Merchant Accounts For High Risk Business 10 Things You Should Know About High Risk Merchant Accounts

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Күн бұрын

#highriskmerchantaccount #prohibitedmerchantaccount #restrictedmerchantaccount
If you’re business falls into a high risk merchant account category, you should know these 10 things when applying for a merchant account.
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★ Video Reference #1 ★ Chargeback Prevention
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Part 2: • Chargeback Prevention ...
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What is a high risk merchant account.
And what make a business fall into a high risk category?
Today I’m going to give you 10 things to consider if you think your business falls into the high risk category.
Roll Intro
First off there’s a difference between high risk and prohibited.
Every processor will have a prohibited list and an elevated risk list.
Prohibited means that you’re not going to get approved no matter what.
High or Elevated risk means you have a shot but things need to line up.
No particular order- Stacking risk elements together increases risk level AND some of these are deal stoppers.
That will become apparent as we move through the list so let’s get into it.

Пікірлер: 21

@Bancardsales 2 жыл бұрын

Is your business in a high risk category? Are you selling products or services that are controversial? Let me know what you're selling in the comments below. ~Brian

@allin1app530 2 жыл бұрын

Igaming

@allin1app530 2 жыл бұрын

Card 101/201

@thesmithfilamfamily Жыл бұрын

Beauty and Skincare

@rickalhamilton8903 Жыл бұрын

in-game merch, doing a mew startup, but this is all so scary

@LouisianaNative13 Жыл бұрын

Thank You for this, as a large dating site/app owner I just went through hell regarding merchant accounts. We used Stripe for years, however, stripe decided that they would no longer allow any dating sites to use their services and canceled our stripe account leaving us with Paypal only. we lost over 80% of our recurring when they did that and took a major hit. It was really hard getting a new merchant account. Our Chargeback rate is .1 - .8%.

@Array_of_objects Жыл бұрын

Im dealing with this now, who are you using for your merchant account? I had EMSData and they locked all our funds because they said they needed to "call" each of my customers. We are an app, nobody expects a phone call lol.

@guambroker 8 ай бұрын

same here! now i have multiple credit processors just in case. looking for a 3rd party subscription service that could bring subs to another provider

@user-sc9nq2wo9f 5 ай бұрын

What are u guys using now? Please share😊

@LouisianaNative13 5 ай бұрын

@@user-sc9nq2wo9f We are currently utilizing NMI as our payment gateway and Signature Payments as our merchant service provider. However, we have encountered several challenges related to dispute resolution with these platforms. Notably, there has been a noticeable uptick in friendly fraud incidents during the recent holiday season. In response to these disputes, we have consistently provided comprehensive evidence-a practice that has previously resulted in favorable outcomes when dealing with platforms like PayPal and Stripe. However, we have observed a concerning lack of communication from Signature Payments following the submission of such evidence. This situation leads us to believe that these disputes might not be actively contested on our behalf by Signature Payments. We seek clarification and a more proactive approach in handling these disputes.

@calboyalexander8181 4 ай бұрын

@@Array_of_objectsDid you found any solution?

@EddieMarls 8 ай бұрын

I loved the Scooby Doo mask reveal too 👻 🤣

@shahabujor5375 9 ай бұрын

Do you open account with no US Residence with US LLC And Bank Account

@user-sc9nq2wo9f 5 ай бұрын

Any suggestions for credit repair business?

@user-dl7dp4jm1m Ай бұрын

Hey there, we're the ISO providing solutions to high-risk merchants through our partner banks. If you're interested to work with us, I'd love to share more details with you and will make sure you're getting the best solution you deserve.