Merchant Services

Effects of Poor Merchant Underwriting Your high-risk business may suffer from one or the other reason even without in-depth analysis and these are: Incorrect Limit: You should set limits for your business as per requirement. It should not be too high or too low, as both will put your business at risk. Limits lower than required will hinder the regular processing of transactions. As a result, it may constrict the flow of cash or timely payments from the customer. If a limit is too high, this may lead to unexpected fraudulent charges. Hidden Fee: An additional fee is there if the volume exceeds the limit. However, even if you have set your limit, some providers let it exceed without notification. And they also charge you with a penalty. Downgrades: Once your  high-risk merchant account  is set, you are inclined to transaction downgrades if certain required features and security measures are not set along with the account. Although, setting up these features...

Credit Card Acceptance : Accept Visa, MasterCard, American Express and Discover These days only a few people carry cash, rests rely on credit cards. There are only four major card brands through, Visa, MasterCard, American Express and Discover. For a small business, credit card processing is incredibly important. According to a report by the market watch, 60 percent of the points of sale transactions rely on debit or credit cards. Many studies have pointed that business owners who offer multiple payment methods are likely to succeed. By providing multiple payment methods, a company is likely to attract a large number of customers from around the globe. Credit card payment makes purchase process secure and easy for customers, and it also helps business to keep the record of sales. Small Business Needs A Merchant Account  The easiest way for small businesses to accept credit card is via merchant accounts. A merchant who wants to expand a business to reach wide audie...