Merchant Services

CONS OF HAVING A  HIGH-RISK MERCHANT ACCOUNT Now a business owner has to get a merchant account. This account is used to carry out the transactions of the merchant. Now if your company has too many numbers of chargebacks then your account will be referred to as high-risk merchant account. There are many reasons a merchant do not want to own a high-risk merchant account, these are: Excessive Chargeback Fees – The Bank already considers that the high-risk business will produce a number of chargebacks. In order to deal with the chargebacks, bank charges extra chargeback fees to deal with them in the future. Need to create a Merchant Account Reserve. For the  high-risk business , the bank asks them to open a no-interest saving account. This is done to deal with an unexpected number of a chargeback in the future. If someday merchant is asked to pay a large sum due to a chargeback then this account will be used to pay off the customer. If you are at risk of becoming a hig...

Instant Approved Merchant Account For Tech Support Business : Setting up a Tech Support company comes with a host of challenges. One of the biggest challenges is to find a merchant account provider for the tech support business. Instead of trying to find the lowest rates possible, you probably find yourself stuck searching for any service provider willing to set up the merchant account and pair it with an acceptable payment gateway. It can help you to accept the payment online via card network and will allow your customers to pay online even miles away from you. You can obtain the payment from all over the world just by sitting at a single place. VIRTUAL TERMINAL FOR TECH SUPPORT MERCHANTS The Virtual Terminal is an online order form into which you enter the data of your business transactions. Getting a virtual terminal only grows risk factors. The chance of frauds becomes high here. It probably can affect you in the following way: Your Website is already set up ...