Businesses that are labeled in the high risk credit card processing category need to have a stable solution for them to operate their business smoothly. Most entrepreneurs that operate a high risk business realize that it is hard find a processor that is stable and flexible enough to meet their needs. If this is what you’ve been looking for, then you are on the right website. We have been around for well over 7 years and have been dealing with merchant that are challenged. If you are looking for a solution outside the U.S. or just need an international merchant account that offers reasonable rates and quick payouts then please do contact us. Although we cannot place every type of business due to some being illegal, some of the companies that we have had success with are adult related website and products, online pharmaceutical products, phone based merchants offering inbound and outbound telemarketing, online dating website and the like. We also have dedicated solutions for companies that sell infomercial products as well as the travel industry. Even though I have not listed all of the business types and industries here, there are many reasons why a company would be classified in this category.
Additionally, most of these companies can benefit from multi-currency processing which is most often not available when you get a normal merchant account. Certain countries such as the US, UK and others have trade restrictions that are imposed on businesses which sometimes causes business owners to seek out these types of accounts. For example, if you are selling to a lot of international customers and you are doing it with a regular merchant the processor may terminate you due to the risk that is involved with cross border shipping and the like.
Other reason is simply because most of your transactions are done over the phone. This is called a mail order or telephone transaction and is also referred to as MOTO. Another business that is hard to place is any company operating a recurring membership products and services which often time requires a free trial and after the free trial has expired, the customers is then placed on a monthly or weekly billing cycle. These types of companies tend to get high chargeback but we can get them approved to process payments. One of the reasons why companies that are not even labeled as high risk and have no history of chargeback is because they have unusually high ticket items. Anything price point above $600 dollars per item will often be hard to place with a regular account.
There is nothing wrong when a company that wants to store credit card information on their servers as long as they are PCI compliant and the website offers SSL certificate to protect consumer’s data during transmission. We can also work with TMF merchant or businesses that have been placed on the terminated merchant file list by First Data or the Visa, MasterCard Network. These types of merchants also have the advantage over other companies because of the added foreign currency processing. High refunds rates for companies is not a problems when you are processing with us.
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