high risk merchant accounts

How Businesses Can Get Merchant Accounts with Bad Credit

Unfortunately, financial mistakes can follow anyone for a long time and prevent them from making business decisions even a decade or more later. One of these mistakes is letting a credit score drop to the point that investors don’t feel safe lending money. Bad credit can affect many aspects of a small business–not the least…

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How Bad Credit Affects your Merchant Account Rates

The COVID-19 quarantine has affected how people play, work, go to school, and pay for everything that they need. It has made paying for things online a necessary replacement for face to face interactions, which have become risky. This means that to stay afloat, many businesses need to create or refine their online components with…

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How to Obtain a Merchant Account

As someone who runs a small business, you may be concerned about your credit rating if you’re trying to open a merchant account. Particularly during the COVID-19 lockdown, businesses are prioritizing online transactions over face-to-face interactions, which can be riskier to the health of you, your employees, and your customers, and are prohibited by law…

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How to get a Merchant Account with Bad Credit

If you have a small business that wants to be able to accept credit cards from its customers, you may be wondering how to get a merchant account even if you have bad credit. Since many merchant account providers check your credit when you apply for an online merchant account, you may feel like you…

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What is the Purpose of a Chargeback?

It’s a term that can send shivers down the average retailer’s mind. It can be just a few dollars per charge, but it can quickly pile up, and it can do permanent damage to your business. But what is it? A chargeback is a process by which a cardholder can try to cancel a sale…

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What is a High-Risk Merchant Account, and Do I Need One?

A high-risk merchant account is a merchant account that allows businesses designated as ‘high-risk’ to accept payment for goods and services by credit or debit card.  Merchant account service providers might attach certain terms and conditions to the account to protect themselves in the event of something untoward happening, but that would depend on the…

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Getting a Merchant Account for a Small Start-up Business

You might wonder what qualifies your business to have a merchant account. Maybe you think your business is too small for a third party payment processor. In reality, any business that accepts card payments needs a payment processor. It’s impossible to receive payments without one. Also, most card networks use the Visa merchant classification. This…

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Does my Business Qualify for a Merchant Account?

Virtually every modern business needs a merchant account. It streamlines your payment options, combining your check, cash, card, ACH, and online payments into a single platform. And if you have on online store then a merchant account is practically mandatory, since it’s the only practical way to safely receive payments from your customers. However, a…

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Can a High Risk Business Get a Merchant Account?

Though consumers don’t always realize it, using or accepting a credit card is actually taking out a loan. When you purchase something with a card, it’s because you don’t have cash on you. You might not even have it in your bank account. So you ‘borrow’ money from the bank, use it to pay for…

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