high risk merchant accounts

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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Protecting Your Business from Chargeback Fraud

Giving cardholders the ability to initiate chargebacks is a banking policy that is intended to protect customers. It allows a customer to get a bank-initiated refund in case they did not receive an adequate product or service when purchasing with a credit card. It is also meant to protect against identity theft, and the financial…

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Getting a Merchant Account with Bad Credit

A few decades back, getting access to credit was quite a challenge. Military veterans could get priority for loans, but most people had a hard time with any bank assistance or financing. Things have changed now, and may issuers offer you credit cards in the mail. You can get a card without even asking for…

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What are Chargeback Fees?

One of the most stressful aspects of accepting card payments is getting a chargeback. This is the technical term for a payment reversal that was not initiated by the merchant. It happens when a customer has paid using a credit or debit card, but for any of a variety of reasons, the bank ‘reverses’ the…

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