high risk merchant accounts

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…

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…

When you decide to start a business, you may focus on what seems most obvious. Thus, you might come up with a business model, relying on a particular product or service to get you going. Or you might pick a niche business sector, and then begin working on your business name and logo. At some…

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…

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…

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…

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…

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…