What is a high risk Merchant Account?
Many high risk merchants looking for merchant accounts to process credit cards / ach transactions may find it a difficult process. Go Payment Pros specializes in providing merchant accounts to businesses that have been classified as high risk by a merchant processor. A merchant processor will consider a merchant account high risk for a variety of reasons, some of which include:
- High chargebacks or a rapidly increasing number of chargebacks.
- A previous merchant account termination or application denial by a Merchant Processor
- High Risk industry such as adult entertainment, online pharmaceuticals or debt collection (and more)
- Poor credit scores and bad credit businesses
- Offshore business operations
- International merchants conducting business into countries other than where they are based
- The list goes on!!!
High Risk Industries
If you are running a business that falls into one of the high-risk merchant industries, then your company may have been categorized as a high-risk merchant. Usually, the companies that are classified as high-risk merchants are forced to get merchant processing through offshore or shared hosting accounts. Many e-commerce and on-line merchants are labeled as high risk by processors, despite the fact that their traditional merchant operations aren’t high risk.
High Risk Offshore / International Merchant Accounts
If you are a US merchant doing business overseas or a merchant looking to do business into the United States and need a merchant account, Go Payment Pros will help you to open your offshore merchant account. To keep things simple and convenient for you, we are always available for one-on-one risk merchant telephone or in-office sessions to go over any aspect of the high risk merchant application, approval process or risk account characteristics.
Go Payment Pros will help you o open a reliable offshore merchant account, including merchant accounts accepting multi-currency payments and completing customer transactions in multiple currencies.
High Risk Merchant Account Rates & Reserves
While we know that high risk merchant accounts typically are charged high rates, we can help you find lower rates for your high risk credit card processing account. And if a merchant processor has decided you are high risk due to increased chargebacks, we can help you to find the merchant processing account services you need. And because most high risk merchant accounts have merchant reserve requirements, we will help you to understand the merchant reserves and then to analyze the full financial effect of your risk merchant account proposals. So whether you have had a merchant account terminated by your merchant processor due to excessive chargebacks or had a previous application denied, we will work to get your merchant account approved and your company back to accepting credit cards.