Protect Your Payment ProcessingYesterday, we received a call from a business with a high risk merchant account that was processing $3 million a month with a bank. The merchant was in a panic. He had just received a letter from his bank notifying him that in 30 days the bank would no longer..
Diversify Your High Risk Merchant AccountsHow would your business continue to take payments if your high risk processing account was suddenly cancelled? What is your “Plan B” in to safeguard your business operations if your current processor decides it no longer accepts high risk merchants?..
High risk merchants are the leaders when it comes to implementing successful payment processing technology. Companies are classified as high risk merchants because of the greater likelihood of chargebacks and fraudulent transactions associated with particular industries or business models. ..
What is a High Risk Merchant?Well-managed businesses often wonder why their company is placed in a high risk processing classification.Keep in mind that a high risk processing classification is simply a label. Classification as a high risk merchant has little to do with the specifics of a..