It’s hard to find quality bank card processors for high risk business types. Many large merchant account providers will refuse to process transactions for high risk businesses, which limits your options available to hard-to-place merchants. With so few processors to select from, merchants can find themselves simply registering with the initial provider that may accept them rather than looking around and seeking for reputable, high risk credit card processor that specialize in high risk merchant accounts. This can lead to headaches later on, as heavy risk merchants are specifically at risk of chargebacks, fund holds, excessively high rates, or placement around the TMF/MATCH list.
To help you find the right provider for your personal business, we’ve compiled these set of the best high-risk merchant account providers. Each of these processors will be able to place a wide range of high-risk business types, but we’ve included a certain selection of industries that every provider serves so that you can narrow your search to businesses that satisfy your company needs. Legal and banking regulations are constantly shifting, so these industry lists should basically be considered current since this article’s publication date.
Situated in Woodland Hills, California, they can be a credit card merchant account provider which specializes in serving high-risk business types. The company’s services and products include point-of-sale solutions, cellphone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. They dexspky58 a devoted account rep to all of new merchants for the lifetime of the account. The business has not yet received any negative complaints on consumer forums, and it customizes its pricing as outlined by each merchant’s business type and processing history.
Together with having significant experience dealing with dangerous merchants, these providers also maintain positive reputations among merchants and are known to offer fair pricing and quality support service. As always, the easiest way to make sure that you receive a whole lot on your heavy risk merchant account is usually to contact multiple providers and compare their pricing and repair packages.