High risk merchant accounts are categorized by their connection to those products and services that are associated with controversy or transaction difficulties. As the classification states, your relative difficulty in obtaining a merchant account is based on financial risk to the payment processor or acquirer. Fortunately, MaxPayNow can help you if you are in this situation.
At MaxPayNow we offer the widest selection of high risk merchant account solutions necessary to meet your business needs no matter the size of your company. Being able to process cards over the internet is one of the fastest growing markets of transactions today. However, when the sales volumes/turnovers are exceptionally large in a particular business, there is always a likelihood of some kind of fraudulent activities taking place at some point of time or the other. These businesses are typically considered as high risk businesses, hence why you will pay more for the merchant account.
What makes high risk credit card processing different than other types is simply the hesitancy of acquiring banks to open high risk merchant accounts. Many businesses find that it is near impossible to open a high risk merchant account domestically, but they will have more luck finding an international or offshore account provider.
We can also help businesses get approved for a credit card machine, pdq machine, moto account & even a merchant cash advance so contact us on 0161 928 2287 or visit or website at www.maxpaynow.com