PRLog (Press Release)
- Feb. 8, 2013 -
Companies that are within certain industry classifications are considered high risk merchant accounts. These types of businesses have a greater incidence of fraud and chargebacks which represents increased risk of financial loss for the acquiring banks. A chargeback occurs when a customer disputes a charge on a statement by contacting the credit card company instead of contacting the merchant. The customer will be refunded money directly through the credit card company and the merchant’s checking account will be debited. There are many highly effective methods a merchant can use to eliminate chargebacks. All methods are included as part the international merchant account. Rapidly growing businesses processing high volumes of payments and businesses that have high average tickets are can also be classified as high risk merchant accounts. If you are operating a business that may be regarded as a high risk category by merchant processing, it is often the case that many conventional merchant credit card processing banks will refuse to handle your merchant account. MaxPayNow are experts in dealing with these types of industries & will work with you every step of the way to get you approved.
Regardless of the type of your online business you run, the length of time you have been in business or if you are a recent start-up, or whether your whether you are a ecommerce business, retail or wholesaler, or telephone ordering service, MaxPayNow has the solution for you to meet your processing needs. While any no risk or low risk type of business can easily obtain a standard eCommerce online merchant account from any provider, it is hard enough to do for the high risk businesses. In comparison with the fees chargeable by merchant accounts providers for approving standard merchant accounts, the rates for international/
offshore high risk merchant accounts are excessively higher.Contact MaxPayNow on 0161 928 2287 today to learn more about how to meet your high risk credit card processing needs & an offshore merchant account. www.maxpaynow.comPhoto: