High Volume Merchant Account
Like all other high risk merchant accounts, the basic purpose of the high volume merchant account is to accept payments through credit or debit card and in this particular case, we are talking of real high number of transactions considering the high volume of products and services. For an ordinary merchant, each credit card transaction costs some amount and if the number of transactions goes up, the dues go up because of increasing risk of fraud and card thefts.
Need for High Volume Merchant Account
High volume merchant accounts are great in demand nowadays because of the growing business and the economic boom caused by the use of internet for marketing and sales. Credit card is a secure means of making the payments as it allows the customer to file the charge backs in case of any flaws in the service or thefts. If a company is selling a large number of products, the number of transactions increases and so does the risk of chargebacks and the frauds. Credit cards have become notorious for theft and misuse by unauthorized persons and as a result, any business that accepts credit card payments becomes high risk.
In order to obviate the risk associated in handling a large amount of products through credit card and online purchases, the best remedy is to get a high volume merchant account. This account transfers the risk to the processing agency for a nominal extra fee and the business can prosper without the risk or danger of chargebacks.
Advantages of High Volume Merchant Account
If you apply for a high volume merchant account through http://www.high-
The services are available worldwide and there is no restriction of volume cap.
The accounts are available for all sorts of merchants irrespective of their classification as low or high risk businesses.
The firm assigns a special, dedicated agent for handling your account. This agent would ensure continuous monitoring of the application processing and keep you updated about all developments.
Nearly all of the international currencies are accepted by the account and hence the business can expand to all regions of the world.
A wide range of credit cards and debit cards are accepted, including the Visa and MasterCard.
The account offers you a service for virtual terminals hence you are always connected to your bank.
A large number of banks are on the company’s network, hence you can ask for a particular bank as per your preferences.
The services are available round the clock, all days of a week; hence you do not have to wait for accepting credit card payments in your account.
There are absolutely no hidden fees. Unlike their competitors, the company ensures that the client only pays what was agreed to at the beginning of the deal and he is not bothered at a later stage on the plea of recurring charges or some risk adjustments.
High volume merchant account truly make “sky the limit” through expanding your business at a great pace. Since capping the volume merely to stay within the low risk limits is like cutting the wings of the bird, it is strongly recommended to apply for high volume merchant account on priority.
Shrigley Web Services
Shrigley Web Services