LINKS

"
THE LOWEST RATES...
MOST BUSINESS TYPES...
WE SAY YES WHEN
OTHERS SAY NO...
7 DAY APPROVAL...
NO HIDDEN FEES...

"

 
 
1.800.393.3230
 
 


   

EVALUATING HIGH RISK CREDIT CARD PROCESSING COMPANIES

A company whose business is processing of credit cards helps you to accept payments from your customers through credit cards for the several products or services offered by you. It also helps large business houses to empower their clients or customers to make payments for the goods they have bought using the credit cards.

Most of these companies are mostly local banks that have a bank account of the business people. Also, they can be trade associations or third party credit card processors. Credit card is also a very safe and secure mode of payment. The companies help you to set up an account, billing and also sending reports for each transaction which happened between the company and the customer. To get qualified for a merchant account the business line of the company and also the credentials will be examined.

The credit history will also be checked from banks and other reliable sources. The rates will be calculated after going through the firm’s revenues, turnover and business standing.

Those companies that are not established as yet will be charged with a higher rate than the established companies. However, if the payment track record and the financials of the company are good, then they can negotiate for a better rate on the merchant account.

Evaluating businesses is a huge task and can be highly frustrating as it may or may not lead to financial losses before or after giving permission to open the account. If it is a start up business or a high risk trade, then the chances of getting an approval for the merchant account are very slim as most of the banks do not take suck risks. Then you will be left with no choice but to use a “third party credit card processing” company.

After this, the issues related to security will come up. Credit card fraud is very rampant every where and steps should be taken to stop the menace. With all the points in mind competitive and good “credit card processing companies” must be chosen. You do not have the choice of backing away from the decision of accepting credit card payments as you will loose your customers.

Evaluation of “Credit Card Processing Companies” should be based on:

  • Number of payment modes offered by the company such as regular checks, e – checks, debit cards and all the major credit cards.
  • Transactions should be processed through the internet.
  • High security and protection from fraud for all transactions by the use of technology such as “Address Verification Service” or AVS and “Verisign SSL Certification”.
  • Competitive fee structure with several benefits.
  • A low monthly cost should be charged which helps in reducing the overhead costs of your company.
  • Set up and payment gateway charges should be very competitive.
  • The setting up of the account should be done as soon as possible so that the merchant can accept credit card payments very soon.
  • Offer 24/7 customer service.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.