Echeck processing for high risk
businesses provides more payment options
for the business as well as for the
customers. Depending on a customer’s
specific situation they are given the
choice that will work best for them.
Echeck processing is a very simple form
of payment acceptance. Merchants will be
given the option of using a virtual
terminal to process the transactions or
by inputting the transactions into a
spreadsheet and uploading them to the
processor daily. Most large companies
operate by uploading transactions into
the terminal daily.
The processor will then run the
transactions daily depending on their
company’s cut off time. When applying
for a high risk echeck account it is
important to make sure that the
processor is aware of your complete
business type. Some processors have
strict policies concerning what types of
business they will accept and will not
accept. Many high risk businesses are on
or near the line between these two and
if a processor is not 100% aware of all
of the business practices of their
merchants they may discontinue
processing for that business and hold
all funds into the future. Provide a
complete package to the processor
including application and processing
history when you apply.
Contact
one of our helpful account
representatives to assist you in the
setup of
a
high risk merchant account,
high risk ach account or
offshore merchant account for a
high risk merchant.