HIGH RISK MERCHANT ACCOUNT
While looking out for a
merchant account provider, one may come
across a suitable list which may seem
perfect. The merchant account provider
usually advertises a minimal set up
cost, but will contain many hidden
chargers. There are equipment fees,
transaction fees, maintenance fees, etc.
which will add up to the total cost.
Therefore, the best option is to do a
thorough research before settling on a
particular merchant account provider.
Hence, it becomes a necessity to select
an account provider who looks after the
business requirements. Making an
informed choice will only add to the
profits in the future.
A merchant account
provider can be zeroed upon only after a
suitable merchant account is selected.
One must understand that a merchant
account provider only provides payment
processing and does not offer the
provision of a merchant account, or vice
versa. This means that a merchant
account provider could be a bank that
gives a merchant account, or an
independent sales organisation which
processes the payment made by credit
cards via the internet.
Hence, a person will
eventually come across terms like
Merchant Service Provider, Independent
Sales Provider, and Merchant Account
provider. One must be able to
distinguish between these terms in order
to run a business successfully. The best
known payment processor is the bank. It
is the most dependable and safe option
to start merchant accounts. The
Independent Sales Organisation, also
known as the 3rd part
Merchant Account Provider, allows
businessmen to exercise their accounts
with a flexible fee structure. These
account providers are preferred by the
internet and international merchants.
The term “Merchant Service Provider” is
used to refer to all kinds of merchant
The following key points
must be kept in mind before a merchant
account provider is selected:
As a trader, the provider
must offer facilities to accept both
offline as well as online payments from
a global debit or credit card and must
not limit to a few payment options such
as MasterCard and Visa.
A merchant should find
details about phone sales, retail and
internet transactions and have knowledge
about the cost incurred for each of
The rules, regulations
and the fees applied on the different
kinds of transactions such as mail
order, telephonic, in person, and
internet must be known by the merchant.
Once a merchant account
is put in place, the trader needs to
find out whether the merchant account
provider will offer automatic processing
of the merchant accounts or whether
there is a separate system for
A trader should know if
secure internet payment gateways and a
SSL security system will be offered by
the merchant account provider. One must
also know if these facilities are
covered in the fees.
A merchant should know if
the software and hardware requirements
will be looked after by the merchant
account provider or not.
Hence, these factors will
give a clear view to the merchant before
he selects a suitable merchant account
one of our helpful account
representatives to assist you in the
high risk merchant account or
offshore merchant account for a
high risk merchant.