MP3 merchants are able to open high
risk merchant accounts for their
businesses. MP3 high risk merchants are
categorized as high risk because their
industry is plagued with pirated
software and pirated programs. Banks
will need to completely review the
merchants that they are currently
processing for or planning on processing
for to make sure there are no illegal
activities taking place. If there are
illegal activities the processor is
liable for a large lawsuit. Many
merchant account processors are unable
to provide MP3 or downloaded software
merchant accounts because of the risk
that it entails. MP3 downloads is a high
risk business because there is no
product being provided, just a piece of
software. It is very difficult to
confirm that the customer actually
purchased this, that it was not fraud
and that they also received it.
MP3 merchant and software download
companies will be able to process their
customer’s payments by having the
customer purchase directly from their
website. These merchants will be able to
instantly provide the product for
download after the customer’s credit
card or debit card has been processed.
The mp3 merchant will not have to
manually account for the order and send
the file to the customer; this will all
be completed instantly without the
merchant knowing until after the sale.
The merchant will be able to login to
their online gateway and review all
transactions and reporting. The MP3
merchant is able to setup individual
logins for all of their employees and
managers preset with different
permissions.
Offshore Merchants has been setting
up MP3 and downloadable software
merchant accounts since 2007 and will be
able to setup your business within 1-2
weeks. The merchant will be required to
provide all of their supporting
documents in order to apply and be
approved for a merchant account.
Contact
one of our helpful account
representatives to assist you in the
setup of
high risk merchant accounts,
offshore merchant accounts and
high risk offshore merchant accounts.