LINKS

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

"

 
 
1.800.393.3230
 
 


   

OBSTACLES IN THE SMOOTH FUNCTIONING OF A POKER MERCHANT ACCOUNT

The first and foremost thing for a merchant account holder is that, only one account per product is actually allowed. This is a rule set by the banks and other financial institutions. The charges for the registration and the set ups are costly but it is a onetime fee charged by the bank as a security against the merchant accounts. So, to sell their products, the merchants have to open many different accounts as per the number of products they sell. This will cost huge investment as well as heavy business expenditure for the merchant. These are the obstacles in the smooth functioning of merchant account. A merchant may not have a high return on sales therefore these offers are not affordable by the new merchants who run small scale business industries. Different products are allowed to place only in the different account types of merchant account but, however, all the products of one particular merchant may come under the same business domain or name.

The internet service provider (ISP) controls the overall working of the merchant account businesses at the backend. If all the products of a single merchant were placed under one account name then how can the internet service providers or the e-commerce businesses make earnings? It also means that the merchants use the internet service to sell their products and they make huge profits from the business. If more products are sold under a single merchant account or domain, then the merchant’s profit would increase but not the banks and the service providers because the merchant has paid only for one account. If a merchant processes lesser credit cards in a month, then the bank will charge some amount as penalty. The bank fixes a minimum transaction limit of the credit card, failing to which a merchant account will be terminated or cancelled or withheld until payments are made.

Certain formalities are place before the merchants during the process of obtaining the facilities and services of an internet banking system. A merchant may be doing a big business but the banks do not allow anyone to have a single account for various purposes. The banks also doesn’t allow such type of account as there are certain risk involved during the assessment and evaluation period. If a merchant fails to follow the rules that are set by the bank, a fraud case will be filed against the merchant, immediately. A reputed merchant can attracts lot of customers and that is the reason how business reaches to a high level. In order to stand firmly in the market situations, a merchant has to fulfil all the legal formalities for the business operations.

A merchant can transfer from one merchant account provider to another. But the main problem is, a certain amount of fees has to be paid to the bank while making transfers. The frauds are the biggest obstacle in the merchandise business. Due to these fraudsters, the banks don’t trust the new merchants doing the merchandise business. These are the obstacles in the smooth functioning of merchant accounts. 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.