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USES OF HIGH RISK ECOMMERCE SPORTSBOOK MERCHANT ACCOUNT

When online merchants have problems regarding processing of credit cards, the problems can be tackled in many ways and you may have many questions. Previously, the account providers and processing banks check the credit history of the online merchant before giving him the merchant account and the services. After passing the initial check up together with some auxiliary verification's, the business of the ecommerce merchant is evaluated. Unfortunately, it is not an easy and smooth process. “E-Commerce Business Evaluation” process is very complex and most of the applications get rejected during this process. The providers of the processing services also check whether the merchant’s e-Commerce business will have sufficient number of transactions to meet the minimum payments for each month. The checks don’t end here. Some types of businesses are blocked by the providers because they are considered as “high risk e – Commerce Businesses”.

The “High Risk E-Commerce Merchant Accounts” are primarily used by high risk online businesses to process card-not-present transactions. Each account provider and merchant services provider has a predefined list of businesses which are considered as high risk. Therefore, you should go through their list before applying with them. If your business is classified as high risk business then you should get in touch with the “High Risk E-Commerce Merchant Accounts” providers.

The common businesses that are classified as high risk are ISP’s and telephone companies, Companies providing hi – tech appliances, PC hardware components, software download, dating websites and online gambling and online casinos, among others. Websites providing adult content are also categorised as high risk businesses and not many providers of “High Risk E-Commerce Merchant Accounts” are willing to do business with them.

“High Risk E-Commerce Merchant Accounts” and services allow the high risk businesses to accept credit card payments from their clients, which is required for the growth of their business. This is the only option for you when all the local banks reject your application. Taking some precautions will reduce chargeback’s due to credit card fraud; however most banks and service providers don’t want to take the risk of working with such businesses.

The three main uses of “High Risk E-Commerce Merchant Accounts” are:

1)    Accepting Credit Card Payments by High-Risk e-commerce businesses

All the banks and merchant service providers would have rejected your application because of the classification of your business as high risk. In such a case you can obtain the “High Risk E-Commerce Merchant Account” and accept credit card payments from your site.

2)    Precaution

If you have a business which may do more chargeback’s than the permitted limit then it is better for you and your business to go for a “High Risk E-Commerce Merchant Account” so that your credit card report will be protected.

3)    A Merchant Account

Though you run a business that is not classified as high risk, many bank and service providers reject your merchant account application if your credit history is bad. In such cases you can apply and get the “High Risk E-Commerce Merchant Account”. 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.