High Risk Merchant Accounts

Posted on 13. Feb, 2009 by admin in Merchant Article

A high risk merchant account is an account of service provided to Internet merchants who have been declared “high risk” by Visa and MasterCard. This is due to the nature of their businesses, which have a high credit rate or a high turnover, but also an increased risk of fraud.

Generally, it is very difficult at high risk and non-US firms to obtain a merchant account. In high-risk accounts offered by various providers of international services to allow private traders to process their credit card transactions and the proceeds sent to an offshore bank account. The costs are higher for offshore / high risk credit card.

Processors of credit card are likely to reject you if your business is considered high risk. The objective is to find a processor of credit card that you approved and you accept credit cards quickly and efficiently, with a high risk merchant account or a merchant account.

Examples of high risk businesses include pharmaceuticals, telemarketing, infomercials, travel industries, online dating, etc. Some of them are considered more at risk than others. Thus, a merchant account provider of telemarketing for high risk merchants in its network in May not to allow online casino or adult merchants due to their credit limit.

An established supplier of high-risk merchant account companies must have the following characteristics:

  • No volume caps
  • Payment Gateway Online
  • Virtual terminal for online manual
  • 24 / 7 real-time online reports
  • Credit cards accepted - Visa, MasterCard, American Express, Discover
  • Multi-currency functionality
  • Pay-outs every week
  • Pay-outs are sent abroad or international banks.
  • Merchant accounts can be set up for offshore companies.

Since the high-risk accounts are usually set up with the buyers at sea, the opening and operation are less stringent and completely tax free. Thus, obtaining a merchant account online and accept credit cards in the world.

Leave a reply