High
Risk Merchant Accounts
As
we both know not every business falls into a low risk category
like a shoe store or a restaurant. That is why Credit Card Processing
Services has developed a high risk credit card processing program
for almost every legal type of business located almost anywhere
in the world. We have teamed up with the most knowledgeable
merchant account professionals who only specialize in setting
up merchant account service for higher risk businesses like
yours.
What
sets our high risk program apart from others you may have located
on the Internet is that we remain neutral to any specific program
and instead refer your information to all of the companies that
we trust that accept high risk accounts. Once you complete our
Merchant Application Worksheet it is automatically forwarded
directly to these referral partners. Those that genuinely believe
that they can assist you properly will contact you within 24
hours to begin a direct dialogue with you in order to determine
exactly what you require. In addition, they will quote you exact
pricing for your individual situation. Each of them knows that
your information has been provided to several competitors and
as a result will offer you fair and competitive pricing. Our
service works similar to the commercial that you have probably
seen on TV whereby a group of bankers compete for your mortgage
– only here they are competing for your credit card processing
services.
The
reason that we are able to easily approve merchants which traditional
U.S. processing banks would not even consider is because your
sales will typically be processed by a member of the consortium
of over 40 offshore, Canadian, European, and South American
banks which our referral partners represent and fully understand
your type of business. Because they are not bound by the rules
of MasterCard and Visa USA, but rather non-U.S. bankcard standards
the thresholds for processing volumes and chargebacks is greatly
relaxed. Of course, there is also the flip side of the coin
that means that these banks still need to be protected against
catastrophic financial losses and that is why they also typically
require rolling reserves or other safeguards. Depending upon
your business and volume they may suggest that you share the
services of a third party processor rather than acquire your
own dedicated merchant account.
