What is a High Risk Merchant Account?
This is one of the most asked questions regarding high risk merchant accounts. It is a payment processing that functions similarly to the traditional merchant accounts, with the difference being that with a high risk merchant account, even those businesses get to carry out online transactions which fall under challenging business segments. As a result, the high risk merchant accounts often times require a higher operation costs since it is considered to be riskier. Having a high risk merchant account allows businesses to operate and thrive in an ever challenging market.
What are the Advantages of Accepting Credit Cards Online?
The most beneficial aspect of having the ability to process credit card transactions is that it improves cash flow while eliminating the wait for checks to clear or customers to make the payments after being billed. Besides, most online shoppers look for those merchants who are able to accept payments made via credit card. It is also a seamless method of making payments which helps attract a wider customer base.
How Long Does it Take to Begin Processing with a High Risk Merchant Account?
Applying for a high risk merchant account is a surprisingly easy process. At RevCard will be with you every step of the way to ensure that our clients get the best solution that suits their business. With our fast track application option you can get a high risk merchant account with minimum documentation, within 24 hours.
Are There Reserve Account Requirements?
This will mainly depend on the situation of a business. RevCard is proud to have a strong partnership with high risk providers, making it easier for you to get a high risk merchant account in no time and at a minimal cost. With your good credit and/or payment and operation history, we have many times been able to get high risk merchant accounts with no reserves at all.
What about Start-Ups?
At RevCard, we have made it clear that we do not discriminate. We help new businesses whether it is a start up or just in need of a payment option that makes more sense for their business. Our expert team is ready and able to get you started right away.
What if a Company is on a Watch List?
While this situation can be a challenge when it comes to high risk companies, but RevCard can absolutely help businesses navigate through these challenging warning indications and successfully set up their high risk merchant accounts.
What If I Have Bad Credit?
No problem. We approve accounts regardless of credit history. We have the highest approval rate in the industry.
What are the Types Of Merchant Accounts You Set Up?
We assist merchants both domestically and offshore across all industries. Before we begin, we will first review your application and give you an upfront indication of what your options will be before continuing. When it comes to high risk merchant accounts we have by far, the best solutions for retail card present, wireless, e-commerce and MO/TO merchants and more. To find out more details on the high risk businesses we cater to please browse through our website.
How Will A Merchant Account Integrate With A Business Website?
There are three basic integration methods for e-commerce processing, which are Hosted Sales Page, API and Virtual Terminal. We can help you find the best option that suits your business needs and requirements.