Operating a high risk business comes with its fair share of challenges. One major hurdle is getting approved for a merchant account that allows you to accept credit card payments. Most traditional banks and payment processors shy away from working with high risk merchants due to the potential for chargebacks and fraud. This leaves many business owners in the lurch, unable to offer their customers the payment options they demand.
Fortunately, there are specialist payment processors like High Risk Merchant Account at Highriskpay.com that cater specifically to high risk businesses. With over 15 years of experience in the industry, they have extensive expertise that can benefit your business. This comprehensive guide will explore how HighRiskPay.com can provide you with a reliable, low-cost merchant account optimized for high risk sectors.
Streamlined Application and Approval Process
HighRiskPay.com simplifies the arduous process of applying for a high risk merchant account. They work with a wide range of domestic and international banks that are open to higher risk businesses. This gives them expanded options when finding you the right payment processing partner.
The application itself is quick and easy, with no lengthy forms to fill out. Their dedicated account representatives guide you through the steps and ensure your application is complete. This reduces back-and-forth correspondence and speeds up processing time.
In most cases, HighRiskPay.com can get you approved in just 1-2 days. They have relationships with over 60 processing banks and will match your business with one best suited for your industry. Their vast experience allows them to expedite underwriting and set up your account ASAP.
Customized High Risk Solutions
HighRiskPay.com doesn’t offer cookie-cutter merchant accounts. They take the time to understand your specific business model, chargeback patterns, and processing history. This enables them to put together a tailored account solution that meets your unique needs.
For example, they will recommend transaction limits and reserve percentages based on your processing volume and risk level. If your business has seasonal fluctuations, they can adjust these limits accordingly.
HighRiskPay.com also suggests tools like Address Verification Services (AVS), Velocity Checks, and Fraud Scrubbers to minimize chargeback ratios. Implementing these measures can result in lower processing costs over time.
Low Rates and Fees
As industry veterans, HighRiskPay.com has cultivated relationships with banks and processors that offer competitive pricing. They leverage these partnerships to secure the best possible rates and fees for your high risk business.
Pricing is fully disclosed upfront, with no hidden costs or surprise rate hikes. HighRiskPay.com is able to provide month-to-month contracts with interchange-plus pricing. This allows their rates to automatically adjust to changes in card brand fees.
When negotiating your account, HighRiskPay.com keeps your budget limitations in mind. They will present multiple rate structures and explain the pros and cons of each. This level of transparency is rare among payment processors and takes the stress out of selecting a solution.
Robust Processing Platform and Gateway
Once approved, you will gain access to HighRiskPay.com’s proprietary processing platform and gateway. Their robust, PCI-compliant system can smoothly handle large transaction volumes from enterprise organizations. Smaller businesses also benefit from enterprise-grade tools not typically offered to merchants in their tier.
The virtual terminal allows you to securely process payments over the phone or web browser when card-not-present. For retail environments, HighRiskPay.com provides POS integrations, payment terminals, and mobile card readers. Their system also enables recurring billing, customer vault storage, and other advanced capabilities.
HighRiskPay.com deploys the latest fraud prevention and security features across their platform. This helps minimize chargeback and fraud liabilities for both you and their processing partners. Staying on top of compliance regulations is also essential in higher risk sectors, and their system ensures your business meets requirements.
Reliable Account Management & Dedicated Support
Some payment processors quickly approve high risk accounts but provide little post-sale support. High risk merchant highriskpay.com takes a more hands-on approach, assigning knowledgeable account managers to each merchant. These specialists continuously monitor your account for issues and are available if questions arise.
If your business experiences sudden spikes in chargebacks or fraudulent transactions, your account manager will guide you through proper remediation procedures. Their expertise and familiarity with your account history makes problem resolution quicker and easier.
HighRiskPay.com also provides 24/7 phone and email support should any challenges develop. Their US-based, in-house service team is well-versed in high risk accounts. This means you get knowledgeable support staff able to address your specific concerns.
Why Choose HighRiskPay.com?
Obtaining a high risk merchant account can be frustrating, but it doesn’t have to be with a partner like HighRiskPay.com. Their comprehensive services and exceptional industry knowledge facilitate the process and get you approved quickly.
HighRiskPay.com offers complete transparency with their pricing and contract terms. They work diligently to secure you the best possible rates. Customizing your account with optimal limits and fraud tools helps minimize expenses.
Reliable support resources provide peace of mind that any issue will be handled promptly and efficiently. HighRiskPay.com strives to establish long-term partnerships with their merchants. This commitment to service promotes account stability and continuity over time.
For a high risk merchant account you can depend on, look no further than HighRiskPay.com. Their unmatched experience combined with personable service makes them the right choice to grow your business.
