Things to look for in a high risk merchant account provider
A high risk merchant account provider is needed if you want to have a high risk merchant account. Actually, you need to have a high risk merchant account, as this will enable you to accept credit card payments from your customers.
If you have a high risk business such as Online Pharmacy , Adult Websites , Travel , Membership Clubs , Telemarketing , Gambling , Bail Bonds , Lottery Tickets , Pawn Shops , Dating/Escort Service , MLM , Water Filtration , High Volume and others, then a high risk merchant account provider is the one to go to. Wirh a lot of high risk merchant account providers roaming online and offline, choosing the best is a tough task.
High risk merchant accounts and the services it offers are being being sold by high risk merchant account providers through sales agents. What you need to remember in choosing a high risk merchant account provider is to actually verify if they are certified one. To check this certification, you should be able to see in their website the following:
* name of the high risk merchant account provider with a copyright seal
* contains a privacy policy
* contains a legal disclaimer
* registered with FDIC- insured banks
* displays the name of the acquiring bank
Knowing these things will let you know that you are dealing with a certified high risk merchant account provider. If the above are not mentioned, you may be either be dealing with a third party processor that is located offshore. A high risk merchant account provider can make business dealings with an offshore acquiring bank as local banks tend to shy away from high risk businesses. In the end, you just need to be in business with a legit high risk merchant account provider.
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