Posts Tagged ‘High Risk Merchant Account’

Online Pharmacy Merchant Account

Wednesday, October 15th, 2008

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HIGH RISK MERCHANT ACCOUNT - Online Pharmaceutical

We now offer a solution for Online Pharmaceutical Sales to accept credit cards. As you probally know, these fall under the catagory of a high risk merchant account. Merchant selling Online Pharmaceuticals have historically fund it almost impossible to find credit card processing for these ecommerce sales.

Please feel free to give me a call to discuss your needs.

 

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683
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Accept Credit Cards

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Online Tobacco Sales | High Risk

Monday, October 13th, 2008

HIGH RISK MERCHANT ACCOUNT

We now have a solution for online tobacco sales, such as ecommerce cigar sales. As you know online tobacco sales requires a High Risk Merchant Account. Several issues including state tobacco taxes and sale of tobacco to minors are the main reason for the high risk classification. Many merchants have spent alot of money to design a tobacco website, only to find out that they cannot get credit card processing for their ecommerce website.

We are adding high risk payment solutions to assist merchants who have been declined elsewhere. Our solutions will very based on the business types and amount of business history. Certain solutions may require more paperwork, set-up fees, higher rates, and rolling reserve accounts, but keep in mind that we can get you approved to accept credit cards with a high risk merchant account.

In summary, if you have been declined by other processors, we are confident that we can get you approved. Give me a call to discuss your credit card processing needs.

 

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683
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Accept Credit Cards

 

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High Risk Merchant Account

Friday, August 15th, 2008

High risk merchant accounts are for business types deemed high risk when compared to the average business type. The risk of chargebacks is usually higher in these business types and they are deemed “Undesirable” by most merchant account providers. The risk for the merchant account provider is that many chargebacks could come through the account and the merchant may not have the funds available to cover each chargeback. In this situation, the merchant account provider may be left holding the bag.

The amount of acceptable risk will very for each processor. Some may accept more risk than others. Typically you may be accessed a higher rate and/or you may have to have a “Reserve Account” set-up to insure that you can cover all potential chargebacks that may be assessed against your account. Further keep in mind the “Excessive Chargeback Rule” set forth by Visa & Mastercard. Under this rule, if your chargebacks exceed 1% of your monthly volume, your account must be closed.

Here is a small list of business types which may be considered “High Risk”:

Adult Products
Bail Bondsen
Coin Shops
Computer Sales
Door-To-Door Sales
Gun Sales
Insurance Products
Kiosks
Multi-Level Marketing
Pawn Shops
Pharmaceuticals
Seminars
Time-Share
Travel Sales
Used Car Sales
Water Purifiers

This is a partial list of merchant types that may find it hard to get approved for a merchant account. 

If you are having trouble getting a merchant account, please call me to discuss your options.

MARK SANDS
http://www.usa-merchantaccount.com
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