Many businesses that make service inquiries are already accepting credit cards, but still have recurrent problems with their current solution. Most of these issues take different forms thus making it hard for entrepreneurs to handle them once and for all. The good news is that high risk merchant accounts are better suited to merchants needs thus making sure they overcome their current needs. One of the most notable complaints occurs when the merchant is operating a monthly processing growth that is way too low. This in turn inhibits their growth therefore giving their competitors an added advantage.
Just as is the case with any other traditional service, a high risk merchant account will make it possible for you to accept MasterCard and Visa payments. However, a high risk merchant account from a high risk provider like Premier One Payments means you can receive an account as long as your business is categorized as ‘high risk.’ Better, high risk providers are more than willing to educate clients as to why their business is regarded ‘high risk.’ Things are quite different with traditional providers thus explaining why industries that involve high risk chargeback rates avoid them at all costs.
When inquiring about a high risk merchant account at Premieronepayments, you ought to know there are three components of such an account. These components include pricing, payout schedule and the reserve. Depending on your high risk business, you can get a rate of 3-4% of the transaction amount. As far as the payout is concerned, it will always change from one high risk provider to another. Some qualified applicants might receive payouts daily or even on a weekly basis. You should therefore discuss this with the high risk service provider prior to making any payments.
The Bottom Line
Taking your time and understand what to expect from a high risk merchant account will go a long way in making sure you get a better return on your investment. Keep in mind the high risk service provider you choose to work with is also going to impact on the final outcome. Choose the wrong service provider and you’ll never reap maximum benefits. To avoid finding yourself in this situation, it would be better to pay a visit to Premieronepayments. With their help, you are set to get the best credit card processing solution without going through a lot.
Stella Tennant has helped several global brands, which get heard across the digital space, through result driven content & social media marketing efforts. Studying blockchains and cryptocurrencies makes her hopeful of a free and decentralized future.