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Showing posts with the label high-risk merchant account

3 Good Reasons Why Businesses Must Have E-Commerce Merchant Accounts

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Gone are the days when checks and cash used to be in the mainstream for making payments. People worldwide barely like to carry large sums of cash in their pockets to buy services or things. Over the years, customers have switched to online payments exponentially. The payments options such as credit and debit cards have been dominating all around the world. In essence, electronic payments have transformed the concept of payment.  The digital payment platforms have streamlined the dynamics of shopping. In the interim, businesses have started realizing the significance of having an  E-Commerce Merchant Account . Do you have one for your brand? If not, what are you waiting for? 2022 is the year that brands globally are aiming to position themselves on a higher level.    But if your business doesn’t have an e-commerce merchant account, the results could be opposite of your aims. Even if you are not running an e-commerce business, online payments will still be of utm...

What is High Risk Merchant Account and How To Choose High Risk Payment Processor?

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Any business accepting credit cards, and looking for the right merchant account holder, understands how hectic it is, and it gets more difficult if you are a high-risk merchant. And it is here where you feel the importance of having a high-risk merchant account . The article will focus on why business is considered high-risk?   What is a High-Risk Merchant Account?   Any merchant account that faces a high risk of fraud and getting charge-backs by the processor is considered a  high-risk merchant account . The account deemed as high risk depends on the assessments based on the business, the owner's credit and business history, and many other factors.    Each processor requires high-risk determination so a business can be considered by one processor but not any other.   There is a difference between a High-Risk Merchant Service than a traditional merchant account    Naturally, having your business considered high-risk c...