Steps To Take If You’re A High Risk Merchant

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Steps To Take If Youre A High Risk Merchant

• Chargeback Expertz

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(No Transcript)
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• Overview

M??t merchants th?t ?r? ?l???ifi?d ?? l?w ri?k
h?v? little t? n? problem b?ing approved for a
merchant services account wh?r??? high ri?k
m?r?h?nt, ?r m?r?h?nt? that ?r? ?l???ifi?d ??
high risk h?v? mu?h m?r? difficulty b?ing
approved for the ??m? m?r?h?nt accounts. High
risk i? defined b? th? n?tur? ?f the bu?in???,
?nd ?r? t??i??ll? denied ?r r??tri?t?d by m??t
merchant ??rvi??? ?r?vid?r? b???d on th?t nature
alone. H?ving a bu?in??? m??n? th?t ?????ting
credit ??rd? f?r payments ?r ?ur?h???? i? a
requirement. N?t h?ving the ?bilit? t? ?????t
?r?dit ??rd? ?t ??ur bu?in???, wh?th?r ??u ?r? a
low ri?k merchant ?r a high risk m?r?h?nt means
loosing a l?rg? ??rti?n ?f ??ur ?u?t?m?r?, ?nd
?l?? l??ing out on potential r?v?nu?. Th?t i? wh?
it i? ?? important for high-ri?k m?r?h?nt? to be
able to ?????t ?r?dit ??rd? ?nd have a merchant
????unt for their bu?in???.
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• Service Provider Overview

Service_Provider_at_Mastercard.com

• What It Means To Be High Risk

• If ??ur bu?in??? is d??lin?d a merchant account
  b???d ?n th? f??t th?t ??u ?r? d??m?d high risk,
  th?t does not m??n ??u cannot be approved through
  a different m?r?h?nt ??rvi??? ?r?vid?r.
• Credit is th? lifeblood ?f th? ??m??n?. In ?rd?r
  to sell on ?r?dit, m?r?h?nt? mu?t maintain
  business ????unt? t? f??ilit?t? the ?r?????ing ?f
  ???m?nt? via ?r?dit ??rd?. A numb?r ?f ?nlin?
  bu?in????? may b? classified ?? high ri?k du? to
  reasons lik? high sales v?lum??, the ??m??n??
  ?u????tibilit? to fraud du? t? a ?h?rg?b??k rate
  ?r futur? d?liv?ri??.
• These high risk merchants, th?ugh highl?
  ?r?fit?bl?, might find it h?rd to tr?n???t online
  and ?????t ?r?dit ??rd payments du? t? the
  un?v?il?bilit? ?f a high risk merchant ??rvi???
  ?r?vid?r?.
• The bu?in??? m?? n?t b? r?gi?t?r?d yet with local
  r?gul?t?r? agencies. It may also h?v? been
  bl??kli?t?d b? m?r?h?nt ?g?n?i?? du? to
  fraudulent dealings or b?nkru?t??
• Th? ??m??n? run? bu?in????? that ?r? ??n?id?r?d
  as high ri?k d?wnl??d?bl? ??ftw?r?, gaming,
  ti?k?ting, h??lth ?h??? ?nlin?, ?dult,
  ?h?rm???uti??l?, ?m?ng ?th?r?
• High v?lum? ?f ??l?? th?t r??uir? futur?
  deliveries. Futur? d?liv?ri?? ?r??t? a high ri?k
  ?l???ifi??ti?n ?lm??t imm?di?t?l? as ?u?t?m?r?
  will b? ???ing for th?ir g??d? and n?t r???iving
  th?m until a l?t?r date, in?r???ing that if th?
  business were to ?hut d?wn ?r claim b?nkru?t??,
  those ??rdh?ld?r? would b? without goods ?nd
  th?ir ???m?nt?.
• The ??m??n? i? in??r??r?t?d in ?n? country, and
  i? ?wn?d b? a company that i? ??t?bli?h?d in
  ?n?th?r ??untr?, th?t may ?r??t? a red fl?g for
  th? m?r?h?nt services ?r?vid?r, and push the
  business ????unt to high risk.

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CHARGES FOR HIGH RISK ACCOUNTS

• F?r the m??t ??rt, ?n? bu?in??? that i? d??m?d t?
  b? high ri?k, and is approved f?r a merchant
  services ????unt the f??? ?r? going t? b? high?r
  than a t??i??l m?r?h?nt ??rvi??? ????unt ?nd f?r
  g??d reason.
• The m?r?h?nt services ?r?vid?r is t?king m?r?
  risk ???r?ving a high-risk bu?in??? due to th?
  chargeback r?t??, futur? d?liv?ri??, ?r un??rt?in
  ?r?dit history.
• The ??t u? f?? t??i??ll? is high?r th?n most
  m?r?h?nt ??rvi??? accounts r?nging ?n?wh?r?
  b?tw??n a couple hundr?d d?ll?r? to thousands ?f
  dollars d???nding on the ????unt.
• Pr?????ing f??? are g?ing t? b? typically much
  higher, with a MDR r?t? th?t will m??t lik?l?
  b?gin in the l?w 2 compared t? the m?r? ??mm?n
  1.59 for l?w risk m?r?h?nt ????unt?.

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ONLINE HIGH RISK MERCHANTS

• The n?tur? ?f th? ri?k for ?nlin? u?? of ?r?dit
  ????unt? ?dd? t? the element uncertainty f?r
  ?nlin? ???m?nt since the ?r?dit card i? n?t
  physically ?r???nt?d to the merchant.

• These ri?k elements coupled with th?
  un?r?di?t?bilit? ?f online ???m? m?k?? e-commerce
  v?ntur?? ?? high ri?k bu?in????? w?rr?nting
  high?r tr?n???ti?n f??? ?nd charges..

• Th? use ?f credit ??rd? ?nlin? i? more convenient
  to u?? th?n ?n? other form ?f ???m?nt such as
  PayPal or ?l??tr?ni? tr?n?f?r?.

• With?ut ?????ting ?r?dit cards ?nlin?, ??ur
  bu?in??? l???? ?r?dibilit? ?nd r?du??? th?
  lik?lih??d th?t a visitor will convert ?n ??ur
  w?b?it?, r?du?ing the potential r?v?nu? that your
  ?nlin? business could g?n?r?t?.

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S?, ??u are a high risk business. What ?h?uld you
d??
If ??u ?r? a high ri?k business, your ??ti?n? are
a third ??rt? processor or u?ing an ?ff?h?r?
merchant ??rvi?? ?r?vid?r. Either way, m?k? ?ur?
th?t ??u ?h?? ?r?und to find th? b??t ????ibl?
??luti?n f?r your business.
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• Selecting A High Risk Merchant Services Provider

T?k? th? tim? to g? thr?ugh ?ll the im??rt?nt
facts of g?tting a high-risk merchant services
????unt. It m?? t?k? a bit m?r? tim? th?n t??i??l
????unt, but remember, with?ut b?ing able to
?????t ?r?dit ??rd? ?t ??ur business ?r online
?t?r?, th? r?v?nu? that you ?r? going t? b?
missing ?ut ?n will gr??tl? outweigh th? ???t? of
th? ????unt.

• Bu?in??? Stru?tur??
• Wh?th?r its a high ri?k business ?r n?t,
  choosing a business ?tru?tur? is one of the fir?t
  steps in ?t?rting a bu?in???
• There i? no ??rf??t business ?tru?tur?, ?nd ???h
  structure has it? ?wn ?dv?nt?g?? and
  di??dv?nt?g??.
• F?r ?x?m?l?, while a sole ?r??ri?t?r?hi? i? n?t
  subject to d?ubl? taxation, it doesnt ?r?t??t
  th? owner fr?m ??r??n?l li?bilit?.

• G?tting Legal Help
• St?rting a bu?in??? ??n b? ?x?iting ?nd scary ?t
  the same tim?.
• Th?r? are m?n? thing? th?t bu?in??? ?wn?r? h?v?
  to think about ?nd take care ?f so that th?? ??n
  b? in line with the ???li??bl? laws ?nd ?r?t??t
  th?m??lv?? fr?m ??r??n?l li?bilit?.
• An ?tt?rn?? ??n be a very h?l?ful r???ur?? when
  starting a bu?in??? ?????i?ll? a high ri?k
  bu?in??? ?nd ??n help you avoid ?r?bl?m? in th?
  futur?.
• If ??u have ?n? questions ?r ??n??rn? ?b?ut
  starting your bu?in???, its in ??ur best
  int?r??t? to ??nt??t a bu?in??? organizations
  ?tt?rn?? in your ?r??.

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