High risk merchant account instant approval| 5 star processing - PowerPoint PPT Presentation

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High risk merchant account instant approval| 5 star processing

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A high-risk merchant account is a payment processing account for business considered to be of high risk to the bank. In reality, the instant approval for any type of merchant services account is that it always takes longer to obtains final approval for high-risk merchant account than it works does for low-risk business. In most instances, traditional low-risk businesses approve within one or two days. but the high-risk merchant account take requires a minimum of three to five day some time its take several weeks to be approved. Because approving a high-risk business requires a more extensive investigation credit history of both the business and business owner. You have to submit your documentation and wait for some time for this process to complete for low-risk business – PowerPoint PPT presentation

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Provided by: vipul539
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Title: High risk merchant account instant approval| 5 star processing


1
High Risk Merchant Account Instant Approval
  • Does your business in high risk and want to high
    risk merchant account instant approval? If yes,
    then get to done easily with the help of our
    services to give high risk merchant account
    instant approval .

2
Get high risk merchant account instant approval.
  • Nowadays just about every serious business can
    accept card from its customer. It is the most
    important ways for you to connect with your
    customer base and by now , it has become an
    almost expected thing to get high risk merchant
    account instant approval
  • So you are looking for merchant account to
    process credit card transactions for your
    business. Hence ,you've hit a snag somewhere
    along the line as a high risk merchant for reason
    or another. if you are not sure about your
    business, your business would be a high risk
    business  worldwide

3
Easy Guidelines to Getting Approved For High Risk
Merchant Account Instant.
  • Do research
  • Do your research running a business that's
    operating in what's a high risk industry requires
    more thoughtful planning to be successful. Keep
    your merchant account alive finding the source
    for merchant account .
  • Keeping your account open is much easier once you
    know the common pitfalls to avoid,

4
  • Check company status
  • Looking for a credit card processing company
    ,check review and read through their site to see
    if they truly support your industry or not. also
    check they have experience with high risk
    merchant ,which will protect your business from
    overpriced processing rates. also , it saves your
    time without having wasted weeks waiting for
    approval from inexperienced provider

5
Find Right Processor
  • Now you can being the process of finding a
    proper one. The services provider or processing
    partner you choose will make all the difference.
    This will happen when it comes to your businesss
    success in payment processing . Find the right
    partner is drastically more impactful for high
    risk business than with any company you know in
    the low risk industry. This is because of how
    the approval process work when a payment
    processor consider approval for a merchant
    account

6
Merchant provide patership with other banks
  • You will be dependent on one person who is their
    processing bank. The bank that a merchant
    services provider partnered with handles high
    risk account for certain industries. They are
    only high risk solution or check do they have
    partnership that give them access to other banks

7
Meet with requirement
  • Ask them what are the requirement I need to meet
    to get an account open, this will vary by
    industry but it can include additional supporting
    document or removal of restricted product image
    and wording from your website how long is
    approval process.

8
Time for approving
  • In reality most industries take a minimum of 2004
    hour well some high risk industries take up to
    5 days. If you open an account what is the
    monthly processing captain will there be any
    reserve on your funds? Therefore this practice
    of restriction is by he bank to protect
    themselves from fraudulent account and
    chargebacks?

9
Payment processing requirement
  • Do your currently process credit card ? What is
    your monthly valume?
  • What is your average ticket amount
  • How long have you been in business?
  • But with high risk merchant they will also ask
    what is your charge back percentage?
  • Have you had a merchant account shut down before ?

10
  • Thank you
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