With our High-Risk Accounts, you are not forced to use your companies primary trading name – you can use something different.
For example, if you (the merchant) would like to have discreteness then you could use a support website as the descriptor (as long as the website is managed by you).
This is something you can decide upon after you are approved.
Probably yes, but it will not be over 5%. As is customary with high risk accounts you should expect to have a reserve account. Working with us, your rolling reserve will be held for between 4 to 6 months. Here is how they work. Out of each daily batch, 5% of the gross is set aside in a reserve account. On the 7th month the funds are released to you for the first month, on the 8th month for the second month, etc.
Applying for a merchant account is simple with HighRisk247 Inc.
Step1: Simply visit our application page: https://highrisk247.com/get-approved-now/ As soon as we receive your short application, we will review it and contact you by Skype. From there, we will work to quickly find you the absolute best possible solution for your business.
A payment gateway connects securely with a merchant’s web site to transmit credit card and debit card payment information for authorization and settlement through various credit card and payment networks.
With our Virtual Terminal, you can turn any device with an internet connection and a web browser (Desktop, Tablet, Laptop, Mobile Device) into a credit card payment terminal. A Virtual Terminal allows you to process secure, real-time credit card payments online.
We perform 85% of the underwriting process. For the most part, our competitors don’t perform any of the underwriting process. We have a very high approval rate and when we take on new clients, we do everything in our power in insure that they get approved!
Yes! Simply visit our application page: https://highrisk247.com/get-approved-now/ fill it out and allow one of our ETA Certified Payments Professionals to contact you through Skype to discuss your options.
ACH stands for Automated Clearing House and can also be referred to as EFT, or electronic funds transfer. ACH processing is a method of electronic payment where funds are transferred between bank accounts.
The majority of Americans have either a checking or savings account that can be used as a form of payment through the ACH network.
Although ACH processing is very similar to eChecks the payment source in ACH processing is different. With ACH, funds are transferred from one bank account to another by means of debiting or crediting the account; whereas, with an eCheck, the funds are originated via a one time payment using a check. Both payment methods utilize routing and account numbers.
An acquiring bank is a bank that is a registered member of the card brand associations Visa, MasterCard or American Express in order to provide businesses with the ability to accept credit cards, debit cards, and other forms non cash payments. An acquiring bank is responsible for maintaining a “merchant account” for any business that it allows to accept credit card payments. In doing so, acquiring banks assume the risk associated with the transactions they process and fund.
PCI compliance (or the PCI DSS) stands for Payment Card Industry Data Security Standards and are the series of Best Practices that all merchants are required to abide by. These standards were created by the PCI SSC (Securities Standards Council) which consists of the major card brands (Visa, MasterCard, Discover, American Express) and the card issuing banks. PCI DSS is an effort to help secure payments, protect consumers, and curb the negative effects that credit card fraud has on the economy.