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Message Board >
Can One Find a Cheap Merchant Account?
Can One Find a Cheap Merchant Account?
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cramerjohn004
94 posts
Oct 18, 2022
2:05 PM
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If you are applying for a high risk merchant account, merchants are hanging by the thread due to the fact that there is no concise information to why high volume merchant account providers reject most of the applications. Merchants need a way in accepting credit cards online and there is no other way to do it than signing up for such accounts. It is either they are too lazy, or they do not provide a standard customer service for these kinds of services. When a merchant has submitted an application, the merchant account provider will discuss the terms and conditions like the merchant cannot receive payment for almost several months or the merchant is not approved due to their marketing plan. The worst case is the merchant is never approved, and they lose money even before they earn it. Another annoying thing about high risk merchant application is that the process of merchant account providers will take a very long time before it gets approved. This is because the provider assess the business first and checks the rate of fraud or track backs that can happen in the high risk merchant. Also, you spend more fees compared to a regular merchant account.
However, it is not too late to try. When you really need a way in accepting credit cards, you have no choice but to apply for a high risk account. Before you try one, let me give you some quick tips to get you approved in a high volume merchant North American Bancard ISO Program account. First consider that when you are offering an offshore services, your high risk account application is likely to be declined than accepted since there are so many offshore scam services online. Next is to check your credit rating, your credit rating will determine if your account will be approved or not.
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