High Risk Credit Card Processing and Your E-Commerce Account

High Risk Credit Card Processing and Your E-Commerce Account

High Risk Credit Card Processing

So you are thinking of jumping into the online marketing game. Find a product to sell maybe it's one you have always dreamed about manufacturing. Now it's time to bring that great idea to the masses.

So you start by building the perfect website easy to navigate great information and of course your wonderful product.

After that step it's time to make sure you can be found online so you hire a marketing company to promote your site. Easy enough there are plenty of them around. But you are still missing a piece to the puzzle.Oh yeah that's it, how are customers going to pay for my products? I could just have them send me checks or money orders and ship the products once the funds clear, but that's not really efficient and it's not how the major online sellers work.

You think long and hard and one common denominator comes to mind, they all accept credit cards yes you hit it on the head you need to set up an account to accept credit cards. Sounds easy enough right everyone else is accepting cards I will just open an account and stick the logos on my site. Bang I 'm back in business.
Except depending on what that fabulous idea of yours is it may take a bit more than that.


First off you can't just call visa and mastercard and fill out an application. You need a ISO or independent sales organization for that visa and mastercard do not set up accounts they rely on ISO's to handle all that for them. So not a problem you locate a company in your area and start the process. But now wait the product you are going to sell is considered one that may have a high rate of returns or chargebacks, that's not good. Your ISO calls to tell you this info and now you are in need of a merchant account in the high risk area.

High Risk Credit Card Processing | High Risk Card Processing | High Risk Merchant Accounts
High Risk Card Acceptance Solutions
High risk simply means accounts that have a high probability of chargebacks. Your card processing company may want you create a reserve, or they may hold back your funds until all transactions are cleared, before you get paid. In either case your dreams are still alive of being the next great online entreprenuer you just have a few more hoops to jump thru.

Quantum Merchant Services
7300 Hudson Blvd N
Suite 255
Oakdale, MN 55128


High Risk Credit Card Processing | High Risk Card Processing | High Risk Merchant Accounts

Comments

Post a Comment

Popular posts from this blog

Clover POS Business Card Processing Solutions

Image
When is it time for a complete Point of Sale System like Clover? Point of sale system means different things to different people: it can be a glorified cash register, or an integrated system that joins sales, inventory, purchasing, and bookkeeping. If your business is still running on an old-fashioned cash register, odds are you could benefit from moving to a point of sale, or POS, system. A POS system is that it must work for you. It must meet your businesses needs and budget.  Most computerized POS systems today will have the following hardware A computer and screen, can be a touch screen if you are in the hospitality market Scanner Receipt Printer Cash Drawer Some newer system such as the Clover POS system come with apps that make it easy to build a system customized to your particular business. There are also other questions you can ask yourself such as: 1. Will the system grow with your business. 2. Are there different module that will need to be purc...
Read more

Card Processing Trends 2017

Image
Card Processing Trends 2017 Are we slowly moving into a cashless society? Some of the current and future trends may be pointing to yes.  Debit and credit card usage is up as well as the use of cryptocurrencies such as bit coin. At the time of this writing there are over 3 dozen (36) new cryptocurrencies currently trying to carve out an e payment niche.   Several different forms of electronic payments are slowly making it into the mainstream. Mobile Wallet usage such as Google Wallet, Samsung Pay, Apple Pay are also taking a slight chunk out of the pay with cash market. Why these different payment options are becoming popular is both simple and difficult to answer. On the easy side convenience and security.  Mobile wallets are primarily based on a device you more than likely always have with you, your phone. When utilizing your phone for mobile wallet payments you enjoy more encryption that is designed to keep your data safe. With sta...
Read more

Credit Card Processing Companies and Security.

Image
Are you considering changing card processing companies or adding credit card payments to your business?   In today's business environments most payments for goods and services are performed thru credit and debit card transactions.     To guarantee that these card transactions take place efficiently businesses seek out companies called payment processors or credit card processing companies. The job of a card processing company is to keep track of all payments made to a business thru debit and credit cards. When you are seeking out a company to replace your existing company or starting out for the first time with a new business there are a few points you must take under consideration. There are many ways to accept credit and debit cards but there are ways to guarantee you get a good company that will offer low fees and competent service. With all we know about identity theft and security breaches the one thing you want to know is how are yo...
Read more