High Risk Card Processing for your Vitamin and Supplement Business
High Risk Credit Card Processing for your Vitamin and Supplement Business
Accepting High Risk Just Got Easy |
It is easy to understand why some businesses have a hard time setting up credit card processing accounts to sell products online. By not taking the appropriate steps to ensure customer service and satisfaction you risk your online business future.
First and foremost the main reason a business is dubbed high risk is due to what we in the industry call chargebacks. Chargebacks arise when a customer makes a purchase and something doesn't happen that they were promised. By definition here is what Visa Mastercard Etc consider a chargeback
- a demand by a credit-card provider for a retailer to make good the loss on a fraudulent or disputed transaction.
- (in business use) an act or policy of allocating the cost of an organization's centrally located resources to the individuals or departments that use them.Using this definition as a guideline if you are selling products or services online or in any manner for that case you better make sure you take care of your customers needs and expectations.Too many chargebacks raise a red flag and are grounds for having your card processing, merchant services account suspended.Of course the end result is you won't be able to accept payments online and sales will crease to exist.Avoiding chargebacks can be pretty simple. Sell quality products that your customers can count on the quality.Make sure the companies that manufacture your products do so under best practices guideleins.Don't get caught up in the hype of the moment. There have been many stories lately of comapnies using a certain TV doctors name without permission because he is reputable nad folks will buy products if he is perceived to endorse them.Contact your customers and offer them a reasonable refund solution This alone can usually stop the chargeback in it's tracks if your customer feels you are doing something to rectify the situation.Companies like Quantum Merchant Services that offer High Risk Credit Card Processing also offer high risk mitigation programs. These programs help you to manage these accounts and reduce the risk of chargebacks.Again to recap,2. Respond to customers quickly to keep them from going to their bank to initiate a chargeback.3. Publish your return policy and any product or shipping guarantees online.These simple steps are the beginning of a safe and secure way thru the chargeback worldQuantum Merchant Services is an A+ rated company offering credit card processing for Low and High Risk Companies. They do business with over 1000 companies nationwide and can handle the smallest to largest companies processing needs. if you are in need of a credit card processing account contact Rob or Josh today for a professional overview of your situationQuantum Merchant Services7300 Hudson Blvd NSuite 255Oakdale Mn 551281-800-815-3123 ext 302 or 707
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