You can have a great idea for a business you consider. Probably to offer the public a service or a product is a novelty. When you go to apply for your merchant account, however, know that you qualify for it more than you thought can be difficult.
A good credit history, collateral too, and with a proper business plan, there are some niches that only credit card processor "high risk" are considered.
Medicine
Any type of company that sell medical products online is labeled as "high risk." Because there are so many scam products that are sold in nature considered the medical people, the whole industry is painted with the brush risky. You are perfectly legitimate product to sell, but probably a much higher rate of pay as pharmaceuticals disputed, that those companies for the privilege of paying by credit card process will continue to pay more to sell.
Medical Marijuana
Not quite a drug still illegal in 36 states medical marijuana comes in a strange category. The situation is very difficult dispensaries merchant account to qualify for any kind of makes. Some credit card processing companies that are actively seeking medical marijuana businesses that need the services they are providing, and a company store to see if you want to accept offers of plastic.
Adult Entertainment
It is very easy to understand. While most forms of adult entertainment are legal, they are still a stigma attached. Visual images, a man buying an online watch movie, his wife sees the credit card bill and blame the question. He denies any knowledge of allegations and controversy to call charge. As the credit card company almost always side with customers, refunds will be issued. Talk about a business challenge.
Download Products
This software, movies, or gaming, these products also raise a high level of controversy. People are rarely complete description, get surprised by what they read, and refused to pay. Once again, the credit card "high risk" enterprises such as labeling and to charge more or refuse to provide the service processor leads.
Online gambling, auctions, credit services and dating sites as far riskier than the traditional businesses credit card processing business is concerned, is considered.
This is hardly a comprehensive list and if you find that you being turned down because their business model is considered more risky than most, you can improve your chances of qualifying to talk about representative Please. Their business plans, small changes in a separate attack, and you just automatically for any number of merchant accounts are being approved. Sufficient to change their plans also the dreaded "high risk" label and consequently may lead to additional costs without merit.
Tuesday, November 2, 2010
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