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How to Avoid a High-Risk Merchant Account

The merchant industry is the leading merchant account provider in new york. Here you can learn how to avoid a high risk merchant account.

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How to Avoid a High-Risk Merchant Account

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  1. How to Avoid a High-Risk Merchant Account

  2. Avoid a High-Risk Merchant Account When you are signing up for a merchant account, you need to mention the average transaction and an estimated monthly volume. A High-Risk Merchant Account will completely differ from a traditional account. The numbers which you mentioned is for your actual processing reference.There are two ways to exceed these limits

  3. What is a High-Risk merchant account? Each merchant processing company will calculate risks differently. To consider your business under a high-risk category different criterion will play a significant role. In general, the risk is calculated in terms of fraud and chargebacks. More chargebacks will tend to be more risk. High-Risk credit card processing is just like fraud and chargeback on a transaction that a business process. As we already said each merchant processing companies will have a different style in handling high-risk merchants. If you process a large transaction or you exceed your monthly limit, you will be labelled under high-risk Merchant Account. If any batch out goes higher on a single day than a mentioned amount, it will be manually checked and move that account to High-risk category.

  4. Following factors come under the high-risk category

  5. High-Risk Merchant Account Category if your business has a minimum sales volume, make it round for higher processing rates in exchange for a minimum account fee. If you have a large sales volume, argue for lower processing rates in exchange for a higher account fee. This way you can confirm that your business is set up for success from the beginning, as it’s much harder to re-settle further down the road.

  6. How Chargebacks and High-Risk account are inter-related A chargeback is one of the important things to consider for categorizing merchant account under High-Risk. Each merchant processing companies will have a chargeback monitoring program. With that program, they will categorize the high-risk merchants who hold more chargebacks. An individual chargeback fee for a high-risk merchant is generally higher than the other merchants. While high-risk merchants should elevate their risk levels. They must also maintain their chargebacks effectively. However, by reducing your chargeback it is possible to reduce your risk level. Merchant Industry is a renowned Credit Card Processing Company in New York. It offers you a customized solution that must be able to accept challenges that vests with high-risk merchant account.

  7. Conclusion The process of setting up a high-risk merchant account is certainly a bumpy road. But if you follow these steps, you will be able to design the perfect solution to carry your business to profit.

  8. Thanks Website :www.merchantindustry.com Phone :+1(866)-811-1005 Email Id :info@merchantindustry.com

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