Handling High-Risk Merchant Accounts And Their Credit Card Transactions


Creating credit card merchant accounts:

Modern-day businesses have gone global, seeking international customers. In order to be competitive in the global market, it is important for merchants to have reliable credit card merchant accounts and processing solutions.
In order to accept credit card transactions, merchants should possess merchant account and payment gateways. Things that are required to get a merchant account are as follows,
  • Merchant should have a registered business
  • Valid business license
  • DBA and details of the shareholders
  • Active government records where the merchant is registered
  • The company and business should be legal
Merchant accounts are available only for businesses and sole proprietors. The payment processing companies will transfer the funds to the merchant business accounts after a few days of the transaction.
High-Risk Merchant Accounts:

A number of businesses that conduct overseas transactions require high-risk merchant accounts. These overseas merchants require high-risk processing solutions when they do not get accepted by regular processors. Some factors that creates trouble for merchants with their high-risk processing accounts are,
  • Bad credit scores
  • Startup businesses
  • Businesses that involve cross border transactions
  • High ticket size and items
  • High sales projections
  • High ratio between sales and chargeback etc.
The primary reason why businesses are required to have credit card processing accounts is to help merchants follow proper risk analysis steps and to follow proper underwriting guidelines.Though there are a number of online websites available with high-risk card processing, in reality, there are only a few acquirers that onboard high-risk merchants.

Final Words:

For regular businesses, the payout period is generally two to three working days. For high-risk businesses, this period can be a week or about 15 days. To reduce the instance of credit risk processors, the merchant should be able to accept an arrears clause. Payouts will be time-specific and generally takes between one to two weeks. All these issues will be sorted out by the high risk business processing companies.

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