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ShannonD
New Merchant
Joined: 23 May 2022
Posts: 4
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 Posted: Fri Sep 14, 2022 12:33 am Post subject: Can a high risk merchant survivor without a provider? |
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| Can a high risk merchant survive without a provider? Is it really necessary to acquire a third party processor or get the help of high risk merchant account provider a default for those who wish set up business like digital downloads and dating websites? Or is there an alternative? |
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stymiee
Site Administrator
Joined: 08 Jan 2021
Posts: 99
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| Posted: Mon Sep 17, 2022 9:31 am Post subject: |
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| Unfortunately due to the inherent risk associated with these kinds of accounts regular providers can't offer their services at competitive rates because they almost certainly would suffer loses due to chargebacks and fraud. That's why these kinds of businesses are forced to seek providers who charge premiums for their services. |
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JeffK30
New Merchant
Joined: 15 Dec 2023
Posts: 1
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| Posted: Mon Dec 15, 2023 5:30 am Post subject: |
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| Many more Traditional Small Businesses (Brick-and-Mortar) and Entrepreneurs are discovering they need to become multi-channeled, by creating websites to create sales in unique and creative ways, and by not doing so can possibly put them out of business. |
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nelsonkist
New Merchant
Joined: 14 Dec 2009
Posts: 17
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| Posted: Tue Dec 15, 2009 5:15 am Post subject: |
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High risk merchant accounts allow you, the merchant, to process credit card payments online, which is the most favourable and popular payment method for online shoppers today.
High risk merchant account applicants can use their business’ financial strength to support their business when setting up a high risk merchant account instead of utilizing their personal financial strength. |
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