Payment Guru : High Risk Merchant Account & Payment Gateway

Certain banks view certain kinds of companies as high-risk, and even fear negative publicity for these types of businesses. A few of these are travel merchant accounts such as pharmacy merchant accounts for telemarketing and Internet merchant accounts. These kinds of businesses are typically denied an account for merchants or subject to a high and exorbitant cost due to the high risk classification. This is why some merchants prefer to get a high-risk offshore merchant account as banks onshore may not offer the facilities needed to establish a merchant account to process credit cards. Offshore banks first evaluate the nature and potential of the business of the person who wants to create a merchant account through them. The risk is assessed in light of the possibility of over-chargebacks, return charges and potential legal violations in the sale of specific types of products or services, and financial liabilities for the bank. The ability to accept payments in different currencies ca...

An offshore merchant account is a good option if your business is located overseas. If you are deemed unsuitable by US banks or processors, an offshore merchant account can help you to finance your business. While an offshore merchant account typically has higher processing rates and longer holdback periods, it requires deposits. An Offshore Merchant Account: The Benefits You will be able to enjoy the many benefits of an offshore merchant account once you have one. You will enjoy easy access, credit card processing , and lower taxes. While having your business overseas is a great advantage, it is crucial to be careful about who you choose to do business with. Take Note of "Unbelievable" Offshore Merchant Account offers When you have difficulty getting an account at other banks, some offshore merchant account providers may offer you a great deal. Keep an eye out for scams. Many companies will try to convince you to open an offshore merchant bank account. However, they only w...

Certain banks view certain kinds of companies as high-risk, and even be concerned about negative publicity from these types of businesses. These include pharmacist merchant accounts and telemarketing accounts as well as an Internet merchant account. These types of companies are usually denied the merchant account or being charged a hefty charge due to their high-risk classification. In the end, businesses may choose to open an offshore high-risk merchant account since the banks onshore may not offer facilities to establish accounts for processing credit cards. Offshore banks initially assess the possibility and nature of business operations of the person who is applying to establish a merchant account with them. The risk is assessed in light of the possibility of over-chargebacks, return charges and potential legal violations in the sale of specific types of products or services and the financial liabilities that the bank may incur. The ability to accept payments in different currenc...