Introducing the problem: High-Risk Merchant
The business person who wants to keep and upgrade their business must understand that modern society requires the usage of Internet. You will have to take your company online sooner or later. Sooner would be better because then you will be one step ahead of your competition. There is a new problem to deal with when it comes to getting your business online. Here is a list of businesses that will have to deal with “High-risk” label:
• Financial Services
• Travel and Hospitality
• Health and Fitness
• Legal Services
If your business is on the list, then you will have to deal with high-risk status. This can be a real problem if it’s not dealt with properly and we are here to help you with that.
The Reason for High-Risk solution
The business you’re leading can be impeccable, but that doesn’t matter. Many others before you have conducted various types of mischief. Because of that, any business of that type is by default a high-risk one. The real problem is that you won’t be able to set up a payment processor. We can provide you with that. Setting up this processor is very important because you will then be able to receive payments via the Internet. This means you can precede your limits and work on a global scale. Being able to work with the whole world can help you to advance further even faster.
Another great thing is that you can also set up a credit card payment processor. When you’re able to receive payments from your customers like this, you can be 100% sure that you will experience a vivid increase in profit.
Next problem that needs to be resolved is the rate of chargebacks you get. Since your business is on the list, you are going to be in great trouble when it comes to dealing with chargebacks. All of the high-risk merchants have this problem, and we specialise in dealing with it. In no time, we will keep the rate of chargeback under the desired 2%. If you’re into Travel business, then a problem for you will be keeping all of the essential information about the payments. This way you will be able to prove for what your customers have paid, and never give them back a dime. We can take care of that for you, and you will be able to focus on more important things such as upgrading your business and so on.
Another thing is that bank will not be willing to work with you if you have a high rate of chargebacks. A lot of chargebacks means that there is some kind of credit card frauds, and banks want no part of it because they can’t risk their businesses as well.
In the End
To sum things up, this is just one of many problems which Internet brings. You will have to work on your security as well. But, when you see how much you can benefit from working online you will never regret it. We are here to help you use the Internet at full extent.