High Risk Merchant Account Providers for Tech support
High Risk Merchant Account Providers
High Risk Merchant Account Providers for Tech support businesses are becoming very aggressive these days in terms of on boarding startup Merchants.
These Tech support merchant account providers are mostly are located in Eastern Europe and Asia. These merchant account providers do offer credit card processing for Tech support, SEO companies, Internet marketing companies, Web hosting and web design companies.
High Risk Merchant Account Providers for Tech support – Onboarding Process
The onboarding process is very simple. It starts with the application submission. The underwriting team looks at the application and identifies if there any challenges in onboarding the merchant. This underwriting process takes 5 to 7 business days. Once the account is approved the merchant can integrate the payment platform using API. Once the API is integrated to the website they are all set and can start accepting transactions from the website.
There are 2 most popular Tech Support Merchant Account Types
High-risk credit card merchant account
High-Risk Echeck Processing
Both options can be used by merchants offering services in the United States of America. Merchants that offer services outside the United States of America can only use Credit Card processing option.
The Merchant location can be anywhere except few countries. Startup Merchant from India USA, UK, Australia, Canada, New Zealand. Bangladesh, Pakistan, Nepal, Philippines, Laos Indonesia, Philippines, Singapore can apply can also apply.
Transaction Rates for High Risk Merchant Account Providers
The typical rates for echeck processing ranges from 7% to 15%
Echeck offers faster payout and lower rates. The dispute period is lesser when compared to credit card processing.
The transaction rate for Credit Card processing can range from 5% to 25% depending upon the industry type and the risk profile of the merchant.
The rate of transaction varies depending upon the total level of risk involved in onboarding the merchant.