Are you offering some sort of services which comes under high risk businesses? If yes, you might be very uncertain about selecting the payment options for your business. There are many payment solutions to run your business. However, there are few solutions for high risk businesses. You’ve also found that getting approved to accept credit card payment is quite difficult. Many credit card processors do not accept high risk businesses. Also, those credit card processor who accept high risk merchants typically demands high application/up-front fees, high monthly fees, etc.
WHAT IS HIGH RISK MERCHANT?
High risk merchants are a service provider with a high risk of customer sales disputes. The high risk merchant account is an industry that is more prominent to chargebacks, fraud, and considered to be very risky by association. Many high risk merchant accounts are prohibited from accepting credit cards, based on visa and mastercard guidelines.
Services related to gambling, cryptocurrency trading, marijuana sales, certain types of supplements etc. fall under high risk merchant accounts. Moreover, if you are approved to accept credit card, you have to be careful not to get caught by many chargebacks. Credit card processing is very costly for high risk merchants.
HOW HIGH RISK ECHECK IS YOUR SAVIOUR?
If your service falls under high risk merchant account, we are here to help your business to grow.
QuadraPay offers ACH and high risk Echeck payment processing to your high risk businesses. You don’t have to wait for your credit card’s approval. If any other processors do not approve your high risk business, you can still apply for QuadraPay services. We provide our high risk echeck to high risk merchants at very low rates as compared to other processors. Now you can accept payment via Echeck and ACH processors.
WHY ECHECK AND ACH ARE BETTER FOR YOUR HIGH RISK BUSINESS?
The answer to your question is very simple. High risk echeck and ACH processing is fast and easy to get approved. It is very easy to get approval for every business regardless of what you are selling is legal. So, you can get it immediately without any hurdles. You can also
The setup process for high risk Echeck is not so costly as compared to credit card processors. There are no upfront application fees in ACH and echeck payment processing. There are very less monthly processing charges. Moreover, you are more guaranteed to get approved for high risk Echeck and ACH processing.