High Risk Merchant Accounts

Understanding the basics

Are you a business owner operating in a very high-risk industry? Have you ever faced challenges obtaining a merchant account because of the character of your business? Don’t worry! During this comprehensive guide, we’ll delve into high-risk merchant accounts, shedding light on their importance, application process, and the way to enhance your approval chances.

Read on to equip yourself with the knowledge you’d wish to navigate the complexities of high-risk merchant accounts successfully.

High Risk Merchant Accounts
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High Risk Merchant Accounts
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High Risk Merchant Accounts
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High Risk Merchant Accounts
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"I received quick, professional responses throughout"
Frazer Goodwillie
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What Are High-Risk Merchant Accounts?

What Are High-Risk Merchant Accounts?

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Applying for a high-risk merchant account requires thorough preparation and a spotlight on detail.

Here’s what you need to know:

Gather specific documentation: To use for a high-risk merchant account, you’ll typically need to be compelled to supply certain documents. These may include financial statements, processing history, tax returns, and other relevant business records. confirm that you’ve got these documents ready before beginning the appliance process.

Research and choose a reputable provider: Selecting a reliable high-risk merchant account provider is crucial. Look for an organisation that focuses on serving high-risk industries, features a proven high-risk history, and has positive customer reviews. Take the time to match providers and choose the one that aligns best together with your business needs.

Be transparent and communicate any risks: When applying, be transparent about any past chargebacks, fraud incidents, or other risks associated with your business. Open communication is vital for building trust with the provider and increasing your chances of approval.

Understand timeframes and plan accordingly: The approval process for high-risk merchant accounts may take longer compared to traditional accounts. Be prepared for potential delays and plan your business activities accordingly.

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The Importance Of High-Risk Merchant Accounts

The Importance Of High-Risk Merchant Accounts

see more

Applying for a high-risk merchant account requires thorough preparation and a spotlight on detail.

Here’s what you need to know:

Gather specific documentation: To use for a high-risk merchant account, you’ll typically need to be compelled to supply certain documents. These may include financial statements, processing history, tax returns, and other relevant business records. confirm that you’ve got these documents ready before beginning the appliance process.

Research and choose a reputable provider: Selecting a reliable high-risk merchant account provider is crucial. Look for an organisation that focuses on serving high-risk industries, features a proven high-risk history, and has positive customer reviews. Take the time to match providers and choose the one that aligns best together with your business needs.

Be transparent and communicate any risks: When applying, be transparent about any past chargebacks, fraud incidents, or other risks associated with your business. Open communication is vital for building trust with the provider and increasing your chances of approval.

Understand timeframes and plan accordingly: The approval process for high-risk merchant accounts may take longer compared to traditional accounts. Be prepared for potential delays and plan your business activities accordingly.

x close
Applying for a High-Risk Merchant Account

Applying for a High-Risk Merchant Account

see more

Applying for a high-risk merchant account requires thorough preparation and a spotlight on detail.

Here’s what you need to know:

Gather specific documentation: To use for a high-risk merchant account, you’ll typically need to be compelled to supply certain documents. These may include financial statements, processing history, tax returns, and other relevant business records. confirm that you’ve got these documents ready before beginning the appliance process.

Research and choose a reputable provider: Selecting a reliable high-risk merchant account provider is crucial. Look for an organisation that focuses on serving high-risk industries, features a proven high-risk history, and has positive customer reviews. Take the time to match providers and choose the one that aligns best together with your business needs.

Be transparent and communicate any risks: When applying, be transparent about any past chargebacks, fraud incidents, or other risks associated with your business. Open communication is vital for building trust with the provider and increasing your chances of approval.

Understand timeframes and plan accordingly: The approval process for high-risk merchant accounts may take longer compared to traditional accounts. Be prepared for potential delays and plan your business activities accordingly.

x close

FAQs

Commonly Asked Questions
What qualifies a business as high-risk?
Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts?
Why do High-risk businesses need specialised merchant accounts?
Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts?
What documents are required when applying for a high-risk merchant account?
Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts?
Do high-risk merchant accounts have higher fees compared to traditional accounts?
Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts?
Can I switch from a typical merchant account to a high-risk merchant account?
Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts?
How am I ready to reduce the danger and improve my chances of approval?
Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts? Why do High-risk businesses need specialised merchant accounts?

Secure Your High Risk Merchant Accounts

Get in touch to see how we can help

Securing a high-risk merchant account is critical for businesses operating in high-risk industries. It enables them to easily accept payments efficiently, access tailored solutions, and grow their revenue streams.

Understanding the basics, gathering the specified documentation, choosing a reputable provider, and being transparent in your application increase your chances of getting approved for a high-risk merchant account.

Contact us today to explore how we’ll assist you in obtaining a high-risk merchant account tailored to your business requirements.

High-Risk Merchant Accounts

Everything you need to know
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Testimonials

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Absolutely first class in every way.

Libby and the team at Merchant Advice Service are absolutely first class in every way. We have a furniture business and were let down by our existing payment processing company at a critical time for our business and without warning….

S.W James
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I would highly recommend using Merchant Advice Service

Libby helped us find a merchant account when i was having trouble finding one for myself. I would highly recommend using Merchnat Advice Service.

Gareth Page
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Forever my go to place for merchant advice

Superb service from Libby James. Forever my go to place for Merchant advice

Stephen Morris
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Understands clients needs accurately and goes for the bulls eye

Libby is very professional in her approach and simply a go getter. She understands clients needs accurately and goes for the bull eye. I am really happy with her services and would always recommend her for any of your payment…

Stephen D’Souza
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Super-helpful, very clear and supportive

We reached out to Merchant Advice Service when seeking a new payment partner, after multiple failed applications due to the sector we are in. Libby was super-helpful, very clear and supportive and we achieved a successful outcome. Top marks and…

Phil Gendall
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We were up and running very quickly. Highly recommended

Libby was a great help when we needed to set up a new merchant account. We were up and running very quickly. Highly recommended.

Jon Ruben
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I was contacted in a very professional manner

I was initially skeptical about the idea of a merchant advice service but was pleasantly surprised that I have not been bombarded with marketing and junk mail. I was contacted in a very professional manner which lead to a successful…

Steve Manderson
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The team worked hard to get our approval

The team worked hard to get our approval. COVID makes everything harder for everyone. And Merchant Advice Service persisted and gave the correct advice. Thank you PJ Brennan

PJ Brennan
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First class service

Very quick to respond and helped us find a provider for euro credit card payments from customers. First class service.

Lauren Barlow
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Solutions that can help save my online business

I contacted Merchant Advice Service because I needed an expedited merchant account due to issues with our ongoing provider. After talking to many merchant account operators, it was becoming apparent that this was not possible. I contacted Libby in the…

Lewis Adcock
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I received quick, professional responses throughout

We were struggling to get anywhere with finding merchant services for our business. I came across them and sent a message. I received quick, professional responses throughout and that has resulted in us getting sorted out.

Frazer Goodwillie
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Got our payment processing sorted where others failed

Great service, quick and professional responce. Libby and her team got our payment processing sorted where others failed. Highly recommended

Kevin Rowe
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