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Rapid Financial Solutions
  • Home
  • About
    • About Page
    • Mission Statement
    • Testimonials
    • Jobs
    • Make Money Online
  • What We Do
    • Financial Services
    • Merchant Accounts
    • Fraud and Chargeback Prevention
    • Business Loans
    • Increase Revenue for Your Business
    • Learn about the Merchant Account Industry
    • Europe Company Registration
  • Blog
    • Business Tips
    • Business Attributes
    • Merchant Accounts
    • Business Loans
    • Computer Tips
    • eWallet Solutions
  • Contact Us
    • Connect with Us on Social Media
    • Partner with Us
January 10, 2020January 20, 2016 by Rapid Financial Solutions
 
              

 

Are you looking for a High Risk Merchant Service for your High Risk Business?

Merchant AccountsA proper High Risk Merchant Service takes years of expertise in the merchant services industry.

While banks mail out credit card offers to consumers on a daily basis, that isn’t the same thing as a High Risk Merchant Account.

Also, when you are looking for a merchant account that is high risk, it’s not the same as a low risk merchant account where the agent can give you what’s called the “book rate.”

Any agent that tells you what you will be paying in regards to your High Risk Merchant Service before even going through the process with you isn’t being honest with you, or the agent doesn’t know what they are doing.

Talk to a Knowledgeable Honest Agent Today!

If you’re new to business and aren’t quite sure what a high risk merchant account even is, it’s pretty simple. Merchant accounts are the types of accounts necessary for accepting credit card payments from your customers.

While PayPal can be easy to set up, it isn’t a real merchant account, it’s actually called a wallet.

Also, Pay Pal doesn’t take most high risk businesses.

Even if you are able to open the Pay Pal account, once they realize your business is high risk, they will shut your account and most probably seize your money.

The same thing happens with many high risk businesses that start with a Stripe account.

If you really want to look like a professional business, eventually you’ll want to get a high risk merchant service from a processor that has no issues with your line of business.

Also keep in mind that while some well-established businesses in certain industries can get a merchant account from most processors, they aren’t you. You are operating in a high risk industry, which means you need a specialist within the High Risk Merchant Service area.

When you find the right merchant services agent for you, getting a merchant account will be as fast and painless as possible.

 

Talk to a Specialized High Risk Merchant Service Agent Today!

 

High risk industries can be anything from bail bondsman, collection agencies, a business selling digital products such as ebooks, music, videos, video games, etc., to selling supplements (nutra), the adult industry or selling CBD oil.

Understand that finding out the exact rates you will be paying for your merchant account, you’ll need to go through the process, which means you providing a lot of information about your company and you personally.

This is not because underwriters are trying to be difficult; it’s because they have risk analysis standards they use to calculate rates, so in order to give you rates, they need all the relevant information to evaluate your creditworthiness and risk level.

With every company and business owner, the specifics of what they look for are different, but some of the same things underwriters will definitely take into consideration are:

  • Your credit history (credit score)
  • How much capital you have in your corporate bank account.

Essentially a merchant account is no different than a loan.

The underwriter is agreeing to stand behind your business in the event of a chargeback or multiple chargebacks. They are also trusting you won’t commit fraud by running fake transactions through your merchant account.

This why underwriters want the necessary information to figure out if your business is likely to get a lot of chargebacks and if you have the good credit and reputation to deal with them.

In order for them to figure out how likely it is that chargebacks will occur, underwriters will want to know specifics about how you run your business and see what’s written on your site.

Things like:

  • Your terms and conditions page
  • Your privacy policy page
  • Your refund policy
  • What are customers saying about your business online
  • Do you have a clean record
  • Are you on the TMF list

Once they have evaluated that, then they can give you a high risk merchant account quote.

It’s important that you have a professional looking website that functions properly, has proper contact information, makes it easy to see what a person is buying and what they need to click on to buy.

If your site looks like it was thrown together by your 10-year-old, underwriters might think twice about agreeing to stand behind your business.

A badly designed site makes it appear that a business owner doesn’t actually know how to run a business and might be at a higher risk for fraud, incompetence, and chargebacks. It can still be possible to get a high risk merchant account in those circumstances, but it is likely that the rates will be higher.

Again, that’s not to say that starting a merchant account can’t be done if you have one or more flags for being a high risk client – it just means that you need to find the right agent to help you, and you need to provide the right information to get the most accurate and most favorable rate quote.

Being an efficient accommodating business owner who makes changes to the website and gets us the proper paperwork quickly goes a long way in Rapid Financial Solutions helping you get your high risk merchant account so your business can get to the next level.

 

Pre-Apply in 3 Minutes!

 

 
              
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Michelle always takes the time to answer my questions in detail

I have been working together with Michelle from RapidFinancialsSolutions now for over a year and it has been exactly what I needed. Michelle always takes the time to answer my
…
I have been working together with Michelle from RapidFinancialsSolutions now for over a year and it has been exactly what I needed.
Michelle always takes the time to answer my questions in detail. She also always thinks along in the process and comes up with detailed solutions. For me, finding a good payment provider was always a headache and Michelle made this a lot easier.
I can definitely recommend working together with RapidFinancialsSolutions!
 

Read more “Michelle always takes the time to answer my questions in detail”

Emmanuel
asistentecertificado.com/
https://asistentecertificado.com/

Hired Rapid Financial Solutions as Our Merchant Account Manager

Hired Rapid Financial Solutions as Our Merchant Account Manager
Merchant Account Consultant

  1. Noticed issues with chargeback prevention service.
  2. Found 2 better chargeback prevention services.
  3. Signed me up several merchant accounts
  4. Managed all parts of the Merchant Account Department
  5. Managed all other merchant account agents
  6. Managed the communication between the processors or banks.
  7. Managed and analyzed work relating to the chargebacks and managed communications with the chargeback alert company
  8. Worked with customer service department regarding refunds.

Read more “Hired Rapid Financial Solutions as Our Merchant Account Manager”

George Rivera
2X Media Group
http://2xmediageoup.com/

Video Testimonial for Rapid Financial Solutions

Read more “Video Testimonial for Rapid Financial Solutions”

I had many questions and Michelle patiently listened and answered all of them.

I had many questions and Michelle patiently listened and answered all of them.

I am a young entrepreneur with a promising business that was nearly derailed by the insanity that is the credit card processing industry. After hunting for months for a viable processor with no luck, I chanced upon a forum that recommended giving Michelle from Rapid Financial Solutions a call. I called Michelle and explained my trouble finding a viable processor to work with. She immediately went to work finding me a solution and within 2 weeks I was approved for processing. The applications and contracts were somewhat paperwork intensive and as a lawyer I felt the need to read through all of it. I had many questions and Michelle patiently listened and answered all of them. I am grateful to have found Michelle and wish other people would provide the same level of customer service.

 

Sincerely,

 

Grateful Client

Read more “I had many questions and Michelle patiently listened and answered all of them.”

You are very good at what you do and we were lucky to have you putting out so much effort to help us in our fledgling business.

You are very good at what you do and we were lucky to have you putting out so much effort to help us in our fledgling business.

Hi Michelle,

I wanted you to know how very much I appreciated your knowledge of your industry and your professionalism while we were in negotiations.  I appreciated all you did to ensure that I had a clear understanding of the company and its terms.  You are very good at what you do and we were lucky to have you putting out so much effort to help us in our fledgling business.  Good luck with your future ventures.

Read more “You are very good at what you do and we were lucky to have you putting out so much effort to help us in our fledgling business.”

Beverley A. Gallimore
Americans Tech LLC
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