What are High Risk Businesses?

You are most likely wondering what a high risk business is. if you arrived on this page. This is a term that you can find very often in the financial world and it does bring in front quite a lot of challenge even for the industry professionals. We are here to eliminate the shroud and offer you a great solution!

One thing you need to know is that high risk businesses are operating within a high risk industry most of the time. The industry doesn’t have lots of customers or it has plenty of competition and its sales and dwindling to say the least. You will also see that most of the high risk businesses have financial troubles, with various problems like company viability and the inability to get financing, merchant accounts and so on.

Yes, a high risk business will have a hard time getting a merchant account, although there are high risk merchant accounts that can be acquired at times. It’s important to note that such a business can have a hard time getting online payments just because acquiring a merchant account is quite demanding. The high risk factors included here are a large number of chargebacks, refunds and so on, credit card fraud as well as companies that have a very high number of non-fatal or even fatal accidents to begin with.

Moreover, there are businesses that don’t comply with the regulations and requirements requested by the local law. This is very important and it does bring in quite a lot of trouble to begin with.

Since a business is seen as a high risk one, it does have to deal with plenty of consequences. The first one would obviously be dealing with a very high loan rate. This is very challenging and many times it can be quite problematic to begin with.

Of course, working with a high risk business doesn’t bode well even for some major companies as well, which is very challenging for sure. It might be very problematic at first, so you should just try and avoid that to begin with. Yes, it will be problematic to deal with this type of business because not that many want to focus on working with companies that are in debt. This doesn’t really seem to bring in front a lot of trust and that’s why most high risk businesses tend to be avoided. They also tend to have a bad reputation in the industry and that can hamper their potential partners to begin with.

Plus, you won’t be able to get a merchant account which is even worse to say the least. All of these combined do show that high risk businesses will have quite a challenge when it comes to finding good partners and working with them in the long run. It will not be easy for sure, but that’s the reason why you have to eliminate debt and focus on optimizing everything. Yes it will be challenging but it can be very rewarding too!

Safe and Secure Merchant Account for Timeshares

Nowadays popularity of timeshares is increasing. People love to travel and if there is a good investment then they don’t want to miss it. Whether you want to rent or sell your timeshare on a website, your first priority should be to offer online payment service. You should offer a timely, affordable, and hassle free process so that you can sell your property on huge profit. Here is how Merchant Stronghold can offer you online payment services for these and more:

• Resale, rentals, and classified services
• Attorney based timeshare services
• Reseller clubs and tour operators
• Timeshare Marketing and advertising companies
• Ideal for people looking for multiple payment methods
• Both offshore and domestic merchant services
• High volume transactions and approvals

Merchant account for Timeshares Business

Timeshares business offers various types of packages, vacation rentals, and airfares. It is considered as high risking business because credit card processing is high trafficked. The transactions also occur via phone and internet, and customers complain about services a lot. It takes a lot of time from booking to receiving, and because of it disputes are common. Few years back, timeshares merchants weren’t offered credit card processing because of frequent cancellations and refunds. Now merchant account providers are able to take the risk, but travel and related business must keep terms and conditions clear.

Credit card fees and charges

There are various fees associated with transactions, mostly depend on customer’s card and type of transaction. Cards such as American express, debit, credit card, and type of business are the key factors. Banks don’t want chargebacks because these cost money so they monitor timeshares business closely. Merchants must check best processing rates and look for an online merchant account that offers high processing limit. Those timeshares businesses with chargeback rate of more than 1% are denied accounts. You should look for merchant account that offers tools to reduce risk of chargebacks.

Trustworthy Merchant account provider

Timeshares business should seek a merchant account that is trustworthy and offer best rates. There are many strategies that can help you lower chargebacks. Effective sales and marketing methods, direct processing, and keeping records can reduce the risk.

Merchant stronghold is familiar with many credit card processors and scenarios. We offer low rates to our timeshares business owners so that they can process credit cards without having to follow bank to bank approval. We can help you by finding credit card processors best suited for your terms, conditions, and rates. Before providing you services, we inform you of advantages and disadvantages so that you are aware of possible risks and benefits. We work with businesses and individuals so that they can get best solution. Merchant stronghold provides education so that you are satisfied with the outcome.

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Premium Merchant Services for Consulting or Advice Business

Merchant Services those for consulting or Advice business are pretty hard to find. Checkout Amazing benefits that we are offering to merchants.

Consulting businesses have been using merchant services for more than 15 years with soundness and safety. These days, there are more than one payment options that are bringing customers from around the world. Payment options play important part in increasing popularity of an Advice and consulting business.A flexible payment system is among factors that decide success of a business. There are variety of solutions available that can protect business from frauds and make it secure.

Merchant stronghold offers you the control that your business needs to climb up. We provide reliable and secure architectures so that you get premium security and low fees. There are many payment solutions,you can choose from payment types that are much familiar to your users. It doesn’t matter whether your customers are in Europe, Canada, America, or United Kingdom. Our merchant services are capable of accepting payments from anywhere in the world.

BENEFITS OF OUR MERCHANT SERVICES

Payment Processing:

Your business can accept cards, securely and affordably. We believe that merchant services should be low cost, simple, and transparent. Merchant Stronghold provides these services with no hidden fees.

Point of Sale:

We have changed the way point of sale works. There are no additional costs, everything that you select comes with warranty, support, and upgrades. We can reduce operational cost and increase customer satisfaction.

Business Financing:

With a simple and reliable application, you can provide quality services to your clients. We offer most advance and compelling financing offers so that your business benefits you.

Business tools:

Best payment solution will be at your service. You can collect data and analyze it to gain more profit. Everything that a business needs to succeed is integrated in one portal.

Why you should select us?

• Modern technology and equipment
• 24/7 support service for merchants
• Low rates with premium service
• No hidden charges
• No harmful commitments

Merchant Stronghold believes that your consulting business can be directed towards right direction. We stand with merchants- so that they can enhance business with fair and honest practices. Business is not just about earning money, it is about making customers happy.

Our merchant services can deliver premium services not only to business owners but their customers as well. We don’t keep anything from our clients as we make sure that business owners are proud to offer credit card processing on their website.

MERCHANT STRONGHOLD SERVICES INCLUDE:

Credit and Debit card processing:

Some people use credit card for shopping and others use debit card, so having both the options will expand your domain.

Latest Technologies:

One of the most important points is to have technology efficient website to grow your business. We offer affordable solution that includes EMV chip card terminals and point of sale.

EMV Chip Card:

This technology can protect your business from possible frauds. Contact us and we will explain it in detail.

PCI DSS Security:

It is important for business to comply with PCI security standard. We can maintain it for your business.

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