Merchant Services Account

High Risk Credit Card Processing

Accounts for high-risk merchants are representative of the category of credit card processing with which banks and processors are simply not interested in doing business. The High-Risk criterion could be because the potential trader has bad credit, but most likely it is attributable to a business segment for which the financial institution does not want to participate.

The cost structure for high-risk businesses usually requires a surcharge to compensate for the anticipated loss of related transactions. This means that regardless of the merchant account type (average amount, monthly volume, etc.), the fee structure and cost per transaction will be higher.

What to Know About High Risk Credit Card Processing.

Each processor defines risk differently for different types of business. For example, a trader who has been rejected by a processor may be considered, welcomed, and accepted by another.

Other potential merchants may have been rejected for the incremental risk of fraudulent charges. In contrast, there are businesses that may have less risk, but perhaps the nature of the business is inconsistent with moral values. Examples include gambling business for profit – virtual casinos, or adult entertainment, and so on.

Some processors may consider home-based businesses in this type of category (high risk).
There are also accounts for not-so-obvious high-risk merchants such as web-pagers, naturist homes, credit repair businesses, travel agencies, weight loss systems, sales pyramids, mortgage modifications that are subject to higher rates.

How to get a High-Risk Merchant Account ?

You could look for an entity outside the country that is willing to finance its transactions, but without regulation and supervision this prospect to consider still seems more risky. Alternatively, you might consider a variety of processors who take advantage of this opportunity to charge you fees that are considered “abusive.” What you need is a processor with a strong reputation and learning how to navigate the process of needs for a high-risk trader and Processing Network Solution is your partner!

At Processing Network Solution, we evaluate each application on its own merits based on a number of risk variables. Like any suggested trading account solution, the most successful solution is based on a detailed assessment of the trader’s needs. Call us when you have time and give us the opportunity to consider what our premium services will provide you with.

Transfer Through Interchange (PNS Plus)

The rates for most small businesses that require a three tier structure, which are comprised of a variety of fees. Each of these fees is categorized as “qualified,” “mid-qualified,” and “non-qualified.” This represents what the merchant pays in surcharges. Large businesses do not have this tariff structure. They simply pay a fixed fee called Transfer Through Exchange also known as “PNS Plus”, which offers you the most economical option available.

These rates are offered by the immense volume that the merchant processes with the bank. It is similar to the aggressive price structure that a company pays for insurance contributed to its employees. If the risk is spread among several, better prices can be negotiated. In this case, Customers handling Interchange Plus pay a fixed fee in addition to the cost per published processing.

However, it is not necessary to have a giant company to take advantage of our low-cost structure. Our Merchant accounts at Processing Network Solution can be an option for small businesses. In certain cases, the processor could apply a fixed cost above the base price. In others, it is possible for several small businesses to “get together” to get competitive prices from large companies. What you need, in this case, is a merchant processor that understands the process and manages to get you the best available rates.

Do your business qualify for PNS merchant account?

Let’s talk and find the best solution based on your needs and current situation. The best thing you can do is let us know that you are interested in this service. Overall, your record needs to reflect an average of $ 5,000 or more per month in Visa and MasterCard transactions.