How to deal with your high risk business?

Often businesses run into the problem of being labeled as a high risk business for processing electronic payments and are forced into unconventional processing agreements. Many business owners have no idea that their industry falls into a high risk category.
Shades of Grey and Red:
High Risk businesses fall into either the gray area between a normal business and a definitive high risk business, or fall into the red zone for truly high risk businesses.
What determines if a business is high risk?
There are several factors that determine if a business is to be considered high risk for credit card processing. The main reason that a business is considered high risk, is the type of business that it is. Risk is based on the merchants probability of chargebacks, returns, the businesses history, and the planned method to accept credit cards. Yes, returns are a large factor in determining the risk of a certain business type. Processors assume that if there is a lot of returned merchandise, then the merchant isn’t doing something right.

I believe the exact opposite of this, as merchants who accept returns are doing what is required, to keep their customers happy. To me this equates a lower risk business.
Certain business types are considered high risk no matter what the individual businesses history is. These businesses are in the red zone. They must find an international method to help them accept credit cards. Businesses that land in the gray area, are either high risk due to their own processing history or their business is determined to be high risk on a case by case basis.
Businesses that fall into the gray area that have good processing and financial history can usually find an American provider to help them accept credit cards, while new businesses or businesses with poor history are more likely to be considered high risk.

Common High Risk Businesses (Red Zone):
Travel and Advanced Booking
Products requiring a long term commitment (magazines, subscriptions, etc.)
Adult Products
Online Pharmacies and Supplement Websites
Telemarketing
Debt Collection
Gaming, Gambling, and Sports Booking
International Businesses
Common High Risk Businesses (Gray Area):
Electronics
Custom Products
Inbound Telemarketing
Ecommerce & Card-Not-Present (in general)
Short Term Businesses
If a business lands in the gray area, the businesses history is going to play a large roll in what types of credit card processing is going to be available to them. New businesses are always at a disadvantage, especially for card-not-present businesses. Fraud on the internet has created close scrutiny of all potential online businesses.
The most unfortunate incidence for an existing business is for their business type to be changed to high risk even though they are currently processing and have a successful, honest history. While rare, this does happen from time to time and is generally applied for all businesses within a certain industry.

If you are high risk:
If you are a high risk business, your options are a third party processor or using an offshore merchant service provider. Either way, make sure that you shop around to find the best possible solution for your business. If you business is in the gray area and you are having trouble at one place, check all of your domestic options before moving onto an offshore provider. The most expensive domestic provider is generally cheaper than the cheapest offshore provider.

A construction and tools writer can be reached at skype:goodluck3801 and paymentgateway@yahoo.cn

ECPSS merchant account Review

Quick Facts:

• In-house 24/7 Support
• U.S. Based
• Lowest Cost Guarantee
• Highest Approval Rate

• Pros

  

  
  

  • Wide range of solutions
  • Knowledgeable and accommodating support
  • A+ rating with the Better Business Bureau
  • Free Smartphone software with the account
  • No Application, set up or programming fees
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  • Full Review:

    Most review readers usually want to get to the “punch line” quickly, so for those considering Merchant Warehouse, go no further and accept that this firm is consistently one of the leading merchant processors in the business, based on client testimonials and a variety of ISO/MSP review sites on the Internet. The company prides itself on its longevity, founded in 1998, and has differentiated itself from the competition with stellar customer service. Merchant account ECPSS is a breath of fresh air in an industry known more for its compliance fee trickery and hidden cost surprises.
    

    Transparency and Credibility

    Transparency and credibility are company hallmarks. The firm has earned one of the best reputations in the merchant credit card processing industry, as evidenced by its high customer satisfaction and retention rates. Professionalism is a trademark and practiced in every interaction with company employees, from application processing and implementation, down to routine authorization and service calls. The following highlights speak well to the benefits that await a new applicant:
  • Their focus is on providing each merchant with the best service and the lowest overall costs – no hidden fees and full transparency.
  • They accomplish this objective with a highly trained sales staff that focuses on providing the right processing setup for each merchant, based on individual needs and unique characteristics.
  • They maintain an “A+” rating with the Better Business Bureau.
  • Customer and Technical Support is an in-house service and never outsourced, a rarity in this industry.
  • There are no minimum transaction levels or volume commitments that must be made, and contracts are month-to-month with no cancellation or termination fees, another rarity that is also documented in writing in your service agreement.
  • MerchantWarehouse.com has been in business since 1998, and in those13 years, over 100,000 merchants have been serviced.
  • The firm competes on cost and supports this claim with a “Low-cost guarantee” that if any of their competitors offers lower overall processing costs in writing that the Company cannot match or beat, than they will pay a $100 bonus.
  • They were the Electronic Transactions Association 2009 ISO of the year, as well as Business Solutions’ Best Channel Vendor for 2009, 2010, and 2011.
  • Lastly, the firm was awarded the prestigious 2011 “Stevie Award” for Outstanding Sales & Customer Service.

  

  
  

  Application and Area of Expertise

  Merchant account ECPSS also has a 99% application approval rate, easily the highest in the industry, and no application fee is required. No waiting either, since applications are turned around in a “24-hour” time period or you are promised direct contact within that period if any questions arise.
  Merchant Warehouse’s specialty is Retail Merchant Accounts, including restaurant and hotels, Internet merchant accounts, Mail/Telephone Order, and Wireless/Mobile merchant accounts, as well as offering excellent options for small start-ups and home based businesses. All major cards are accepted, and direct banking relationships are spread between major banking entities, including U.S. Bank, Wells Fargo, HSBC, and others.
  

  

  
  

  Concluding Remarks

  It is rare to find a stellar merchant processing company that has stood the test of time and has not been gobbled up by some larger processing consortium where good customer service is a thing of the past. Merchant ACCOUNT ECPSS is truly the exception to the rule in this regard with its longevity in the industry, low fees, month-to-month contracts, excellent reputation, satisfied customers, and in-house, professional customer support. Visit Merchant Account ECPSS now!
  
   

What transaction processing solution is right for your business?

What transaction processing solution is right for your business? Read through our solutions guide to find which solution your business is going to need and how each solution works. If you have questions about fees, what merchant accounts are, etc., go to our FAQ section. Check out our glossary of terms, also.

Refer to the table below to see which credit card processing solution is right for your business: NR = Not Recommended, POS = Point Of Sale, MOTO = Mail Order/Telephone Order
* In this case, it would be best to have both a swipe terminal and Real-Time solution since running retail (face-to-face) orders through the swipe terminal would incur less charges (lower discount rate and per transaction fee) then it would running the transaction through a Real-Time solution. In short, process your face-to-face orders through the swipe terminal and your MOTO and Internet orders through the Real-Time solution. You’ll need two merchant accounts for this, a retail merchant account and an MOTO/Internet merchant account. Check with a Merchant Account Provider for details as they may be able to cut you a deal.
Now that you know what solutions you can use for your business, take a look at the advantages, disadvantages and detailed explanations so you can effectively determine which solution you want to go with for your business.

Click the graphics below to view detailed information on each credit card processing solution:
Buyers’ Guide to Online Payment Acceptance
Are you new to accepting payment online? We’ve created a guide just for you. It will explain all the details about credit card processing and other payment acceptance solutions you should consider when setting up shop on the Internet. Get the facts before jumping in with both feet. Our easy-to-read guide covers these topics, in detail:

• Credit Card Acceptance – the basics, rates/fees involved, questions to ask providers, shopping cart software, chargebacks/fraud, SSL certificates and more.
• Debit/ATM Card Processing & eChecks
• Micropayments & Digital Cash
• Escrow Services

Are you ready to take the online payment acceptance journey?

GOOD NEWS

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we are the professional online payment gateway ,we can accept visa,master ,JCB,AE credit card payment method ,all high risk  business types welcomed! 99.9 % approval rating!Never locked your merchant account!Low, competitive rates .

skype:goodluck3801
E-mail: paymentgateway@yahoo.cn
website site:http://www.ecpss.com/index_en.html     

How do payment gateways work?

        You know those machines where you swipe your credit card in restaurants and retail stores? A payment gateway is kind of like one of those, just without the need for a card to be present to be charged. It is literally a gateway between you, your client, your client’s credit card provider and your bank.
The main job of the gateway is to validate your client’s credit card securely, make sure the funds are available, and get you paid.

   Some gateways also require what’s called a merchant account. A merchant account is essentially just a special kind of bank account that handles your funds received via credit cards. If you have a storefront or a retail business, and are swiping people’s cards, then you already have a merchant account.
Even if you do already have a merchant account, there’s still one step you should take if you want to start accepting online transactions. You’ll need to give your bank a call and ask them to set you up for an Internet merchant account. This is different from a regular merchant account, because it gives you the ability to process credit cards without the card being physically present for the transaction.

If you do not have a merchant account or are not interested in getting one (it can take some jumping through hoops to get set up), ECPSS can be a great way to start. ECPSS functions a little like a merchant account add-on for your existing bank account. You can collect credit card payments in your ECPSS account, then link it to a personal bank account (most people forget this step) to transfer the funds as necessary (note: not automatically – you have to specifically choose to transfer the funds).

   If you would like to get a merchant account (a good idea if you’re processing a lot of transactions), then all the payment gateways will help you get one. The process does require some paperwork, however, and a few days (two to five) for them to run the appropriate credit checks.

credit card processor advantage

While it may be tempting to try to get, and manage, your own merchant account, there are several advantages to choosing ECPSS.

• Money & resource savings – ECPSS completely automates the sales processing functions for your website, eliminating your monthly overhead and reducing all of your costs into one set rate per transaction.
• Implementation process – ECPSS allows you to get your site up and running quickly and easily. No scripting or complex programming is necessary and there is no equipment or software to buy.
• Reputation and confidence – Processing transactions since 1998, ECPSS consistently maintains the highest service standards in the industry, producing strong consumer confidence for our service and your website.
• Consumer support - Low processing rates are meaningless without good, 24/7/365 end-user and consumer support. ECPSS's live billing support center means you don't have to house and staff your own consumer support team, and ECPSS also offers an online service center for quick order lookups, cancellations and tracking.
• Allocation of resources - With ECPSS managing the payment processing functions for the sale of your goods, you are free to allocate more resources to more important business tasks, such as sales forecasting, marketing, order fulfillment and membership services.
• Fraud detection – ECPSS maintains a proprietary and advanced fraud detection system, built to identify and reduce online fraud. You can take advantage of ECPSS's expertise to minimize fraudulent transactions and build increased consumer confidence.
• Scalability – ECPSS is scalable, allowing you to expand or shrink your e-commerce capabilities in accordance with your business requirements. With no monthly minimum, you pay a set fee that is based on your sales volume.

The best confidential payment gateway

    Do you know which payment gateway company are the best confidential ? why they are the best payment company payment gateway company ?

                  Credit Card Payment Processing

                Global Billing Services

  With a comprehensive portfolio of features and services to help reach consumers worldwide, ECPSS's all-inclusive global payment processing solutions offer moreGeo-targeted payment forms, multilingual support, acceptance of all major global payment types, and multiple currency options enable merchants to deliver messages to international consumers in a language they understand, and a payment method they are comfortable using.

Supplemented with complimentary fraud control, membership management, 24/7 online consumer support, and more, it truly is global payment processing without the hassle.

                                             Online Merchant Global Billing Services

                        Buying securely and conveniently. Managing subscriptions and purchases online. Receiving live support 24/7/365. When transactions are processed through ECPSS, it's all part of the experience. Accepting all major payment methods, employing robust security measures and backing everything with accessible consumer support are just some of the ways ECPSS has developed a brand consumers trust while processing millions of transactions each year.

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      If you lose confidence, you lose everything! if you can dream it ,you can do it .we offer you the best professional payment gateway service for the online merchant all over the world .if you choose our payment gateway service ,we will make your great business more confidencial when the current world competion are more  intence .

Excellent merchant account solutions recommendation

   E-commerce Payment Service Solution,(ECPSSS) We are professional High risk products of the credit card processor leader , we have established strategic partnerships with VISA, MASTERCARD, JCB, AE. we have members in 190 + countries, supports 21 currencies and offers localized banking in 46 countries. We are always working on making our services available to more people all over the world.

·      All business types welcomed!

·      Swift and Easy application process!

·      99.9 % approval rating!

·      Onshore and offshore check processing available!

·      World class customer service!

·      We offer you the world class customer service ,so that your customer has unforgettable shopping experience degrees.

·      We have the world class wind control system, we can largely reduce your chargeback.

·      Approval in as little as 24 hours

·      24/7, customer service

·      Best-in-class support

·      No hidden fees

·      Low, competitive rates

·      Secure Technologies

·      No charge for Declines

·      Free Anti-Fraud reporting

       our company has been certified by trustwave ,

           ECPSS is a resposibility and good reputation company ,if we can coopertate each other on a long term ,you don't worry about your merchant account locked for the high risk ,we have the advanced risk management to make your business lower risk and reduce chargeback largely .