Have You found the Best High Risk Merchant Providers?

For all the talk about supporting small businesses, the traditional financial world can be extremely conservative when it comes to their working relationship. Everything functions on the basis of a strict risk versus reward calculation. Unfortunately, for many businesses – especially small traders or start-ups – this can make it difficult to access basic services others take for granted such as payment processing.

The problem is that, if you’re in this position, there’s a good chance you might be arbitrarily labelled a high risk business. This has become a bit of stigma which conjures up images of dodgy businesses – those involved in shady areas such as gambling or the adult industry. However, in truth, all sorts of business can fall into this trap. It could be people such as eBay traders, financial consultants, international shipping businesses, social networking sites, pawn shops and many others. They are the kind of businesses we all use each and every day. Even so, despite many of them being highly successful, they struggle to receive the same treatment in financial terms as everyone else.

The problem is that when a payment is processed the provider takes a certain amount of risk. If the buyer – for any reason – defaults on the payment, they could be left holding the burden. As such, those businesses which are considered at a high risk of fraud or payment default will be lumped into the category high-risk. Most main-stream institutions will go nowhere near them.

What Are Your Options?

Of course, there are other options if you’re stuck in this rut. You could work as a cash only business, but that’s inconvenient for many customers and not practical if you’re selling over the internet. Alternatively, you could go with one of the growing number of high-risk payment processing companies. These companies are willing to offer payment processing services to almost all companies – including those labelled as high risk.

The problem is this normally involves a higher fee rate and there is enormous variation across the industry in terms of the quality of service they provide. While some are committed to providing a high quality and affordable service to those businesses denied support elsewhere, others are simply interested in the money. They see these companies as being ripe for the taking – and in many cases they are right.

So desperate are some businesses to find a payment account provider, that they will not do the necessary due diligence. The result – many traders are paying well over the odds for sub-standard services. This is why we set up our own service helping you find the best provider for you.

What Can We Do For You?

We do a whole lot more than simply list the businesses. Instead we act as a highly active go-between. We’ll do our best to represent your interests in a way which improves your chances of getting the best service.

Being considered a high risk company is of course far from ideal. Even so, there are options available and although it might cost a little more it is still possible – with a little digging – to find a company which is right for you.