Best High Risk Merchant Account for Tech Support in USAPosted by Merchant Stronghold on March 31st, 2018 The merchant account is like a bank account that provides the facility to a merchant to accept payment in multiple ways (debit card payment and credit card payment). If you run an online business and want to get high risk merchant account, the answer is really simple- just apply for one through a merchant account provider. Fill the application form, attach all the paperwork required and send it to their underwriting department for a review and approval. Once this is done, you will be all set to accept payments. But this is not that easy for Tech support businesses/industry. Most of the credit card processors do not serve tech support industry. So it is a tedious task to find a best high risk merchant account provider.
Tech Support Merchant Account Provider
For retail merchants, it is pretty easy to get a payment processor but it’s not the same with tech support businesses. This is due to high rate of chargeback risk involved. So when you are looking for a merchant account provider, you should always ask them certain questions before applying. These questions could go as follows:
Underwriter’s requirement
When you fill the application form for opening a high-risk merchant account for your tech support business, it is forwarded to underwriting department for approval. The underwriter’s role is to make sure that the business is good for the high risk credit card processor to take on and it’s worth the risk. Underwriter looks for any type of loopholes in your application and the likelihood of the credit card processor facing the losses on the account. This can occur due to the high number of chargebacks that went unpaid, unpaid billing or fines imposed either by the government or card brand or the sponsor bank. These reasons are proved to be good enough for declaring a merchant as fraudulent and rejecting the application for a high-risk merchant account.
The business or merchant that looks stable, legitimate and have sufficient amount in the bank account to cover chargeback, are considered for approvals. Better the reputation of your business, more are the chances of getting merchant account approved. So, if you are applying for a merchant account, make sure that your bills are cleared and chargebacks are paid.
Merchant Stronghold has expertise in providing all-inclusive high risk credit card processing merchant account services to tech support merchants. To get the high-risk merchant account for your business, you have to fill the application form and provide us with all the information. We will respond you back through e-mail with the list of pricing and terms as per your requirements. Once your application is approved, you can start processing. To make the process easier for you, we can also set up your chargeback management tools and payment gateway.
For More Information Visit our services page to find out how we can help you today! You can Call Us at +1888-622-6875 or Send us Email: info@merchantstronghold.com
About the Author:
This article was written by Merchant Stronghold, a best High-risk Merchant Account & Payment Gateway Provider, It is specialized for credit card processing & offshore merchant account in a globe, Located in Clearwater USA. Our all-in-one merchant accounts include everything that a high risk or offshore merchant’s needs to process successfully. Processing Includes debit and credit card processing, check processing (ACH), payment gateways, and chargeback management services.
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