In today’s world of High Risk processing, most times that classification is based on the Processing Industry’s experience with excessive chargebacks, identity theft, fraudulent credit card usage, negative renewals, or promising products or services that are often undeliverable, or do not work as promised. Those issues cause merchants to automatically go into a high risk category. Often times, merchants can be placed into high risk groups because the Credit Card Associations, Visa/MasterCard, AMEX or Discover, simply do not have enough empirical data to place your business into a lower risk environment. At 5 Star Processing, we understand those risks and may be able to help you qualify for a better risk level. We may even be able to help you remove a TMF block on your processing profile. Let one of our industry experts consult with you confidentially, and see if we can help you get a better risk classification with a major processing company, and get your business back on track!
ABOUT HIGH RISK CREDIT CARD PROCESSING
First thing that you need to understand is that while one provider might consider you high risk…another may not.
The high risk segment of payment processing has become more important as banks and ISO’s have begun to tighten up their credit restrictions and underwriting policies. Businesses are classified as high risk primarily because of their product or service and the way they go to market. In merchant services, risk is related to charge backs or customer disputes.
However, you’re in luck as 5 Star Processing specializes in setting up accounts for “High Risk Merchants”.
1-800 type chat sites
Amazon, Yahoo or Google Stores
Casino, gambling or gaming
Check cashing services
Cigarette or electronic-cigarette sales or nicotine cartridges
Coins, collectible currency or autographed collectibles
Coupons or rewards-points program
Credit or debt repair
Discount health – medical care programs
E-Books (copywrited material)
Event ticket brokers (unlicensed – non registered(i.e. Stub Hub type merchants))
Exporting services (non US based)
Extended warranty companies
Fantasy sports websites
Federal Firearms License (FFL) dealers
Finance broker, financial consulting or loan modification ser
International shipping, cargo or import/export
Lawyer referral services
Magazine sales and subscriptions
Membership organizations (over 12 months)
Merchants on the terminated merchant file (TMF list)