High Risk Credit - JJS Global, Inc.

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  • High Approval Rates

  • Multi-Currency Solutions

  • High Risk Solutions

  • Free Application

  • Reliable Payout Schedule

  • Secure Payment Gateway

Acceptable Online Business Categories

JJS Global works with online business owners in the following e-commerce industries:

  • Adult
  • Adult Toys
  • Adult Videos
  • Airline Tickets
  • Antique Collectibles
  • Apparel
  • Astrology
  • Binary Options
  • Bitcoins
  • Car Services
  • Cigars
  • Cosmetic Jewelry
  • Credit Repair
  • Collection Agencies
  • Computer Hardware
  • Continuity
  • Dating Websites
  • Debt Consolidation
  • Direct Response
  • Downloadable Software
  • E-Cigarettes
  • Educational Software
  • Electronics
  • Escort Services
  • Extended Warranties
  • Fantasy Sports
  • Financial Services
  • Fine Jewelry
  • Forex Trading
  • Greeting Cards
  • Hospitality
  • Insurance Brokers
  • Internet Gambling
  • Law Firms
  • Loan Services
  • Magazine Subscriptions
  • Matrimonial Services
  • Medical Collections
  • Medical Marijuana
  • Membership Sites
  • Mobile Apps
  • Multilevel Marketing
  • Multimedia Streaming
  • Nutraceuticals
  • Online Auto Parts
  • Online Casinos
  • Online Poker
  • Online Gaming
  • Online Retail
  • PPI Claims
  • Penny Auction
  • Personal Injury
  • Pet Supply
  • Pharmaceuticals
  • Phone Sex
  • Satellite TV Repair
  • Scholarship Programs
  • Social Gaming
  • Stock Trading
  • Strip Clubs
  • Tax Services
  • Tech Support
  • Telemarketing
  • Ticket Agencies
  • Timeshares
  • Travel Agencies
  • Website Design
  • Weight Loss

JJS Global has been building its network of domestic, offshore, and international acquiring banks. From low risk to high risk and everything in between, we can offer merchant accounts to online businesses in most e-commerce industries.
Call us at 224.535.9462

Credit Card Processing Services for E-Commerce Industries

Take a look at the list above to see if your e-commerce industry is accepted by JJS Global. If you don't see your industry, or aren't sure which industry your business is in, do not worry! JJS Global works with most e-commerce merchants since many of our merchant accounts are customized on a case-to-case basis. The best way to see if you qualify for JJS Global's merchant services is to contact a representative at 1.224.535.9462 or fill the Contact Form to get started.

Get Up and Running in No Time

Once you are approved for an e-commerce merchant account, you may be able to start accepting payments in as little as 1-2 business days. Our in-house merchant account managers work with your new acquiring bank to set up the particulars while our tech team integrates your website with the JJS Global payment gateway.

Check Back for More E-Commerce Industries

As JJS Global forges new partnerships with acquiring banks all over the world, new acceptable e-commerce industries will be added to our list. Keep checking back for added industries, and contact us today if you're in need of a fast credit card processing solution!

High Risk Credit

High Risk Credit

Cons Of High Risk Credit Processing

It is usually difficult for businesses that are considered as high risk to find a payment processor. This is due mainly to the high amount of chargebacks these businesses are exposed to. A chargeback occurs when a consumer dispute a charge and request for their money. Most payment processors are more comfortable with low risk businesses, as they guarantee lesser chargeback and more certainty.

However, some payment processors defy odds and choose to work with these high risk businesses. These processors are also called high risk credit card processors.

Despite the nature of high risk credit processing, there are still a couple of pros. Some of the pros include; global expansion, limitless earning potential, ability to sell whatever the merchant wants etc.

If you wish to open a high risk merchant account, then you should also be aware of the cons of your action.

1) Excessive charge:

One of the cons of operating a high risk merchant account is the excessive charge associated with the account. A high risk merchant account utilizes high risk credit card processing.

Card processing companies are aware that these businesses are exposed to huge amount of chargebacks, so they impose high fees on them from the get go.

A traditional account may be expected to pay between 1.5% to 2.0% as processing fee. While a high risk account will be charged between 3.5% and 4.5%.

These high fees can be detrimental to the growth of a business. In some cases, they can cause a business to fail. If such businesses do not have strong financial backing and earning potential.

2) Restriction of funds:

Most high risk card processors usually require businesses utilizing their services to have a merchant account reserve. This is to be used by the acquiring bank in the case of an emergency. For instance, if a chargeback is filed against a merchant and the money available in their regular account is not sufficient to reimburse the complainant via the issuing bank. The acquiring bank will take funds from the reserve.

Merchants tend to utilize a rolling reserve. In this case, a percentage of their monthly revenue is held in the reserve account until a predetermined date. The money will not be accessible to the merchant. And it will not be released until the determined date.

Usually, 5% to 10% of the merchant's monthly revenue is held in the reserve account for 180 days. After the 180 days is up, this money will be made available to the client. In such a case, the monies deposited into the account in January will be released to the merchant in July. While that of February will be released in August.

This restriction of funds may cause serious strain on a business.

3) Increased chargebacks:

All merchants, either low risk or high risk, are expected to pay checkback fees. This is the administrative cost of processing a checkback. However, high risk merchants are charged higher checkback fees by processors compared to the low risk merchants. These chargebacks fees increase as the amount of chargeback complaint filed against a merchant increases.

 

JJS Global, Inc.
224.535.9462
1546 Fleetwood Drive, Elgin, IL 60123

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Related Posts

Some Benefits Of High Risk Credit Accounts

Some businesses and companies promote products that are associated with higher fraud risk via stolen cards and chargebacks. Although not all customers are out to defraud businesses, some industries carry a higher risk of chargebacks or fraudA business associated with high-risk might also have issues such as acceptance. The normal merchant account providers are scared of getting involved in high risk credit accounts, and they don’t want to associate themselves with ...

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JJS Global
A. 1546 Fleetwood Drive, Elgin, IL 60123
P. +1.224.535.9462
F. +1.224.535.9747
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