JJS Global Offers Approval For Your High Risk Merchant Account:
Have you been turned down by your bank for a merchant account, having been cited as being a high risk merchant? You may have given thought to signing an agreement with another lender in order to get your online business up and running, however, before you do, it’s essential that you understand what it is you’re signing up for. Give us a call at JJS Global and let us assess your needs and help you get approved for a high risk merchant account through one of our lenders.
Most of your online customers will expect to pay for your goods or services with their credit card. We’ll help you get set up to provide your website visitors with a streamlined checkout process that will deliver a seamless experience from start to finish. For the tens of millions of customers who are considered ‘un-bankable’, we offer ACH Check Processing services for your website. We understand that by turning away potential customers, your bottom line may suffer, which is why we make it a priority to enable our clients to accept check payments over the phone, through the mail, or over the Internet.
One of the risks associated with various types of businesses that are considered ‘high risk’ is that there is a greater chance of payment scam from customers using stolen credit cards. While not all buyers in high risk businesses are out to defraud or deceive business owners, the ones who do have created the need for a higher level of security against fraud. This is actually a benefit to owning a high risk merchant account. Elevated security standards will ensure that the highest level of fraud detection standards are being used to protect your account.
You’ll also benefit greatly from a lower risk of account termination, should chargebacks occur or a fraudulent card is used to make a purchase from you. Our partners fully understand the risks involved in helping our clients set up high risk accounts, which means if or when these activities should take place, your account will remain in good standing.
Doing business on the World Wide Web means you’ll have the ability to sell to a global market- something that is no longer possible without the assistance of the Internet. Your high risk merchant account will enable you to stay competitive in your industry and compete with other businesses online.
Click the ‘Industries’ link on our website at HighRiskMerchant.Solutions to learn more about why you have been deemed a high risk business. If you’re a start-up, have a poor credit rating or history, are of an industry with a high chargeback ratio, have had a merchant account terminated by a bank, or process high volume sales, we can help. Call one of our high risk account merchant specialists from JJS Global at 224-535-9462 to discuss your needs or visit us online to find out more about our services.
5 Tips To Increase Approval Rates For A High Risk Merchant Account
For the average business that is trying to make a name for themselves in the current marketplace, the ability to accept credit cards is a very important factor. This is where a high risk merchant account will often come into play. A company needs to ensure that their cash flow is not interrupted for any reason.
Knowing how to maximize our approval rates when it comes to a high risk merchant account is crucial to our long term success. Let's take a closer look at the five best tips for increasing high risk merchant account approval rates.
1) Check The Website For Broken Links
This is something that needs to be done on a regular basis in order to make sure that the site is functioning in the proper manner. This should be a regular aspect of a business' routine and if it is not, this is a decision that will definitely come back to haunt them at a later date. The links may have worked just fine in the past but that does not mean that they do not need to be checked in the present.
2) Responsive Phone Lines
When we place a phone number on our website, it needs to be a working number that we can contact at any time. Our approval rates for a high risk merchant account dwindle significantly when we do not have a responsive phone line. During the process of underwriting, businesses that have applied for such accounts will receive a cold call. If this cold call is not answered? The chances of an approval dwindle significantly.
3) Ask The Right Questions
For example, we should be taking the time to ask a merchant account provider about all of the things that need to be listed on our websites. By taking the time to learn more about the items that need to appear on the website, we are able to avoid obvious mistakes that can sink our chances. In most instances, we will need to clearly display the privacy policies and shipping information.
4) Googling Ourselves
This may seem like a vain step to take. In reality, it is a step that just might save us a world of embarrassment. When we apply for an account of this nature, our company's name is going to be Google searched and so will the names of every principal company member. That's why we need to take a proactive approach and find out more about where we stand. By catching embarrassing information early, we can take the right steps to get back on track.
5) Knowing Our Credit Score
A business that applies for this type of account is going to need to know their own credit score. A merchant account like this one serves the same function as a typical line of credit. The same rules are going to apply. If the credit score for the company has dipped to a level that is not satisfactory, the chances of receiving an approval are always going to dwindle in a significant manner.