Get selective to choose the best payment processor for your business
We at HRG provide with the significant High-Risk Merchant Account that will allow you to have smooth and efficient payment transactions. Here are some of the parameters that will evaluate and identify the best high-risk processors:
High-Risk Specialization: This includes more than the marketing aspect of the high-risk factor. A service provider will provide you with trained and experienced in dealing with the merchant account services. Hence, their customer service executive will take a step forward in working with the merchants that are associated with high-risk and they will also be highly trained and experienced.
Sales and advertising: Dishonest and misleading sales have been a common problem in the merchant account provider industry. On the other hand, we like to see full disclosure of contract terms, processing rates and account fees on the merchant website even the best provider shortfall in this area. There is a specific reason for this as the specialist often works with the multiple processes that are happening in the background but choose the one that suits the need of your business. It is impossible to set up the rates and terms for each processor on the website. Hence you want to closely associate with your sales reprehensive and negotiate to get the best term available. Just remember one thing that you are not going to get better deals in comparison to non-high risk merchants.
Pricing: Cost that is charged for maintaining a merchant account includes both processing rate and account fees. Processing rates are based on per transaction basis, while account fees are billed monthly or annually. You can also expect to pay higher fees than a non-high-risk merchant account.
Contracts: There has been a trend in the industry in recent years within this industry to provide a standard three-year contract renewal services which automatically gets renewed. Expensive early termination fees are also being part of this trend. Unfortunately, with your involvement with the risk factor, you wouldn’t be able to participate in this positive development. Providers are more likely to avail you a log traditional contract. It is worth asking for a month-to-month contract when negotiating the terms of your account.
Customer Support: When it comes to customer support, there has been a problem for service providers in providing efficient 24*7 support to merchants. Many of them are utilizing varied resources on their website, including tutorial and articles explained how their services work. This allows them to solve simple problems of the customer while saving time for the customer care executive to solve a little bit complex processes. While some of them provide better service than others, all of the processors’ providers provide more than industries average services.
These are some of the parameters that will allow service providers to get to know that you are associated with high-risk factor. We at HRG provide you with the High Risk Payment Gateway that will allow you to have significant business growth.
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