Are you sure your offshore merchant account is not bluffing you? If, not check your contract for the following two aspects detrimental for the smooth operations of your business
Hidden Clauses
The process of High risk credit card processing begins
with signing a contract, and this contract can have many hidden clauses you
need to take care of. These contracts will be signed for a least period of one
year, which is understood, because after all service providers need to secure
their income too. But, on the other hand, these contracts may have hidden fees
and cancellation clauses, which one needs to be clear about. Merchants are
often told they are being offered a number of free services they sign up for,
but the charges are levied later through clauses.
Hidden cancellation
fees and other sunshine clauses
Cancellation clauses in contracts can be the most
devastating of them all. This is because
most merchant service providers charge huge cancellation fees, if at all they
there is clause that permits cancellation at all. Moreover, many of them
provide a very brief window for cancellation, skipping which you’ll need to
wait until the window returns.
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