AMSLV’s High Volume Merchant Account to boost your business

Getting the right type of merchant accounts is the most crucial step in earning profit and flourishing the business. The way a merchant account runs for a business, directly affect the performance of the website and it is essential that the merchant accounts runs smoothly.

AMSLV does understand that when it comes to money, people are more cautious and they want nothing to go wrong. Every business model has a different kind of merchant account and the kind of account required may vary due to nature of the business or volume of the business. Generally, big businesses go in the high volume merchant accounts and such accounts either have no limits or have very high limits when it comes to the number or transactions.

Advance Merchant Systems have extensive experience in providing high volume merchant account to some of the most reputable businesses around, and the company does understand that when a business deals in large volumes or number of transactions, the merchants cannot afford to go wrong with the accounts they choose.

If your business has good credit card processing history, getting the high volume merchant account is quite easy. By following the three simple step procedures, you can easily acquire the merchant account for your business:

1.    Contact or talk to our high-trained team of expert that will provide you every single detail you need.

2.    The team will also list down the best banks for business.

3.    As soon as the bank approves you a merchant account, the team will make sure to start the webpage in couple of days and providing desired payment schedule for regular and continuous payments.

The company makes sure to provide you an unhindered technical support and assistance at every point and will make every effort to keep your account running without any hitches and glitches. AMSLV also provides the benefit of real-time processing which in further will add more advantages and benefits to the business.

If you are planning to open a high volume merchant account make sure you reach us on 855-267-8472 or email us on info@amslv.com.

Tips For Getting Out Of A Merchant Account Contract

There is no sure shot method of getting put of a merchant account, without paying the ETF. However the chances of getting out of a merchant account without paying a cancellation fee are not bleak. The important thing to remember is to not to get into a contract, which slaps you with a hidden cancellation fee later on.

Read on to know how to get out of a merchant account safely –

1. Do Your Homework

Before signing on the dotted lone, please ensure that your research is complete. Do check the profile of the company before taken any decision.

2. Don’t Take The Sales Agents Words Literally

We are not saying that all sales agents need to be viewed cautiously, but we are strongly insisting that you don’t take their word literally. But the fact of the matter is, that the sales agents out there will go to any limit to get a businessman to sign on the dotted line.

3. Read The Terms And Conditions Carefully

Businessowners, who flip through a terms and conditions document of a high risk merchant account, always live to regret it one day. No matter how tedious it may seem, a merchant must read each and every page of the document. Only then will he know intricately about the conditions and the rates that will be applicable to his business.

4. Get all promises in writing

No matter how many promises the agent might have made to you, they have no value if not in the written word. Always insist on getting it in writing with a special mention of the agent who committed to it.

Why Some Businesses Have a Hard Time Getting Merchant Accounts Approved

Getting a merchant account is often a lengthy and complicated process, for banks or merchant processors take time to assume risks associated with your business before providing merchant processing facilities. So, if you know what makes it tough for businesses to get approval, you can do enough homework and be well prepared when it’s your turn!

Reasons why some businesses have hard time getting their merchant account application approved:

     Bad credit history proves to be the biggest hurdle in getting the approval in most cases. So, you should ask the person with a good credit history to co-sign your application if you have multiple eligible people who can sign. 

Both business and personal tax liens do affect the process of approval. You can resolve liens before applying for a merchant account.

        Having a business that falls into the category of bad credit

   

        A business type not able to match promised processing volumes  Presence on the MATCH list

What is a High Risk Merchant Account?

When you are in business, marketing your products or services alone is not enough. It’s the age of paperless money, electronic transactions and therefore, you should be extremely careful with your customer’s money and their personal information in order to ensure business operations. In no way or at no time would you want your customers to think that they are indulging in a faulty service and that their money or financial information could get compromised! That’s where high risk merchant accounts can help.

If you are running a business, which operates in a high risk market and has risks of financial failures looming large, you almost certainly need a high risk merchant account; a regular merchant account won’t serve the purpose and even if does, it might fail you at the most crucial hour. 

So, in a Nutshell …  

A high risk merchant account is a facility provided to businesses that accept a major chunk of their payments through credit cards (Card Present or Card Not Present). Protected by anti-fraud security systems, high risk merchant accounts help e-commerce enterprises (and others who receive orders telephonically) to introduce additional layers of security so as to eliminate the possibility of credit card fraud or data theft. 

Do You Need One? 

No matter what type of business you are running, you will need a merchant account at some point in time.

Why I need a high risk merchant account?

Well, because this is the best way to receive payments via credit or other types of cards. Operation of such an account is governed by an agreement between a credit card acceptor (business) and the acquirer (financial institution, providing the business the facility).

High risk merchant services no doubt charge higher fees in order to compensate the risk involved, they also save businesses from TMF statuses and deduct relatively lower chargeback fees. Such services are governed by flexible chargeback policies.  

Who Is An Acquirer?

A bank or financial institution, which provides a business credit card merchant account and has relationship with the merchant’s personal bank account and the Visa and MasterCard services is called an acquirer.

The acquirer provides high risk merchant accounts and is then liable to clear the card transactions to the merchant’s bank account as and when the transactions are charged from the card holder’s account. 

Important Pointers 

Acquiring a high risk merchant account from one of the acquirers makes it easy and safe to process credit cards. It is the quickest and easiest way to receive a payment that is due to the business account.

From online casinos, adult service providers, travel services, telemarketing businesses to home run businesses and online auctions, hundreds of e-commerce businesses get such accounts. Businesses with high transaction volumes, bad credit, off shore operations or TMF statuses are the best candidates for high risk merchant account services. 

While, a high risk merchant account is really useful for high risk businesses in particular, other types of business which are no high risk type can instead acquire a standard eCommerce merchant account for easy processing of credit cards and other such instruments online.