Merchant Accounts for your Collections Business

When a business doesn′t get paid the money it′s owed by clients, it won′t stay afloat for very long. So what do you do when your clients are well past their allowed settlement dates and are still refusing to hand over the cash? You call in professionals - you need to take on the services of a collections business. If you are in the collections industry, you know that the demand for debt collection is well and truly on the rise. It seems as though more and more people are trying to get out of payments, and that′s where your expertise comes in - you help businesses to stay afloat and succeed by being paid the money that is legitimately owed to them for products or...

Securing a Merchant Account for the Digital Content Industry

Over the past several years, technology has moved forward in leaps and bounds, and shows absolutely no signs of slowing down. These days, we can do almost everything online including shopping, communicating, and sharing content. In fact, only in recent years have we seen such a surge in the ability to produce digital content and share it on a global scale; from eBooks to online courses and much more, it′s now just a click away to gain access to all manners of content. If you′re in the digital content business, you understand just how lucrative the industry can prove to be. But what methods should be used to process your customers′ payments? Although it′s perfectly...

Merchant Account for Call Centres

With the introduction of the internet and the ability to make purchases online, there may be some questioning as to whether running a call centre to receive purchases via the phone is still viable. For those who are invested in the call centre industry, we′re sure you can agree that the answer to that is a resounding 'yes'. Whether the advertisement that displays the sales number is in a magazine, online, on the radio, or anywhere else, you can be certain that having skilled sales and customer service personnel within a call centre will lead to sales and repeat customers. Although a call centre is still well and truly a fantastic investment in the business world, there lies a problem...

Merchant Accounts for Payday Loan Providers

There are an abundance of different situations people find themselves in that calls for emergency funds. Perhaps a car has unexpectedly broken down, and needs to be fixed urgently. Or maybe there′s a medical emergency that needs to be resolved ASAP to prevent more serious problems down the track. Whatever the reason, if someone is a few days before their salary is paid, what can they do? Simple - apply for a payday loan. Payday loan providers help people financially when they′re most in need, and as such should be seen as amicable businesses. However, if you′re in the industry, you have probably realised that it′s incredibly difficult (if not impossible) to get...

Foreign Exchange Merchant Accounts

With a global trade level of roughly $4 TRILLION every single day, you can see precisely why the business of Forex trading has so much potential. It is the biggest financial market in the world, and as it′s global, it is in operation 24 hours throughout the five-day working week. This makes it an accessible option for full- and part-time investors alike: whether you fire on all cylinders throughout the morning, or you have a full-time job and enjoy spending your evenings making some extra liquid cash on the side, you′re taken care of. As the world′s many different currencies are active at several different times throughout the day, there′s always something going on...

eCigarettes and Online Tobacconist Merchant Accounts

The tobacco industry has always been a strong one to be involved in, and like many other areas of business, it has evolved in leaps and bounds with the addition of new technologies. The latest of these evolutional changes is the invention of eCigarettes, and the trend has spread faster than wildfire. The release of eCigarettes and vaporizers really has taken the world by storm, and one of the best things about it all is that it doesn′t include a lot of the harsh chemicals that tailored cigarettes are known for. It really is an exciting time to be a part of the industry, and when done right can yield fantastic returns for business owners. If you′re an online vendor of these...

Finding the right account for your sports forecasting business

Sport is one of the world′s biggest commodities, and people pay huge amounts of money to watch their favourite athletes, buy merchandise and even place a bet on a particular result. Sports betting is an incredibly lucrative market and has seen the rise of sports forecasters through growing demand for high quality statistics, analysis and predictions. Owning a business in this field can attract a great deal of income, but you may have trouble with the strict rules of holding a merchant account with the bank. Because of a few bad apples, the gambling industry and anything associated with it has become distrusted and may be either hit with higher fees or flat out refused an account. In...

Merchant Accounts for the Herbal Industry

With more attention paid to the obesity epidemic and an undeniable importance played on overall health and wellbeing, people all over the world are looking for solutions to improve their body′s functioning. What used to be visits to the local pharmacy or health food shop has now been replaced with webstores that offer convenience and on-the-go purchasing around the world. Don′t suffer due to association The herbal industry is one that has received mixed reviews since its inception. Still largely regarded as an alternative solution, it has an unstable reputation that can mean headaches for those in the industry. As herbal merchants often conduct business without regulations put...

Obtaining an Adult Merchant Account

Since the dawn of the internet and the ever evolving landscape of online services, we have also seen an evolution of the adult entertainment industry. In the beginning, the main problems businesses in this industry had to deal with were customer complaints regarding troublesome dial up modems, lagging webcams and poor image quality. Now however, they face a more frustrating setback - obtaining an adult merchant account. Those who operate in the adult segment will understand better than most the struggles of finding a bank willing to process their online payments. As a fruitful and immensely popular industry, adult content is often considered controversial due to the risk of chargebacks....

Online Auctions Merchant Accounts

Going, going, gone! Running an online auction business is wonderfully exciting; last-minute bids, bidding wars, and especially the final result can leave us with a higher blood pressure. One of the few things about this business in particular that is anything but exciting is arranging a merchant account for your customers, though. The issues that banking institutions perceive with this industry include the increased possibility of fraudulent transactions as well as a higher amount of transactions being processed. But wait a second, aren′t more transactions a good thing for an online business? The more transactions there are, the more profit the business is making! Well, banks...

Merchant Accounts for a High Volume of Transactions

Running an online retail store or other type of online business can lead to a whole lot of sales if you do it well and make the right decisions. The more sales you get, the more profit you see, so why would you want anything but a high volume of transactions happening? Without the ability to process credit card payments, online businesses wouldn′t have the ability to operate, and are an essential piece of the puzzle. Businesses that have a huge amount of online transactions, though, can be seen by banks as higher risk. Their way of thinking is that with so many transactions, there′s a greater risk for fraudulent cards being used or chargebacks occurring. As a result of this way...

Securing a merchant account with unfavourable credit

There could be a number of reasons for bad credit. Unfortunately for those that suffer from bad credit ratings that can haunt them for many years, it has a huge effect on any type of business practices that are undertaken. But just because there′s been something to affect your credit in the past, doesn′t mean you should lose out forever. These days, more and more people are turning to online shopping to make their purchases. The convenience of being able to read through reviews, talk to people on forums, and then ultimately purchase everything while sitting on your couch at home is a huge factor. Of course, when shoppers are buying online, they′re not paying by cash but...

Online Pharmacy Merchant Accounts

Providing your customers with the means to get better without their having to leave the comfort of their own home is a wonderful thing. Think about it - who really wants to leave their home when their whole body is aching and they can hardly move? Once a doctor has given his or her consultation and you have a prescription, you should be able to go home (the doctor may have even performed a home visit). Online pharmacies are a fantastic way to help people get healthier in a more convenient manner, but unfortunately for those who have their own business in the industry, it may be incredibly difficult (if not impossible) to secure a merchant account at a local institution. The reason being is...

Online Gambling Merchant Accounts

What can be seen as one of the most exciting areas to be involved with, online gambling is nothing less than a metaphor of high reward from high risk. No longer do we have to head all the way to a casino in order to have some fun, whatever your game of choice may be. If your chosen business practice is the online casino and/or gambling industry, you′ll obviously be processing payments from credit cards. What you many have found in your endeavours to source a financial institution or bank to activate a merchant account with is that you′re being knocked back. Due to the nature of the online gaming industry, banks will very likely view your business practice as one to be...

VoIP Merchant Accounts

There really are a huge amount of benefits running a VoIP phone system. Arguably the most important feature is the ability to save a whole lot of money; international and other long-distance calls are a fraction of the cost of traditional telco setups and calls to other VoIP phones are free. But the benefits don′t stop there. If your business ever decided to move locations, you′d be able to keep the same contact number which, as you can imagine, makes the entire process a whole lot easier - you don′t need to reprint business cards and other marketing materials, and your current clientele doesn′t have to be updated, either. And on and on the list of advantages goes. ...

Offshore Accounts - Why?

Establishing and using an offshore credit card payment system is beneficial for a number of different reasons. It will really help to reduce the amount of complications that your business faces, enabling you to get on with making money!Reduction of tax paidForget what you may already know about using an offshore account; you don′t necessarily have to be regarded as running a 'high risk' business to reap the rewards. The bottom line is that the amount of tax that you pay per transaction is less with an offshore.Unlimited transactionsYou also have the freedom to generate as many payments as you like; there are no cut-offs or restrictions as to exactly how many...

Travel Industry Merchant Accounts

Are you involved in the business of getting people to places in the world so they can take a break from their busy lives? The travel industry really is an exciting business to be a part of, and the potential returns can be incredibly fruitful.We all know that plans change. For whatever reason, people′s travel plans can be cancelled or re-scheduled at the last minute. The result of this is a confusion of different fees involved for the passenger(s) due to cancellation or changing their itinerary, and for this reason the industry has been placed in the high risk category. What this means is that your average local bank will be hard-pressed to agree to accommodate a...

Why is my Business Considered High-Risk?

There are a number of reasons for banks and other financial institutions to view your particular business as what is known as a 'high risk'. Below you′ll find some points that assist the bank in determining whether your individual business is high risk or not. Bad credit rating One of the reasons is that your credit score is less than favourable. This may be as a result of past debts that went unpaid or were paid late, or any number of other reasons. Whatever the reason may be, bad credit is something that the bank will take into consideration when deciding whether you′re a high risk or not. Wholly online business model When a business or company is trading online...

Online Dating Merchant Accounts

What a brilliant industry to be a part of – helping people find their perfect match, all from the comfort of their own homes. Fast disappearing are the days of asking others out in person, and with it making purchases with cash. If you’re in the business of brokering love online, you’ll no doubt be forced to accept credit card payments. However, a lot of the banking institutions out there are still unaccepting of your type of business – they see it as a high risk of defaulted payments, and as such you face a series of denials when you’re trying to set up an online payment system. You will struggle to find love from them. Or perhaps you get lucky and begin a...