High risk merchants looking for approval of a merchant account to process credit cards may find it a difficult process. Payline Data has sales personnel that specialize in providing merchant accounts to merchants that have been classified as high risk by other merchant processors. A merchant processor will consider a merchant account as high risk for a variety of reasons, some of which include:
- High chargebacks or a rapidly increasing number of chargebacks
- A previous merchant account application denial by a Merchant Processor
- High Risk industry such as high ticket sales, online pharmaceuticals or debt collection
- Poor credit scores and bad business credit
- Offshore business operations – international merchants conducting business into countries other than where they are based
Typically these high risk companies are forced to find alternative merchant processing sources including high risk and offshore merchant processors. Although we find that a high number of merchant chargebacks is the most likely cause of merchant account termination or High Risk merchant classification, Payline Data will work to get your merchant account operational whenever possible.
We find that after a credit level or rating, that the second most likely cause for merchant account rejection is one or more compliance issues. Payline Data offers a free merchant website compliance review to any merchant contacting us from anywhere in the USA.
Payline Data has provided risk merchant account services to merchants located in nearly every state, with a proliferation of risk merchants in the following states: Illinois, Nevada, New York, California and Arizona. To find out more about high risk merchant accounts in your state, contact us directly by calling 800-284-7401.
Getting A Reliable High Risk Merchant Account
If you are a new business start-up, an online merchant or a recently terminated merchant who is having trouble getting a risk merchant account, call us immediately at 800-284-7401 and we will start working with you. In most cases we can have your completed merchant application with all your supporting documentation filed with our in-house underwriters within a couple of days.
Merchant Account Terminated or Application Rejected
Whether it is for an increased number of chargebacks or the industry falls out of favor with the merchant processor, hundreds of merchants are being called “high risk merchants” by their processors. your merchant account is being terminated or your merchant account is “let go” by your merchant processor, Payline Data can help you get your merchant account reinstated with a new processor. In most cases, we can get you fast approval for a high risk merchant account and when economic conditions improve with your business, we can help you restore your traditional merchant processing relationship.
If you recently attempted to start accepting credit cards and your merchant application was rejected, Payline Data can normally get account approval for high-risk merchants whose account applications have been rejected or terminated by traditional credit card processors.
Low Credit Score or High Credit Risk
In the case where a principal’s low credit score is making it difficult for your business to obtain a credit card processing merchant account, Payline Data can help. If you accept customer payments via swipe card machine, online through an e-commerce gateway or via telephone or mail order, we can help you to get an account and many times at comparable merchant rates. If you think your business has bad credit, contact us and we’ll be happy to help.
High Risk Industries
If your business falls into one of several identified high risk merchant industries your company may have been classified as a high risk merchant. Many companies with a high risk merchant classification are forced to obtain merchant processing via offshore or shared hosting accounts. In fact, many e-commerce and online merchants are termed high risk by processors, even though their traditional merchant operations are not high risk. Our goal is to get your account approved and placed within the US rather than going with an expensive and limited off shore solution.
Offshore Merchant Accounts
If you are a US merchant doing business overseas Payline Data will help you to open your merchant account and allows hundreds of currencies to be accepted. To keep things simple and convenient for you, we are always available for one-on-one risk merchant telephone or in-office sessions to go over any aspect of the high risk merchant application, approval process or risk account characteristics.
Payline Data can also help you to open a reliable offshore merchant account, including merchant accounts accepting multi-currency payments and completing customer transactions in multiple currencies.
Local Market Merchants
Payline Data can help high risk merchants from any state, but concentrates its risk merchant showroom advisory services on companies in Midwest United States. For those Merchants in South Florida or traveling through South Florida, a stop at our MerchantWorthy showroom conveniently located on I-95 in Broward County, Florida will allow you to take advantage of our free Compliance review and other advisory services with a one-on-one consultation between you and our in-house experts — at no charge to you.
High Risk Merchant Rates & Reserves
While we know that high risk merchants typically are charged high rates, we can help you find lower rates for your high risk credit card processing account. And if a merchant processor has decided you are high risk due to increased chargebacks, we can help you to find the merchant processing account services you need. And because most high risk merchant accounts have merchant reserve requirements, we will help you to understand the merchant reserves and then to analyze the full financial effect of your risk merchant account proposals. So whether you have had a merchant account terminated by your merchant processor due to excessive chargebacks or had a previous application denied, we will work to get your merchant account approved and your company back to accepting credit cards.