If you are a high risk merchant, an offshore merchant account is the perfect solution to your processing needs.
You have the payment processing power to blaze ahead and meet your goals. Money flows in. Your business prospers and grows.
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Credit cards compromised An estimated 100 million credit/debit cards have been affected in what may be the largest compromise ever.
Payments processor Heartland Payment Systems Inc. said the system they used to process Visa, Master Card, American Express and Discover Card transactions was breached last year.
The Wall Street Journal reported the data compromised included card numbers, expiration dates and internal bank codes, all of which could be used to duplicate cards.
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What is a High-Risk Merchant? There are varying definitions for "high-risk merchants." But generally speaking, a high-risk merchant transacts business in a merchant category where loss-causing events (such as excessive chargebacks) are likely to occur.
Why can't I just establish a Merchant Account through my current local bank?
That\'s a great idea. However, you\'ll probably discover that when it comes to smaller businesses, especially ones that are startups, home based or online, the vast majority of the banking establishment would prefer not to have these types of customers. They see too much risk involved. At YourMerchant.org we are eager to help you and, more importantly, we are able to help you. We specialize in placing these types of smaller and non-traditional businesses and provide them with Merchant Accounts for credit card transaction processing. Return to Frequently Asking Questions about Merchant Service