Online Credit Card Processing and the High Risk Merchant
A high risk merchant account, including MLM’s, casinos and ventures in the adult entertainment industry, often has trouble finding a satisfying merchant account service. Many physical stores require a leasing of equipment that can add to fee incurred by the high risk label. If possible, it is highly recommended that these companies try processing credit cards online whenever possible. This means perhaps designing a pre-paid service or pay as you go through a website. Although most virtual gateways come with an additional expense like leasing physical equipment, the costs are often much lower and the process is definitely more convenient.
Most merchant account providers are now offering mobile credit card processing with the rise of android phones, iPads and other mobile devices. High risk merchants can take advantage of these services with no contracts required, depending on the provider you choose to do business with. Compare rates from different credit card processing companies to find the best choice for your business.