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4 Tips to Know Before You Apply for a High-Risk Merchant Account

Building a business from the ground up can involve a lot of hurdles. One way to manage your business right is to start with a solid business and financial plan, says The Huffington Post. That’s going to involve opening an account. If yours is a high-risk merchant account, here are a few tips to make sure your application goes off smooth and hitch-free: Choose the right provider The first thing you’ll need to do is to look for a merchant account provider with a reliable and trustworthy reputation in the field. Don’t just go with any random option you find online. Remember that business is all about trust. You want to make sure the merchant provider can deliver. If they can’t provide you with the payment solutions you need, that could lose you plenty of potential clients. Beware of too-good-to-be true promises If you know your product or service presents a higher risk than usual, then be wary of any high-risk merchant account provider that says they accept and approve all types of accounts. If the company seems too good to be true, then it probably is. You’ll want to cut all ties with the company if you’ve already signed on with one. Review the requirements Know what documents you’ll need and prepare them all well in advance. Make sure you properly fill out any forms as well since mistakes could lead to processing delays or in some cases, even a rejection. Prevent that from happening by ensuring all your documentation and paperwork are in order. Write a cover letter This might seem old-fashioned but adding a cover letter to the list of requirements can give the account provider information about what you do. That’s going to help them gain a better understanding of your business, which could spell the difference between getting your application approved and rejected. Be the first to like. Like...
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4 Benefits to Accepting Credit Card Payments

Customers love convenience and speed. The last thing they’d want is to go through a lot of payment and billing problems when they’re shopping for a new pair of socks or looking for a hotel to book. That’s why offering a credit card payments can be a good way to boost your business. Improve sales Customers are more likely to buy something if you make it easy for them. By allowing easy and simple credit card payment options and processing, customers will be happy enough to whip out the plastic. That’s because more people are willing to shop when they know they have months to pay it all off. Level the playing field Plenty of your competitors are already accepting credit card payments. If you don’t catch up, you could end up losing a chunk of your target audience to your competition. If you want to stay relevant in the field, you’ll need tools to help you to both get there and remain there. With the help of first data card processing services, you can widen your payment options and keep your company in the game. Take advantage of offers Some shoppers prefer to shop with their credit cards and take advantage of good deals, discounts and offers. Some of them want to keep on collecting their Miles. By offering credit card processing services, your business can target these shoppers as well. Security With first data card processing services, you can assure your customers that all the transactions on your e-commerce pages are safe and secure. With more and more news of hacks, online security has become more important than ever. Knowing they’re information with you is safe and protected ensures they won’t hesitate to buy or shop from your page again. If you want to boost sales, accepting credit card payments can really make a difference in your bottom line. Look for a credit card processing firm to help you out, says the Entrepreneur. Be the first to like. Like...
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