Advanced Zero Fee Processing Offers low-cost high-high-risk merchant accounts in Georgia. High risk merchant account is required when you start accepting credit cards after you establish a new business. It indicates that credit card processors believe you have a significant risk of chargebacks and refund requests on your credit card transactions. Subscription services, for example, are subject to chargebacks since customers sign up for a free trial and must secure the trial with their credit card.
When you open a new business and want to accept credit cards, you’ll need a high risk merchant account. You’ll be classified as a high-risk or low-risk merchant account depending on how you go about it. Credit card processors (also known as merchant service providers or payment service providers) feel you have a high risk of receiving a large number of chargebacks and refund requests on your credit card transactions if you have a high-risk merchant account. Having a low-risk merchant account also means you’ll have fewer chargebacks.
Another reason merchant accounts are considered high-risk is that chargebacks are a typical occurrence in their industry. Customers that sign up for a free trial and must secure the trial with their credit card, for example, are vulnerable to chargebacks. They want to cancel the trial on the day before the first payment is due, but they fail to do so. They ask the merchant to submit a chargeback to their bank and have the money credited to their account rather than canceling the membership and facing the financial implications of their own mistake.
For additional information, please call 561-698-0005 or visit our website at www.advancedzerofeeprocessing.com.