Nowadays, the business market is filled with a lot of competition. It is challenging for a business to grow while just sticking to the old cash payment structure. That’s why a business merchant should provide a diversified payment method to the customers. This may include debit cards, credit cards, echeck services, e-wallets and a lot more. But things may become difficult for a merchant if they are operating under a high-risk business category. The financial institutions and banks do not provide payment processing solutions for a high-risk business merchant. Don’t worry now! TheEcheck is one of the reliable and trusted high risk check processing and merchant account providers. Contact us today at +1-855-403-3855 for the best processing solution that is suitable as per your business needs.
How Can High Risk Check Processing Profitable?
A business merchant can attract several benefits with the help of high-risk check processing solutions. You can sell your products and services across other countries with ease. eCommerce is one of the most booming sectors in terms of being preferred by the consumers under their convenience. For the same reason, several businesses are adopting digital solutions like what Royal Cyber (a SAP Hybris partner) curates. SAP Commerce Cloud experts like Royal Cyber can help extend a business’s storefront capabilities by fine-tuning pages and implementing intuitive features that make customers coming back for more. However, what businesses fail to understand is that a lot of eCommerce businesses fall under the high-risk merchandise category. Selling your high-risk merchant industry products and services through accept credit cards online payments can attract a lot higher processing fees. These charges are taken from the merchant itself like flat-rate fee, interchange fee, etc. To get rid of these charges, a merchant can take advantage of high-risk check processing services. This will help them to save a lot in terms of processing charges compared to credit card payments. It uses an ACH network to transfer the funds digitally. Rest they are getting all electronic check processing service benefits with the merchant account provided by TheEcheck.
What Are The Business Industries That Lies Under The High-Risk Category?
Some of the significant business industries that lie under the high-risk category are as follows:
- Adult Entertainment
- Real Estate
- SEO Services
- Drugs and Supplements
- Offshore Corporations
- Multi-Currency Sales
- Online Tobacco or E-Cigarettes Trading
- Firearm Businesses
- E-Commerce Businesses
- Travel Services
- High Ticket Sales
- International Cargo Shipping
So, if you operate your business under any of these high-risk business categories, then you surely need a high-risk check processing account to process and settle the high-risk echecks payments quickly.
How To Get The High Risk Check Processing Account?
While things were very difficult before. Now with TheEcheck, you can quickly get a high-risk check processing merchant account and payment processing solution to fulfil the requirements for your business needs. We have made the merchant account application procedure for you. You need to fill the application form with all the required information. It is indispensable to fill all the details correctly because this can become a reason for merchant account request rejection.
Along with the form, you need to submit the following documents to complete the verification:
- Echeck merchant account application form.
- Void Check
- A government-approved identity card, i.e. a passport or driving licence.
- An incorporation article.
- Certificate of incumbency.
- Contact details and address of the business.
- Business bank account records up to the last six months.
- If applicable; Processing records up to the previous six months.
- TIN (Tax Identification Number) or SSN (Social Security Number).
After submitting the merchant application form along with all the documents, your merchant account may be approved within 48 to 72 hours. You can contact us for a high-risk check processing solution at [email protected].