High Risk vs Low Risk Processing
What is a risk factor? Simply put, your company’s risk factor has to do with three factors. Percentage of returns, chargebacks, and customer sales disputes that result from day-to-day business operations. This risk, also referred to as a business’ e-commerce risk, will affect the type of account that a business can open with a bank or payment processor. Oftentimes finding a payment processing company can seem like a difficult and stressful task. Especially for those whose payment processing needs are higher risk. But honestly, there is no need to worry.
At TheECheck.com, finding an account type to fit the needs of your business is easy. We offer custom payment processing solutions to fit the varied needs of each of our customers. We offer support for all low risk merchants regardless of processing size or location. This allows us to treat all of our low risk merchants as First Class accounts. We also specialize in high risk merchant processing. Our unique approach to high risk merchant boarding allows us to approve the highest rate of merchant approval for the largest variety of industries. TheECheck.com finds custom payment solutions for merchants of all sizes. We feature onshore, offshore, and international merchant accounts. This allows us to provide premium processing services to merchants worldwide. Here is how to find out where you fall on our list of business types.
Low Risk Merchants
At TheECheck.com, these businesses are considered a low risk factor. These includes all businesses that accept payments in person or online where the risk of chargebacks and returns are low. These can include, but are not limited to the following industries:
- Any business where payment is accepted in person
- Any business where payment is accepted online
High Risk Merchants
At TheECheck.com, these businesses are considered a high risk factor. These include all online businesses where a physical card is not present for verification at the time of a transaction. These can include, but are not limited to the following industries:
- Online Retail
- Adult industries
- Financial services
- Airline and Travel
- Online Gambling
- Drug and Pharmaceutical industry
- Tobacco and e-cigarette industry
- Online Dating
In conclusion, as you can see, there are options for everyone. Whatever demographic you fall in with your business, there are options. We can help you set up the perfect solution to help you on your journey. Apply today and see what TheECheck.com can do for you and your business.