Are you looking for tips on how to find a high-risk credit card processor? In this article, we discuss three tips on how you can find the best high-risk credit card processing company. Keep reading to learn more.
What Is High-Risk Credit Card Processing?
High-risk credit card processing is similar to traditional credit card processing. In fact, the process to complete a transaction with a high-risk credit card processing machine is identical to a conventional credit card processor. The main difference, unfortunately, is high-risk merchants tend to pay higher payment processing fees. Most processors tend to avoid high-risk businesses altogether. For these reasons, several merchant processing companies specialize in helping high-risk businesses find affordable rates.
How To Find A High-Risk Credit Card Processor?
If you have no idea where to start, follow the three steps below to find a high-risk merchant for your business.
- Research Online
To find a high-risk credit card processor, we suggest you begin by searching on Google or any other major search engine such as Yahoo or Bing. Once you start seeing companies online, you can start to assess your options while also comparing rates. The goal is to find a company that is willing to work with you and your business. No matter your industry.
- Referrals By Colleagues
Another option to find a high-risk merchant is to reach out to your colleagues. If they can make a recommendation, then you are one step closer. You should always do your due diligence and research the referral. A great place to check is their Google reviews. Do they have a five-star rating, or do they have horrible reviews? Always do your research before you make a final decision. You can also ask more than one colleague who they would recommend.
- Contact My Payment Solutions the USA
After doing some online research and reaching out to your contacts for references, the third option is to get in touch with My Payment Solutions USA. No need to waste time doing research online or reaching out to friends because My Payment Solutions the USA has a proven experience helping high-risk business owners like you find affordable payment processing rates. In addition to providing transparency, fair pricing, best in class customer service, and so much more. My Payment Solutions USA also offers cashless ATMs to high-risk businesses that want to avoid those nasty credit card fees altogether.
What Are Cashless ATM Machines?
The cashless ATM is a lifesaver. The machine works like a traditional ATM machine, but it does not dispense cash. Instead of dispensing cash, the machine prints out a receipt with the transaction amount, and the funds are deducted directly from the customer’s account and transferred to the merchant’s bank account. Hence, we suggest you get a cashless ATM for your business which is relatively easy to set up, reduces chargebacks, minimizes fraud, and also helps to reduce your monthly merchant processing charges.
Putting It All Together
Now that you understand your options on how to avoid paying high-risk merchant fees, we suggest you find a trusted company to work with that understands your business. For this, you can get in touch with My Payment Solutions USA today.