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FAQ's
What are
high risk merchant accounts?
High risk merchant accounts are for certain
businesses that are considered to be
riskier. For example, a business that may be
prone to a high rate of chargebacks or fraud
etc. What cards can we accept with
Offshore Merchants? You are able to
process Visa and MasterCard credit/debit
cards. You may also able to process American
Express and Discover which depends on your
industry. What are the rates? The
rates and fees depend on your type of
business, monthly processing volume and
risk. Most rates range from 3%-7%.
How long does it take to be approved?
Once you provide us with the proper
documentation, approval generally takes
place within 4 to 8 days. This is
especially true on lower volume accounts as
you will usually be able to process within a
day of signing up. Can I expect a
rolling reserve? As is customary with
high risk accounts you should probably
expect to have a reserve account. They are
typically 10% rolling reserves for 6 months.
Here is how they work. Out of each batch 10%
of the gross is set aside in a reserve
account. On the 7th month the funds are
released to you for the first month, on the
8th month for the second month, etc. This is
a continuous cycle. As good processing
history occurs over time this may be
reevaluated. Is there a credit check?
No. Do you accept merchants from
outside the USA? Yes, international
merchants are welcome. Are there any
processing limits? No! We welcome high
volume credit card processing merchants in
any type of legal business with a clean
processing history. If you have been
terminated by another provider because of
high volume then you have come to the right
place. |
