MLM Merchant Account
MLM Merchant Account
Multi level marketing merchants are grouped as being high risk. MLM merchants are constantly under scrutiny from a number of groups including the government for running businesses similar to pyramid schemes. Many MLM businesses have negative reviews and higher than normal customer complaints. These businesses will be required to work with a payment processor that specializes in high risk merchant accounts. If you are operating a MLM company currently and you are looking for another payment processing solution and are able to provide merchant statements and previous processing history, you will be able to be approved easily compared with a start up MLM company.
Multi level marketing companies accept an upfront payment for customers to own their own franchise of the MLM company. This is risky because the majority of people purchasing are unable to run their own business and will fail. Payment processors are allowing multi level marketing businesses to accept payments for merchants that are accepting money to invest in their own business. It becomes high risk because 95% of all businesses fail and this creates disgruntle customers which urges chargebacks and higher than normal refunds. Most merchants starting a MLM business will need to provide substantial financials in order to make sure that the business is able to stay around. Multi level marketing businesses require a number of participants in order for them to be profitable and the financial backing will make sure that the business is able to operate for an extended amount of time.
Offshore Merchants has been setting up MLM businesses with merchant accounts since 2007 and is able to assist your multi level marketing business with fast approvals and quick account setup. When you apply to Offshore Merchants, make sure that you provide a complete merchant application package which will move the application process along quickly.
Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.