Why you should get a high risk merchant account Considering that you’ve read this far, it’s very likely that you think your business is indeed a high risk merchant, and that you probably need a high risk account to go with it. Now that we know a bit more about this type of account, and …
Continue reading “High Risk Merchant Accounts: What are they, and should you get one? Part 2”
As well as your business may be going, you’ll inevitably hit some roadblocks from time to time, and that’s okay… One challenge that may arise is dealing with your merchant bank and your relationship with them. Depending on what type of industry you are in, and the types of customers you have, you may be …
Continue reading “High Risk Merchant Accounts: What are they, and should you get one? Part 1”
I am writing these words, looking back one year ago. Thinking of the beautiful moments with my love ones, happy days with smiling faces😊. I remember also moments that offered me new things to accomplish and other challenging activities saved on my to do list. When I am saying past I am referring to the …
The term “underwriting” is typically used in references to banks or insurance companies or any institution looking to mitigate their risk exposure. Due to the above mention, you should expect that in the process of getting a processing merchant account the bank will follow the Five C’s of Credit: Character / Capacity / Capital / …
TLDR: Using the Six Sigma LEAN process on your payment processing system can help reduce cost and ensure the longevity and ROI of your merchant account. ”Business as usual” is often used like the best/normal/desirable solution but can we improve this statement? Have you ever heard of the LEAN process? What does it mean and how …
