So, you have no merchant account. Maybe you didn’t start out with one, or maybe you were dropped from your old merchant account provider. There are many reasons why you do not have a current merchant account, but the fact is that you need one. Regardless of your business type, you need the ability to process credit cards.
There are many options available for those who have a mainstream business. From bank programs to a plethora of merchant account providers, these merchants typically do not have a problem finding a merchant account. But, what if you are in the “high risk” category? Whether you have bad credit, no credit, a “high risk” business, or have been dropped from your old provider, you will probably have a hard time finding a merchant account. You need to look for many things: Good processing fees, understanding of your business, and the ability to safely process credit cards. It seems like it should be easy, but not all high risk merchant account providers offer all of these choices – together, and in one plan.
If they offer a good terminal, they raise processing fees. If they have low processing fees, you have an older terminal. There are few choices that provide you the equipment and services that you need, all in one place. These companies, like FAM, know that it is of the utmost importance to offer high risk business credit card processing to merchants that otherwise have no option to accept these cards. Do you have anything to fear? Of course! You should be cautious about anything concerning your business and its cash. But, without this ability, you severely limit the amount of customers you will have. The risk if totally worth the reward.
When you are in need of a merchant account, look at all of your options. If you are a high risk merchant, you need a merchant account that understands you and your business, provides you a good processing rate, and also a good quality terminal. FAM is one of the best choices around for those in need.