Struggling to find the merchant account services you need? If you’ve been turned away by the bank – or multiple banks – it’s time to consider what a high-risk provider can offer you. For the “high-risk” business, small business funding and payment processing services continue to be difficult to find. A high-risk provider offers safe and secure options, regardless of the risks involved with a business type or industry.

First American Merchant, for example, is a full-service provider. Meaning, their team of professionals have years of experience helping “hard-to-approve” merchants secure all the services they need to operate smoothly and efficiently. The many industries they work with include: automotive, retail, restaurant, hotel and motel, medical marijuana, dentistry, doctors, construction, trucking, among many others.

High Risk Merchant Account Options

If the provider you are considering is a full-service provider like FAM, your business will have a great support team and a full suite of payment processing options to choose from. These options include:

  • Credit card processing. Without a merchant account, a business will be unable to process credit and debit cards. In the modern world we live in, being forced to operate in cash-only is not only inefficient and unsafe, it also hurts a business’ customer base. Through a high-risk merchant account, even high risk industries and businesses can secure the credit card processing they need.
  • Check processing. New check processing options have brought back the appeal of using checks for customers and businesses. With a high-risk provider, merchants can take advantage of services like Checks by Web, Checks by Phone, Paper Guarantee and instant check processing.
  • Business funding. While the ability to secure small business loans has improved in recent years, it is still a big problem for high-risk businesses. Not willing to deal with the risks involved, banks and other traditional lenders turn these entrepreneurs away. A high-risk provider like FAM, on the other hand, is more than willing to work with high risk businesses and startups. Their merchant cash advance, for example, quickly provides entrepreneurs the funds they need to either kickstart or sustain their business.
  • Payment gateways. Through their experience and strategic partnerships, high risk providers offer safe and efficient payment gateways. Rather than waiting weeks to have a merchant account set up, a high-risk provider can pair you with the payment gateway that’s right for you – quickly.

How Difficult is the Application Process?

Probably the biggest advantage of all, the application process is fast, easy and secure. The application itself can be completed in a matter of minutes, and the merchant will hear back in as little as 24 hours, sometimes sooner. If your business needs business funding and/or payment processing services, make sure you add high risk providers to your list of options.

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