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Need a Merchant Account

Discussion in 'Payment Processing' started by tdnetworks, Sep 27, 2006.

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  1. #1
    I am currently using two merchant accounts for two different sites but I need a third one for another website I have and don't want to go with one of the companies I am already with. Oh, the most important thing, the website will be considered a "high risk account" so I need a company that understand this and wont try to close my account if my chargeback ratio goes over 3%.

    Any suggestions?
     
    tdnetworks, Sep 27, 2006 IP
  2. stymiee

    stymiee Peon

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    #2
    With chargeback potential like that you won't find a company that can offer you the same rates as, for example, someone selling books.

    Is your current provider a high risk provider? If I may ask, what reasons you do not want to use them with this new account?
     
    stymiee, Sep 27, 2006 IP
  3. Rouier

    Rouier Banned

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    #3
    Even a high risk provider won't let you go to 3%
     
    Rouier, Sep 27, 2006 IP
  4. jestep

    jestep Prominent Member

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    #4
    An offshore provider should let you go beyond that. The actual processing rate will definitely be very high, and I would assume that a reserve account will be required either before or as soon as you start exceeding 1 - 2%.
     
    jestep, Sep 27, 2006 IP
  5. tdnetworks

    tdnetworks Peon

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    #5
    I understand that I probably wont get the same rate which is ok and my current providers don't deal with high-risk merchants. One of the merchants I'm with canceled my friends account after he had a 4% chargeback ratio with over $50k in monthly sales without any warning so that's why I don't want to use one of them.


    Anyone have any good recommendations for a legit offshore provider?
     
    tdnetworks, Sep 27, 2006 IP