5 Features That Set the Best High Risk Merchant Account Providers Apart

January 30, 2019 | Financial Problems | Jessyka Lee

Not all high risk merchant account payment processing providers are made the same – although there are several different merchant service providers in the industry, some are just simply better than others. It is important when searching for high risk merchant account services that you choose a company whose experience and reputation align with your specific business needs and best fit the requirements for a high risk merchant account within your industry.

Here are some features to look for that will set the best high risk merchant account service providers apart; keep these 5 listed items on the forefront of your mind when doing your own research.


1. CUSTOMIZED SOLUTIONS
Your business and your business’s needs are unique, which means that your high risk merchant account should reflect just that – a merchant account that is hand-tailored to fit your dynamic payment processing needs.

No one else does what you do in the exact way that you do it, so you ought to want high risk merchant account services that are also as distinctive as you are. The best high risk merchant account services have solutions for you because this is understood by them.

One size does not fit all when it comes to payment processing solutions, so you should be able to customize a solution that gives you exactly what you need and doesn’t charge you for the things you do not need.


2. GREAT CUSTOMER SERVICE
Fantastic customer service cannot be underestimated. It’s likely that you consider customer service at your own place of business as an important feature for your customer base and should expect the same from businesses you work with.

One thing to look for with providing exceptional and readily accessible customer service is that you’re able to speak with a real person quickly via phone, email, or live chat to get your problem solved or your own query answered in a timely way.

Any company that doesn’t have good customer service or that is hard to get ahold of is not the type of payment processing provider you would like to work with.


3. ROOM FOR GROWTH
Any high risk merchant account agency knows that your company is constantly expanding and growing, and that your needs and requirements will also change and grow as your business does. You should not be locked into a long-term iron-clad contract that does not allow for changes and modifications.

There has to be flexibility to keep both sides happy. When a high risk merchant account service allows for the increase of your business and works together with you through every step to ensure you’re receiving the attention and services you need for whatever stage your organization is in, everyone wins.


4. ADDED FEATURES
You should always have the ability to services you want and need out of a high risk merchant account provider.

An excellent high risk merchant account service company will have the ability to meet the specific needs for your business model, as well as other affordable characteristics you didn’t even know about or may have thought would be too pricey.

Some additional features for payment processing with credit card may be processing gift cards, fraud protection like PayKings’s iSpyFraud program.

There are many different add-on features available and a good high risk merchant account service company will be able to offer every method of payment processing you need and more.


5. EXCELLENT SECURITY
When choosing a high risk merchant account service, choosing one that is secure is paramount.

There’s nothing more critical than the safety of your funds and your business’s financial health. You want to be certain to do your research before you pick a high risk merchant account service to ensure it has not previously had any safety issues.

The best high risk merchant account providers will have top-of-the-line security and a proven track record of keeping business and customer information safe and secure. Be sure to discuss your options for what it means to mitigate credit card fraud.

The ideal high risk merchant account service is out there for you; you just need to do your research to find the one that is the perfect fit for your business, and the ones that are worth considering, will have these five attributes.

January 30, 2019 | Financial Problems | Jessyka Lee

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