Looking for a Business Opportunities Merchant Account?
PayKings are the proven leading experts in getting your Business Opportunities Merchant Account ready to accept credit card payments. Start your merchant application today!
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Need a Business Opportunity Merchant Account?
However, like everything in life, it only takes a few bad apples to ruin the bunch. Because of this, biz ops has turned into a bad name among traditional banks for credit card processing. Buy why? Some reasons are that the potential for excessive chargebacks and, of course, the frauds in the industry that are only out to earn a quick buck.
A business opportunities merchant account is indeed classified as high risk for a variety of reasons, making it difficult to find a reliable processing partner. PayKings specializes in working with high risk merchants and has multiple acquiring banking partners that offer sustainable business opportunity merchant accounts.
Has Your Business Opportunity Merchant Account Been Shut Down?
Whether there are any refunds or chargebacks associated with any given purchase, your payment processing provider will deduct these amounts from the merchant account before transferring the payment.
In small risk transactions, a customer presents a charge card that is physically “swiped” to complete the purchase. However, there are quite a few business categories that are high risk in spite of the card being present. Because a majority of the transactions are made when products or services are offered over the telephone or online (eCommerce), they are called card-not-present transactions, which increases the risk.
By way of product categories, skincare products, home-based business opportunity merchants, and nutritional supplements, such as CBD and weight loss formulas are generally considered to be high risk merchants. This is not necessarily decided on the kind of goods being sold. In this instance, being classified as high risk is a result of the method payments are being processed.
In an increasingly digital world, clients are adopting mobile and new payment processing procedures. Meanwhile, business owners are taking the point-of-sale off the counter. PayKings offers unique business opportunity merchant account solutions that make it easy to accept all forms of payment processing that your customers utilize, from anywhere in the world your business may take you.
How Can PayKings Help With Your Business Opportunity Merchant Account?
As the world gets increasingly cashless, offering your customers an alternative to cash or check is paramount. Some benefits of starting a business opportunity merchant account are:
- Improved cash flow direction
- Capability to accept recurring payments for services provided on a regular basis
- Increased earnings
- Avoid possible losses from bounced checks
- Better customer service and satisfaction
PayKings can get your high risk business opportunity company a merchant account quickly and easily. Learn more about our application process here.
Additionally, PayKings understands the ways to keep costs low for your business. We focus on making sure your high risk merchant account is sustainable and continually processing payments. One specific initiative we take is to be diligent in keeping your chargeback ratio low. A few of the strategies that business opportunity merchants can put into place to assist in reducing chargebacks are:
Respond to requests to cancel a recurring transaction
Have a great customer service help desk
Make sure the payment descriptor is your merchant name
Learn how to avoid credit card chargebacks and what are best practices for your business.
How Does Being High Risk Affect Getting a Business Opportunity Merchant Account?
With the continually growing regulations looming in the business opportunities industry, it makes running a company much harder for their owners. Regulations, restrictions, and rules for business opportunity merchant account providers can put even more stress on being successful. Due to these numerous challenges, finding a payment processor that will accept a merchant account for a business opportunities business can be extremely difficult.
Banks often brand business opportunities firms as high risk business for a variety of reasons. And most merchant account providers do not fully understand how the industry works. This results in most banks not only categorizing the industry as high risk, but they are also unlikely to approve your application all together. PayKings is here to walk you through the entire process. If you have had trouble acquiring credit card processing for your high risk merchant account, you’ve come to the right place.
PayKings understands the unique needs of different Business Opportunities related businesses and has established 24+ acquiring banking relationships to become an experts in getting Business Opportunities Merchant Accounts approved and companies accepting online payments.
Business Opportunities Merchant Account Experts
- 20+ Proven Bank Relationships
- Medium/High Risk Accounts
- Fast Business Opportunities Account Approval
- Large Merchant Case Studies
- E-Commerce and Retail Options
- B2B Vendors Supported
Multiple Payment Solutions
- Multiple E-Commerce Gateway
- Chargeback Prevention
- Credit Cards
- B2B-Level II/III Data Discounts
- 3D Secure Frictionless Checkout
- Mobile Payment
- EMV Readers
Intuitive Compatibility & Support
- Gateway Recurring Billing
- E-Commerce Cart Plugins
- Developer API / Docs
- International Merchant Accounts
- Dedicated Account Managers