Don’t Fear, Merchants with Bad Credit! You Can Get a Merchant Account

Posted on April 29, 2019 by admin

Bad credit and merchant accounts usually do not go together. The vast majority of banks and processors will not touch a merchant with bad credit, even if they have a successful existing business. Bad credit merchant accounts are hard to find, and it is even harder to find a bad credit merchant account with good processing rates. Regardless if you are a new merchant, or an existing merchant in need of a new merchant account, there is a bad credit merchant account available for you.

The High Risk Guys know that every merchant deserves the chance to have a successful business. This includes merchants with bad credit. Whether you have bad credit, no credit, or a bankruptcy, The High Risk Guys provide a bad credit merchant account, which allows your business to accept plastic payment cards. Plastic payment cards (credit and debit cards) make it simple for millions to pay for their goods either online or in a brick and mortar store. Regardless of your business or industry, you need to be able to accept plastic payment cards. The inability to do so can greatly limit how much business you do, and many times, it can be the downfall to a business.

With a bad credit merchant account from The High Risk Guys, you are not only able to accept plastic card payments, but you also have the ability to process plastic cards with the new EMV technology. This new “chip and PIN” technology is hitting the mainstream in 2016, but Visa is already rolling out the cards to a few customers. The inability to process these cards today can greatly affect your businesses future. With The High Risk Guys, you can learn in as little as 48 hours if your application for a bad credit merchant account has been approved. This time frame is unheard of in the industry! It doesn’t matter if you are operating an electronic cigarette shop, an online firearms shop, or an online dating website, The High Risk Guys will dedicate themselves to your bad credit merchant account.

To learn more, click below

Is Your Teen Destined for Bad Credit?

Posted on March 20, 2019 by admin

Bad credit can sometimes seem hereditary. You typically learn you spending habits from your parents, and if the parents are poorly skilled with finances, typically the children are. However, a credit card can teach teenagers that value of making payments on time, and keeping good records, which can benefit them later in life. However, what happens if they miss a payment? Well, their FICO score takes a hit. It can affect them personally, and professionally.

More and more young adults are starting businesses, and many do not have great credit. This may seem like a bad idea, but everyone deserves the chance to start his or her own business. Few banks and traditional merchant account processors will give an account to someone with bad credit. If you are in this spot, do not panic, as there is a viable option for you. You need a bad credit merchant account. This sounds scary, but it is not, especially if you obtain the services of a bad credit merchant account provider.

However, you need to watch out, as “bad credit” and “high risk” can be used interchangeably, but they can mean different things. While bad credit merchant accounts are actually a form of high-risk merchant accounts, many high risk merchant account providers are experienced only with high risk business types, and not bad credit. A bad credit merchant account holder can operate any type of business, theoretically, whereas a “high risk” business means a business that has a higher rate of fraudulent activity and closing. You need to make sure you employ a processor that is experienced in the type of account you need. Very few are experienced in all types of bad credit and high risk accounts. One of those few in HRG.

With HRG, you are not only getting a bad credit merchant account, but also an ally in this tough business. While competitors could raise your rates sky-high just because you have bad credit, we at HRG keep your rates at the “industry standard” rate.

For more information about obtaining a bad credit merchant account, click below.

We Approve Merchants with Bad Credit

Posted on February 18, 2019 by admin

Is your business struggling with bad credit? Are you tired of being rejected by every lender and payment processor because of it? High risk industry businesses, even if the BBB gives them an A rating, will never attain a reasonable merchant account with bad credit. However, experienced online payment processors have quickly become the saving grace for good businesses with bad credit.

Americans now run on plastic. Unlike 30 years ago, almost any business or person can apply for and obtain large sums of credit. But mismanagement of funds, unforeseen circumstances, and emergencies have driven many businesses into bankruptcy and has obliterated their FICO scores.

The High Risk Guys (HRG) is an online payment processor that specializes in helping high risk businesses open and maintain profitable merchant accounts, regardless of past tax liens, bankruptcies, or FICO scores.

If your business has bad credit, you need simple, quick, and dependable services that only high risk payment processors can provide. The High Risk Guys offer the fastest approvals on the market. Our application only requires an electronic signature and can be approved the same day you apply. We have assisted thousands of merchants reach their goals.

When a merchant is flagged as “high risk” traditional lenders either deny their account flat out or penalize them with higher processing fees. This is because certain industries are considered risky ventures due to high instances of chargebacks or fraudulent activities. HRG recognizes that all businesses deserve the dignity of a fair merchant account rate.

The High Risk Guys provides a low hassle online resource that will offer check processing and payment gateways. Our skilled merchant advisers provide a full suite of payment processing services that will allow your business to reach its financial goals. Increase the ways that your customers can pay and see your profits boom.

Contact us to learn more about starting your bad credit merchant account today.

It Is Possible to Obtain a Bad Credit Merchant Account

Posted on January 16, 2019 by admin

Bad credit can hurt you in many ways as a consumer, but it can also hurt you if you are a business owner. One of the biggest reasons is because mainstream merchant account providers and banks do not provide merchant accounts to those with bad credit. They consider these merchants to be “high risk”, or at a higher risk of having something go wrong. This could be anything from a fraudulent charge to the closing of your business. While it may seem like having a merchant account is a no-go for those with bad credit, it is possible if you know where to look.

We all know that bad credit can hinder many aspects of our personal lives, and it can have the same effects on our business lives. While renting a building and obtaining supplies are well-known bad credit merchant problems, many do not think of having issues with a merchant account provider, and so they are nervous when they are turned down by one, two, or more merchant account providers. You need to make sure that the provider you approach is a high risk provider, such as us, here at highrisk-merchantaccount.com.

Highrisk-merchantaccount.com is one of the best bad credit merchant account providers in the USA. While others tend to run from bad credit merchants, we at highrisk-merchantaccount.com embrace them. What typically happens when a merchant has bad credit is that their account provider gives them higher processing fees. We do not do this. In fact, all of our “high risk” classified businesses have “industry standard” processing fees that will not jump up if a fraudulent charge arises. Fraudulent charges tend to happen more with high risk businesses than more mainstream businesses; however if you have been paying attention to the news, you know that any business is at risk for a fraudulent charge. Regardless, high risk companies, including those that need a bad credit merchant account, are pariahs in the industry. We at highrisk-merchantaccount.com do not punish out businesses by means of higher rates of account termination if your account receives a fraudulent charge. Instead, we help you through the process.

To start your Bad Credit Merchant Account application, click below

Build Your Business in 2015 – Even if You Are in Debt

Posted on January 15, 2019 by admin

Debt and a new business usually go hand and hand, but many merchant account processors are not a fan of this issue. Many refuse to work with businesses with bad credit, and those who do tend to jack up the processing fees. There is also the added risk of having your account closed due to a fraudulent charge, which harms your company even further. It may seem that all hope is lost, however there are ways to obtain a bad credit merchant account.

First off, you are probably looking in the wrong place if you have been turned down for a merchant account. Banks and the majority of mainstream merchant account providers want a business that is established with good credit. This is not anything close to what they would get with a new business, and they do not want the added risk of a new business owner, with his own debt, and an unproven business track record. While many new businesses do well, many do not. One of the biggest issues with any business is fraudulent charges. While these can happen to any business at any time, new businesses are typically punished for them, from having a raised processing fee to having the account dropped. This leaves your company without a way to process plastic card payments, and it typically spells “the end” for a business.

You need to search out a high risk merchant account provider. High risk merchant account providers, such as highrisk-merchantaccount.com, specialize in businesses that are not exactly perfect for one reason or another. One reason is the owner’s bad credit. One of the great things about a bad credit merchant account processor, such as highrisk-merchantaccount.com, is that processing fees are industry standard, and do not jump when you incur a fraudulent charge. Bad credit merchant account providers know the pressure that a new business owner is already under, without the added worries of having to please a merchant account provider. We at highrisk-merchantaccount.com are here for you, whether it is a common question or an inquiry about a fraudulent charge. For more information, contact us by clicking below.

Are You Having Problems with Funding for Your Company?

Posted on January 2, 2019 by admin

If you have been looking for funding for your company or a merchant account for those with bad credit then you have entered the credit circle of life. And it makes no sense to most people. You have a company and you need money. You go to your bank and tell them you need a loan or you want to open a merchant account to be able to sell goods or services. They run a credit report which shows a 550 score. They tell you they will not open a bad credit merchant account. Then another customer comes in with the same request. He has a credit score of 750. The lender smiles broadly and shakes his hand leaving you to sneak out of the bank like you were never there.

Why is it that the people that really do not need money can get it and those that need it the most can’t even get the time of day? Who died and said a credit score was now the judge of a person’s worth? Does your score show that you have worked 80 hours a week to get your company off the ground? Does it show that you have not taken a dime out of the company for months just so you could get some bills paid? Does is show how determined you are to make a go of it? Did you know that every time you applied for credit, whether approved or declined, it could make your credit score decline? How can all these people judge you just because of a low credit rating?

Even if you do have bad credit you are entitled to a bad credit merchant account. There are credit card processors that look at the whole picture and not just a number. They look at who you are and where you are going. They look at your work history. With the way the economy was, thousands of business owners went under. Some worked just to keep their heads above water. Oftentimes this means robbing Peter to pay Paul. Sometimes Peter could not be found. You did everything humanly possible to make ends meet.

Now the economy has turned the corner. Sales are increasing. Once you have a bad credit merchant account and have a processing history you have additional ways to borrow needed cash for expansion or to catch up on some of the older bills. A whole new world of advantages will open for you. You will no longer be cloistered in a shell.

You need a high risk specialist that deals with individuals and merchants with bad credit. You need the High Risk Guys. They know that time is of the essence and can have you approved within 48 hours. They treat you just as importantly as the client behind you. Plus, your rates will be among the lowest in the high risk industry.

Get the credit you deserve by opening a bad credit merchant account with the High Risk Guys today!

Bad Credit Hurting Your Business?

Posted on December 17, 2019 by admin

If a merchant has bad credit, no credit, or a bankruptcy, he can have a hard time finding a merchant account processor. While it is possible for small businesses to use PayPal as a processor, PayPal works best for those who have “hobby” careers; i.e., those who only take a few payment per week. What you need is a bad credit merchant account. While you think it may be too good to be true, it is not, and it is easier to obtain that one might think.

Most merchant account providers will not work with merchants who have bad credit, let alone no credit or a bankruptcy on their record. This can hinder a merchant, especially if they are not aware of highrisk-merchantaccount.com. We at highrisk-merchantaccount.com offer bad credit merchant accounts to those who otherwise have everything together. While a brick and mortar business may be able to survive on cash payments alone, it is not possible for the long-term, or if your business is based online. With our bad credit merchant account, you can rest assured that we will take care of any issues that may arise from terminal, software, or security issues. While we offer top of the line equipment, recent reports have shown that all businesses are at risk of a hacking. Fear not, as we can help keep your information, as well as your customers information safe and secure to the best of our abilities.

While other may claim to offer bad credit merchant accounts at a “good” rate, it is usually not so. Many merchant account providers who do accept merchants with bad credit hike up their processing rates, because they can. They think that if a merchant is desperate enough that they will not care what rates they pay. This is wrong, and it is something that we at highrisk-merchantaccount.com will never do. Our rates are industry standard, and we believe that every business deserves to be treated the same when it comes to processing rates.

For more information regarding a bad credit merchant account, contact us today

Bad Credit Merchant Account Solutions for Your Company

Posted on November 17, 2019 by admin

A recent article published by Credit Union Magazine reveals that the United States credit card industry is in trouble. Sharp declines in profits, millions of dollars in charge offs, and raising competition has put once dominant credit card giants on the defensive. Since the takeover of plastic, many consumers have found themselves under a mountain of debt, unable to manage their daily financial life without including Visa or Mastercard. This has created a plastic dependency for individuals and businesses alike, but has also generated a movement to find alternatives to credit card usage and traditional payment processors.

Currently the “Big Three” credit card issuers (Bank of America, Citibank, and Chase) make up for more than 63% of all credit card debt in America. Many credit experts blame this statistic on the loose requirements that most credit card issuers now have. Prior to the 1980s, banks reserved credit for only the most responsible of customers, but this policy only meant modest profits for banks. To increase profits, the credit industry loosened credit restrictions so that even people who were financially immature or financially irresponsible were given access to large lines of credit. Now as consumers become strapped for cash, they are reaching for plastic and defaulting on their payments. This has also created a class of people and businesses with a history of bad credit.

Luckily for businesses with bad credit histories who are looking for dependable payment processors to handle bad credit merchant accounts, there is The High Risk Guys. Your bad credit merchant account can be configured and monitored by alternative payment professionals who know the ins and outs of payment processing. If you want to take advantage of the large revenues produced by Holiday transactions, HRG can get your account approved within 48 hours. Start accepting a variety of payments from your customers like credit and debit cards. With no set up fee or application fee, why not see what our comprehensive high risk account management system can do for you.

Contact us to learn more about the benefits of starting a high risk merchant account with The High Risk Guys.

Even Companies with a Bad Credit Merchant Account Can Cash in on Holiday Sales

Posted on October 24, 2019 by admin

Any merchant who sells products knows that at least 30% of his total sales come in during November and December. January through March can be extremely dismal with February being one of the worst months. Savvy merchants know they need to be in the right place at the right time to reap the rewards the Holiday selling period has to offer. Even if a new online retailer needs a bad credit merchant account, he can take advantage of the timing,

According to a press release issued by the National Retail Federation, “If it wasn’t official last year, it will be this year – holiday shoppers are eager to shop online for their gifts and other needs. According to the survey, 56 percent plan to shop online, up from 51.5 percent last year and the most in the survey’s 13-year history. Additionally, the average person plans to do 44.4 percent of their shopping online, the most since NRF first asked in 2006.”

In plain English, what is the translation? Business Wire says retail sales in November and December of 2013 were more than $505 billion. They are projecting that the same period in 2014 will be $17 billion more. This is a lot of zeros. When you think that almost half of this money will be spent on line, you will be wondering why you did not go ahead an open your bad credit merchant account. However, it is not too late.

If you have inventory and means to ship your merchandise, opening a bad credit merchant account can have you ringing up sales within 48 hours, if not less. You definitely should not procrastinate another minute.

Why are online sales growing in popularity? There are many big reasons. Let’s look at hacking. Of all the latest big box stores, retailers and restaurants that have been hacked, not one of them reported any problems with their online sales. It appears at this time online sales are safer than card present sales.

While the price of gas is declining right this minute, who knows that the price will be at Thanksgiving? Think about the time it takes going from store to store and driving from mall to mall and you have racked up a lot of hours you could have been spending doing something more enjoyable. Using your PC while you are sitting in your favorite chair, or using your mobile device on your lunch hour, means more ‘you time.’

Now throw in the convenience of comparing prices for the same item and you have a Super Bowl winner. Remember the days of the Thanksgiving newspaper that weighed 50 pounds so they could get all the inserts and ads into the hands of the shoppers before Black Friday? You may have seen the last issue being carried away by a dinosaur.

If you want and need a bad credit merchant account so you can take advantage of the large revenues produced by Holiday sales, you can be approved within 48 hours. There is no application fee and no setup fee. For a high risk account, this is a low risk to you. Rates are some of the lowest in the high risk industry and there are numerous secure gateways available.

Contact us to open a bad credit merchant account right away!

The Advantages and Disadvantages in Mobile Payment Processing

Posted on October 24, 2019 by admin

For sure the announcement and roll out of Apple Pay is causing joy in some areas while causing worry in others. If you are a business with a bad credit merchant account it could affect you in several ways. On the con side it may cost you more per transaction but on the plus side it will save you considerably in chargeback fees.

If you are not familiar with the new payment platform, it was designed to keep up with the growth of sales by consumers using their mobile devices. It was announced and put in place prior to the rollout of the new iPhone 6. In one article Apple says it is not going to charge fees for using the new service. Another article will insist there will be larger and separate interchange rates.

Interchange rates are published online at each of the card association’s website. One of the lowest rates is for card present at a grocery store. Naturally, the higher rates are for card not present for telephone and internet purchases. If they add separate interchange rates just for Apple Pay or any other new platform, the brightly colored list may wind up being as long as War and Peace.

In a recent article on Bloomberg’s website, an anonymous source said, “Under deals reached with banks individually, Cupertino, California-based Apple will collect a fee for each transaction, said one of the people, who requested anonymity because terms aren’t public. While that gives the tech company a share of the more than $40 billion that banks generate annually from so-called swipe fees, lenders expect to benefit as consumers spend more of their money via mobile phones and other digital devices.”

So, what does this all mean to a business with a bad credit merchant account? While it seems that in all of the huge data breaches of late no on-line divisions of the companies were hacked. This is good. However, you have a high risk account because somewhere in your history you had some financial trouble. Seeing as how the middle class is disappearing all together, there are very few people who have not been in your shoes. You are doing everything possible to build your business into a viable, profitable one.

What can hurt you so badly that you may not be able to keep your account is excessive chargebacks. With the Apple Pay System it is virtually impossible for a crook to steal a credit card number and use it to make a fraudulent charge. This means that many chargebacks have been headed off at the pass and never make it to your merchant account. The sale would be declined immediately and you would not have dozens of chargeback alerts coming in 60 days after the sale.

If you do not already have a bad credit merchant account and are looking for a high-risk specialist, make sure your new processor can handle Apple Pay. It will be in your best interest. There is a high-risk processor who welcomes those who want a bad credit merchant account. There are never any application or set up fees. And you do not have to have stellar credit. In addition, high risk processing charges are some of the lowest in the industry.

To get fast approval for a bad credit merchant account contact us today!

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