high risk merchant account Blog Posts

By The High Risk Guys


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According to the Paychex Inc. Small Business Survey, restaurants and retailers have the highest level of awareness of EMV and its liability shift among other merchants. Paychex Inc. is a New York-based payroll and tax-service provider. More than 760 small-business owners participated in the mentioned survey between Oct. 14 and Oct. 27. Retailers and restaurants together made up 69% among other participants and were well aware of the EMV liability shift. Merchants who were well equipped to accept EMV transactions counted for 29 percent as compared with 49 percent of merchants involved in the restaurant and retail industries. Merchants representing […]

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HRG Offers The Best Credit Card Terminals For Your High Risk Business

Payment on a credit card through the terminal

Merchants involved in the high-risk industry know traditional banks and the majority of processors stay away from their high-risk business because of higher chargeback rates and risks. As a rule, they turn to alternative providers to get approved for payment processing solutions without major challenges. Payment Processing For High Risk Merchants The High Risk Guys offer high risk merchants both traditional credit card processing and next-day check payments, POS systems and terminals. HRG provides deployment services based on the size and specific needs of your business, regardless of your credit. HRG specializes in the high-risk sector and knows your business […]

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Understanding Credit Card Declines Through Reports Data | High Risk Merchant Account

Close up of credit card on a white background

Credit-card declines are very often conditioned by the so-called TC-40 reports. Let’s see what they are, how they cause card declines, and how merchants can benefit from these reports. What Is A TC-40 Report? When a cardholder claims fraud, credit card issuers file a TC-40 claim for the given payment transaction. Then, the card brands, issuers and the merchant’s acquirer receive these claims in a report called the Risk Identification Service/RIS Report for Visa transactions and System to Avoid Fraud Effectively/SAFE report for MasterCard transactions. The latter includes each transaction’s raw data, such as currency code, fraud postdate, issuers BIN, […]

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IoT Makes Financial Tech Upgrade Security – High Risk Merchant Account

online shopping

In an era where consumer financial data is constantly in jeopardy, the financial services industry must create technologies that protect data, while being consumer friendly. The “Internet of Things,” has drastically expanded the technological possibilities, but has also created some serious ethical issues about how to secure financial data. According to the International Telecommunication Union, IoT is the network of physical objects that are embedded in sensors, software, electronics, and network connectivity. These physical objects are then able to collect and exchange data. Financial services can use IoT to protect consumer data as fewer and fewer devices depend on traditional […]

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How Do High Risk Merchant Accounts Cause Unnecessary Credit Card Declines?

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A vast amount of cardholder fraud claims can cause a higher number of declines. On the other hand, there exist other actions that can result in authorization declines by card issuers. Blow you can find other actions that may knowingly be applied by merchants, thus leading to credit card declines. Not Applying CVV Capture For Checkout CVV, CVV2, and CID are the last 3 digits on the back of credit cards or the last 4 digits on the front of American Express cards. These are added to provide extra security and confirm that the person entering a card number in […]

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Cardless ATMs Make Withdrawals Safe and Convenient for Customers | High Risk Merchant Account

Shopping cart on the screen.

Cardless ATMs are set to push along the adoption of mobile wallets. Cardless ATM transactions are much faster than card-based transactions, and will make withdrawing money safer and more convenient for customers. It takes almost 15 seconds to do a cardless ATM withdrawal, as opposed to 60 or 90 seconds for a debit or credit card-based one. Bank officials believe that it will take 5 to 10 years for mobile wallets to be fully integrated into consumer lives. Still early signs indicate that cardless ATMs could be a payment processing success in the US. Although BMO Harris Bank, an American […]

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2016 E-Commerce Up, but Ground Delivery Lags Behind

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Americans shopped more online last year than ever. As a result, this holiday season saw record numbers of home deliveries. This caused drastic delays for the nation’s delivery services. Although U.S. retail sales jumped 7.9 percent, online sales surged by 20 percent from 2014 to 2015 during the holidays. Sarah Quinlan, Sr. VP of market insights for MasterCard Advisors, notes that this trend is a good indicator that consumers now have a preference for e-commerce. Data shows that online activity was heavy up until a few days before Christmas. Despite severe backlogs, many retailers were still guaranteeing next-day delivery all […]

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PCI Extends Key Encryption Deadline to 2018

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While Visa is busy coming up with new changes for merchants and customers, PCI has announced that the key encryption deadline has been extended from June 2016 to June 2018. These changes can help and hurt merchants, but they can lead to better security then merchants do switch over to Transport Layer Security (TLS) from Secure Sockets Layer (SSL). However, even though security will be improved for all, high risk merchants will still be under the microscope. While fraud is a major factor with high risk merchants, it isn’t the only issue that brings on the “high risk” labeling. Chargebacks […]

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Visa Security Technology Helps Customers and Merchants Stay Safe

Young woman making online payment

New technology means new challenges for merchants – and perhaps a wait for customers. Visa’s new security changes will affect merchants and customers, but the changes are a good thing. Everything has a learning curve, and these changes are no different. Thankfully, everyone has until January 2017 to enact these changes, so there is plenty of time to get ready. These new changes help lessen data theft and hacking in “level 4” retailers. “Level 4” merchants represent more than 90% of the 5-million-plus card-accepting merchants in the U.S., and they also account for a lot of data breaches – estimated […]

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Monthly Fees are In the Past with The High Risk Guys

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Processing fees are the bane of a merchant’s existence. They skyrocket with the least little issue, and then you also have to worry about monthly fees. These fees are tacked onto nearly every merchant account – high risk or not – in the USA, and they can end up costing you even bigger bucks if your contract specifies their rise after a chargeback. There are ways this can be combated, and it doesn’t take much time or effort to do so. If you are comfortable with your rates, charges, and current high risk merchant account you are one of the […]

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