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What are Merchant Accounts?
Merchant accounts are credit card processing accounts that are opened through a bank or financial institution that is a member of a credit card network such as Visa, MasterCard, American Express, Discover, etc.
Merchant accounts allow merchants to accept credit cards from their customers. When your customer chooses to pay by credit card, the credit card terminal verifies that there are funds on the credit card. After the credit card is processed, the funds are transferred electronically to the merchant account holder’s personal or business bank account.
At the end of the day, the credit card information is transferred to the bank through the merchant service provider. The bank then secures the funds and then transfers the amount into the merchant’s bank account.
What are High Risk Merchant Accounts?
High risk merchant account providers specialize in merchants that are hard to place, that banks shy away from for various reasons. Reputational reasons or high chargebacks. We have developed relationships with the well established top tier high risk service providers including:
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