Often when you are considered a High Risk Merchant, you run the risk of your merchant account being shut down. Often even shut down at 4:30 PM on a Friday. That is why we always help our merchants along with new merchants with a backup account. What a bank up account is, is a merchant account you run just a little volume in to keep it active. This account is then ready at moment’s notice if needed. It can be a domestic or an international merchant account. The cost is normally very little, as you are still running transactions in the account.
The purpose is that if something goes wrong with your primary account, you have a secondary account waiting to go live.
Unfortunately, we have seen it time after time that an account gets turned off and we get a call with someone who needs a new account yesterday. Often the reason an account gets turned off is not too serious or a big problem. Maybe it was just a misunderstanding or unforeseen issue. That is why a Plan B account is so important, so you are not hurry to get a new account if something happens.
To learn more about a backup merchant account or to get a plan B merchant account. We can help you even if your primary account is not with us, contact us today!
You can call us at 800-57-1347 or email us at: Contact Us