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High-risk merchant accounts and gateways

The high-risk merchant account and gateways infographic summarize how to start processing payments for high-risk businessesAt E-Commerce 4 IM, we specialize in helping traditionally high-risk business owners gain and set up the hard-to-find merchant services they need. From high-risk merchant accounts to payment gateways, we will help you get the stability and reassurance you need to grow your business and get the most out of every sale. We have a large and growing number of partnerships with domestic banks, processors, and payment gateways that help us continue to provide cutting-edge services to our high-risk clients.

Online coaching, event tickets, streaming, webinar, mastermind services, and education course providers all face challenges when it comes to getting the merchant services they need. There are a couple of reasons for this, but the main one is often not knowing what to look for.

The second reason is because there are fewer merchant service providers out there that specialize in high-risk processing. This is where we come in. With our expertise and the specialized merchant accounts and gateways we can set you up with, your processing needs will be more than met.

In fact, we want to take it a step further and ensure that you have the security you need for those inevitable hiccups such as chargebacks. With our chargeback mitigation programs, you will get near-real-time notifications and assistance in dealing with chargebacks before they become a problem.

If you are ready to start accepting credit card payments for your courses, mastermind classes, coaching services, or event tickets, contact us today. We are here to help!

Start selling again if your account is frozen or shut down

We often find that many entrepreneurs are not aware when they start out on their first online business journey that they are in what’s called a “high-risk” industry. Often, they set themselves up with processing service providers like Stripe or PayPal, and inevitably face a series of problems over time. From shut down accounts to frozen funds, they frequently end up losing their ability to accept credit and debit card payments online for their products and services.

While this is far from an ideal situation for any business to be in, it is not a point of no return. If you have experienced issues like this, we’ll help you set up an appropriate, suitable, high-risk merchant account and payment gateway.

With a solid processing foundation, you can move on with confidence, knowing that your customers can purchase your mastermind services, event tickets, courses, and coaching programs with ease.

The merchant accounts and gateways you need for your shopping cart

Regardless of whether you sell educational courses, online coaching or mastermind services, event tickets, or streaming and webinars, you need access to the best platforms and software available to make your job easier. Whether that’s WordPress, Shopify, or ClickFunnels, you want to make sure you can easily accept payments online. With us, you will have a high-risk payment gateway and merchant account that integrates smoothly with the platform of your choice.

We specialize in pairing the right gateway and merchant account with the unique needs of the high-risk businesses we help. This helps us make it easy for your online-course business to take full advantage of feature-rich e-commerce platforms like, for example, ClickFunnels. Similarly, if you want to provide your webinars or masterminding services through Shopify, we will set up a gateway that works and connect it with a stable, high-risk merchant account on the back end.

If you are ready to start selling your products and services through the platform you enjoy, don’t hesitate to contact us. You can reach us here and we will get back to you as soon as possible.

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Prepare and get approved for your high-risk merchant account

To help make sure that you are going in prepared when applying for your new merchant account, we recommend these four straightforward steps:

1. Keep your “credit history house” in order

Clear up as many outstanding delinquencies or negative entries as you can (if you have any) from your credit report. Document everything related to your credit or creditor. Clearing up tax debt is also important.

2. Create a straightforward overview

Giving the merchant account provider details of your product, your plan, and how you plan on achieving success can go a long way toward helping your cause.

3. Know your anticipated highest ticket and volume

A prospective merchant bank will want to know how much volume (the amount of money) you expect to move through your merchant account each month, and what your highest ticket price will be (the highest amount you anticipate processing in a single transaction).

Please keep in mind that it is vital that you stay within your monthly volume cap. If you exceed your cap, your bank’s fraud detection software will sound the alarm. This might result in your merchant account being shut down for a period of time. You can find your volume cap in your merchant account agreement, which you should make sure to read very carefully. We can provide high-volume accounts to allow you to grow.

4. Know your business type

Banks view some products and services with a certain amount of suspicion. If you sell mastermind and online coaching, online courses, event tickets, or streaming and webinars, you are in the class of merchants classified as “high-risk businesses.” This means that you will often find yourself on the banks’ and credit card processors’ “prohibited list.” The best move, in this case, is to get in touch with a high-risk merchant services provider, like us at E-Commerce 4 IM, early in the process to help you get the high-risk merchant account that you need.

Get your high-risk merchant account and gateway

There is no time like the present. Setting up your first or additional merchant account, even when you sell high-risk products and services, can and should be simple. That is why we do what we do – pair unique high-risk businesses like yours with the best high-risk merchant account we can.

Contact us today and we’ll reach out to you and get to work as soon as possible.

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