Become a Merchant Service Agent with North American Bancard

Have you been looking to become a merchant services agent but don't know how to go about finding the right sales partnership? I have put together this post to help merchant services agents find the right place to become a merchant services sales agent.

If you go online and search "how to become a merchant services agent" you will see hundreds of credit card processing companies telling you why they are the best place to work for and list of reasons. The truth is there are only a few good companies you can trust to work with. If you choose the wrong merchant services provider you could be getting ripped off on your upfront commissions, residual income and simply get treated badly.

Typically the companies (not Norh American Bancard Agent Program) you need to watch out for are the ones that set appointments for you to go to and also have the merchants sign up for leased equipment on a non-cancel-able contracts for 4 years. As an example I talked with a merchant services agent that was working with one of these companies here locally in Portland, OR. The merchant services agent called looking for a better merchant services ISO program because she had merchants that have been ripped off by the company she placed her current merchants with. This bad credit card processing company had set up the merchant with a lease on a credit card terminal for $129.00 per month for 4 years. If you do the math on this the merchant pays $6192.00 for a terminal that is worth maybe $300.00. On top of this they promise huge savings but when the merchant gets their first statement they see that it has not saved them anything and has cost them even more money, plus they are now stuck in a 4 year contract at $129.00 per month (Typical Bait and Switch). So bottom line if a merchant services provider says they will have pre-set appointments for you, run away as quickly as possible.

When I started as a merchant services agent 10 years ago I began working with these types of credit card processing companies. I quickly learned that is was a scam to the merchant and began looking at other merchant services providers. I found 3 great merchant services providers that I was looking at becoming a merchant services agent with. The three companies are North American Bancard, Total Merchant Services, and Harbortouch formally known as United Bank Card. They're all great companies and I would still recommend all of them today. For me North American Bancard had the most benefits that fit my needs as a new merchant services agent.

Here is the breakdown of why you should choose North American Bancard Agent Program for you sales partner. NAB started in 1992 as a small company with under 10 employees. Today NAB has over 700 employees and processes well over 15 million dollars annually with over 300,000 merchant in their portfolio. NAB gained this success mainly through the merchant services agent channel and simply taking good care of their people. NAB is a A+ BBB rated company and you can rest assured that they take care of merchants better then any other credit card processor out there. From huge signing bonus to the best buy rates in the industry (1.5 cents) NAB has what it takes to help you grow your merchant portfolio beyond your dreams. If you bring on 30 (50) merchants in your first 90 days as a merchant services agent with NAB you will get a $3000 signing bonus (updated: $5000) on top of your regular bonuses. You will get $200-$1000 upfront per account depending on the monthly sales volume of that merchant plus a 50/50 residual split. This a true residual split so you will make more residual income with NAB compared to other companies that mark the floor cost up and take more of your hard earned residual check.

Summery: Bottom line is if you want to become a merchant services agent simply go to North American Bancard and sign up for the merchant services ISO program today to start your career as merchant services agent on the right track. Stay away from companies that set appointment for many reasons but bottom line is you and the merchant will get ripped off while the owners of the company laugh all the way to the bank.

Become a Merchant Service Provider

When it comes to being a provider of merchant accounts there is no better choice in the industry then North Ameican Bancard. You may hear mixed reviews online but in most cases it has to do with mis-information from the sales agent or ISO that sold the account and not the merchant service provider (North American Bancard). Because processing companies like North American Bancard operate through independent contractors they relay on the sales agent to be honest and disclose all information. There are compliance restrictions in place to prevent this but North American Bancard Agent Program screens its sales agents and ISOs thoroughly before allowing the applicant to become a merchant services provider and start offering merchant processing services.

Step 1: Sign Up with North American Bancard

You will want to begin by getting in contact with North American Bancard ISO Agent Recruiting. Once in contact with a recruiter they will go over the program to make sure you are both a good fit to become a merchant service provider officially under the North American Bancard family. Once this has been determined NAB will complete the new agent registration paperwork and within 72 hours (usually sooner) your new agent office is now officially ready to sell merchant accounts and credit card processing services. This is assuming that you have successfully passed the background screening which is very strict. Being a North American Bancard Agent is a huge privilege in the merchant services industry so if you've been approved congrats and you've completed the first step.

Step 2: Marketing Plan

Becoming a merchant service provider is step one, but after you have that complete now what? One of the huge benefits of starting out as an agent is that you don't have to come out of pocket to become a merchant service provider (Agent). This saves thousands in registration fees ect. There is another level of merchant service provider you can obtain after proving yourself as a successful merchant services agent. You may also become a registered ISO which gives you other added benefits which I will not get into on this post.

Hopefully before you start the process of becoming a merchant service provider you have done some research and have a plan to possibly start with your warm market or circle of influence. If you have not done any preliminary research then now is the time to start coming up with a marketing plan. How do you plan on marketing your credit card processing business? There are many ways of producing new sales especially with the products and service North American Bancard offers merchants. Get in touch with your national sales manager if you have questions and we can help.

Step 3: Summery - Merchant Service Provider

This article has been chopped down and summarized to hopefully hold attention and a helpful quick read on the topic of becoming a merchant services provider. I hope you have found the previous steps helpful in answering the question "How to become a merchant service provider". Step 3 is simply use your success, repeat and keep growing. I know this can be easier said then done but if you have a strong work ethic, drive for success and a basic marketing plan then you will have a good foundation for success as a merchant service provider with North American Bancard.

Why Use a Merchant Cash Advance Broker?

If you are a merchant in the current economy then you know how though it can be to turn a profit. With this said, merchants are turning to alternative business funding like merchant cash advance programs to secure funds to help grow the business. Because there are so many merchant cash advance lenders willing to tell you they can get you funded to find out that for whatever reason they were unable to get the loan funded. This is a waist of time for everyone involved. Also this is where a merchant cash advance broker may be a good fit.

Why Use a Merchant Cash Advance Broker?

When you turn to a merchant cash advance broker for options on obtaining funds for a business loan there are may benefits that you will find. The main benefit is that typically, if your dealing with a seasoned professional in the merchant cash advance business they can tell you right away how much you can qualify for, what is the rate, how soon you can get funding and your approval odds (In most cases they can tell you will be approved 99.9%).

Being a merchant cash advance broker allows the broker to be able to shop the business lending market place that offers these type of alternative business loans. This enables the broker to find the best possible deal for each individual client. In the case of a higher risk business, this will open more options for lending and could be the difference of getting funded or not depending on the situation. Most merchant cash advance brokers have over 20+ relationships with merchant cash advance lenders that end up fighting for each loan making it competitive so the lenders give the lowest rates possible. 

Become a Merchant Cash Advance Broker

Shaw Merchant Group is always looking for the best sales professions to work with our office and grow together. Shaw Merchant Group offers the merchant cash advance agent program in the business. With over 20+ relationships with merchant cash advance lenders we have the network of lenders to get your deals funded for you clients at the best possible rates.

Commission for selling merchant cash advance deals will depend on the lender that funds each deal. Typically you will get a few offers to choose from based on volume, bank statements ect. Since each lender wants to earn your business they will also offer you the highest commission to send the deal their way.

Best Cash Discount Program for Merchants and Agents

Merchants and merchant services sales agents are always looking for a way to cut cost. Because of changes in the credit card processing industry, merchant processors are now able to offer cash discount pricing as a benefit to merchants. This exciting new change allows the merchant to pass on 100% of the cost to their customer in a way that rewards the customer for using cash. 

With this option utilized properly, saving merchants thousands while offering their customers a bonus for paying with cash is a no brain-er. With no more monthly cost for processing credit cards, merchants can free up funds to use on other things for the business. With the current economic situation this is the direction most small-mid sized business owners will be going. Because the consumer population will be adopting this process on a more regular basis it will be common for consumers to expect a Cash Discount Program more often.

Call Today: 855-200-8080

It's easy for merchants to get set up with the Cash Discount Program by visiting one of our trusted merchant services sales agents. Visit North American Bancard's Cash Discount Program website and complete the contact form to get started today. You can also get more detailed info and talk to a merchant account sales agent that can go over the exact benefits you will get for your business based on your business type. The Cash Discount Program is not for all businesses so we recommend that you speak with a seasoned Credit Card Processing Agent to make sure your business is a good fit.   

Are you a sales professional looking for the best opportunity to make a 6 figure income? North American Bancard's Cash Discount Agent Program has proven to make sales agents more money then ever. With the huge need for merchants to convert to the new cash discounting program the profit potential is unlimited. With dedication and a partnership with North American Bancard you can become the next successful merchant services sales agent. 

Why Choose North American Bancard's Agent ISO Program

If you are an agent that is excited about being in merchant services and is ready to get going, then one of the first things that you will need to do is select an agent ISO program to work with. Operating under an ISO program is a surefire way to get a good jumpstart on your career in merchant services and make sure that you have all the resources that you will need to succeed. If you are in need of a partner, then you should strongly consider North American Bancard, which already has one of the best reputations in the industry. Here are some of the benefits that you can expect when you work with North American Bancard ISO program for merchant services sales.

Good Bonuses

One of the main benefits of working with NorthAmerican Bancard Agent Program is that they have a wide range of bonuses to offer you in the event that you perform well as an agent. When you work with North American Bancard, you can be sure that your good performance won’t ever go unnoticed, and that is a very valuable and unique thing to have when working in merchant services.

Reliable Payments

Getting reliable, accurate, and on-time payments might sound like a basic thing, but there are ISO programs out there that do not live up to this expectation. When you work with North American Bancard as your supplier of merchant services to sell, you can expect that you will receive your residuals and other payments in the accurate amount on a punctual basis. This makes it easier to foster a healthy and product partnership.

Comprehensive Dashboard

Having an amazing dashboard to interact with is highly valuable for a number of reasons. For starters, with the North American Bancard Agent Program dashboard you will be able to see payment information as well as other information pertaining to your arrangement, residuals, and contract. In addition, you’ll also be able to access a wide range of marketing materials, product information, and other resources that can help you succeed as an agent.

Diverse Suite of Services

Working with North American Bancard Agent Program will unlock a wide range of services that you can offer to merchants in a variety of industries. With a diverse set of solutions, you can be confident that you can meet the needs of your merchants regardless of how unique and specialized that they are.

How to Become a Registered ISO for Merchant Services

If you’re looking to make a name for yourself in the merchant services industry, then you have probably, at one point or another, considered becoming a registered ISO. In the merchant services industry, becoming a merchant services ISO is one of the highest levels that you can achieve. Becoming an ISO is a highly desirable position to be in because it opens up your earnings to an entire new world of potential. You’ll gain access to more revenue streams and you will also be able to market your services under your own unique brand instead of having to operate under the umbrella of another company.

However, the process of becoming a registered ISO is not one that happens overnight. Becoming an ISO requires that you have a large budget for paperwork, legal, and administrative expenses. You will need a considerable amount of resources to become an ISO in a timely manner and have success in the transition process. This short guide will show you the steps that you will need to take if you want to become a registered ISO and enjoy the benefits that the status has to offer.

Steps to becoming an ISO

Pick Your Business Name

The first step in the process is picking your business name. Though it seems like an arbitrary thing, you should take great care in selecting your name since it could play a large part in your branding and marketing efforts.

Pick A Business Type

Once you have a name picked out, the next thing that you will need to decide is which business type you want to register as. This decision will vary based on your situation and who you are going into business with.

Register With Your State

Next, you will need to register your ISO with your state. It is important that you make it known to your state that you have registered as a business so that you can legally be identified by the right business name.

Get Your Permits

Without the right permits, you won’t legally be allowed to conduct any business. Be sure to not neglect this very important step. Consult your local relevant governing bodies as well as your state and federal guidelines, as well. Get your business permits and any other permits that you need to operate a business in your area.

Register With Relevant Tax Agencies

If you are going to operate an ISO, then you need to ensure that you are compliant with all tax regulations as well. Be sure to register with the relevant tax agencies to make your business known and compliant.

Find A Sponsor

The next thing you will have to do is find a sponsor program that you will operate under. Though you will retain your own name, the sponsor that you select will be providing the merchant services that you sell to your clients. Finding a good one is very important to the success of your business.

Sell Your Services

Once you have finalized things with your sponsor and completed every other step of becoming a registered ISO, you are ready to sell your services. You can bring other agents on board and start expanding your lines of revenue with a lucrative merchant services ISO program business model.

Guide to Selling Merchant Accounts for ISOs

ISOs are some of the most important organizations in the entire merchant services industry. They are responsible for taking in sub-agents, serving merchant accounts, driving sales activity, and more. As such, it is important that any ISO has all the tools that they might need to sell more merchant accounts and have more success. This list of actionable tips will give ISOs more insight as to what they should be doing if they want to grow their business and take in more revenue than ever.

Pick Your Targets
If you are going to have success in selling merchant accounts as an ISO, then you are going to have to learn to pick your targets when it comes to merchants to target. When targeting merchants to sell to, there are certain things that you should gravitate towards and there are others that you should avoid. For instance, you should try to avoid any business that isn’t in your same state, conducts sales online, or is considered unsuitable for the solutions that you have to offer. Not wasting energy on merchants such as these will free up your time for productive ventures and merchants that you can better serve.

Always Network
If you are in sales of any kind, networking is one of the best things that you can do to increase your chances at good sales. In merchant services, it is especially important to network since your clients are all business owners and in the business world, reputation spreads fast. You can do a lot of good for your ISO business by simply making sure that you network properly and meet as many new merchants as you can.

Evaluate Profit Potential
Before you pursue a merchant, one of the things that you should do is evaluate the profit potential that their account will represent. This will often tell you if it is going to be worth the time to open them up an account or pursue them as a sales opportunity. Without the right amount of profit, your attention, time, and resources would be better spent elsewhere.

Be Careful With Discounts
If you’re trying to make a sale and you’re very eager, you might be very tempted to provide any discount that you can come up with to your merchants in an effort to close the sale. However, it is important that you realize not only the value of the solution that you are offering, but also the value of your time. Make sure that you don’t go too crazy with the discounts, or you will end up with a contract that isn’t going to end up being profitable for you.

Best Cash Discount Program for Agents

If you are an agent or another seller of merchant services, then you are always looking for ways to help attract new merchants and show them the benefits of working with a merchant services partner that understands their needs. If you are looking for an amazing benefit to provide your merchants, then a cash discount program is one of the best options that you should keep in your pocket. However, making the cash discount program work as a proper incentive comes with some caveats. Finding the best cash discount program is essential because it provides you with even more value to the merchant and further entices them to use your service for their merchant processing.

Why a cash discount program?

If you are trying to entice a merchant to sign on with your merchant services, then there are many reasons for why you should choose a cash discount program as the motivator for your merchant. A cash discount program comes with plenty of benefits that make your services more attractive.

The first is that a cash discount program offers a higher margin to the merchant that decides to use a cash discount program. While the customer is perceiving it as a positive for them, the merchant also benefits from avoiding having to pay processing fees and instead passing those fees onto the customers that choose to use credit cards through a processing fee on the receipt. With more margin, business owners have more room to work with to provide consumers with amazing value.

The next is that working with a merchant services company with a cash discount program allows merchants to market the benefit of paying in cash to their customers. Customers, when paying in cash, will feel as though they are being given a great deal and be happier with the merchant. This increases customer retention and conversion rate.

How to pick the best cash discount program for agents

If you are looking for the best cash discount program to offer your merchants, then there are some key factors and characteristics that you should be looking for. Here are some of the best tips for finding the best cash discount program for agents to offer to their merchants.


One of the first things that you should look for in a cash discount program for your merchants is the amount and quality of marketing materials and literature that they have available for merchants to use to advertise the program and make it known that it’s available.

POS Integration

A very important part of the entire process is finding a cash discount program that is easy to implement with their POS system. With POS integration and ease of use, you will find that selling a cash discount program is far easier.

Transition Assistance

Any business owner wants to know that the transition from a regular checkout process to a cash discount program is going to be a smooth one. They want to ensure that their customers won’t be upset or confused about the transition. If you’re able to provide the merchant with assistance from the offering company, your chances of making a sale will inevitably be higher.

Agent Success Guide: Merchant Services ISO and Agent Office

When you're in the payment processing industry, you need relationships that you can count on and partners who can open doors to the right opportunities. If you run a growing business in merchant services, Shaw Merchant Group wants to be that reliable partner for you. Whether you are a merchant services sales agent, a small ISO, or are simply looking to get started in the industry, SMG can help you reach for the stars. We are a broker with solid relationships throughout this industry, and we work with some of the best processing firms in the business. SMG has helped countless merchant services sales agents and credit card processing ISOs connect with the right merchants and build the kind of enterprises that make huge residuals for years to come.

For us, our number one priority is the customer and thier needs. We believe that a truly lucrative long-term business can only be achieved after carefully studying what the customer wants and providing the kind of solutions that will last well into the future. This is why we at Shaw Merchant Group offer a diverse collection of customizable solutions that you can bring to your clients in order to give them the exact kind of service that they need. This is also why we pride ourselves in living on the bleeding edge of the field and embracing new technology as it finds its way into the industry. In our view, this is the only way to guarantee a high retention rate among customers, and long-term passive income for ourselves and our merchant services sales agents. SMG holds that seeing the bigger picture and serving a diverse amount of clients is the best approach to take.

Shaw Merchant Group has worked with many different sides of the industry, including ISOs, bankcard processors, merchant processing banks, electronic payment platforms, check processing companies, e-commerce, gift card processors, ATM distributors, as well as added-value product providers. We can use our strong connections in this industry to make your business reach its full potential and become the kind of success that you envisioned it to be.

With Shaw Merchant Group, you have experts on your side who can deliver results and give you advice. No matter what sort of solution you need to provide to your merchants, Shaw Merchant Group has a plan for you to make your vision a reality. Whether you are new or you have found yourself growing faster than you previously expected, get into contact with SMG to find out what you can do to move forward. We offer merchant services ISO programs for those who are ready to take the next step, and sales agent recruitment programs for those who are looking to expand their business past a one-man operation. If you are an agent yourself who is looking for a challenge and a good merchant services ISO program to work with, we can help you, too.

When you are fighting to reach your goals in the tough world of merchant services, you need a company who knows what they are doing. Let us help you grow faster than you ever thought possible!

Becoming a Merchant Cash Advance Agent or ISO

For many businesses, getting a cash advance from their merchant services provider is a fast and easy way to get financing. With the rise in popularity that these products and services have experienced, there is also an opportunity for sales professionals to boost sales and earn more revenue by adding merchant cash advance services to their list of offered products. For merchant services agents, this addition to your suite of products could net you thousands more of income each year and expand your valuable relationships with your business clients.

However, if you’re going to add this to your suite of offerings, then you should become familiar with what it means to become a Merchant Cash Advance Agent and what you can expect when you start working with clients to fulfill their short-term lending needs.

Meet your customer

The first step to becoming a merchant cash advance agent is to learn about who your customer is. Short-term business lending has a very specific type of customer that is the most common purchaser of these services. Typically, a business that comes to you about short-term lending or accepts your proposal for short-term funding is going to be a new business, a high-risk business, or a business that has bad credit. The goal of merchant cash advance services is to provide these types of business with services that they might not otherwise be able to get, given their current circumstances.

Though short-term lending can be a lucrative business, interest rates are typically much higher than other loans and you’ll be dealing with clients that you’re not always sure will be able to pay the loan back. This is mostly the reason for the raised interest rates, and commissions as well. However, with the right client selection and a proven suite of products and services, you can bolster your commissions by simply offering these services to your already-existing and new clients.

Why choose Shaw Merchant Group?

If you are going to be successful in becoming a provider of merchant short-term lending, then you need to choose the right partner to provide the services. For experienced professionals as well as beginners, Shaw Merchant Group is the go-to partner for merchant short-term lending. They are widely known as being the most trustworthy, reliable, and cooperative partners in the industry and they give you the tools you need to be successful in merchant services.

In addition to providing you with the resources you need to be successful, Shaw Merchant Group is also highly reputable because of the high commissions that are paid out to sales reps that choose to work with this industry giant. If you want to maximize your earnings potential, then you should work with the partner that has helped countless other individuals do the same thing.

Pros of offering merchant short-term lending

When you hear of short-term lending, you might be hesitant. However, this specific product is specially designed to give businesses the resources they need to fund operations, get back on their feet, and otherwise thrive in times of hardship or simply lack liquidity. Short-term lending is a very lucrative industry, but it is also mutually beneficial. The lender earns income while the business gains access to capital that they desperately need. Here are some of the benefits of working with merchant short-term lending.

Very profitable

This is the reason that many reps choose to work in merchant lending. This is a profitable industry that always has a need. The demand won’t go down for lending for businesses, and it is a recession-proof industry as there will always be a need for short-term lenders to keep businesses afloat and fund operations.

High commissions

Not only is the revenue from this industry high, but so are the commissions. This makes it easy for you to maximize your earnings potential and really expand your income. Adding merchant lending to your portfolio of services is a great way to give a boost to your commissions.

Use your existing network

For those that already offer merchant services, adding merchant lending to the mix is not a huge leap. In fact, you can leverage your existing network to offer these services to your clients and expand your revenue without having to do the ground and leg work of finding brand new clients.

Help your clients

You might look at selling financing as a way to make money, but you should be looking at it from their point of view. This presents you with an opportunity to help your business clients in their time of hardship or when they have a shortage of cash. Not only will you earn a high commission off of these sales, but you will also be able to bolster your positive relationship with your clients.

Expand your reach

Offering more services makes you more appealing to more businesses. When you add financing to your list of services, you can serve a wider range of clients. This boosts your sales and your reach.

Merchant Account Reseller Program

Wondering what credit card processing company has the best Merchant Account Reseller Program? Well the short answer is North American Bancard's merchant account reseller program. North American Bancard offers credit card processing resellers the opportunity to make unlimited income, both upfront and monthly residual income. North American Bancard Agent Program is rated A+ with the better business bureau and also has been named ISO of the year by the 2014 ETA awards which is the best award you can get as a merchant account provider. These are just the tip of the ice berg of what you can expect as a reseller of merchants accounts with NAB.

Here are a few more benefits that you can get with NAB's reseller program:

1. Up to $20,000 signing bonus. This has to be done in a 120 day window from when you turn in your first account.

2. Up to $5000 per account upfront bonus based on the merchant's monthly sales volume. You will get a $500 bonus and a conversion bonus based on the merchants sales volume which is paid daily to your bank account.

3. 50% residual income every month. This is a true residual split, your cost is 1.5 cents above interchange and anything above that is split 50/50 between you and North American Bancard. Example: if the profit on an account is $100 per month gross. Your split is $50 per month.

4. Ongoing training program to keep you up to date on sales strategies, lead generation, new things that pop up in the credit card processing industry, and much more. NAB offers personal training as well as self training courses to go at your own pace. If you are new to the industry this is hands down the best training you will get.

5. Medical Insurance Reimbursement: If you are selling at least 10 merchant accounts per month NAB will cover 50% of your medical insurance up to $300. This is a one of a kind program that only NAB offers to resellers.

6. Free Equipment and Software for all your merchants. NAB has an extensive inventory of credit card processing equipment and software that is 100% no cost to the merchant. NAB will place a free terminal or software at no cost to your merchant. This is an attractive offer these days because merchants tend to get stuck leasing the equipment at high monthly cost. We place the same terminal with the merchant for free without any hidden fees.

7. Marketing Portal: You will have access to a library of marketing materials like business cards, tri-folds, one sheets and much more.

8. Merchant Tracking: We provide a back office CRM tracking system to extensive track your merchants production, trends and more. This is one of the most state of the art tracking systems in the credit card processing business.

9. Lead Wizard: NAB has a proprietary lead generation systems that gives you access to business records for potential merchants in your area. This includes both new and existing businesses to give you an advantage in the market place.

10. Reimburse Early Termination Fees: NAB will cover up to $300 to cancel their current merchant account provider. This will allow you to overcome basic objections of why some merchants don't switch providers.


Please feel free to visit the North American Bancard merchant account reseller program website to get more info and to get started as a reseller with North American Bancard.

High Risk Merchant Accounts & Credit Card Processing Summery

There are so many companies that are offering high risk merchant account solutions to various users without any restriction over geographical regions but before you apply for such services it is good to gain huge information about facts related to high risk merchant accounts. Spend few minutes here on this page because this guide will provide you well researched information about high risk merchant accounts so that you can manage your tasks easily ahead.

About High Risk Merchant Accounts:

High risk merchant accounts are simply opened in order to process credit cards but they come under the list that identifies that particular merchant at high risk at all bank branches. This high risk status tagged to any organization usually depends upon type of industry you are owning and amount of total charge back that you face at the time of routine business course. Just for an example if we consider a travel business company then it is considered under high risk just because of the possibilities of booking cancellations. As we all know that travel related works are affected by so many external factors such as changing weather conditions as well as mood swings of customer. Most of the times owners of these types of companies may receive more than usual amount of charge back and thus they come under the category of high risk merchants. One more example can be adult related businesses where consumers use to claim that they never visited any adult website as it was not for them and may ask for charge back. For such type of businesses where customers can claim that this site was not for them so their amount must be returned it is important to keep proper track of customer transactions and all visits. In case of face to face transactions, it is good to have signature on credit cards receipts that may secure every transaction and can reduce changes of claims for charge back. For these high risk merchants it is important to handle charge backs carefully in order to save profits and run business on proper track.

Why a business is considered on High risk?

In case, your business type comes under the list of high risk merchants then also there is no need to give alarms for this particular information and you are able to process all your credit card transactions normally. Some banks may need additional background information or some kind of business financial details in order to accept your credit card for processing. Some of these banks may charge higher processing rates whereas others may ask users for some reserve deposits in their account. Once you become able to create a positive feedback about your account then these banks will again classify you as low risk merchant. To verify this state of positive history of accounts, banks will monitor your transactions and charge backs for six months to one year of span and then will identify you as blow risk merchant if everything goes perfect.

One of the most important things that you have to understand about high risk factor is that your risk categorization depends upon regulations and guidelines of risk department at your area. In case if guidelines are little relaxed then you can easily avail a merchant account but if there are lots of restrictions about it then you have to take care at every step. Visit North American Bancard Agent Program to get more details on becoming a credit card processing ISO.

List of high risk business types

This list not even includes all organizations or industries but it covers most of them:
  1. 1 to 800 type of chat websites.
  2. Airlines and airplane charters.
  3. All pornographic merchants that are running adult websites, dating services, book stores for adults as well as escort services.
  4. Google stores, yahoo as well as Amazon.
  5. Annual contractors as well as antiques.
  6. Automotive brokers and auctions.
  7. Brokering as well as bankruptcy attorneys.
  8. Casinos, gaming, gambling and calling cards.
  9. Various check cashing services.
  10. E-cigarette sellers.
  11. Collection agencies, reward point programs and coupon services.
  12. Repair of debt and credit, counselling and protection of credits as well as debt collection.
  13. Direct selling and discount health type medical programs.
  14. eBay stores and eBooks.
  15. Various electronic products.
  16. Exporting services as well as fantasy websites for sports.
  17. Financial planning, advising as well as strategy.
  18. Horoscopes, psychic services and astrology websites.
  19. International merchants and import export of cargo.
  20. Investment books, firms and strategies.
  21. Lotteries, life coaching and lawyer referral type services.
  22. Magazine sales as well as subscriptions.
  23. Membership type organisations, modelling agencies and various multi currencies.
  24. Multi level marketing services.
  25. Downloading of software, movies and music that come under copyright act.
  26. Establishment services as well as in bound or outbound based telemarketing services.
  27. Replica sales for handbags, sunglasses, wallets as well as watches.
  28. SEO services and various social networking website like MySpace, Twitter and facebook.
  29. Talent, Telecom and Telephone companies.
  30. Third party processing as well as time share type advertisements.
  31. Tour and travel services including vacation planners.
  32. Sales of vitamins and supplements that may include various diet pills, pharmacy, health supplements and prescription pills.
  33. Voip services and various companies offering extended warranty services.
  34. All types of weapons like ammo, stun guns, knives and simple guns etc.
This is a short list that includes few major business types of High Risk Merchant Services category but actually it incorporates many other business owners too. Usually it is difficult to open a bank account for high risk type businesses but if you get better assistance from some service providers then your task may be executed easily. Generally these account applications take many weeks for processing on the other hand you also have to pay some start up fee. You need to take personal guarantee for repayment of complete loan and sometimes it is possible to add some collateral that means you are at high risk of losing your property or business in case you are not able to repay the loan amount. Shaw Merchant Group provides quality services for management of high risk merchant accounts and assures you opening of this account within 72 hours as maximum limit. Your application will be processed quickly and it is much easier to navigate complete process; one more thing to note is that you need not to pay any application processing fee in advance so all your task will be executed with trouble free systems and you will be able to get access to your new merchant account as soon as possible.

You might be aware of the complicated structure of payment processing industries; one must take care for every processing as it must ensure trustworthy results. There are no difficulties associated with high risk merchant account processing but all you need to do it practice for landing back on low risk platform so that your credit card processing rates can be lowered. Market is full of competitors and if you are high risk type merchant then you have to pay more attention towards your overall growth. Various guidelines are decided by different regulatory authorities and they must be followed carefully to avail easy processing services for credit cards. As most of business types come under this category so better idea is to have proper control over your business cash backs so that banks can monitor positive outcomes from your business. Once you are able to control your cash backs then it becomes easier to process all transactions easily. The processing rates for high risk type credit cards are more and for every transaction owners suffer some loss for their profit share so it is good to maintain proper track of your business in order to get proper flow of outcomes so that your business can be soon categorized as low risk type. Various service providers are available in market for providing easy account opening services to high risk type business owners; you can check details online and avail best facilities for all your finances. Shaw Merchant Group service providers are well known for their trustworthy services as they are dealing in same area from so many years. Remember that such type of account are not allowed for sharing and if bank recognize you as an defaulter then your status will get terminated immediately.

Getting an E-commerce Merchant Account?

E-business owners, who ѕtrоnglу wish to ореrаtе in the online wоrld, nееd to аdорt thе оnlу possible mеdіum оf рауmеnt tоdау, which аrе сrеdіt cards. Thоugh, thе idea of сrеdіt саrd ассерtаnсе іѕ not new, уоu mіght still be confused аbоut mаkіng уоur payment system hіghlу еffісіеnt аnd reliable.

If уоur buѕіnеѕѕ is ѕtіll lіmіtеd wіthіn thе bоundѕ оf thе conventional mоnеу orders as the mоѕt рrеfеrrеd рауmеnt mode, thеn уоu might juѕt bе lоѕіng оut оn some major business орроrtunіtіеѕ. Today, most оf thе сuѕtоmеrѕ рrеfеr tо mаkе рауmеntѕ through credit cards, аnd therefore іf your buѕіnеѕѕ іѕn't сараblе оf accepting credit саrd рауmеntѕ, thеn you аrе mіѕѕіng out mаjоrlу оn these рrоfіt mаkіng орроrtunіtіеѕ.

If you wish tо turn more еffісіеnt аnd expand your buѕіnеѕѕ аррlісаtіоnѕ, then ѕіmрlу gеt аn есоmmеrсе mеrсhаnt ассоunt tоdау. An есоmmеrсе merchant ассоunt еmроwеrѕ уоu with the аbіlіtу to еаѕіlу рrосеѕѕ the рауmеntѕ mаdе by thе сrеdіt/dеbіt cards. Bу ореnіng uр аn ассоunt, уоu аrе ѕubѕсrіbеd tо all the ѕеrvісеѕ оffеrеd by thе е-рrоvіdеrѕ оr thе merchant bаnkѕ.

Thеrе аrе a lаrgе numbеr оf есоmmеrсе mеrсhаnt account ѕеrvісе рrоvіdеrѕ уоu can choose frоm. Eасh ѕеrvісе рrоvіdеr hаѕ іtѕ own dіѕtіnсtіvе terms and соndіtіоnѕ оf ѕеrvісеѕ. Some аrе more еxtеnѕіvе аnd оffеr international merchant ассоunt services, while оn thе оthеr hand, some аrе limited within thе bоundѕ of thе dоmеѕtіс ѕеrvісеѕ. Hоwеvеr, mоѕt of them rеfuѕе to provide their ѕеrvісеѕ tо thоѕе traders whо have bаd or hіghlу rіѕkу сrеdіt hіѕtоrу.

Sоmе оf thе есоmmеrсе mеrсhаnt ѕеrvісе providers charge nоmіnаl service fееѕ whіlе оthеrѕ offer іt fоr frее. Thе main difference in thе ѕubѕсrірtіоn cost is dеfіnеd bу thе lеvеl оf ѕесurіtу offered by the service provider. The ѕеrvісе providers which offer bеttеr ѕесurіtу standards, software tооlѕ, аnd аррlісаtіоnѕ might сhаrgе a little more. Hоwеvеr, іt would bе wrоng tо rеlаtе thе соѕt оnlу wіth thе security lеvеl оf a рrоvіdеr'ѕ ѕеrvісеѕ.

Hence, before opting fоr a ѕuіtаblе ѕеrvісе рrоvіdеr, all features muѕt bе аnаlуzеd аnd options must be еvаluаtеd. Stісkіng to the оld and оbѕоlеtе рауmеnt mеthоdѕ will nоt only соѕt a lot to your buѕіnеѕѕ, but аlѕо may rеѕult іn unwаntеd ѕеtbасkѕ аnd inconvenience. Puttіng уоur buѕіnеѕѕ іn thе online wоrld rеԛuіrеѕ ѕkірріng of traditional рауmеnt methodologies.

By getting аn есоmmеrсе mеrсhаnt account, уоu іmраrt a secure and rеlіаblе рауmеnt system to уоur buѕіnеѕѕ wіth nо рrосеѕѕіng limitations. Getting a mеrсhаnt ассоunt іѕ еаѕу аnd fаѕt. Just make ѕurе уоu роѕѕеѕѕ a ѕоund сrеdіt hіѕtоrу аnd уоur mеrсhаnt ассоunt will gеt sanctioned easily.

Hіgh Risk Merchant Account Provider

Hіgh risk merchant ассоunt рrоvіdеrѕ асt аѕ a рrосеѕѕіng gateway that hеlрѕ аnd рrоtесtѕ thе соmраnу frоm any frаudulеnt trаnѕасtіоn. They help аnd аѕѕіѕt сlіеnt іn establishing their mеrсhаnt ассоunt. Hіgh risk mеrсhаnt ассоunt рrоvіdеrѕ аrе a unіԛuе tуре оf merchant рrоvіdеrѕ thаt аrе specifically trаіnеd to handle an ассоunt thаt hаѕ a higher or a grеаtеr frаud incident.

A buѕіnеѕѕ mау bе сlаѕѕіfіеd as a hіgh risk ассоunt when іt fаllѕ undеr categories lіkе: unrеgіѕtеrеd business entity, unstable credit hіѕtоrу, blасklіѕtеd by оthеr рrосеѕѕіng companies, generates lаrgе ԛuаntіtу оf trаnѕасtіоnѕ аnd thе likes. Businesses lіkе online gаmblіng аnd аdult wеbѕіtеѕ аrе the bеѕt еxаmрlеѕ for a high rіѕk account.

A good account рrоvіdеr hеlрѕ and аѕѕіѕtѕ hіgh rіѕk businesses іn setting uр аn ассоunt. It hеlрѕ buѕіnеѕѕ оwnеrѕ іn ѕеttіng uр an account internationally оr аnуwhеrе іn thе wоrld. Thе ассоunt рrоvіdеrѕ аrе nоrmаllу gіvеn thе full аuthоrіtу tо facilitate, mаnаgе and рrосеѕѕ transactions. Thеу wіll асt іn уоur behalf. Aѕіdе from that, they wіll protect уоu frоm аnу frаudulеnt transactions.
Yоur іnfоrmаtіоn will bе kept соnfіdеntіаl. Addrеѕѕ vеrіfісаtіоn ѕеrvісе also knоwn as AVS іѕ a kіnd of verification ѕсhеmе thаt thе ассоunt рrоvіdеr uѕеѕ to specifically screen out clients whо uѕеѕ fісtіtіоuѕ names оr thоѕе who ѕіmрlу ѕtеаl money bу uѕіng other people's ассоunt іnfоrmаtіоn. Using multiple сrеdіt саrdѕ is strictly рrоhіbіtеd by thе buѕіnеѕѕ merchant рrоvіdеr bесаuѕе this is a sign аnd a ѕtrоng indication оf a stolen сrеdіt саrd.

Wіth the help оf аdvаnсе technology, high rіѕk mеrсhаnt ассоunt рrоvіdеrѕ саn help уоu create аnd process trаnѕасtіоnѕ safely аnd securely. Nоrmаllу, a high risk mеrсhаnt ассоunt pays hіghеr rаtеѕ оr fees bесаuѕе the ассоunt іѕ far more соmрlісаtеd аѕ соmраrеd to thе nоrmаl ассоuntѕ.
Hоwеvеr, good buѕіnеѕѕ mеrсhаnt ассоunt providers ѕhоuld be аblе to рrоvіdе рrоtесtіоn fасіlіtу, rеаѕоnаblе ѕtаrt uр fees, processes trаnѕасtіоnѕ іn rеаl tіmе, offers ԛuісk аррrоvаl tіmе, оffеrѕ 24 hоurѕ technical ѕuрроrt аnd оffеrѕ diverse payment орtіоnѕ. If уоu аrе рlаnnіng tо create a mеrсhаnt ассоunt, mаkе sure thаt уоu hаvе thоrоughlу rеvіеwеd уоur орtіоnѕ. Mаkе sure thаt you fullу undеrѕtооd what іt іѕ thаt the соmраnу hаѕ to оffеr. Ask ԛuеѕtіоnѕ іf needed. Remember thаt nоt all рrоvіdеrѕ аrе fully еԛuірреd with complete rіѕk mаnаgеmеnt fеаturеѕ tо fully ѕесurе thе buѕіnеѕѕ. In general, tесhnоlоgу is сrеаtеd tо hеlр реорlе еxесutе certain wоrkѕ fаѕtеr and еаѕіеr. Know the ѕуѕtеm, undеrѕtаnd thе ѕуѕtеm аnd mаkе thе ѕуѕtеm wоrk fоr you. Evеn high rіѕk businesses wаntеd to ѕеt uр a buѕіnеѕѕ mеrсhаnt ассоunt because іt does dеlіvеr соnvеnіеnсе.

Hоwеvеr, you must undеrѕtаnd that mеrсhаnt рrоvіdеrѕ dо ask fоr fееѕ іn exchange fоr thе соnvеnіеnсе thаt іt dеlіvеrѕ. Thе оnlу thіng that mаkеѕ one provider different frоm the other іѕ thе rаtе аnd thе аmоunt оf fееѕ thаt thеу сhаrgе. Hоwеvеr, thіnk оf іt this way: іf уоu are a buѕу реrѕоn who owns еіthеr a big or a ѕmаll buѕіnеѕѕ, tіmе іѕ іmроrtаnt and bу ѕіmрlу bеіng able tо transact vіа оnlіnе, thе very system hеlрѕ уоu save time, money аnd еffоrt.

How to get a High Risk Merchant Account

In the merchant services industry there are certain business types and industries that are considered "high risk" when it comes to setting up credit card processing for these high risk businesses you need to deal with a merchant account provider that handles high risk merchant accounts. The other factor that you will need to be aware of is trying to obtain a traditional merchant account with bad credit.

The good thing about this is that there are a ton of merchant processing companies that are happy to help. We have partnered with the top 5 high risk merchant account providers to ensure that our merchants get the best service levels, lowest processing rates and fees in the credit card processing business. Depending on the processing company that you choose they may consider you as a high risk business where another processing company might not. This mainly depends on the underwriting departments guidelines.

High Risk Business Types:

Amazon, Google or Yahoo stores - 800 chat websites - Airlines - Adult Services - Auctions - Bad Credit - Brokering - Biz Opps - MLM - Cigarette, Nicotine and E-cigs - Collection Agency - Credit Repair - Debt Consolidation - Direct Sales - eBay Stores - Firearms - E-books - High Average Ticket - International - Investment Firms - Life Coach - Lottery - Mail Order - Terminated Merchant File - Pawn Shops - SEO Services - Social Networking Websites - Telephone Orders - Time Shares - Travel Firms - VOIP Service - Extended Warranty

There are more but here are some of the top examples of merchants that are considered "high risk merchants" by most merchant account providers. Please feel free to contact us to get more details or to get started with a high risk merchant account.