Low Risk Merchant Account is A One-Stop-Solution for Low Risk Business.
On 27nd June, 2013
Risk has now become a regular affair. The day starts with risk and ends with risk. We are less bothered about day to day risk but more with financial risk. Risk carries a mystery as why it happens? The sweetest thing of risk is that you like it when it is low but expect to give high returns. Generally the acquiring banks start reviewing your application well before you have applied for a merchant account. They will inspect the risk profile the kind of the products sold. Degree of risk varies from product to product and from industry to industry.
Risk Profile - Risk revolving around credit card processing is compound at different degrees. A number of factors determine the merchant risk. Few of them are- merchant's durability and financial stability, industry, business plan and model, billing techniques, products to be sold / services offered, and previous processing history. The primary underwriting and risk management strategy are very alike across the industry.
Line of credit- Merchants simply take advance payments for supplying the products and services. At the same time, they provide quality assurance like will be delivered or would be delivered. Thus, the risk born by a provider is similar to providing a line of credit.
Getting a Low Risk Merchant Account- In order to get a low risk merchant account, one need to meet the criteria of low cost US Merchant System. It will then be followed by a form fill up to have some important information. This information is generally used for quoting a rate. Then you will be offered a rate plan that goes with the available information.
Benefits- A low cost merchant account introduces positivity in your business concern. A low cost merchant account will permit your customers to take the advantage of paying in cash or by bank.
Required Documents -
Following documents are needed for opening a low risk merchant account-
- Certificate of Incorporation of the company.
- Resolution of Directors appointment.
- Passport copy of your representatives.
- Utility Bills.
Processing Time -Approval of a low cost merchant account could require a long time and patience is a must. However, the process is well worth the effort. The advantages of using debit and credit cards have edged out the cash payment system. Few numbers of customers are resorting to cash payments.
High Risk Credit Card Merchant Account is one of the pioneering organizations dealing in low risk merchant account. You can share your business plan with our friendly merchant account advisers. We are certain to give you a convincing credit card processing service at low cost. We provide competitive pricing and low credit card transaction rates.