Why should I apply with Instabill for a high risk merchant account?
Acquiring Banks perceive many e-commerce businesses worldwide as high risk since the customer is not present to sign the credit card receipt. Extreme trading restrictions are imposed on the merchant that ultimately leads the business owner to search for a high risk merchant account. The following trading practices lead most banks to categorise businesses as high risk: • accepting credit card payment over the telephone (aka, moto merchants) • accepting credit card payments over the Internet • free trial offers, then recurring weekly or monthly billing • high price points (average transaction value over $500) • high volume of Internet sales (above $25,000 per month) • Seasonal /sporadic online sales • Selling to International customers • Hosting the credit card payment page (PCI Compliance) • foreign currency processing and settlement • type of product or service being sold online • New web based business applying for an online merchant account • offshore company applying for a merchant
