What defines a business as High Risk is a myriad of questions and mathematical calculations related to your business including but not limited to: what you are selling, how you are selling, average transaction amount, monthly volume, delivery times, and the merchant category code (MCC) assigned to your specific business. 

Today accepting a credit card for a retail or online purchase requires compliance.  Compliance with Payment Card Industry Data Security Standards (PCI DSS) as well as rules established by the card brands. Any business that accepts card payments is subject to these rules and regulations, and non-compliance can result in monetary fines.

Staff Education and Training

“I didn’t know that I couldn’t do that,” “the sales-rep told me it was okay,” and “XXX” at ACQUPAY we have heard it all that is why we teach “Proactive” account management in order your business doesn’t experience “Reactive” account management from an employee someplace doing their job.  This is the art of merchant account risk management.

What you probably didn’t know is that applying for a merchant account is the same as applying for a line of credit.  Your risk exposure is determined by your business type and what others in your business have experienced add to that fraud and “potential” chargebacks, the types of products and services that you provide, and you are considered a “problem merchant.”

Your company may have vice presidents, and all sorts of managers (i.e. an accounting manager, a human resource manager, sales managers, etc), but do you have a merchant account manager? Probably not! You applied for and received a merchant account and have not had any contact with anyone since the account was set up.

Business Relations as a Partnership

Let the team at ACQUPAY be your Merchant Account Manager – that’s what we do, and we include it free with our services.  The success of your ability to make money and keep it is up to you, so do your due diligence when selecting your merchant account provider partner. 

When choosing a payment processor, we know you have a choice and ACQUPAY urges you to look beyond the discount rates and processing fees. After all your rates and fees are only as good as your ability to process any card presented and process that card in a way that is compliant with card brand rules and regulations while making sure that your processor is protected against fraud and chargebacks.

When it comes to credit card acceptance and your merchant account . . . Don’t do what you don’t do . . . let us do it because we know what to do and how to do it.

Call ACQUPAY Today

For a high-risk business, obtaining a merchant account can be complicated. Risk is not a word that banks embrace, which means additional things to do in order to get approved for a merchant account. Luckily, there are methods to avoid these pitfalls while still being able to grow your business.

A partnership with ACQUPAY helps you manage not only the application process but what you need after approval.  Unlike traditional face-to-face retailers that get a merchant account easily, online retailers, direct marketers, mail/phone order businesses are often deemed “risky” and because of that it can be harder to find a processor willing to offer services.

ACQUPAY offers a streamlined path for business owners to get approved for a high-risk merchant account, maintain their account, and start growing their business.