There was this particular merchant based in the U.S. and, by the time it contacted us, it had gone to some of the biggest U.S. processors to open several merchant accounts, a couple of which are still active. Now, this is one of the biggest mistakes that merchants must not make —opening several merchant accounts at once, and not keeping them live. If it’s done otherwise, processors get nervous and understandably so —the new Merchant Account You are applying dormant is either closed down or replaced. In the event, we asked our merchant to explain why it had gone through the pain of opening these many merchant accounts and received a satisfactory explanation, which is not a typical scenario. I should also add that the merchant had already received notices that its remaining two accounts would be closed within a month, which brings me to the next lesson — if you operate an online tech support business, the mainstream processor would not be a viable option — even if you do manage to get an account with them and keep it functioning, it is inevitable to keep it running. As soon as the processor’s risk department takes a close look at it, it will shut down in a second. What you need is a high-risk solution, although not necessarily an offshore one.
Requirements to Tech support merchant account :
A bank letter or a pre-printed voided check A valid, government-issued ID, such as a driver’s license 3 months of the most recent bank statements An SSN (Social Security Number) or EIN (Employer Identification Number) Chargeback ratios under 2% 3 months of the most recent processing statements, if applicable
Easy & Quick to work with:
No application fees Competitive rates Chargeback protection Multiple secure payment gateway programs
We Offer:
Chargeback dispute resolution and prevention programs Business funding ACH processing Instant check processing solutions High-volume payment solutions Online payment gateways Mail order/ telephone order (MOTO) processing Point-of-sale solutions
Get more information about Tech Support Merchant Account related. Contact us +1 (888) 622-6875.