How to Win at High-Risk Merchant Services - GoFuckYourself.com

Raja · 08-02-2018, 02:59 PM

I’ll just come out and say it: being a high-risk merchant can be a drag. The high-risk designation can seem like a fat target on your business’ back for superfluous account fees and hassles. The potential for processing fraud and chargebacks in your vertical can narrow your access to merchant services significantly. ChargebackHelp is here to help.

We can guide merchants through the troubled waters of high-risk credit card processing, starting with five pro tips to smooth sailing with merchant services:

1. BITE THE PILLOW
If you’re high-risk, embrace it. Let’s say you’re in porn, robocalls, gaming, or some other stigma-intensive industry; don’t sugar coat your business plan to your acquiring banks or merchant services. They’re financial institutions, not churches. They’re going to find out exactly what you do once you start processing. You don’t want to be locked into a contract with a provider that suddenly discovers you’re too risky to deal with.

2. READ YOUR CONTRACT, HARD
High-risk merchants invariably have to enter into longer contracts with a limited selection of providers compared to low-risk. Merchant services typically contract high-risk merchants to a 3-5 year commitment and then move to an auto-renewed annual arrangement thereafter. While under contract, you’re basically responsible for the revenue your provider expects for the duration of the commitment. So if you go belly-up three years into a five-year contract, you’ll still have to pay the average monthly fees for those remaining two years.

That’s why it’s so important to read your contracts. Be on the lookout for auto-renewal clauses and know the dates when your contract rolls over. Be especially mindful of the TERMINATION section, which is where you’ll find such clauses as “liquidated damages” and other fees that spell out how much you’ll be on the hook for if and when you need to bail.

3. BUDGET ACCORDINGLY
Most high-risk processors require their clients to maintain a “rolling reserve” of cash on hand to cover chargebacks. Reserves function much like overdraft protection; if the merchant does not cover a chargeback themselves, then the reserve kicks in to cover it. Ultimately, you get this money back if unused after a period of time, but at 5-10% of your monthly sales, reserves will inconvenience your cash flow if you’re not prepared.

4. MIND THE SHARKS
All these costs and constraints set a perilous status quo. When merchants come to expect to pay more to do business, shady operators saturate the market to exceed those expectations and gouge merchants for the services they need.

The best way to spot these bad actors is through due diligence. Shop around for merchant services and compare. Your acquiring bank can be an excellent ally in this process. They can illuminate where certain merchant service providers conflict with industry best practices. Best of all, as your bank’s client, you can access this resource for free.

5. GET WHAT YOU PAY FOR
And now for some good news. As with all risky business, rewards are there for the taking. Though a high-risk merchant may pay more for merchant services than their low-risk counterparts, the right provider can deliver some premium value. A good processor will allow you to run primarily card-not-present transactions. You’ll be able to process multiple currencies, crypto, and subscription billing with no transaction caps. And you’ll be able to process more flexible outside of the Group of Seven economies. These are all things low-risk merchants do not get. No guts, no glory!

For more concrete steps specific to your business that you can take to optimize your merchant services, give ChargebackHelp a call: +1(888)821-5302

RyuLion · 08-02-2018, 03:34 PM

Hitting you up on Skype..

ilnjscb · 08-03-2018, 01:34 PM

What high risk merchant account providers do you recommend?

Raja · 08-03-2018, 02:07 PM

Quote:

Originally Posted by ilnjscb

What high risk merchant account providers do you recommend?

This depends on what your vertical is, where you are located and where your customers are located.

Google Expert · 08-03-2018, 02:21 PM

i read all that and still have no fucking idea what you're offering.

cliff notes?

Raja · 08-03-2018, 03:18 PM

Quote:

Originally Posted by Google Expert

I read all that and still have no fucking idea what you're offering.

cliff notes?

That post was meant to be educational and not promotional. We offer:
Alerts to reduce your chargebacks
chargeback representment (fight your chargebacks)
gateway
merchant accounts
call center

kmanrox · 08-04-2018, 06:19 AM

Posts like this convert to solid business for the OP. More people should take heed to quality vs quantitybladwirecoughcoughcough

BAKO · 08-04-2018, 01:15 PM

very nice

ilnjscb · 08-04-2018, 10:05 PM

Quote:

Originally Posted by Raja

This depends on what your vertical is, where you are located and where your customers are located.

Outside the US, all over the world

8pt-buck · 08-05-2018, 03:32 PM

Quote:

Originally Posted by Google Expert

i read all that and still have no fucking idea what you're offering.

cliff notes?

It's legit.

https://www.cnbc.com/2014/11/05/glob...rom-fraud.html

LeRoy · 08-06-2018, 10:29 AM

Hope all is well Raja!!

RyuLion · 08-06-2018, 12:19 PM

Quote:

Originally Posted by LeRoy

Hope all is well Raja!!

Hope all is well LeRoyyyyyyyyyy

Evil Chris · 08-07-2018, 07:34 AM

Good thread.

Raja · 08-08-2018, 02:57 PM

Quote:

Originally Posted by LeRoy

Hope all is well Raja!!

All is good LeRoy, hope the same for you. Send us some more biz so we can send you some more checks!

Relentless · 08-09-2018, 10:16 AM

Useful thread.

Thanks

NemesisEnforcer · 08-09-2018, 10:45 AM

Quote:

Originally Posted by Raja

That post was meant to be educational and not promotional. We offer:
Alerts to reduce your chargebacks
chargeback representment (fight your chargebacks)
gateway
merchant accounts
call center

Good stuff.

I believe I'm paying $0.80 per transaction for the above services but they don't do chargeback representation and the folks at the call center don't seem to understand the difference between username and password.

JFK · 08-09-2018, 12:40 PM

Quote:

Originally Posted by Relentless

Useful thread.

Thanks

Indeed

Klen · 08-09-2018, 12:42 PM

Quote:

Originally Posted by LeRoy

Hope all is well Raja!!

I find that expression annoying.

Raja · 08-09-2018, 04:01 PM

Quote:

Originally Posted by NemesisEnforcer

Good stuff.

I believe I'm paying $0.80 per transaction for the above services but they don't do chargeback representation and the folks at the call center don't seem to understand the difference between username and password.

Contact me and let's see if we can help you. my email is raja<at>chargebackhelp<dot>com

GUNNER · 08-09-2018, 05:29 PM

Raaaaaaajjjjjaaaaaaa

08-02-2018, 02:59 PM	#1
Raja Confirmed User Industry Role: Join Date: Jul 2004 Location: Santa Margarita Posts: 1,094	How to Win at High-Risk Merchant Services I’ll just come out and say it: being a high-risk merchant can be a drag. The high-risk designation can seem like a fat target on your business’ back for superfluous account fees and hassles. The potential for processing fraud and chargebacks in your vertical can narrow your access to merchant services significantly. ChargebackHelp is here to help. We can guide merchants through the troubled waters of high-risk credit card processing, starting with five pro tips to smooth sailing with merchant services: 1. BITE THE PILLOW If you’re high-risk, embrace it. Let’s say you’re in porn, robocalls, gaming, or some other stigma-intensive industry; don’t sugar coat your business plan to your acquiring banks or merchant services. They’re financial institutions, not churches. They’re going to find out exactly what you do once you start processing. You don’t want to be locked into a contract with a provider that suddenly discovers you’re too risky to deal with. 2. READ YOUR CONTRACT, HARD High-risk merchants invariably have to enter into longer contracts with a limited selection of providers compared to low-risk. Merchant services typically contract high-risk merchants to a 3-5 year commitment and then move to an auto-renewed annual arrangement thereafter. While under contract, you’re basically responsible for the revenue your provider expects for the duration of the commitment. So if you go belly-up three years into a five-year contract, you’ll still have to pay the average monthly fees for those remaining two years. That’s why it’s so important to read your contracts. Be on the lookout for auto-renewal clauses and know the dates when your contract rolls over. Be especially mindful of the TERMINATION section, which is where you’ll find such clauses as “liquidated damages” and other fees that spell out how much you’ll be on the hook for if and when you need to bail. 3. BUDGET ACCORDINGLY Most high-risk processors require their clients to maintain a “rolling reserve” of cash on hand to cover chargebacks. Reserves function much like overdraft protection; if the merchant does not cover a chargeback themselves, then the reserve kicks in to cover it. Ultimately, you get this money back if unused after a period of time, but at 5-10% of your monthly sales, reserves will inconvenience your cash flow if you’re not prepared. 4. MIND THE SHARKS All these costs and constraints set a perilous status quo. When merchants come to expect to pay more to do business, shady operators saturate the market to exceed those expectations and gouge merchants for the services they need. The best way to spot these bad actors is through due diligence. Shop around for merchant services and compare. Your acquiring bank can be an excellent ally in this process. They can illuminate where certain merchant service providers conflict with industry best practices. Best of all, as your bank’s client, you can access this resource for free. 5. GET WHAT YOU PAY FOR And now for some good news. As with all risky business, rewards are there for the taking. Though a high-risk merchant may pay more for merchant services than their low-risk counterparts, the right provider can deliver some premium value. A good processor will allow you to run primarily card-not-present transactions. You’ll be able to process multiple currencies, crypto, and subscription billing with no transaction caps. And you’ll be able to process more flexible outside of the Group of Seven economies. These are all things low-risk merchants do not get. No guts, no glory! For more concrete steps specific to your business that you can take to optimize your merchant services, give ChargebackHelp a call: +1(888)821-5302 __________________ Skype: hollywoodraja

08-02-2018, 03:34 PM	#2
RyuLion ClubDomCash.com Industry Role: Join Date: Mar 2003 Location: San Diego Posts: 32,185	Hitting you up on Skype.. __________________ Adult Biz Consultant A tech head since 1995

08-04-2018, 06:19 AM	#7
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,290	Posts like this convert to solid business for the OP. More people should take heed to quality vs quantitybladwirecoughcoughcough __________________ Crypto HODLr Crypto mining Angel investor

08-04-2018, 01:15 PM	#8
BAKO Etology.com Industry Role: Join Date: Jul 2005 Location: Hollywood CA Posts: 18,386	very nice __________________ http://DatingNetwork.com Telegram: @bakokaye

08-06-2018, 10:29 AM	#11
LeRoy Porn Pusher Industry Role: Join Date: Jul 2007 Location: It's a dry heat Posts: 13,337	Hope all is well Raja!! __________________ JAPANESE CAMS AND CONTENT SITES Skype - leroy.rowland2

08-03-2018, 01:34 PM	#3
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,822	What high risk merchant account providers do you recommend?

08-03-2018, 02:21 PM	#5
Google Expert Webmaster Industry Role: Join Date: Jun 2004 Posts: 14,294	i read all that and still have no fucking idea what you're offering. cliff notes?

08-07-2018, 07:34 AM	#13
Evil Chris OG Industry Role: Join Date: Dec 2001 Location: 3rd from the Sun Posts: 13,231	Good thread. __________________ It PAYZE to post on GFY chris at payze.com \| Skype chriswrp

08-09-2018, 10:16 AM	#15
Relentless www.EngineFood.com Industry Role: Join Date: Aug 2006 Posts: 5,697	Useful thread. Thanks __________________ Website Secure \| Engine Food ICQ# 266-942-896

08-09-2018, 05:29 PM	#20
GUNNER Confirmed User Join Date: May 2001 Posts: 2,097	Raaaaaaajjjjjaaaaaaa __________________ gunner @tutamail.com 25 years in the jizz biz