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How to open a BizOp merchant account
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In Search of a Business Opportunity Merchant Account?Business opportunity merchant accounts or biz ops are basically a business guru. Generally a biz op is a program or course that’s created by an individual to help others make an income while making themsevles an income by charging a membership or fee for online services. Usually the individual is working from home and can reach a high ratio of people looking to expand and transform their new start up. The business guru has helpful tools and advice for the new business owners. You might be thinking, how can business opporurnity accounts be labeled as high risk. Well, you can thank the dubious bunch of indivduals who are not opperating as a faithful bussiness opportunity company. This has lead to banks being much more reserved when approving business opportunity credit card processing. The chargebacks are incredibly high with these business opportunity platforms. You never want a high amount of chargebacks because you will eventually lose money and no longer be a profitable business. Chargebacks are usually high because the client is dissatisfied with the services delivered. Chargebacks are also common if the business opportunity company is a scam and the so called “ business guru” is just looking to make a quick income from naive clientele. Unfortunately, there is a track record of business opportunity companies being unfaithful and suspicious, these unreliable businesses then ruin it for everyone else.
Has Your Business Opportunity Merchant Account Been Shut Down?
So why are business opportunity merchant accounts so risky? Well, when payments are done in person with someone physically swiping the card it is generally more reliable. ECommerce, or transactions completed online are much riskier. Customers can declare that their expectations were not delivered and request a refund. Any money made is held in the merchant account for this very reason, to pay back unhappy customers. Basically, before you see any money the payment processor will deduct the refund amount from the merchant account. Eventually, your opportunity business merchant account will decide to shut it down because of the risk. It is common for business opportunity merchant accounts to quickly be shut down because of the disingenuous actions of customers or other businesses. With these businesses it it usually not because of what products are beign sold but rather how to payments are being processed. We don’t want you to think you're defeated if you had a business opportunity merchant account shut down or you keep getting denied from payment processors. We are here to help! The digital world is every growing and we are hear to help with your payment processing procedures. High Risk Payment Pro’s offered tech savvy businesss opportunity merchant account solutions that make it simple when a client is attempting to purchase your services with ease online.
How Can High Risk Payment Pro’s Help with Your Business Opportunity Merchant Account?
At High Risk Payment Pro’s we care about your business thriving and being extremely profitable. We want to help propel your business into a profitable and reputable company. We have experience with high risk business models and we understand that it usually comes with a high price. However, we are the most affordable in the high risk merchant account industry. There are a few tips to remember when thriving for success with your online payment merchant account. To be a well functioning and reputable business you definitely want to keep your chargeback ratio low. It is vital that you respond to all cancelation requests. If a company fails to respond it can only get worse. It is also incredibly important to have your payment discriptor as your very own merchant name to avoid confusion with customers on their billing. If a customer sees an unfamiliar title they are billed for they could easily label that it as fraud and then you have a chargeback dispute on your hands. Put this all in place so you can avoid chargebacks and refunds but rather have a healthy business. Lastly, and probably the most important for client retention is having an amazing customer service help desk. At the end of the day customers want to know they are looked after and valued. That is where your A+ customer service skills come in. They are there merely to serve and retain the cliental that you have strategically brought in. Make sure calls and emails are responded to in a short time period and High Risk Payment Pro’s will help you master consistent and regular payments for your services, as well as increasing your earnings. We make sure to give you the right resources so you avoid losing income because of refunds and chargebacks or bounced checks. Lastly, customer service is incredibly important. We are user friendly and can give your customers the satisfaction they are looking for! Make sure to notify your customer that you have received their request and will process it right away for the upcoming months ahead.
- Fill out an online application
- Submit the proper documentation
- Let our expert underwriting team go to work for you to get you approved
- Start accepting payments and making money
Why Does Being High Risk Affect Getting a Business Opportunity Merchant Account?Being categorized as a high risk business opportunity company, unless you know who to seek for your payment processing. Once you have committed to a reliable merchant account provider you can begin capitalizing on your market. Chargeback prevention is critical because your business opportunity merchant account could deny you or shut your payment processing down if your chargeback ratio is high.
Looking to open a bizop merchant account?Get Started
Why High Risk Payment Pro's?Well, for starters it’s in the name, high risk, that is our specialty. At High Risk Payment Pro’s we understand the challanges businesses face once they are categorized as high risk. We have the expert experience in getting Business Opportunities Merchant Accounts approved and accepting online payments in no time!
BizOp Merchant Account Experts
- Fast Account Approval
- Large Merchants Welcome
- 10+ Banking Relationships
- Retail & E-Commerce Adult Accounts
- B2B Adult Accounts Welcome
- In House Under Writing
Multiple Payment Solutions
- Credit Cards
- Custom Gateway
- Mobile Payments
- EMV Readers
- B2B-Level 2/3 Data Discounts
- Chargeback Management
- SSL Secure Checkout
Top Customer Service
- POS/Terminals Available
- Developer API/Docs
- Dedicated Account Managers
- Custom Gateway Tools
- Custom Checkout Plugins