High-Risk Payment Pros has the largest network of high-risk banking relationships in the industry. Payment Pros are ever-evolving and growing so we can provide the best services to our customers. Ticket Broker’s merchant account often struggles with opening up payment processing accounts due to the high risk associated with their industry.
Well, known banks and traditional processing companies have deemed the industry high risk, meaning that those who market and sell concert tickets, sports tickets, show tickets, and tickets for other entertainment are typically only able to process with a high-risk merchant account provider. That is where High-Risk Payment Pros steps in and can guide your Ticket Brokers merchant account in the right direction.
Ticket Brokers are easily financially taken advantage of and can lead to merchant account shutdowns. There are also different levels of fraudulent behavior that can ultimately result in the termination of a ticket brokers merchant account. One example of fraud would be if a customer falsely claims a charge on their card was not authorized by them, or they “never” received their tickets that they purchased. Unfortunately every time a person does that it chips away at a ticket brokers businesses chance of survival in the industry. If a chargeback occurs is initiated by a credit card issuer the merchant account usually has to front the money. In the case the merchant account can prove the customer is being shady then they will be off the hook, however, that is very rare. Ticket Brokers merchant accounts can easily be shut down if there is foul play with chargebacks and the percentage gets too high.
How Can High-Risk Payment Pros Help with my Ticket Brokers Merchant Account?
High-Risk Payment Pro’s is well versed with the unique needs of the different ticket brokers related businesses and has established acquiring banking relationships. We are experts in getting ticket brokers merchant accounts set up and accepting online payments in no time.