credit repair merchant accounts
U.S. Merchant Account Restrictions
The credit card networks Visa and MasterCard have certain types of companies from the construction of U.S. merchant account services limited. These restrictions are mandatory and are enforced by the commercial banks (also known as acquiring banks or simply Acquirer), which comprisa the Visa and MasterCard networks. What does this decision is that no U.S. commercial bank or a merchant service provider is entitled to acquire transactions from persons on the black list.
It are several criteria that are in the production of the hit, list, but the biggest factor in determining whether a particular type of company from establishing a U.S. credit card payment processing service should be prohibited is the chargeback-generation potential. show in some industries, historical data, that the chargeback rate simply unacceptable high. It should be noted that is also established in the processing of credit card payment service, chargeback levels are still monitored closely and, if 1% of not exceed the total volume for three consecutive months, you lose your credit card account.
Applications for card processing services by dealers in the following activities will be not considered for the U.S. merchant vessels bill processing, regardless of the exception:
- Every trader in illegal activities to pursue.
- Adult-oriented products or services (all types of media: Internet, telephone, stationery, etc.).
- Internet / MOTO pharmacies (where the medication compliance of a doctor performed the is with an Internet or telephone counseling, missing a physical visit with).
- Re-import of drugs from abroad.
- Internet / MOTO firearms or weapons sales (including ammunition).
- Internet / MOTO cigarette tobacco Turnover.
- Occult materials.
- Online gambling.
- Lotteries, raffles, games of chance.
- Escort Services.
- Collection Agencies in the collection of bad debt involved, as defined by the associations.
- Credit repair agencies.
- or quota to make sports prediction.
About the Author
Credit Card Merchant Processor
Retail Merchant Accounts, Credit Card Processing Services
