It is without a doubt many entrepreneurs have no idea where to start when applying for a high risk merchant account. Who can your rely on? How much do you have to part with? All these are great questions to start with if you are to avoid the hassle that comes with getting a high risk merchant account. To clear any doubts from your mind, here are some of the most notable questions you need to ask a reputable high risk merchant service provider before you can finally make the necessary payments.
What are the Costs for a Merchant Account?
First things first, you deserve to know the amount of money you will have to pay before you get to open a merchant account with Premier One Payment or any other payment processor. One thing you ought to remember is that the costs go beyond per transaction fee and discount rates. In addition, you may have to make do with additional costs such as network fees, verification fees, or even miscellaneous fees. The good news is that most if not all costs will be included in your application. Be sure to choose a service provider that offers competitive prices.
How Long Should I Wait for Funds to Settle into my Bank Account?
Settlement time will always vary from one payment processor to another. However, it mostly takes one to two banking days for settlements to be completed especially when having a domestic high risk merchant account. When having an offshore merchant account, then the settlement may take a few days or even a couple of weeks. So, before paying for high risk merchant account service offered by Premierone payments, you should find out more regarding the time it takes for settlement to be made.
The Bottom Line
Never shy away from asking any question you might have in mind before you can finally get your high risk merchant account. After all, you deserve to clear all your doubts before making the necessary payments. Be on the lookout for high risk merchant service providers who are hesitant since they might be hiding something from you. To avoid working with such service providers, you can consider paying a visit to Premieronepayments. Here, you will get a timely response for all your questions while at the same time getting the best credit card processing solutions.