What if I'm not sure if my business is high risk?? Is there a list somewhere that has a list of those businesses? I hear all the time about businesses getting shut down and I don't want that to happen to me!
Thank you for your question! The tolerance for chargeback rates in high-risk merchant accounts varies based on industry, payment processor, and specific terms. Typically, high-risk businesses might face higher chargeback rates than low-risk ones. Exceeding a 1% chargeback threshold could lead to consequences, such as account suspension or termination. To get the most accurate information for your specific situation, I recommend reaching out directly to your payment processor or merchant account provider. They should be able to provide you with details on the acceptable chargeback rates and any steps you can take to manage and minimize them. You can also checkout our chargeback video here for even more details about the topic: ua-cam.com/video/5ou8zEcFwRU/v-deo.html Reach out if you have any more questions for us!
Wonderful video! I've heard of a business being high risk before, but never really knew what it meant until now
Thanks for keeping it simple!
3:56 is helpful for the application process!
What if I'm not sure if my business is high risk?? Is there a list somewhere that has a list of those businesses? I hear all the time about businesses getting shut down and I don't want that to happen to me!
Hey Mitchel, could you tell me about the industry/nature of your business so that I can tell you your business' category.
High risk merchant accounts can typically tolerate chargeback rates up to what %?
Thank you for your question! The tolerance for chargeback rates in high-risk merchant accounts varies based on industry, payment processor, and specific terms.
Typically, high-risk businesses might face higher chargeback rates than low-risk ones. Exceeding a 1% chargeback threshold could lead to consequences, such as account suspension or termination.
To get the most accurate information for your specific situation, I recommend reaching out directly to your payment processor or merchant account provider. They should be able to provide you with details on the acceptable chargeback rates and any steps you can take to manage and minimize them.
You can also checkout our chargeback video here for even more details about the topic: ua-cam.com/video/5ou8zEcFwRU/v-deo.html
Reach out if you have any more questions for us!
the end is funny!