High-risk merchant accounts now available through PaymentSavvy

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Businesses deemed high risk by banks are now able to get a merchant account through PaymentSavvy.

PaymentSavvy, an online merchant account processing company, are now able to help businesses that are deemed high risk to get merchant accounts. A spokesperson from the company said that of their latest high risk merchant account offering: “They are a viable solution to use for those having difficulty finding a solution to process credit cards.” He also explained why many businesses have problems securing a merchant account: “Many issues that come up can cause these problems, such as the type of product they are selling, the amount of volume they process, or the possibilities of having problems with their existing line of credit. Businesses experiencing such issues are now able to call us directly and speak to one of our account executives who can usually put in place a solution within a matter of 24-48 hours.”

PaymentSavvy believe a lot of good potential businesses have been missing out on getting merchant accounts due to oversight from underwriters. Their spokesperson said: “Most of the time it isn’t the businesses owner’s fault that their account doesn’t get approved or is closed down. It’s simply due to the underwriter’s fault of incorrect volumes or dollar amounts. Unfortunately if this happens their businesses could be in jeopardy and could also be blacklisted resulting in merchant providers refusing work.”

According to PaymentSavvy, some of the types of businesses deemed to be high risk that they have managed to help secure merchant accounts for in the past include: Amusement and recreational services, car rental, wholesale clubs, check cashing services, collection agencies, insurance products, door-to-door sales, ecommerce software, pawn shops, MLM multilevel marketing and mortgage services. With their new ability to help a wide portfolio of commercial operations that are deemed high risk, PaymentSavvy expect their list of clients to grow significantly in the coming months.

About PaymentSavvy.com

PaymentSavvy.com is a payment processor that uses the latest technology and fantastic rates. They help their customers get up and running within 48-72 hours and provide the best rates possible to ensure their clients do not switch. Their state-of-the-art technology allows clients to safely and securely enter payments with their latest software providing seamless integration for customers. PaymentSavvy.com takes pride in their high level of customer service that is provided both to prospects and existing customers. To date they have worked with over 18,000 clients in a wide range of industries and therefore have an excellent understand how most businesses work.

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Carol Orsi
Bazooka Search Ltd
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