What is High Risk Merchant Account?
Is your business classified as high risk? When you try to find out about the Merchant account, you will certainly get the term " high-risk merchant account ". Here you learn more about the nature of risks involved and to better understand the business of credit and debit card processing. Are you AT RISK? The processor or payment acquirer will settle all processed sales (minus fees) typically within a couple of days or a week after they take place. But here is the twist - We already know about every cardholder has the right to dispute a transaction within 180 days of it taking place, As they contacting their card issuer bank and filing a complaint of non-delivery or dissatisfaction. For Example- In the case of a longer service length, this could mean 180 days after service has been fully provided/completed, which further extends the time the window for charge-backs The customer is able to file a chargeback request at any timeframe. In this case, the provider will already s