A Couple Things High Risk Merchants Should Consider

High risk merchant accounts are characterized by offering services that cannot be covered by revenue in a worst case scenario, or may have the ability to tarnish reputations. Debt services, the adult industry and MLMs are examples of high risk accounts that have special considerations.

What level of record keeping do I need? Virtualized record keeping gives you instant access that imprinters can’t give. Imprinters are best used for professionals on the go, like door to door salesmen, but even they can utilize wireless credit card processing on their mobile devices. High risk accounts are advised to keep good records. Good hardware will integrate you to more streamlined online merchant services.

Do I need to store credit card numbers? Using an online payment processer or specialized software is probably the easiest and worry-free way to be PCI compliant. Breaking PCI regulations involves huge fines and loss of access to merchant credit card processing altogether.