Our risk department was created to place low risk accounts together. By keeping a low risk portfolio we are able to give the rates part away to business owners at cost without the extra mark-up charged by third-parties.
Our risk department has been performing a risk verification on accounts since 2008, and our partnerships date back to 1852.
OFFERS THE SERVICE DOWN TO
OUTSOURCE THE SERVICE TO
MARK UP THE SERVICE AND RESELL IT TO
(Two less sets of hands touching your money before it enters into you account)
Chargebacks Explained
Chargebacks determine if a company is a high risk merchant or a low risk merchant. A chargeback is when a customer disputes a charge and the merchant has to give the funds back to the customer. If a company is going out of business or there are insufficient funds to cover the cost of the chargeback, the third party credit card companies are responsible for repaying the customer. Third party processors build a mark-up into the account to buffer against the risk of chargebacks. Chargebacks can not exceed 2% of your volume in order to be brought on directly.