A gun dealer merchant account is a. 2. How Ecommerce Retailers Adjust To A Post-Shut-Down World. Reputational risk. Mobile Credit Card Reader. August 8, 2023. The high risk gateway services provided by Authorize. You are incorporated in a low risk state. Card present transactions are a relatively form of payment to receive. Ways To Get Processing For Credit Cards Finding the cheapest. Services. 2. will require the use of a MID. January 9, 2023. May 16, 2023. PayKings is here to answer all of your questions. Vindicia Retain focuses its revenue-building power on retention by resolving failed transactions. Partnering with PayKings PayKings specializes in Low to High-Risk eCommerce merchant accounts in almost any industry. How Vindicia Works They provide two main recurring billing services. PayKings Merchant Payments is a payment processing platform that offers merchants convenient, secure, and reliable options to accept payments. Processors like PayPal, Stripe, and Square are big names in the processing industry that offer traditional services. The term bad credit merchant account simply means a merchant account. August 6, 2018. Direct-marketing response merchants typically struggle to find stable and long term solutions to accept and process credit cards via a VT (virtual Terminal). As a result, PayKings offers sustainable telemed merchant accounts for health companies making the move… Read More. This article will explain what exactly equipment financing is and. Our team of vape merchant experts work hand in hand with high risk acquiring banking partners and have established trusted relationships with more than twenty different vape-friendly payment processing providers. Luckily, we have the means and. 15 per transaction. PayKings is the industry-leading expert with years of knowledge and expertise in payment processing. For merchants, these processing fees can add up. March 16, 2023. PayKings is sensitive to the unique needs of online casino-related businesses. 4. Find out about small business loans and how you can get a loan to start, expandWhy Your Company Has So Many Chargebacks Chargebacks could not only cause you huge financial losses but could also negatively affect your company’s reputation with credit card processors. Medium/High Risk Accounts. Cut all the red tape involved with getting. Sharing an account with another retailer. Fill out the form to download our FREE PDF on everything you need to know about getting your business set up, running smoothly, and accepting. Let our expert underwriting team go to work for you to get you approved. High risk merchant account fees are. Friendly Fraud. This is because, wherever your mobile phone can go, it can accept credit card. There are several reasons that a provider like Shopify would drop or freeze high risk merchant accounts. PayKings (Merchant Payments Acceptance Corp LLC) is your powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing. However, if you want to extend your brand to new. A high-risk merchant account with instant approval can be the lifeline your business needs. High Risk Payment Gateway. High ticket prices. They dedicate themselves to delivering exceptional customer service and remain accessible round the. Getting dropped by your processor is a bummer. Square does not allow – “betting, including lottery tickets, casino gaming chips, Fantasy Football, off-track betting, and wagers at races. Payment processors that concentrate on high risk retailers, provide alternatives to help limit risk, fraud, and chargebacks. September 7, 2023. It's a straightforward and convenient way for you to make online payments. These types of businesses can struggle to find sustainable payment processing from standardCARDZ3N supports global payments for credit cards, ACH, SEPA, and Crypto (140+ coins). By Mike Cassidy, Storyteller, Signifyd There is nothing normal about the “new normal” for retail as COVID-19-inspired restrictions. We work with merchants who need to acquire a recurring billing merchant account. PayKings offers payment solutions to businesses in high risk industries, which means that as payment processing providers, our banks are willing to accept the liability for the increased risk associated with those businesses that are categorized as needing a high risk merchant account. Chargeback Fee. Kava Payment Solutions With PayKings. November 8, 2022. Your personal credit or company financials aren’t able to encourage the sales volume you’re applying for. FAFS is a company that provides services to retailers with high risk merchant accounts who can adapt quickly and successfully to any service requirements via telephone, web, fax, email, and SMS. A credit card payment processor is a tool used by merchants to process transactions. It merely indicates that your business operations come with a higher level of risk, which requires specialized merchant services. Offshore Merchant Accounts. Watch out for hidden fees. PayKings Blog. This ecommerce store transacts through a virtual terminal and payment gateway. Shopping For A Merchant Account? Using the right merchant account can have a big impact on the success of your business. Allowing businesses to accept payments on their own terms, Authorize. May 18, 2023. MTOT Disc stands for merchant account total discount fee, and it may appear as a fee on your monthly account statement. 4. And most importantly, we offer the lowest rates possible. As long as companies exist to help individuals recover from financial disaster, there will be a need for processing payments. The mere variety of payment gateway options for merchants is enormous. High Risk Merchant Account Providers. However, if you want to extend your brand to new countries, it’s. MCC stands for Merchant Category Codes. Say you choose Stripe for your CBD merchant account payment processing. What is a Credit Card Payment Processor? March 14, 2023. This ecommerce store transacts through a virtual terminal and payment gateway. Login Enter your payment gateway credentials to login Username Password. 30 per transaction. WooCommerce High Risk Merchant Account WooCommerce is an. Many people who can’t make it to their vacation destination try to reverse payments after realizing they can’t cancel an agreement. PayKings is a merchant service company dedicated to offering excellent services minus unnecessary charges and fees. Here are some of the most common reasons banks and payment processors consider your business as high risk: Large amount of chargebacks. Regardless of which kind of business you run, your volume, or your past calculating history, we provide top-rated high risk merchant account services and payment processing solutions to truly help your business thrive and grow. PayKings, however, specializes in high risk merchant accounts and knows your specific industry standards and needs to offer you the best possible payment processing solutions. May 16, 2023. With the travel industry on the rise again, obtaining a timeshare merchant account is in high demand. But they do have limitations on the types of CBD or hemp-related items you sell using the Shopify Payments service. With an in-depth grasp of the unique challenges high-risk businesses encounter, they are dedicated to delivering tailored solutions. Because of their associations with cannabis, many payment processors place terpene merchant accounts in the high risk category. Unlike other providers, Chargebacks911 views. You get a quick and free quote with PayKings today. 9% + $0. However, when a business becomes more complex, a CBD processor becomes the best. ; Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. The PayKings team has merchant account solutions for businesses with processing volumes of $20,000-$100,000,000+ per month. PayKings, Saint Petersburg, Florida. From payment terminals, to ACH or Echeck options and other standard forms of payment acceptance, PayKings can help get your business a high risk kava merchant account. net is a payment gateway solution from Visa. PayKings retail & swipe credit card processing solutions allow merchants to offer flexible methods of payments at the point-of-sale, including major credit cards, debit cards, ApplePay, and ACH/checks. At PayKings, we work closely with high risk merchant accounts and B2B clients to ensure they receive the best B2B payment solutions. It may come without warning. The vaping industry and related products have seen many changes over the years. Don’t worry; strong credit card fraud protections are in place to help. If your high risk merchant accounts depends on card-present terminals, for instance, you’ll be dealing with interchange and interchange plus rates per each transaction. August 10, 2023 | Merchants | Dustin. Cryptocurrencies in general have gained global attention and acceptance. The bill comes to $887, which the bank considers a high ticket size. Not all fees should be charged to certain companies, and some are optional when it comes to the payment processor. More business owners are in need of a crypto merchant account. Boost your online sales with Paykings - the leading online merchant processor. CBD Merchant Account Shopify. Type: Company - Private. PayKings has multiple options for you and we make it simple to obtain a subscription box merchant account in as little as 48 hours. Revenue: Unknown / Non-Applicable. PayKings, however, specializes in high risk merchant accounts and knows your specific industry standards and needs to offer you the best possible payment processing solutions. PayKings Blog. PayKings helps countless hard-to-approve merchants get approval for a CBD merchant account with our in-house pre-underwriting services that cater specifically to your high risk business needs. PayKings recurring billing gives you the flexibility to customize the intervals when your customers are charged. It may come without warning. Cannabinoid merchant accounts allow you to process payments online while selling goods in this vertical. This allows our experts to offer ecommerce solutions for all verticals and business types. What Is A Merchant Account? October 12, 2020. We’re here to offer your CBD business the best possible payment processing solutions at the. By Rafael Lourenco, EVP, ClearSale The ability to accept credit cards is a critical component to the success of any business, but it adds an element of risk, too. , or NMI, is the leading payment gateway service that provides processing for high risk merchant accounts. PayKings recurring billing gives you the flexibility to customize the intervals when your customers are charged. If you’re a “hard-to-place” merchant, like a medical marijuana dispensary or hemp oil manufacturer, you likely face difficulty. Fast Credit Repair Account Approval. However, there are challenges when it comes to passively processing financial transactions like this. Failing to Understand Rates and Fees. This is especially true for male enhancement companies, those that need to balance customer needs with working in complete compliance with industry regulations and laws. Credit card fraud is a wide-ranging term for theft and fraud dedicated to using or involving a payment card, such as a credit card or debit card, as a deceptive source of funds in a trade. The online dating marketplace seems quite attractive to investors. Being one of the premier firearms dealer software in the United States, Celerant gives retailers the ability to leverage integrated A&D book, e4473 and digital waivers, and the. PayKings can meet that demand head on by providing these businesses with resources that are necessary in the VPN space like: A VPN Merchant Account A Payment Gateway Fraud Prevention Tools Assistance. We make business less risky. More business owners are in need of a crypto merchant account. May 18, 2021. As it would be called by a millennial, a digital contract, or commonly referred to as an eContract, is a contract that a retailer sends to a buyer electronically, similar to those sent out using DocuSign; and you definitely should not. For companies in the USA, their fee is 2. However, if your merchant account is frozen or terminated altogether. When seeking a merchant account and reliable payment processing for your online business, keep in mind that card brands require certain information to beThank you for your interest in partnering with PayKings. On top of efficient customer service, we have extensive knowledge of the vape and e-juice industry and have relationships with over 20+ acquiring banks. If a merchant’s chargeback1. Need a Male Enhancement Merchant Account? Opening your own business takes an enormous amount of effort and planning in order to achieve success. Fraud. Choose an eCommerce Platform. March 16, 2023. The rolling reserve amount. Reply. September 11, 2022. March 14, 2023. We work with merchants who need to acquire a recurring billing merchant account. Additionally, If the card issuer accepts the password then they complete their order and this comes to you as a legitimate and authenticated transaction. PayKings offers your eCommerce or brick and mortar business same-day ACH also know was electronic check payments. If you love your hamster, you need to check out Hamster Mail. It’s only a matter of time before you could get your merchant account dropped. The business is in a low risk industry. We can get you approved in as little as 6 hours. Supports subscriptions, pre-orders and refunds directly from your website! Works with latest versions of WooCommerce and WordPress. State and Federal Regulations. Smartphones are everywhere. Sale offers is their overarching analytical technique and better yet, accountability. We understand the unique needs of the varying types of adult businesses. High risk industries require merchant accounts. Approval – Once the bank approves your Shopify CBD account, you’ll be able to start accepting payments. Because you are using an airline booking merchant account, you will get that $287 within 48 hours. 5% yearly since 2008. With the travel industry on the rise again, obtaining a timeshare merchant account is in high demand. Looking for an (industry) Merchant Account? Look no further than PayKings; leading experts in getting your (industry) business ready to accept paymentsPaykings. In order to find the best CBD payment processors, like us here at PayKings, especially since the bigger, well-known banks will not take on your CBD merchant account to process transactions themselves. revealed that online dating companies have grown into a $2. Learn how to become a part of our extensive partner network today! Join the PayKings Agent Program: an opportunity for individuals and businesses to earn and grow. Start Accepting Payments Today. Online auctions are responsible for making ecommerce what it is today. Continuity subscription merchants are realizing the importance of ongoing revenue to grow their business. Fill out an online application. Our affordable e-commerce merchant services and online credit card payment processing seamlessly integrates with your e-commerce payment processing platform. It is roughly around $40 per year for each, debit, or credit. Credit card payment processors can specialize in high risk industries or be. In addition, these businesses need crypto payment processing solutions. Overview With PayKings, you can. 4. MO/TO merchants face this challenge due to the high chargebacks incurred, card not present (CNP) method of acceptance, and high volume of processing on a. CodeClouds is more than 300 strong, and specializes in Web Development, eCommerce, CRM integration, campaign and funnel management, page building, tracking pixel setup, mobile apps, server setup, design services, and so much more. As a result, acquiring banks and payment processors must abide by state and federal hemp product regulations. You’ll also be able to monitor important details like your number of chargebacks and refunds. PayKings has been active within its niche since 2011, forming partnerships with many of the bigger platforms in the eCommerce. PayKings understands the unique needs of the different Web Design & SEO related businesses and has established 24+ acquiring banking relationships to become experts in getting Web Design & SEO merchant accounts set up and accepting online payments. Top 8 Strategies to Manage Chargeback Risk. In regards to CBD payment processing, consider EMS as your steadfast partner. This includes a card reader, printer, the pos software and a monitor. Suddenly you’ll find a message that Square has stopped your ability to process payments online because your company requires a high risk merchant account. Whether you own a kava store, are a kava wholesaler, or own an online kava shop, there are solutions. PayKings is the industry leader in high risk merchant account payment processing. Card details are automatically refreshed, ensuring a. Frequently changing or attempting to change processors. Luckily, there are other places that. These services are fine for low risk industries. With international world commerce thriving, many companies look for unique solutions across the globe. Furthermore, online services from dating merchant accounts make up for 70% of the worth of the market. PayKings has multiple options for you and we make it simple to obtain a subscription box merchant account in as little as 48 hours. However, PayKings specializes in opening high risk merchant accounts and we have multiple acquiring banking partners that offer credit consolidation merchant accounts. Integrations. Unfortunately I've never heard of this company before and couldn't find anything online. Online and In-App. PayKings Overview. MTOT Disc On Bank Statement Before we dig into. A chargeback is a refund that the merchant is forced to give, as opposed to a refund voluntarily given. As a result, there is an increased need for crypto merchant accounts. Whether your ecommerce store is selling CBD oil, Adult Items,. The acquirer allows merchants to accept credit card payments by working with the credit card companies and acting as a mediator for all transactions. Why is this? Well, largely in part because the services provided include big ticket transactions. In most cases, tobacco shop business owners are. If you’re looking for a cannabinoid merchant. Don’t forget to publish your telephone number on the customers’ billing statements. August 18, 2023. Fast Nutraceutical Account Approval. A user-friendly platform for managing payments that enables companies to add multiple MIDs or merchant. Fill out the form to download our FREE PDF on everything you need to know about getting your business set up, running smoothly, and accepting. iSpy Fraud Tool: iSpyFraud is a rules-based fraud prevention tool that merchants can use to screen suspicious transaction activity, helping merchants to. July 21, 2023. Square does not allow – “betting, including lottery tickets, casino gaming chips, Fantasy Football, off-track betting, and wagers at races. Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. Payment processing is vital to modern nonprofit fundraising, enabling efficient and secure online donations. Network Merchants, Inc. For merchants, these processing fees can add up. Because millennials like to use credit cards to pay, and are even partial to mobile credit card processing, particularly when they have cards that give them cash. Now, they are used in over 25% of all transactions. There are many reasons a shopper might initiate a chargeback, and understanding these can help you to fight them and even avoid chargebacks all together. Keyed-In and Card on File. An eCheck or electronic check is an electronic version of a paper check. The healing properties have come to reach numerous products across various markets. Petersburg, FL 33701 / (888) 255-9782 / email: info@paykings. Credit card processing methods fit into three levels: Level 1, Level 2 and Level 3. They wanted their entire commerce stack integrated with automation, business rules, workflows and a dashboard that captured it. Developers. These accounts are provided by specific banks and ISOs who understand the regulations and risk associated with the industry. Firearms merchant accounts are constantly under fire by big banks. Overall, PayKings is a reliable and reputable CBD payment processor that can help. PayKings Blog. Although the regulations for. PayPal combines different fees and add their own on top. Start Accepting Payments Today. Traditional payment processors can have a significant impact on CBD merchants. CARDZ3N processes payments for emerging markets & high-risk businesses, including CBD, crypto exchanges, gambling, travel, and more. This article serves as your compass in understanding digital payment options – the backbone of modern commerce. Unfortunately, the coins. Beware of changing regulations with major. @DustinK (dustin@paykings. Mail Order & Telephone Order. With occult services like fortune-telling and psychic readings, certain banks consider the industry high risk. Regrettably, fraud is becoming more prevalent as businesses strive to create secure client experiences. Your average ticket size is significantly less than $50. Market trends show the industry will continue to expand over in the years to come. When selling products or services online (eCommerce), always be wary of chargebacks, and take the appropriate steps to avoid them at all costs. That means PayKings will service companies in industries that many other payment services. In the dynamic world of online transactions, where speed and convenience reign, the occasional hiccup can disrupt the flow. Smartphones are everywhere. Additionally, marketing and web development companies usually have a significant delay time between billing and. A business opportunity merchant account is set up when a company would like to accept card payments from its customers. Whether you’re an ambitious bank representative finding new sources to bring in clients or an agent on the lookout for new opportunities, partnering with the right merchant partner is key to empowering your. A consistently high or increasing chargeback ratio. Hosted or Integrated Payment Gateway. PayKings recurring billing gives you the flexibility to customize the intervals when your customers are charged. Other retailer accounts on a bank statement. Login Enter your payment gateway credentials to login Username Password. August 2, 2023. This review examines. Some terminals like Clover or Toast cost up to $467 for the complete setup. iSpy Fraud Tool: iSpyFraud is a rules-based fraud prevention tool that merchants can use to screen suspicious transaction activity, helping merchants to. Digital payment options are the mechanisms that enable the transfer of funds electronically between individuals and businesses. In turn, they allow certain types of CBD-related businesses to sell merchandise and assorted products through their platform. A revolution was underway and it was driven by businesses with high risk merchant accounts. With PayKings, you can trust a company with years of experience across a variety of merchant account services, and the expertise required to set up an account service that will thrive in an unpredictable market. com P a y m e n t P r o c e s s i n g 1 0 1 f o r t h e Su c c e s s o f Y o u r e Co m m e r c e B u s i n e s s -----Hey Jody, I responded to the question above you but wanted to make sure you got the update too. Through strategic partnerships, we offer secure, flexible, and efficient payment processing systems for all industries. Chargeback Prevention: Navigating the Path to Secure Transactions. Data breaches are something that happens every day. In addition, these businesses need crypto payment. In order to obtain a Delta 8 merchant account, it is first important to understand the details of this product that’s blowing up the market. There are multiple financial resources and institutions that are eager to assist ambitious entrepreneurs. 2% + $0. It's often like comparing apples to apples when deciding between one over another. In the end, your merchant account may drop you if you exceed a certain chargeback threshold. Accepting card payments such as credit, debit, ATM, EBT, gift, company discount, etc. Sale offers two main types of chargeback assistance, protection, and insurance. As a result, every design becomes a long-term investment. Whether you are a well-established enterprise, school, influencer, non-profit, artist, or any other business, your. Card details are automatically refreshed, ensuring a seamless experience for both your business and. Credit card fraud is scary for people everywhere, especially with new technology. Reputational risk. Opening. This billing model allows companies to have a secure and consistent customer base that they can count on. 20+ Proven Bank Relationships. If your organization is one A merchant ID number, also known as a MID is a personal number banks use to identify your payment processing account. Much like CBD and THC, terpene oils fall into a highly regulated industry. By offloading your orders to Eye4Fraud, you are tapping into the most complete consumer shopping data pool in the world. PayKings is leading the industry of payment processing, especially for high risk merchants. Fraud is a big cause of credit card chargebacks. As a result, this gives customers a smooth and secure online buying experience. These services take care of electronic payments for businesses. The company’s core business includes revenue recovery through representment, long-term chargeback mitigation, and fraud alerts. 10 per transaction. It provides high risk businesses with the necessary tools to navigate today’s eCommerce. This encompasses a spectrum of solutions, each designed to offer convenience, security, and efficiency in our financial endeavors. 99. Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. If a company’s chargebacks exceed 1% of their total sales, you could end up pay fines or. Whether it’s a secure debit payment gateway, a physical payment terminal, or a high risk merchant account, PayKings has ideal payment solutions. August 2, 2023. The payment processor provides a way to accept credit card payments and transmit banking information securely. After opening your merchant account, you’ll be able to install the code to connect it to your online store. The payment processor provides a way to accept credit card payments and transmit banking information securely. 1. With a huge following, customers needed a way to find trust credibility through. A high-risk merchant account with instant approval can be the lifeline your business needs. It is no surprise by now that there are many companies and services available for merchants to purchase social media likes, follows, subscriptions, and even individual interactions. Large Merchant Case Studies. If you own a small or well-established business, you know that in order to accept credit cards, a payment processing fee must be paid on every transaction. With more regulations than ever, gun retailers are looking for new ways to expand businesses in a highly regulated market. Clear. As stated before, there are various reasons a customer may dispute a fee. Here are the top 5 high risk merchants that are mostly likely to process high risk payments. One of the main benefits Clear. 1 Location. Your Gateway Password is theRecovering Payment Processing Guides. If this happens while you’re running an e-commerce store, it means that when customers visit your site, they are being turned down as they try to purchase. With many different types of services from certified bankruptcy, divorce paperwork, will preparation, and more, there is an abundance of services that fall into this prosperous industry. Submit the proper documentation. Many people who can’t make it to their vacation destination try to reverse payments after realizing they can’t cancel an agreement. Medium/High Risk Accounts. Start accepting payments today-for virtually any. Auction Merchant Account. Magento handle millions of orders with 99. With your payment gateway integration and a portal through the bank, you can see all of your transactions and revenue flow. We can offer the high risk payment processing solution your CBD merchant account needs. Step into the realm of cutting-edge payment solutions with our comprehensive guide to Level 3 credit card processing. Whether there are any refunds or chargebacks associated with any given purchase. Higher risk of fraud. This has resulted in many more businesses needing a vape merchant account. Financial Transaction Processing. The way it works is for a separate legal entity to engage in the payment processing while they, the banks, sign on as strictly the depositor. This means that. It has the highest level of customization and integration in the payment gateway industry. Reality. 25% for non-profits & 2. Don’t confuse a high risk payment gateway with a. Find out here how to choose a. Approval – Once the bank approves your Shopify CBD account, you’ll be able to start accepting payments. It’s available in 175 countries with over 1,000,000 businesses using the all-inclusive online selling platform. PayKings will help you get your account recovered the right way. May 18, 2023. From: $ 39. Love your hamster, love yourself!The PayKings High Risk Blog is a leading source for advice and innovations relating to high risk merchant accounts, and payment gateway related features. These products can range from general hemp-infused clothing items, to edible cannabinoids. It is crucial to comprehend the distinction. Our team’s priority is assisting our clients in. Chargebacks are quite common when it comes to subscription box merchant accounts and this can happen for a number of reasons, but regardless of why, these chargebacks will. You have zero to low chargeback ratio. With a CBD payment processor that fits your. Clearly, it is best to seek out a high risk merchant account payment processor that has great. The History of Vindicia With over 15. In fact, it's growing so much that there's a huge demand for these cannabis business owners to obtain a sustainable Canadian cannabis merchant account. The 3D Secure feature works through the 3D Payment Gateway enables the shopper to enter a password to confirm their identity with the card issuers. How to Lower Processing Fees. WooCommerce High Risk Merchant Account WooCommerce is an ecommerce plugin for WordPress that is There are many reasons a shopper might initiate a chargeback, and understanding these can help you to fight them and even avoid chargebacks all together. How to avoid this in the future: When it comes to fraud due to credit card chargebacks there are many tools available to merchants to alleviate fraud in the online payments world. Accept electronic payments for your “brick and mortar” business, including MasterCard®, Visa®, American Express®, Discover® and JCB®, Pin. 1 to 50 Employees. But PayKings has compiled a helpful list to get you started and keep your eCommerce business on track and flourishing beyond what your competitors are doing. And with the average American household having reportedly $130,000 in debt, it’s clear why the debt. Shopify recognizes the changing laws and regulations in the CBD industry. The legalities and brand associations are the principal concerns for banks and financial institutions. It allows you to take credit card payments, handle more transactions, and keep your operations safe. Very Bad company, never ever go with them. Mobile Payment Processing. The financial technology (fintech) and payment sectors are in constant flux, with transactions occurring rapidly and easily online. Luckily, here at PayKings we have put together not one, not two, but four guides to help you become an expert on every aspect of recovering payment processing. Recurring Billing. We will be in touch shortly to discuss next steps!PayKings is an international payment provider for the high risk industries. A chargeback is a refund that the merchant is forced to give, as opposed to a refund voluntarily given. With a variety of working capital products available—Small Business Loans, Lines of Credit or Business Cash Advances — you can get the funds you need to purchase inventory, hire employees, or grow your business in. Plus, They help merchants from Shopify get up and running by leveraging relationships with banks to help high-risk merchants get approvals. There are several steps when setting up. Each level is defined by the amount of information that is required or passed to complete a payment (with Level 1 having the lowest requirements and potentially the highest costs) Level 2 and Level 3 card data provides more information for business, commercial. Bad credit or low credit score. A merchant account is the foundation of your online business. Unfortunately, the coins.