Category Archives: Merchant Services

Accepted Merchants

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We hope we can do some business together.

We are interested in any US accounts that have been declined by any existing processor. We also work with many other processing banks both in the US and worldwide; we specialize in higher-risk accounts, but also niche accounts or accounts that are simply outside of the normal “acceptable” list for processors, as well as traditional retail accounts. The following lists the account types we have had success placing within the US in recent years. Seeing as how the high-risk industry changes every 2-3 weeks, as banks are always facing new regulations, it’s hard for us to give you an exact list of what we can or can’t do as the market is so fluid; if you don’t see your merchant type listed, please simply fill out the Merchant Pre-App Form and we will be happy to provide fast feedback!

Age Verification
Annual Memberships
Adult Novelties/Lingerie/Content
Alcohol/Wine/Liquor Online
Animals by Mail
Auctions
Bail Bonds – MOTO
Bankruptcy (required time since discharge)
B2B
B2G (high average tickets from military contractors, $5K etc)
Business Opportunity (biz op)
Canadian Retail
Canadian E commerce
Cigars (eCom)
CNP Tobacco
Continuity (free-trials, negative opt-out billing, previous history is typically required)
Credit Counselling
Credit Repair
Daily e-Coupons (like Groupon.com)
Dating Websites & Matchmaking Services
Direct Marketing(Trial/Continuity
Discount Medical/Insurance Memberships
Discount buying clubs/prepaid
Ebooks/Digital/Software Downloads
eBay Merchants (no website)
eCigarettes & Accessories
Extended Warranty & Protection Services
501c3’s
Fantasy Sports
FFL Dealers
Future Fulfillment
Furniture/Home Improvements
Gift Certificate & Stored Value
Grants
Herbal Supplements
Hotel Reservations
Investment Advice – Stock Trading Tips/Mentoring/Software etc
IPSP’s
Large AVT greater than 2500.00
Live Animals (puppies/lizards etc)
Memberships/subscriptions
Micro loans (CC repayment)
MLM
Multi-Currency
Nutraceuticals
Pharmacy- Retail only
Penny Auctions – No startups are taken with any of our processors
Poor Credit
Precious Metals
Prepaid Phone Cards
Property Rentals
Psychics/Fortune Tellers
SEO Management
Sports Info (forecasting)
Stun Guns
Tax Resolution
Tickets to Events (future fulfillment)
Timeshare Advertising
TMF Merchants
Travel Services
Warranty Services
Web Design
Vacation Rentals

For EU Merchant Accounts , we have been given an exclusive opportunity with an EU processor to board both US and International Merchants with their processing solution.

Here are some highlights of the solution:

Cards Accepted are: Visa, Visa Debit, Visa Electron, MasterCard, Maestro, American Express, Solo and JCB
Current Currencies: USD, CAD, GBP, EURO, HKD, SGD, AUD,AED, CHF,DKK,JPY,NZD,NDK,SEK and ZAR.

Below is a list of “difficult to place” sectors we can look at (of course lower risk merchants are welcome as well):

Adult Content / Products
EU Gaming (coded correctly at 7995 MCC)
Claims (post-paid only – never pre-paid)
Nutraceuticals/Herbal Supplements (but not continuity/recurring billing)
Astrology / Horoscope / Fortune tellers
Monthly Memberships
Dating
Pre-paid loads (3DS mandatory)
Collection Agencies (debit cards only)
Jewellery
FX (if UK licenced)
eWallet (if UK EMD2 licenced)
Insurance
Payday Loans – Debit Card only with established financials and 6 months trading

Low Risk accounts can be placed in the 2% range dependent upon review of business model.
High Risk Accounts can be placed in the 3 to 4% range dependent upon review.
Merchants payout schedule is weekly, 5 days in arrears, and typically a 6 month “rolling reserve” of 5% or 10% is requested on new, or higher risk, merchants.
If the merchant is willing to open a bank account when getting their international merchant account through this EU processor, they will earn interest on their deposits.

No Cost Pre-application Form!

(Se habla español) Phone: 1+ 224-357-6314

How is Underwriting performed?

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Underwriting

Underwriting is performed on every merchant account application. The processor will pull and review your personal credit, and review your business model (and also check the TMF list). The reason for this is that there is a risk involved on every merchant account: every transaction that the bank allows a merchant to process is essentially a 6 month loan to the merchant until the chargeback liability expires.

Since a customer has 6 months to issue a “chargeback” on any credit card transaction, every transaction the bank allows a merchant to process is a “signature loan” or “provisional credit” to the merchant for 6 months. A prospective merchant should realize that a processor offering merchant accounts is doing so as an investment vehicle, and on all investments there are risks. The ultimate risk here is that a merchant will process, for example $20,000/month, for 3 months, and then go out of business, unable to fulfill their services/products promised to their customers. Since customers have 6 months to issue a chargeback for services/products not received, a right granted to them by their credit card issuing bank, the bank can expect to see many of these transactions to come back as chargebacks. While it is true, that most processors require a “personal guaranty” and will attempt to pursue you personally to collect any losses, it is the processor that is ultimately responsible to Visa/MC/AmEx/Discover for repaying these transactions if the merchant is unable to.

True, this is a “worst case” scenario, however, losses are incurred on a more regular schedule, on merchants that experience even less significant chargeback problems. So, this is why underwriting is involved on a merchant account application, to ensure that the processor is not assuming more risk than is warranted.

Denied Merchant Activities

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List of Denied Merchant Activities

The following is a list of merchants that are not able to be accepted by any of the processing banks that we work with. This is not an exclusive list. Other businesses may be declined by the processing bank after an underwriting review.

  • CHILD PORNOGRAPHY
  • ANY ILLEGAL PRODUCT/SERVICES
  • REPLICA, COUNTERFEIT or KNOCK-OFF PRODUCTS
  • AGE VERIFICATION
  • CHARITIES THROUGH OUTBOUND TELEMARKETING
  • DRUG PARAPHERNALIA
  • PYRAMID MARKETING/PONZI SCHEMES
  • ANY PRODUCT CONTAINING SYNTHETIC CANNIBINOIDS, “BATH SALTS,” OR OTHER CHEMICALS NOT INTENDED FOR HUMAN CONSUMPTION
  • “HATE” PRODUCTS

Prohibited Countries

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List of Prohibited Countries for International Merchant Accounts:

Most processors will not be able to accept merchants from these countries; this list is not guaranteed to be exclusive:

  • Any OFAC sanctioned country
  • Afghanistan
  • Albania
  • Angola
  • Antarctica
  • Balkans
  • Belarus
  • Benin
  • Bosnia
  • Cameroon
  • Central African Republic
  • Cote d’Ivoire
  • Croatia
  • Cuba
  • Ethiopia
  • Georgia
  • Ghana
  • India
  • Indonesia
  • Iran
  • Iraq
  • Kurdistan
  • Lebanon
  • Liberia
  • Libya
  • Macedonia
  • Malaysia
  • Myanmar
  • Nigeria
  • North Korea
  • Pakistan
  • Palestinian Territories
  • Romania
  • Somalia
  • Sudan
  • Sri Lankra
  • Syria
  • Russian Federation
  • Ukraine
  • Venezuela
  • Yugoslavia
  • Zimbabwe

International Merchant Accounts

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Merchant Accounts and Merchant Services

No matter your needs, InstaBankCard.com can help you establish the right process payments for your business. Please complete our quick free pre-application for a no-obligation proposal on rates & fees for your business, we specialize in the following account types:

  • U.S. & International Merchant Accounts
  • Hard To Place Merchant Accounts
  • Mail & Telephone Order Merchant Accounts
  • Internet Merchant Accounts
  • Mobile or Retail Merchant Accounts
  • Multi-Currency Merchant Accounts
  • High Volume
  • eCheck Processing
  • ACH Processing & Demand Draft Processing
  • Fraud Protection Services

With a merchant account, you can offer your customers the ease, speed, and convenience of buying from you.

Accepting credit cards with a merchant account can increase your sales potential by 75 million customers in the U.S. alone! Credit card processing analysts estimate 9 out of 10 people use a credit card for their online orders, and InstaBankCard.com can help you with all your credit card processing and merchant account needs!

Even if you’ve been declined for a merchant account somewhere else and do not have the ability for credit card processing, InstaBankCard.com can help you get a merchant account and accept credit cards!

Internet Commerce Merchant Accounts

We are a world leading consultant group for hard to place merchant accounts. We also offer low risk merchant accounts with competitive pricing. We specialize in merchants looking for a service above the normal offerings from traditional merchant service providers.

By increasing the methods to accept online payments, including checks (eChecks, ACH or Demand Draft) everybody can benefit! Let InstaBankCard.com be your consulting choice to accept checks today!

There are dozens of millions of customers in the USA that are “un-bankable.” This means that they do not have the credit necessary to have a credit card issued to them. By turning away millions of potential customers, your bottom line suffers.

When you accept checks online, you give your customers another method to purchase from you. You extend the reach of your website to the millions of consumers who can’t purchase over the Internet because they don’t have credit cards, don’t have available credit on their cards, or simply prefer to pay by check.

Specializing in merchant accounts, credit card processing, ECOMMERCE  hard to place merchant accounts, gateway services, accepting credit cards and e-Check processing. Sign up today!

No Cost Pre-application Form!

(Se habla español) Phone: 1+ 224-357-6314