high risk merchant account

If you are planning to start your own online business, chances are you would have heard of the term high risk merchant account and how it can turn into a nightmare for all your ideas of a quick fortune in the online sector. Well, worry not. Just because you are planning to start your e-commerce portal does not mean that you would need such an account. Hence before you go about setting up your online credit card processing system, it is important to understand what we mean by “high risk”, and more importantly…would you need one?

Let us start by understanding the term. High Risk Merchant Account simply refers to a merchant account which the bank sees as a risky investment. You have to understand that every business has a certain degree of “risk” or “uncertainty” associated with it. When providing banking accounts to businesses, banks have to check the viability of the business, the securities available and how it would be able to simply “minimize” the risk involved. With online businesses, this “uncertainty” is higher than a traditional brick and mortar set up.

The primary reason for such accounts continue to be the high possibility of chargebacks on your account. On top of that, while there are many long term businesses on the internet, many “categories” of online businesses have a rather short shelf life. Essentially, what we mean by that is the businesses gain quick momentum, become popular and then before you know, they simply fade away. Also, there are other categories of business which are not essentially legit and leave a lot of grey areas for the merchant banks to meander. Since the online banking also require online credit card processing, the high possibility of fraud makes it a viable threat to the merchants. These businesses are hence looked at with more than ordinary scepticism. It’s not that you would not find a vendor – but high risk accounts would often draw a much higher interest rate.

Here are a few examples of businesses that qualify for a high risk merchant account:

Adult Entertainment
Online Gaming/ Gambling
Pharmaceuticals
Gun Dealers
Medical Marijuana
Nutraceuticals
Travel & Reservation
Technical Support
E-Cigarettes, etc.

Apart from that, if you have your business registered outside of the USA, you directly qualify for a High Risk Merchant Account and should accordingly reach out to vendors that can provide you with the same.

Can High-Risk Driver Get Affordable Auto Insurance Coverage?

Another way to generate more income is by avoiding risky customers, and in the auto insurance case, high-risk drivers are not prospective clients in the standard market. As a matter of fact, most insurers avoid providing coverage for high-risk drivers. Their best chance to acquire coverage is from the less affordable non-standard market. Some underwriters do specialize in this market, and Good2Go Insurance is one of them.

High-risk vs. Low-risk Drivers.

Every insurance company has their formula to classify each potential customer. Low-risk classification is for drivers with clean driving records, zero insurance lapses, excellent credit score, and those who always pay their premiums on time. Some variables including age, homeownership, profession, marital status and address also play their roles in the classification process. High-risk drivers are risky customers because of existing tickets for major traffic violations on their driving records, for examples DUI and reckless driving. Involvement in accidents causing severe injuries and death are a serious red mark, too. Insurance companies that specialize in the non-standard market, including Good to Go Auto Insurance, have more flexible rules for classification, and it does not matter if you’ve crashed your vehicle in the past.

Getting Affordable Coverage.

Every state has a minimum auto coverage requirement. All drivers must include the minimum requirement in their insurance policies. The rules are different from state to state, so you may need to check with the local DMV regarding this rule. Many high-risk drivers purchase only the minimum coverage requirement to avoid spending too much on insurance. However, being a legal driver does not always mean that you are well-protected. Optional coverage such as Comprehensive and Collision are useful and often necessary in many situations. When you crash your vehicle to your neighbor’s fence, for example, Collision Coverage kicks in to give payout. Some high-risk insurers also provide optional coverage; Good 2 Go Insurance offers both Comprehensive and Collision as well.

Just like purchasing home appliances or furniture, it is important to compare prices between many different sellers. When it comes to insurance, you can ask for quotes from various companies and compare the prices. Nowadays, insurers allow everyone to request a quote via Internet. A quote is like an estimate that tells you how much you can expect to spend for the coverage. Insurance companies often provide discounts to help reduce premium. Take the deductions into account to get a more accurate estimation. In the middle of a fierce competition in the market, many underwriters, such as Good2Go Insurance, offer many discounts to draw potential customers.

Typical auto insurance discounts.

Although the amount of savings is different between companies, there are some common types of cuts in all of them. Put in mind that the following discounts are not unique to Good to Go Auto Insurance or any other underwriter.

Defensive Driving Course: for high-risk drivers, taking defensive driving course shows your good intentions to avoid involvement in accidents in the future and not repeat the same traffic violation. Insurers often give discounts for every driver who completes this course.
Multiple Vehicles: insuring two or more vehicles with the same company may grant you significant savings.
Good Students: if you are still a student, you have a big chance of getting auto insurance discounts if you have good grades.
All those three discounts are available from Good 2 Go Insurance, but other companies may offer similar savings in different names. Other common discounts include homeownership, safety devices, and always one-time premium payment.

Payment Options.

To manage your expense better, ask your insurance agent about possible payment options. They are not available from all insurance companies, but at least an underwriter, Good to Go Auto Insurance, has three options available including Monthly Installment Plan, Quarterly Installment Plan, and Annual Up-Front. All payment plans are for one-term policy or one year. Other underwriters may provide similar offers but in different forms. Insurance coverage from the non-standard market is more expensive than the standard market. Payment options are helpful to keep every expense more manageable.

Revoking high-risk label.

A different ticket affects driving records in a different way. A minor violation is revocable by paying fines, and the tickets will disappear from your record. A major breach like DUI is harder to revoke, and it stays on your record for several years. High-risk label does not stay forever. When the time comes, driving records will be clean. When you are still high-risk, chances are you need to purchase insurance from the non-standard market, for instance, Good2Go Insurance. After you revoke the high-risk label, you can buy insurance from the standard market again.

Complying with state’s regulation.

Before purchasing coverage from any company, please make sure that the policy includes at least the minimum coverage requirements according to your state’s law. Some companies do not provide services or sell insurance in all states in the country. Take Good2Go Insurance, for example, the company sells insurance policies only in some states, but it works with a network of underwriters to cover all states.

How to find Unisex Salon for Hair Straightening

Smooth, silky and straight hair is highly in trend these days. It is not difficult to get straight hair; you can easily get it in any salon. Sometimes the result is not satisfying, many girls complain of hair fall, roughness, etc. As we know that the methods of permanent hair straightening involve chemical products but it will not cause any reactions if they are of decent quality.

Hair straightening v/s hair smoothening
Hair straightening will give pin-straight hair while hair smoothening will give natural look. If you want to straighten stubborn curls, hair straightening will do that but don’t expect the same in smoothening.

Hair smoothening is also known as a Brazilian blowout, keratin treatment, protein treatment, etc. The chemicals used are not as harsh as compare in straightening but the results are also not long-lasting. It only lasts about 4 to 5 months. For long term effects, hair straightening is the best. Scroll down if you want to develop a deep understanding about straightening methods-

Keratin Treatment: This treatment is a kind of smoothening process. Keratin is a protein in our hair when our hair is exposed to dust and pollution, our hair loses keratin. You can refill the void with this treatment and get back keratin in your hair.

After this treatment, you will have smooth and shiny hair. If your curls are stubborn, you may not find this treatment apt for straightening because the natural look remains almost the same in this treatment.

Permanent Hair Straightening: In permanent hair straightening, you will get pin-straight hair, though somewhat artificial every strand of hair will get straightened. It involves the use of formaldehyde, so consult your hairstylist. If you already have healthy hair, you can go for this treatment. If your hair is damaged, go for light treatment like hair smoothening.

How to find hair salon for straightening
These treatments demand time and patience so chose a salon wisely. Sort your requirements beforehand so that you can find a salon easily. There are many salons in Lucknow. Some are top-rated but a fee is also high, so figure out on your part how much you want to invest. You can also find many salons with decent ratings that also have an affordable price.

As this treatment is time taking, make sure your hairstylist is polite enough. Also, keep in mind that the salon should be well- ventilated because the release of chemicals may irritate. Also consider other aspects like a clean environment, etc.

Ask someone in your acquaintance who has got these types of treatment recently.

Leave questions on Quora like which salon is the best for hair smoothening in Lucknow. You will find more than one answer on this platform. If you know about any salon, visit the website, if it has the option of live chat or something, ask your doubts there or leave your message.

Take the help of Google search for instance if you want to search a salon for hair coloring, type global hair coloring in Lucknow, hair root touch up, etc