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.

Satrangi capital-The best option to finance your start up

When you have the passion to succeed in business, you need to work with the best. Satrangi is definitely the best especially when it comes to financing the business venture. This is one of the best online fundraising means that enables you to get the best out of the funding. One of the reasons why it is the best is because of the ease at which the invoices are factored in. It is very easy to factor in the invoices and so you will get the cash in a short time. The service provider here is much more efficient than any other. It is not like a bank where you will have to wait for a couple of days or even months, for approvals to be made before you get the cash. The other reason why this is the best patent market place is because of the many credible investors you will get here. This is one place where you are assured to get only the best investors in the field. You will be at ease knowing that your product is safe even when you sell or buy patents.

It is in this site that all the patents for sale are always sold. This ends up becoming an added advantage for the entrepreneurs. The other reason why this is the best option to finance your capital is the fact that you are going to get more than just finance. You are going to meet with some of the best brains when you make the choice to come here. This is one of the best public relations platforms. You are given the chance to interact with the best to improve your business. Partnership formation is also more likely in this platform. You will get the chance to form partnerships with some of the best investors that will help you scale the heights of success. If you had some cash then you can merge it up with the partners’ cash. You will also be glad to know that these partners are like no other. They are partners that are serious with taking the business to greater heights. They will share the profits as well as the losses from the business.

Satrangi has also been known for the best place to buy ideas. If you have a great idea, you can make money from it by selling it in this platform. The best part is that you can be sure you are going to get value for your money when you come here. Not all the other platforms out there can be able to offer you this chance. There are platforms that can take several years for people to even notice the wonderful ideas you have. This is because they lack the visibility that you are guaranteed at Satrangi. There are so many reasons why Satrangi is the best place for startup investors. These are some of the many advantages. You can take a look at the many reviews the platform has received over the years to get a glimpse of what you stand to gain from this platform.

Easy Tips to Save Money on Motorcycle Insurance

While motorcycle riding can be a fun-filled activity, you need to be certain to remain safe at all time. This is why purchasing a motorcycle insurance is an absolute necessity. It not only protects your ride but also saves your money in an event of an accident.

In India, you can find a variety of motorcycle insurances that differ widely in terms of price & coverage. Still you can choose the best Motorcycle insurance policy as per your need and budget. But before you head to any insurance company to purchase the policy as per your need, you must read the following tips to make your motorcycle insurance a little less expensive:

Look for discounts: Many bike owners hesitate to ask for discounts on the insurance policy. They consider that they might not be eligible for the same. However the fact is that insurance companies do offer a plenty of discounts who drive rarely or have a good driving record. Apart from this, if you are someone who has pursued a safe driving course, then too you can get a good discount on your motorcycle insurance policy.

Never include members with the poor driving record: Don’t include anyone in the policy who has a poor driving record. Their crummy record will cause your motorcycle insurance rate to be a lot higher than it would be if they are not included in the policy.

Avoid small claims: Instead of filing small claims, you must save the claims when you experience a substantial loss. This way, your claim will not be rejected, when you really need the financial support. Insurance providers appreciate the customers who file just a single claim in a year. If you file more than that, your insurance provider could decide that they have no interest in renewing your policy with them because of it.

Ride alone: Unless it is too important, don’t let anyone ride with you on your bike. This way you won’t require a passenger liability coverage. Note that not getting this coverage means that you should not be letting other people ride your bike, ever. If you let passengers ride on a bike that doesn’t have passenger coverage on it, you will be in a real trouble.

Maintain a good driving record: Whether you believe it or not, your driving record greatly affects your motorcycle insurance rate. Though you cannot improve your past record instantly but can stop making more unwise mistakes from now on, as getting these flaws removed could make a little difference in the policy premiums that you would pay each month.

When you are trying to find the good motorcycle insurance policy, make sure you do a thorough research and shop around for all available options. Never purchase the first policy you come across because you never know and may find a much better policy later on. Also, see what all coverage is being offered under the policy and also the premiums that you will have to make each month. Make sure you end up purchasing a motorcycle insurance policy that is equally good and affordable to you.