by VIJAYRAJ » Wed Jan 28, 2009 05:03 pm
I am going to opt for my new E-commerce High Risk Merchant Account. Can I get anyone who will tell more about how insurance sector will deal if I am in need for this type of insurance for those online transactions going to be taken place with couriers and the payments by online credit card acceptance?
Do I need to insure for both transactions differently? Or I have any offrers from those credit card offering banks? Can anyone help?
Do I need to insure for both transactions differently? Or I have any offrers from those credit card offering banks? Can anyone help?
Posted: Wed Apr 15, 2009 12:18 pm Post Subject:
Ya i think you need to ensure both the cases differently
Posted: Wed Apr 15, 2009 02:47 pm Post Subject:
Hi..
To tell you the truth..it's really tough to obtain such accounts from banks. Usually banks don't prefer high-risk merchants. Even when they offer these accounts to such customers, they're gonna charge much higher rates.
On the other hand if you'd go for a third party provider, you might achieve a cheaper rate. This happens due to a severe competition amongst such providers. In order to lower your costs further, you may also look for providers who don't charge you for the application.
Good luck!
Roddick
Posted: Tue May 05, 2009 02:26 pm Post Subject:
as per my experience and kowledge. both bank and insurance company won't like to those high risky programs and you'd have to bear the risky by yourself.
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