IC Plus specializes in providing companies that are considered high risk due to industry type or nature of businesses payment cycles with a secure merchant processing!
We offer:
You have a solid business track record. Your business is profitable and your credit is good. But because your business is in a 'high-brand risk industry" according to the banking industry, you have to jump through hoops and possible even pay rates up to 8.95% for the privilege to offer your customers the ability to pay by credit card.
At IC Plus, we work exclusively with acquirers who understand the challenge you face and offer the opportunity to have a merchant account at a competitive rate with the peace of mind of knowing your business wont be blind-sided by escalating rates or cancelation shortly after approval (a standard occurrence when unscrupulous merchant processing sales reps try to sneak your business in by misrepresenting things like MCC, Average Ticket, Days to Complete Job, etc, etc to get your approved. A Major Problem For You!
Click Here to Get at No Obligation Rate Quote and Learn How We Can Help You Get a Merchant Account You Can Trust!
Here are just a few examples of High Risk Industries/Merchants we have has approved!
There are hundreds of others industries considered high risk we can serve. Click Here to see how we can help your company avoid higher rates and possible reserves held after you start processing!
Has Your Business Been Told You Now Require a Merchant Account Reserve to Continue Processing Credit Card Payments? If So.... We Have Your Solution!
Setting the right expectation with underwriting is key to avoiding disasters after approval and initial processing begins! We are experts in navigating the process!
A merchant account reserve is a set amount of the business’s money that is put aside by the acquiring bank as a security deposit. This protects the financial institution from unplanned liabilities. Each processor has its own regulations and qualifying criteria for merchant account reserves. However, the level of risk the merchant presents to the processor is one of the biggest factors in determining if a reserve is necessary.
Generally, all high-brand risk merchants need a reserve, and the reserve is usually enacted from the very beginning of the merchant processing agreement. However, any merchant can be subjected to a reserve at any time. If the merchant’s risk escalates, the processor’s risk protection must also increase.
Those merchants who are forced to implement a merchant account reserve tend to have the following characteristics:
Reserve accounts may be required temporarily at the beginning of a merchant processing agreement and removed after a predetermined time period, or the reserve might be enforced for the duration of the agreement. In order to avoid this reserve, IC Plus works with acquirers who approve your account based on up-front disclosed data you provide to us that is evaluated by banks with a greater propensity to underwrite and take on the risk without a hefty penalty in terms of rate and fee changed. Don't Take the Risk with Just Any Processor!
Get at No Obligation Rate Quote and Learn How We Can Help You Get a Merchant Account You Can Trust by Clicking HERE
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