Showing posts with label high risk merchant account. Show all posts
Showing posts with label high risk merchant account. Show all posts

Thursday, October 4, 2007

Advice to Would-Be E-Commerce Merchants - Plan Your Success!

The keyword is online. If you stop and think about it, doing business online and the brick and click way are kinda different. But if you look closer, the similarity of doing business between the two can be astonishing! The only difference may lie from the fact that online business people would have to deal with more computer technology than they can ever think of. In reality though, the most effective online entrepreneurs hardly spend more than 4 hours in front of the computer!

What makes a successful online businessman then? I hear various opinions from everyone. One, you should find multiple streams of income. Two, you should bank on your talent and persistence as your capital. Three, like learning how to swim, everything is about technique, technique, technique! Which would you rather believe? I'd say all of these work in conjunction with one another. But without a plan or goal, success in doing business online isn't as easy as it seems!

Sure, you get a domain. You design your website. You have infrastructure built such as shopping cart, payment gateway, third party credit card processor. You may even apply for a merchant account with a high risk merchant account provider. You employ SEO tactics and other forms of online advertising. You provide good customer service and ship goods efficiently. But what's your next move?


full article:

Advice to Would-Be E-Commerce Merchants: Plan Your Success!

Wednesday, October 3, 2007

How to Keep Your High Volume Credit Card Processing Account

Obtaining a merchant account for high volume credit card processing is nothing new. A lot of merchants find themselves compelled to apply for one as soon as their businesses boom. Before they know it, they are already transacting payments that began from $10,000 on monthly volume up to several million dollars. Most of them may have applied for offshore merchant accounts, too, depending on the nature of their businesses. Of course not all high volume businesses are considered high risk. The very reason why they eventually get translated into high risk is when they begin accepting higher than normal transactions and possibly encountering chargebacks and customer complaints.

WHY SHOULD YOU GET A HIGH VOLUME MERCHANT ACCOUNT?

Lower rates. Is this possible? Sure. Many high volume merchants would tell you that the best reason why they are out to avail of high volume credit card processing is the fact that they can get lower discount rates and fees. But wouldn't this be a little unprofitable on the part of the merchant account provider? Not really. Simple math will reveal that the sheer volume itself will make up for the lowered discount rates so both the merchant and the provider win.

HOW IMPORTANT IS MAINTENANCE?

HOW DO YOU MAINTAIN YOUR HIGH VOLUME MERCHANT ACCOUNT?


s0urce:
High Volume Credit Card Processing - Keep it, Don't Lose it!


Tuesday, October 2, 2007

Best Tips to Avoid Frozen Accounts with Your High Risk Merchant Account Provider

In the world of online sales, there are a lot of things written on the page but are left unread between the lines. In other words, you go about selling your products and services but there are lots of things high risk merchant account providers don't tell you. Not because they could not or would not, but because they would not discuss the issues with you until you have experienced them. A good example is going through possible freezing of your merchant account.

If, as a high risk merchant, you have not exerted an effort to make a research concerning frozen accounts, then you're in BIG trouble. I'll keep it short. Once your merchant account is frozen, your present and future business is put under horrible risk. First, because you will lose the ability to process credit cards online. Second, you will be denied merchant account if you applied for another one. You certainly cannot allow this to happen and it will never if you are smart enough to take preventive measures.

full article:

Best Tips to Avoid Frozen Accounts with Your High Risk Merchant Account Provider


Frozen merchant accounts are horrible for your business. Now is the time you find out the issues with your high risk merchant account provider before your business goes down the drain!


Thursday, September 27, 2007

High Risk Merchant's Guide to Selling Computer Hardware Online

Many people have been making a lot of profit off selling computer hardware online. Unlike selling software or other digital items online, computer parts undergo an entirely different selling process and may be considered less risky on the transaction scale.

RESELLING SERVICES

A lot of computer hardware merchants actually make money by reselling computer parts. They will buy it for a lower price or acquire used parts then sell them online for a percentage of profit. There are a lot of existing reselling services online that will provide you several services in one package for a price. Some of these services may include:

  • worldwide vendor inventory search

  • new product alerts from advertising merchants

  • website customization

  • drop shipper list

Others work like eBay. You will only need to:

  1. Register

  2. List your products with their descriptions

  3. Receive buyer offers

  4. Pick, reject or haggle offers

  5. Accept payment

  6. Ship the product

Plus you will have access to what other merchants are selling online by browsing the virtual marketplace.

DROP SHIPPING

High risk merchants find that if they can affiliate with good computer hardware drop shippers, they can make a ton of profit. Drop shippers only charge for the wholesale cost of the items and ship the items to the customers themselves. In fact, some merchants make money solely through making selling contracts with drop shippers.

MERCHANT ACCOUNT

Computer hardware sells like hotcakes these days too, according to online marketing researchers. When computer hardware merchants start transacting high volumes of payments each month, they may also start considering getting a credit card payment processor or a high risk merchant account provider to help them handle the growing sales volume.

Here's a list of benefits of having a computer products merchant account:

1. VIRTUAL TERMINAL

Once the merchant account is up and you are ready to accept credit cards, it's likely that your provider will let you process checks and other forms of payment using a virtual terminal. If you do the math, not only will you preserve the old-age functions of your business, you will also likely quadruple your sales as soon as you acquire your virtual terminal.

2. SAVINGS AND REDUCED RATES

High volume merchants profess that the new account has helped them save thousands of dollars per year, with discounts and promotions. Moreover, if your business is considered high risk and you're enrolled in an offshore bank, you get the privilege of reduced tax and non-governmental interference.

3. STATEMENT/ACCOUNT HISTORY REPORTING

Keeping count of your transactions whether it's daily, weekly, monthly, or yearly is extremely valuable to your business. Account providers ease your burden plus give you quick access to your account statements if you wish to view it online.

4. PROTECTION FROM FRAUD

It's mere common sense to apply only for a high volume merchant account that offers protection from fraud. This is the number one reason why some merchants don't want to take the first step towards application. A sophisticated system like SSL or secure database encryption will ensure no identity theft will happen. This results in less chargebacks.

5. SHOPPING CART

How you do your business remains the same except that your customers will find more ease in buying your products and services. For a discussion of online shopping cart, see Streetsmart Tips in Choosing Your Online Shopping Cart.

more articles at www.highriskexperts.com



Wednesday, September 26, 2007

Selling Digital Item Features - What's Hot, What's Not

Know that not all high risk merchant account providers are able to let you sell downloadable items for the simple reason that only a handful of them can provide 100% secure delivery of the files. When this happens you resort to selling at eBay for free, but selling at eBay also has its own pitfalls. In choosing a merchant account provider for selling digital items, you should weigh the following positive and negative points:

PLUS POINTS

INSTANT DELIVERY

AUTOMATION

INTEGRATION

HACK-FREE

The ability of MAPs to deliver digital products sans hacking. Selling digital files won't be called a high risk merchant's territory if it does not involve the risk of getting hacked. Secure download is the rule, not the exception. Passwords with expiration dates are better than having to provide a download link where the url can be easily typed and the file be downloaded repeatedly by different users.

MINUS POINTS

LIMITED PAYMENT PROCESSING

One thing I noticed is that even though a lot of high risk merchant account providers can process payment on your digital download sales, they can only process a very limited number of payment options such as Paypal, some credit card, some e-checks, or process payments only in U.S. dollars.

LIMITED OR NON-INTEGRATION

UNSTABLE FILE LOCATION

NON-AUTOMATED DELIVERY METHOD

full article:

Selling Digital Item Features - What's Hot, What's Not


Selling Software Online - Quick Tips for High Risk Merchants

Marketing researchers online have shown that of all the products that get sold online, computer hardware and software hit the highest mark. Tech-smart entrepreneurs can create their own digital products (e.g. E-book, software, digital images) or buy and sell computer parts and then sell them online for free. Some of these merchants also get the help of third party payment processors or high risk merchant account providers to transact, manage, advertise, and market their products when handling them solo becomes a big burden.

What features can you get from high risk merchant account providers that let you sell software online? I found out from a quick research online that some features may be commonplace but some also stand out. I made my own list and here's what I came up with:

SOFTWARE/WEB PROGRAM

THIRD PARTY PROCESSING FUNCTIONALITY

OTHER POINTS TO CONSIDER


full article:

Selling Software Online www.highriskexperts.com


Friday, September 21, 2007

Online Casino Merchant Accounts Offshore: Has the US Lost the Battle?

As we already know that online casinos are not only based offshore but also hire the help of high risk merchant account providers, we can be assured that our accounts and transactions are being taken cared of. In fact, this is mostly what online casinos would tout of when it comes to payment processing: that they can process multiple currencies, process various types of payments (even non-virtual ones), and above all process these payments securely. At the end of it all, what more could a customer ask for? Of course whatever perks the online casinos would like to put in their array of attractions, it's up to them.

By Gerri Bryce

The US government has gone a long way to show its clear distaste of the online gambling institutions in the country. One that gave the most impact is when US players are prohibited from using their credit cards to pay online casinos and online casinos are just as disallowed from transacting payments made via US credit cards and other payment methods. This has eventually meant that online casinos will be not only be based offshore, but will be transacting payments that are non-US based, even though the majority of the players themselves come from the country.

The UK, however, has practically opened its floodgates to online gambling. Poker rooms and sportsbooks may soon be able to advertise on TV, allowing more players to invest on the games and thus increase the gambling companies' revenue. Does this spell more opportunity for high risk merchants doing business offshore? Of course. Even though profit is regrettably US-deprived, casino merchants may still be able to find relief from the fact that other areas of the world will still generate as much revenue in the near future.

A good example would be in Asia. In India alone, casino resorts are being built annexed to tourist spots such as Goa in order to attract more players. That includes not only land-based but hosted online casinos as well. In other parts of the world, companies are seeing more and more casino domains sprouting up to cater to online poker, roulette, blackjack, slots, lottery, and bingo players. This may mean more competition, but more value added services and features for the casino players.

As we already know that online casinos are not only based offshore but also hire the help of high risk merchant account providers, we can be assured that our accounts and transactions are being taken cared of. In fact, this is mostly what online casinos would tout of when it comes to payment processing: that they can process multiple currencies, process various types of payments (even non-virtual ones), and above all process these payments securely. At the end of it all, what more could a customer ask for? Of course whatever perks the online casinos would like to put in their array of attractions, it's up to them.

We can conclude that despite the online poker ban, online casino disputes, online payment processing regulations, and other issues concerning online gambling, this industry survives. In fact, reports have shown that regardless of setbacks, online gambling is a phenomenon that flourishes and helps countries earn from tax revenues these businesses generate. Whether the US has decided to totally ban online gambling or relax on its restrictions makes not much difference.

And for as long as players play and online casinos provide good entertainment and service, high risk merchant account providers will also make money. Because they are based offshore, online casinos benefit from the low taxation rates and laissez faire regulations in places like Panama, Gibraltar or the Caribbean. As everyone knows in the industry, it is virtually impossible for online casinos to own a domestic (U.S.) merchant account.


source: WWW.HIGHRISKEXPERTS.COM

Wednesday, September 19, 2007

Adult Angels in the High Risk Merchant Industry

Yes, being an angel in the sex industry is definitely not the easiest job in the world. Sure you can relate well to what you sell, and you can also feel a certain degree of satisfaction knowing you can provide what couples need to make sex more exciting. But face the fact that you may also be challenged by chargebacks, complaints, or product returns. No adult business is perfect. With a good high risk merchant account provider to support you, things are easier on your back. To find out what it takes to get your application accepted, check out Insider Tricks to Successful High Risk Merchant Account Application for more information.

Full article:

ADULT ANGELS IN THE HIGH RISK MERCHANT INDUSTRY


Telemarketing Services and High Risk Merchant Account Providers

Telemarketing merchants have always looked on certain aspects of their business to find out whether they are operating smoothly or not. Yes, with the onslaught of outsourced call centers these days, what could be the best thing to do but focus on quality service instead of how to pay for in-house overhead costs? Many telemarketing firms offshore have benefited from the low cost of outsourcing by allocating the extra budget on high risk merchant account services instead. Not only did it work more to their advantage, it also took away most of the headache associated with handling hundreds of thousands of customer accounts.


Article continues:

Telemarketing Services and High Risk Merchant Account Providers



MORE HIGH RISK MERCHANT ACCOUNT EZINEARTICLES BY GERRI BRYCE:

  • Pawn Shop Merchant Account - Why Should You Get One?
    [Home-Based-Business:Network-Marketing] One encouraging thing about building an online pawn shop is that you get more exposure and thus more chances of earning good income. The Internet is fraught with advertising possibilities and cutting edge technology to assist you in your business. For example, whether you are a start up online pawn shop or already have an established store processing high volume of credit card transactions monthly, acquiring a high risk merchant account can be a big help in your business.


  • 7 Best Tools for Providing First-Rate Customer Service
    [Business:Customer-Service] "People used what they called a telephone because they hated being close together and they were scared of being alone." Chuck Palahniuk could be right and wrong! In the world of e-commerce, the telephone could be the single most important tool next to your car keys. An online merchant will not exist and survive in the cutthroat world of online business without key customer service tools.


  • High Volume Merchant Account - Is It Worth Acquiring One
    [Finance] I feel a need to go back to the basics. After years of hearing the phrase high volume merchants, I still encounter some perfectly running businesses who have not acquired their own high volume merchant account. When I tell execs about the possibilities it offers, they say they will consider applying for one. It seems to me that these businesses have reached their equilibrium, and at this point wish nothing but to maintain it.


  • Homemade Remedy for Download Theft
    [Internet-and-Businesses-Online:E-Books] Many online sellers aren't bothered so much by copyright infringement as they are of losing money by theft of their online products. Most popular among these is the e-book. Guess we already know why those who are selling e-books are considered high risk merchants - the sole fact that the e-book they are selling can be easily downloaded for free (without being dubbed "freeware" or "shareware") makes them vulnerable to frauds and chargebacks in the long run.


  • High Risk Merchant Account Tips on IP Detection
    [Finance] Any high risk merchant should be aware, if not become thoroughly an expert, of all the technical aspects of credit card transactions. Let's face it, doing business online is taking risk a hundred times more dangerous than doing business the brick and mortar fashion. Smart merchants would never plunge headlong into online ventures without a good, working knowledge of the loopholes of the billing process via credit cards.


  • High Risk Merchants Black Book Guide on Building E-Commerce Websites
    [Internet-and-Businesses-Online:Web-Development] Building an e-commerce website is a simple task that requires the help of a good programmer. High risk merchants must decide which factors they will need to prioritize and incorporate in the website. Web copy, layout and other visuals, e-commerce elements, marketing elements, and customer service tools are some of the basic elements you need to consider in building a website that sells.


  • OsCommerce for High Risk Merchants - The Good, The Bad, and The Possibilities
    [Finance] Just because osCommerce is the most popular merchant account software doesn't mean it's the best solution for your online business. Agree or disagree? Do you find osCommerce to be overrated? A lot of high risk merchants adopt osCommerce as their primary merchant account solution because of so many advantages.


  • Insider Tricks to Successful High Risk Merchant Account Application
    [Finance] Many merchants complain about the lack of information when it comes to high risk merchant account application. It's not that there's no information at hand; it's more likely because merchant account providers do not give standard customer service or are simply too lazy to share the nuts and bolts that the applicants need.

Tuesday, September 18, 2007

Hoodia and the High Risk Merchant

Is selling hoodia online a type of business that requires the help of a high risk merchant account provider? Will adding hoodia diet supplements in you online pharmacy inventory really increase your profit? Read on to find out more!

Losing weight is such a colossal problem with most people, especially for those who are growing older or have some weight-related diseases. That's why any form of remedy that is introduced in the market becomes appetizing regardless of whether it is authentic or not.

There is a discipline where people can psychologically train themselves to sustain hunger by conditioning their minds that their stomach are full. By taking hoodia, such a sacrifice does not have to be contrived anymore.

Hoodia does work but it is also now classified by the African environmentalists to be an endangered plant specie. Making money off selling it online is not as easy as one thinks, especially now that consumers are wiser thanks to testimonials of fake products online and on TV. However, considering the demand for this herbal diet supplement is so high, online pharmacy merchants find chasing after the profits still worth their investment.

What type of people will buy your hoodia products once you sell them online? Virtually anyone who is willing to lose weight. Of course, those who have eating disorders are advised by their doctors to take precaution in taking diet supplements so their consumption is beyond your control as a high risk merchant, as long as you provide warnings and disclaimers on the label.

More of this article:

Hoodia and the High Risk Merchant


Thursday, September 13, 2007

Building High Risk Merchant Dating Websites Simplified

Applying for a high risk merchant account fall along the lines of ambitious start ups who know they can make more revenue as each month passes. I don't think anyone would be able to go far without the help that high risk merchant account providers give. There are so many advantages but if you are unsure, don't plunge ahead. Make intelligent research and decide according to your business plan. Some online dating merchants who are content on using a payment gateway alone can very well survive, but with some cogs missing in the machinery. Others who believe they can get approved by local banks' merchant services are doomed to be disappointed.


Many high risk merchants are already aware of how to make money with online dating websites. It's not a vague concept that keeps everyone in the dark for long. It may begin from simple desire to help people meet their match or dissatisfaction from existing dating websites. It may also be inspired by the desire to make more revenue online, knowing how profitable the online dating industry is today.

I can make a wicked oversimplification and stack it in three steps:

  1. Build your website with low domain overhead costs and WSIWYG editing software

  2. Pitch in a number of affiliate programs

  3. Promote it with ethical SEO

Experts in building dating websites might want to add or whittle this simplified procedure depending on their experiences. I'd say though nothing is more effective. Many online dating entrepreneurs have already made money without even realizing it by simply applying these concepts.

Matt of Mingle2 for example was able to create his own free spiffy dating website in 66.5 hours -- not bad for a neat website inspired only by his analytic observation of what other dating websites lack or don't prioritize. Another programmer built a website on cheap hosting or do it yourself web design and managed it herself, earning an average of $40,000 monthly. Whether you make money through advertising, affiliate programs, or subscription is up to you. Note however, that high risk merchants usually make profit off member subscriptions.

The only thing left for you to do after the online dating website has been set up is maintenance. You can market your site via search engine optimization techniques. You can also apply for a high risk merchant account in order to outsource the payment processing tasks involved in your online dating business. Although many merchants frown on additional expenses incurred by third party providers, in the end they are grateful for having acquired one. It makes your life easier since not only it is efficient, it also gives your customers security when it comes to credit card processing. Many members balk at subscriptions when they know they cannot rely on you for protection of their credit card details. Far too many cyber crimes like identity theft and credit card hacking abound online.

Applying for a high risk merchant account fall along the lines of ambitious start ups who know they can make more revenue as each month passes. I don't think anyone would be able to go far without the help that high risk merchant account providers give. There are so many advantages but if you are unsure, don't plunge ahead. Make intelligent research and decide according to your business plan. Some online dating merchants who are content on using a payment gateway alone can very well survive, but with some cogs missing in the machinery. Others who believe they can get approved by local banks' merchant services are doomed to be disappointed.

Online dating websites are no doubt a highly profitable Web 2.0 business. It's far less prone to critical attacks like online pornography, and far more helpful to singles who are seeking their partners. Although the market is quite saturated, with a little twist to the concept and excellent marketing techniques, even the start up high risk merchant playing matchmaker is bound to succeed.

Wednesday, September 12, 2007

High Risk Merchants: Tips on How to Deal with Lazy Customers

Having a clunky e-commerce site makes life even more difficult. The general rule for high risk merchants is to step into their customers' shoes and figure out how to make shopping online easier. If you are not willing to go through the challenge of this business, then the door is always open for you to find another vocation to pursue. You either put all your power to make money with the business you have chosen, or let your finances whittle away in mediocrity.


They say America enjoys the reputation for being spoon fed and spoiled, having most of the conveniences in life laid out in front of her. In fact, the U.S. has quite an abominable percentage of obesity in its population that it sometimes make you wonder whether the culture of abundance has done any good at all. But that is not what this article is all about. This article talks about competitiveness in the e-commerce industry, and how high risk merchants can get ahead by understanding this so-called “lazy” culture.

Generally though, people are hardworking. That is to serve their best interests. But generally, you or I would rather sit back than dig a ditch if we have a choice. Shopping for many of us is a burden. Rather than drive a car to the supermarket, we would sit in front of the computer and shop online. Or call up for pizza delivery instead of going to the restaurant itself.

Having a clunky e-commerce site makes life even more difficult. The general rule for high risk merchants is to step into their customers' shoes and figure out how to make shopping online easier. If you are not willing to go through the challenge of this business, then the door is always open for you to find another vocation to pursue. You either put all your power to make money with the business you have chosen, or let your finances whittle away in mediocrity.

People may have seen the best or worst of things when it comes to shopping online. They may have visited a store that looks a lot like your country grocery store or something like the Fashion Show Mall in Vegas. In fact, you can only do so much as guess what kind of customers are coming over to browse your products or services. Can you afford to lose them with your lack of knowledge on what they expect? Here's a short list of how to deal with the “lazy” culture problem. See if any of them are familiar to you!

Problem: Clicking!

Solution: Simplify your shopping cart. The less clicks to get to the checkout, the better.


Problem: Remembering page names and link names!

Solution: Come up with easy to remember and unique names, whether your domain, link, categories, or pages. Heck, there's a copycat in every corner of the world and you don't wanna add yourself up to the list.


Problem: Looking for products only to turn out they are out of stock! Or links that don't work!

Solution: It is common sense not to annoy your customers by not informing them about products that aren't in the inventory. Hire a good programmer to fix the broken links too.


Problem: Waiting for the graphics-laden page to load!

Solution: Think twice about using Flash or lots of pics as not only they make the page slow to load, they also generally cannot be crawled by search engines.


Problem: Reading esoteric or poorly laid-out text!

Solution: If you can't write good text, better let a professional do it. Bad text is a big turn off.


Problem: Having to download a hefty file!

Solution: Maybe unavoidable but do your best not to burden your customers with software or pdf downloads -- unless extremely necessary.


Problem: Expectations, expectations!

Solution: If you can't fulfill your promise such as no hidden fees or free shipping then don't make any.


Problem: Same old flat boring e-commerce website?!

Solution: No updates, no blogs, no newsletter, no design revamps, etc.? There must be a better way to be competitive.


Bottom line is: Spiffy up! You owe yourself and your customers a more exciting shopping experience. (See High Risk Merchants Guide to Creating the Perfect Shopping Experience for another good stuff to add to your entrepreneurial library.)


Source: www.highriskexperts.com

More Gerri Bryce articles:


How to Tackle Your E-Commerce Shipping Issues

E-commerce shipping is obviously a lot more complicated if you're a high risk merchant. One, because it may involve shipping goods overseas. Two, because you may be selling intangible products such as e-books. When this happens, the risk of returns and frauds are even higher.

Many a high risk merchant has suffered due to negligence of shipping issues. It's a little ridiculous, knowing how impossible it is for customers to get their products purchased unless an efficient shipping method is implemented. According to e-commerce reports, shipping issues are one of the top reasons why people do not buy from e-commerce merchants. People would either complain that the rates are too high, that the carrier cannot reach their location especially internationally, or that the company has a reputation for late delivery. Are you guilty of any of these headaches?


If not, you're lucky. Either you've progressed ahead of the crowd or have learned from sour experience. In reality, high risk merchants tend to neglect that only with efficient shipping will they be able to gain the trust of customers and encourage new visitors to buy. Shopping carts would not be abandoned for the sole reason that they (customers) didn't like the pricing or heard from a friend that your delivery date always come a day too late.


If you affiliate with popular shipping companies like UPS or FedEx, your customers' products are likely to be in good hands. However, you can establish your in-house shipping system if you are a small merchant or a start up with a modest product inventory. Otherwise, it is best to outsource shipping to a reliable shipping service provider.


E-commerce shipping is obviously a lot more complicated if you're a high risk merchant. One, because it may involve shipping goods overseas. Two, because you may be selling intangible products such as e-books. When this happens, the risk of returns and frauds are even higher. For example, if you're selling a collection of e-books, you don't need to employ FedEx or UPS' services. Instead you would provide a download link for your customers to access the product as soon as they paid for it. Hence, delivery time is no longer an issue. Delivery overseas require a better judgment when it comes to the shipping method you choose. The chances of errors in delivery and profit loss are higher.


Unscrupulous merchants will simply ignore customer complaints to avoid complications in product return issues. This is the easiest way to destroy your reputation as e-commerce merchant. Chargebacks or product returns should be addressed even though they may hurt your leg. They are part of business and all high risk merchants encounter them.


The best thing to do is to outline your shipping policies and make sure your customers are aware of them. In such a case where dissatisfied customers complain or even try to sue you, you are protected. A good and reasonable shipping policy vindicates you from the burden of paying for chargebacks and other expenses beyond control. This element is usually present in a high risk merchant services list in case you have applied for one. Keep in mind that even though shipping comes last in the buying and selling process, it is one of the most important aspects of doing business. And as a general rule, if shipping is free or low-cost, you're more likely to attract even the most reluctant of online buyers.

Source: Highriskexperts.com

Monday, September 10, 2007

High Risk Merchants Guide to Creating the Perfect Shopping Experience

I am doing more research on high risk merchant account owners' websites these days. The reasons as to why people leave the shopping cart before they make it to the checkout lane are not without solutions. Most of the shopping experience is built around the psychology of buying and selling online.


So many reasons why people leave the online shopping cart halfway while picking goods.
The scenario is similar to shopping on a local supermarket -- with negligible differences. The bottom line is to make it easy for your customers to shop. For example, would you fall in a long checkout line with only a six pack beer, a bag of crackers and small cash in your hand? To make things easy, let them pay at the express lane where cash is accepted and only a few items are processed.

Some people aren't really a big fan of shopping but with one e-commerce website after another being built, it's now just a few clicks away to buying without practically leaving the house. If it's so easy to lure even the laziest shoppers online, why do you still have a low conversion rate? Doesn't it bother you that if only you knew a few more insights your sales could double in no time?

I am doing more research on high risk merchant account owners' websites these days. The reasons as to why people leave the shopping cart before they make it to the checkout lane are not without solutions. Most of the shopping experience is built around the psychology of buying and selling online. People sometimes visit your store only to look at prices, linger for 5 seconds to browse your catalog, then hop to another store to do the same thing. Others are simply lured by advertising. These are situations you can't control. A mom may be browsing an online store for baby product and suddenly hears the baby gurgle and scream. She attends to her and comes back, flips to another web page, forgetting what she's looking for in the first place.

There are, however, shopping cart issues that you can control. Among a few are:

  1. Operating system and browser compatibility

  2. Catalog description/ Product presentation

  3. Payment type acceptance (credit card, MOTO, e-checks, etc.)

  4. Complexity/simplicity of browsing to checkout process

  5. Security



For complete article:

See: High Risk Merchants' Guide to Creating the Perfect Shopping Cart Experience

Thursday, September 6, 2007

Are You the Perfect Travel Agency?

As long as you offer reasonable rates to your clients, you are in a level playing field. Incorporating a credit card processor in your business, however, may require you to ask for higher fees. Same goes if you are using the services of a high risk merchant account provider. The good thing about these third party processors is that they can process your clients' credit cards securely. Moreover, a high risk merchant account provider can be a great help to start-ups who get refused by domestic banks.

As your business grows eventually, your provider will be able to process high volume payments as well.

Many people look at a travel agency's worth by its ability to deal with mistakes in arrangements. This truth may be shocking to some, especially to start-up agencies. But if you look closely, the travel agencies that can handle customer troubles are the ones most likely to survive in this high risk industry. Unbeknownst to many travel merchants, smart clients usually seek for references from third parties which can provide positive or negative feedbacks. Do you measure up?

The mention of a successful travel agency is almost a cliche. Everywhere you look in the Internet, tips on how to become a success in this competitive arena abound, but most are difficult to put into action. Some travel agencies are unscrupulous whose only goal is to make money, not repeat customers. Here is a quick checklist to find out if your travel agency hits the mark:

  • License/Accreditation – Although anyone can call himself a travel agent in the United States, many customers look at your credentials for proof of professionalism. Owning a license makes them feel secure that they are dealing with a genuine travel agency. Travel agencies need not be accredited by the ARC or other airline corporations in order to sell products. In some countries such as the UK though, accreditation gives travel agencies a good reputation and thus earn more trust from clients.

  • Customer Service – Travel agents should work on behalf of their clients. Are your travel agents qualified professionals? Are they accessible in times of emergencies? As a matter of fact, travel agents need not be fully knowledgeable but must have the initiative to ask information from their clients and archive the information for future use. Also, specific client needs should be assigned to travel agents who handle those needs exclusively. For example, clients who look for good vacation deals should consult with an agent that handles vacation packages. She does not have to be an expert in the vacation spot but may know what hotels are best to book or what prices the client can best afford.

  • Equipment – Small travel agencies are equipped with basic office tools while bigger agencies may have more sophisticated hardware and software in-house. In my opinion, travel agents can work best if they have an abundance of networks to help them find good deals for their clients. The true equipment is the stock of knowledge and the ability to hunt down the perfect travel package through human resource.

  • Rates – As long as you offer reasonable rates to your clients, you are in a level playing field. Incorporating a credit card processor in your business, however, may require you to ask for higher fees. Same goes if you are using the services of a high risk merchant account provider. The good thing about these third party processors is that they can process your clients' credit cards securely. Moreover, a high risk merchant account provider can be a great help to start-ups who get refused by domestic banks. As your business grows eventually, your provider will be able to process high volume payments as well.

Travel agencies enjoy tremendous growth in profit these days with the help of the Internet. In fact, most bookings are now done online. Brick and mortar travel agencies argue that they can provide better customer service than online agencies do. In any case, a travel agency can prove its worth by having all these elements I have listed here, and perhaps more.


MORE TRAVEL AGENCY MERCHANT ACCOUNT TIPS:

The Whys and Hows of Travel Merchant Account Application


Wednesday, September 5, 2007

How to Make Money Selling Games Online

The word “gaming” comes in various contexts among players and the business-minded. Within the casino frequenting circles, gaming means poker, roulette, blackjack, slot machines, Las Vegas, and other gambling related preoccupations. Among young (and young-minded) players, gaming means MMORPG, the Wii, Xbox 360 or PSP and various popular gaming titles. To high risk merchants however, gaming and gambling are interchangeable avenues that can potentially bring them money. Gaming and gambling are always linked, but the latter always creates more controversy, especially among the moralistic crowd. Here's a quick insight though: Both gaming and gambling businesses make a lot of profit online and still continue to grow in sales every year.

So if you'd rather get rich selling Wii consoles or Playstation 3 game titles instead of online poker then online gaming sales is perfect for you. Before I come up with instructions on how to begin, first be warned: like other high risk businesses, gaming requires that you do a lot of research on market prices so you don't over or underprice. Also, shipping costs play an important role in your profits. Are you willing to answer potential chargebacks and make refunds to dissatisfied customers? Will you provide excellent customer service? Lastly, if you intend to sell games online, consider it a no-no getting involved with selling pirated items.

Now as you soon as you have cleared the debris and finally want to set up your online gaming business, make sure your infrastructure is complete. What are the things that you need? What are the questions you need to ask yourself?

  1. Should I build my own website or sell my items on eBay or other online marketplaces?

    Tackle the advantages and disadvantages. For example, selling on eBay lets you gain instant visibility in the market without having to resort to search engine optimization, but you may not be able to customize your page as freely as you can if you build your store with a website having e-commerce capabilities.

  2. What should I do if I thought having my own e-commerce website is better?

    Spiff up your catalog with detailed descriptions of the products, add some photos and graphics, pitch in product reviews, or even create a page for blog or forums where you can discuss your experiences with the product. A blog can also help increase the sales as it is search engine friendly and encourages customers to purchase from your site using positive reviews.

  3. How do I accept payment securely?

    Consider getting a reliable credit card processor. Depending on your business' status, you may or may not be able to get a merchant account provider locally since domestic banks have strict rules when it comes to gaming businesses. You may then resort to sending an application to a high risk merchant account provider which has a greater acceptance rate than local banks.

  4. What can I do to increase more sales?

    As soon as you begin accepting payments, you should make an effort to improve your sales by robust online advertising and smart SEO techniques. But above all, make sure you gain your customer loyalty. The only way to do this is to transact sales honestly and on time. Also, do not forget to hand freebies to your customers to encourage them to make repeat purchases.

SOURCE: How to Make Money Selling Games Online at www.highriskexperts.com

Tuesday, September 4, 2007

Jewelry Selling Tips for the High Risk Merchant

Efficient shopping carts in an easy to navigate website will encourage buyers to pick more products. And although many are still wary of online credit card purchases, they would find it a great relief to know that you are using secure credit card processing through your bank's merchant services or from a third party high risk merchant account provider.

Recent e-commerce reports say online jewelry sales increased approximately 30% in the second quarter of 2007 and will still increase 18% by the year end. What does this mean to everyone intending to plunge into the jewelry business? Simple. The industry sees a positive turn towards great profit and continued business growth. For high risk merchants, this is a perfect opportunity to create an exciting money-making venture online. Although established jewelry merchants face competition against gaming and gadget sales and online travel booking, it still shares a hefty percentage of sales transacted online.

DOES A FAT BOY LIKE CAKE?

But like all kinds of money making endeavors, an online jewelry business requires the sweat of your brow and a bit of Internet savvy, especially if you're an upstart. Gone are the days when jewelry stores would be self-equipped with only a brick and mortar store set up. Today, a store would very well increase customer visibility and potential sales if it is matched with a website, an efficient shopping cart, and a credit card processor (through a reliable high risk merchant account provider). People shopping online will find it extremely satisfying if they can browse an online jewelry store smoothly, add their purchases on the shopping cart with a single click, and get their transactions processed securely. Are all these things possible? Does a fat boy like cake?

BUY ONLINE, IN-STORE PICK UP

TARGET THE BRIDAL MARKET

MORE TIPS


Monday, September 3, 2007

Selling Tobacco Online: What's In It for the High Risk Merchant?

It's a matter of ethics on your part. If you are like some vendors who sell with conscience, then this avenue may be perfect for you. As your business grows, it becomes imperative to find a high risk merchant account provider to process your cigarette and tobacco sales. Should I still offer a warning? The online sale of cigarette and tobacco has been around for years and no one has been able to totally ban it. This song sounds too familiar already. Selling tobacco and cigarettes online can make a great deal of profit, but you will face hurdles, considering that it is a high risk venture. The key is to exercise caution, understand and conform with the laws, and stick to your business ethics.

There are so many avenues for the average high risk merchant to explore when it comes to products or services he would sell online. One of these is selling cigarettes and specialty tobacco. Here are a few stuff “the uninitiated” may want to know:

  • Some states and countries forbid selling cigarettes and tobacco online.

  • Some states and countries do not forbid the sale of cigarettes and tobacco but tax the sellers and buyers.

  • Some states and countries do not forbid the sale of cigarettes and tobacco but DO NOT tax the seller and buyers.

  • Some states and countries forbid the sale of cigarettes and tobacco online only to minors.

  • Authorities have cracked down on the sale of cigarettes and tobacco online.

  • Credit card companies and many cigarette and tobacco vendors have helped each other to curtail or ban the sale of cigarettes and tobacco online.

Did I sound too didactic? I was trying to make sure you were all listening! Knowing all these facts, why does the sale of cigarette and tobacco online still flourish? It's ironic, but everyone who can read between the lines can take the obvious hint that it's not the selling online that transgresses the law and irritates the health-conscious, but the distribution and consumption of cigarettes and tobacco themselves. If you were a high risk merchant, why would you even venture into this blatantly “unhealthy” territory?

They wouldn't call it high risk merchant account for nothing! Online sellers are obviously attracted to the huge profit that this business can offer. They may be cigarette smokers and tobacco enthusiasts themselves. Selling it online would make it doubly beneficial. To many people, cigarette and tobacco smoking can bring many benefits to their lives, whether physically or socially. Being able to buy or sell them online not only increases their enjoyment but beefs up their pockets too!

Cigarette and tobacco vendors sell their products online at extremely low prices because they establish their businesses in areas where the “smokes” are not taxed. If you look closely at every tobacco vendor's website...


Get updated! This story continues at http://www.highriskexperts.com

Friday, August 24, 2007

Get Listed or Get Shot: The High Risk Merchant's Guide to Advertising Online

Six decades ago, thousands of people who were found on a rich German businessman's record book were brought out from Auschwitz and into a quasi- World War 2 bullet manufacturing company not to work, but to have their lives saved. Fast forward six decades again, and we are into the the same dog-eat-dog world where online content is king. The question is, as a high risk merchant, have you had yourself listed lately? Sure, it's not a life and death situation like Schindler's time, but if you're a high risk merchant, the least you can do is sit down and wait till customers (errr...Gestapos?) find you. Don't be caught off guard. One of the smartest thing you can do as an online entrepreneur is to get your business listed.


The natural law states that wherever there's an open space, people will always fill it up with something. Think: table tops and your garage. Merchant directories do the same thing, so don't feel a twinge of guilt. There are tremendous benefits at your disposal once you get your business advertised in these networks. You get:


  • Exposure for your business to shopping members in the search engines

  • Advertising advantage with hundreds of graphic options

  • Tracking ability for your sales transactions

  • Outsourced management of your merchant account


The end result is increased sales. Explore the possibilities by checking out what these merchant networks offer.


Most advertising networks offer advertising packages on a monthly, yearly, or permanent basis. High risk merchants, on the other hand, are mostly influenced by the price of these packages, as well as the popularity of the network. Most only join a particular network that has been known for being reputable and has good experience for handling merchants and affiliates. Suit yourself and your business. Not because you have so many options doesn't mean these options are good for you. Some merchant advertising networks would only accept low risk or high risk businesses. See “High Risk Merchants: What Are Your Limitations?” for more details about this topic.



More of this story:

GET LISTED OR GET SHOT: THE HIGH RISK MERCHANT'S GUIDE TO ADVERTISING ONLINE


Thursday, August 16, 2007

Gaming Merchant Accounts: Key Business Terms

As you can see, one big factor in determining whether a business is considered high risk or low risk is whether it is based locally or offshore. Another is the amount of money involved. Any gaming merchant applying for a high risk merchant account is likely to encounter issues with the provider, depending on the status of his business. If a gambling business is proven to have no record of fraud or a huge percentage of chargebacks, then it has a good chance of getting approved. Moreover, if it is a mere startup that eventually sees high volume credit card processing in the future transactions, then it will also find good benefit in hiring the services of a high risk merchant account provider.

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Gaming Versus Gambling

Many people have always asked what gambling is and how it differs from gaming. Does it matter? Heck, yeah. When applying for a high risk merchant account, you would soon find out that if your business involves only gaming you have a better chance of being approved for the account. For example, in one UK merchant account provider, applicants would have to fill up a form for assessment and underwriting to figure out if an application has a high likelihood of getting accepted. But only businesses dealing with gambling need fill out that form. Gaming businesses, on the other hand, are quickly offered discount rates and other information on fees and setup. Unintentional as it may seem, gambling always elicits more suspicion than other high risk businesses.


Well, for obvious reasons -- but let me get a little technical to make it clear.


Think of gambling as gaming that involves criminally high stakes. I don't mean that gamblers can get arrested for going to Harrah's. Unlike gaming, gambling blurs the line between the legal and the illegal. The US lawmakers have been pursuing countrywide regulations on internet (especially poker) gambling but we have yet to see what they come up with. As far as we are concerned, games such as bingo, lottery, and horse betting are considered legal up to this point. The qualifying basis of the legality of a game is where the money is transacted and where the operators are located. Since online gambling businesses are not allowed to operate in the US, most of them are based offshore -- in countries where they can legally operate and have taxation privileges.


Gaming, on the other hand, is a legal form of playing and betting and does not run the risk of being penalized by law. In other words, compared to gambling, it is a business of much lower risk.


P2P Betting Versus Betting Exchange


Sportsbooks



More gaming articles to read:

10 Questions to Ask Your Gaming Merchant Account Provider

Get Lucky! Scoring a Lottery Merchant Account Offshore Part 1

Get Lucky! Scoring a Lottery Merchant Account Offshore Part 2

Online Casino Merchant Accounts for Legit Poker Rooms