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High risk A game-changer multilevel marketing, foreign
exchange, dating services, adult
processing: There are thousands of online products, gambling, and psychic
merchants operating all over the
services make excellent accounts.
world with the ability to sell to
Just keep in mind the fact that the
Best bets for nearly anyone with a computer or high risk processing business has
smart phone. With good reason,
become more sophisticated means
this has made many banks more
there are more opportunities, but
success cautious about the types of accounts also new pitfalls.
they will accept. ISOs and MLSs
proceed
when
international
By Gene Lieb should navigating with caution
Business Financial Resources processors – many don't recognize What merchants are
U.S. laws – and when dealing with
he lure of high risk pro- varied rates and conditions between high risk?
cessing and its potential regions. This is especially true Here are examples of
for windfall profits is noth- for anyone choosing to work with verticals that can be
T ing new. Since it became gambling, replica, nutraceutical, considered to be high risk:
a legitimate and bankable income cigarette and tobacco clients, for
source some 15 years ago, more and example. • Adult products
more consulting firms and proces- • Cigarettes and tobacco
sors out there are claiming they can Unfortunately, it has become
help you get rich by placing accounts common practice to disguise these • Dating services
your regular processor won't touch. types of businesses for the purpose
of securing accounts. Earning off of • E-commerce
But whether you're looking to prohibited items such as sea salts,
diversify your portfolio with some controlled pharmacy items, firearms • Foreign exchange
less traditional accounts or to target and other objectionable goods has
them exclusively, you've got to know created a darker, greedier side of • Gambling
how to separate smart risks from just high risk processing. The allure of a • Multilevel marketing
plain risky business. large payday can be tempting, and
less reputable organizations will
Plenty of potential promise creative solutions to get • Nutraceuticals
around the laws governing these • Psychic services
There are still plenty of high risk types of merchants.
accounts that offer excellent income • Travel
potential, but the rules are constantly Multiple risks
changing. To stay current, profitable
and within the confines of the law, Such items are illegal and potentially
ISOs, merchant level salespeople dangerous – that's obvious. In
(MLSs) and processors must addition, working with these types After gaining experience in the freight distribu-
become educated regarding what of businesses can also damage your tion and real estate marketplaces, Gene Lieb
the governing laws are and how to reputation. You risk having your found his niche in the early days of merchant
manage risk appropriately. It helps accounts turned off and becoming services. He subsequently spent many years
to network with experts who can blacklisted by processors at the very developing his international experience and
provide sound advice on what types least. And it just gets worse from connections and has built a strong network
of merchants to look for and which there. that enables Business Financial Resources to
ones to avoid.
It is possible to make good, honest support many types of merchants and agents.
In the beginning, high risk involved money from high risk processing. BFR is a merchant service consultancy locat-
just a few processors willing to take Begin networking with experts ed in New Jersey and working on behalf of
on furniture and flooring sales with in the field who can connect you agents and merchants, including those con-
maybe a few escort services thrown to providers that are skilled at sidered high risk or nontraditional, to help
in. That's how it all started. Today, managing the risks associated with them accept credit cards and other forms
future delivery status still factors into cancellations and chargebacks. of payment, secure loans and save money.
the equation, especially with Internet They can suggest emerging safe-bet For more information, visit www.bfresources.
sales, but market globalization has categories, as well. com. To reach Gene by phone, U.S. companies
made the business of serving high Opportunities versus pitfalls should call 800-313-2265; international com-
risk merchants more complex. panies may call +44 2036087504. His email is
With proper sales and delivery gene@bf1992.com.
monitoring, verticals such as travel,
34
High risk A game-changer multilevel marketing, foreign
exchange, dating services, adult
processing: There are thousands of online products, gambling, and psychic
merchants operating all over the
services make excellent accounts.
world with the ability to sell to
Just keep in mind the fact that the
Best bets for nearly anyone with a computer or high risk processing business has
smart phone. With good reason,
become more sophisticated means
this has made many banks more
there are more opportunities, but
success cautious about the types of accounts also new pitfalls.
they will accept. ISOs and MLSs
proceed
when
international
By Gene Lieb should navigating with caution
Business Financial Resources processors – many don't recognize What merchants are
U.S. laws – and when dealing with
he lure of high risk pro- varied rates and conditions between high risk?
cessing and its potential regions. This is especially true Here are examples of
for windfall profits is noth- for anyone choosing to work with verticals that can be
T ing new. Since it became gambling, replica, nutraceutical, considered to be high risk:
a legitimate and bankable income cigarette and tobacco clients, for
source some 15 years ago, more and example. • Adult products
more consulting firms and proces- • Cigarettes and tobacco
sors out there are claiming they can Unfortunately, it has become
help you get rich by placing accounts common practice to disguise these • Dating services
your regular processor won't touch. types of businesses for the purpose
of securing accounts. Earning off of • E-commerce
But whether you're looking to prohibited items such as sea salts,
diversify your portfolio with some controlled pharmacy items, firearms • Foreign exchange
less traditional accounts or to target and other objectionable goods has
them exclusively, you've got to know created a darker, greedier side of • Gambling
how to separate smart risks from just high risk processing. The allure of a • Multilevel marketing
plain risky business. large payday can be tempting, and
less reputable organizations will
Plenty of potential promise creative solutions to get • Nutraceuticals
around the laws governing these • Psychic services
There are still plenty of high risk types of merchants.
accounts that offer excellent income • Travel
potential, but the rules are constantly Multiple risks
changing. To stay current, profitable
and within the confines of the law, Such items are illegal and potentially
ISOs, merchant level salespeople dangerous – that's obvious. In
(MLSs) and processors must addition, working with these types After gaining experience in the freight distribu-
become educated regarding what of businesses can also damage your tion and real estate marketplaces, Gene Lieb
the governing laws are and how to reputation. You risk having your found his niche in the early days of merchant
manage risk appropriately. It helps accounts turned off and becoming services. He subsequently spent many years
to network with experts who can blacklisted by processors at the very developing his international experience and
provide sound advice on what types least. And it just gets worse from connections and has built a strong network
of merchants to look for and which there. that enables Business Financial Resources to
ones to avoid.
It is possible to make good, honest support many types of merchants and agents.
In the beginning, high risk involved money from high risk processing. BFR is a merchant service consultancy locat-
just a few processors willing to take Begin networking with experts ed in New Jersey and working on behalf of
on furniture and flooring sales with in the field who can connect you agents and merchants, including those con-
maybe a few escort services thrown to providers that are skilled at sidered high risk or nontraditional, to help
in. That's how it all started. Today, managing the risks associated with them accept credit cards and other forms
future delivery status still factors into cancellations and chargebacks. of payment, secure loans and save money.
the equation, especially with Internet They can suggest emerging safe-bet For more information, visit www.bfresources.
sales, but market globalization has categories, as well. com. To reach Gene by phone, U.S. companies
made the business of serving high Opportunities versus pitfalls should call 800-313-2265; international com-
risk merchants more complex. panies may call +44 2036087504. His email is
With proper sales and delivery gene@bf1992.com.
monitoring, verticals such as travel,
34
