DennisonCarman911
From GunGame5 Documentation
Ach processing is just a type of business account between a merchant and a bank or financial institution which facilitates the ach payment processing transactions of the merchant. This contract ensures that the bank accepts payments for the products on behalf of the merchant.
Particularly for a merchant offshore merchant serviceswho is|who is|who's} conducting an online offshore business, it is crucial to really have a bank which will process his ach transactions.|which will|that'll} process his ach transactions. All businesses do have a certain component of risk factor involved with it. As the saying goes, no pain no gain.
Banks or financial institutions do classify the kinds of ach merchant accounts in line with the risk profile the account poses. You will find mainly two forms of merchant accounts. First is the normal account, where the merchant can directly access the card and ensure that this is a legitimate customer, thereby the risk involved is minimal. If the concerned party conducts a business which will be not just a high-risk one, it is rather simple to set up a merchant account.
The second type are called the high-risk accounts which involve the accounts where it is not possible to visually testify the customer. It really is strongly suggested for a business to consult well a company which specializes in placing these hard to place business accounts. These kind of accounts include adult entertainment merchants, online tobacco merchants, replica merchants, on the web gambling merchants, pre-paid calling merchants, VOIP merchants, multi-level marketing merchants, online auctions and debt services, ISP and hosting services, online dating services or simply just any transaction that takes place with the customer physically not present. Thereby, the possibility of fraud activity is much greater with this particular kind of business which results in classifying these types of accounts as "high risk" ones. Naturally, these high-risk ach merchant accounts present the chance of the dreaded charge backs for the banks under consideration. It is often proved by various researches these high risk merchant accounts are more susceptible to fraudulent transactions.
