Terminating Tech Support Accounts
Chase Merchant Services is great but its not for everyone. If you currently own a business that offers tech support to a large volume of consumers, you may be at risk of losing your chase merchant services account. While Chase had already deemed these accounts “high risk”, they still were willing to offer them service. Rumors have been floating around that Chase is considering terminating all tech support accounts, which would be devastating for thousands of business owners.
A merchant services account allows business owners to collect various forms of payment for their services and products. In order to offer consumers these payment options, the business will need a payment processing option, which often falls into the hands of a merchant service provider. The provider will have the capabilities to process debit, credit, and personal check payments and process them in a very time efficient manner.
High Risk Businesses
There are hundreds of businesses that are deemed “high risk”. For example, adult entertainment, casinos, telemarking, and insurance companies are classified as “high risk”, because they often have a lot of chargebacks. There are many factors linked to chargebacks, including poor customer service, low-quality products, age restrictions, controversial content, and untimely shipping process.
Large retail businesses face many challenges, when it comes to payment processing. There are many risks, when it comes to accepting various forms of payment, especially debit and credit cards. There have been many issues reported with the insecurity of accepting payments via a credit card terminals or computer. Bank-grade encryption is now being embedded into these electronic devices in hopes of reducing identity theft fraud and this is not to even mention chargebacks.
As mentioned above, there are many reasons why a customer will request a full refund for provided services and products. With this being said, the business must always give the customer the benefit of the doubt, but often times, these claims are false and fraudulent. When a customer complains about a specific product or service, the company will do a brief investigation, which often rules in the customer’s favor. At this point, a return of funds is issued to the customer and a loss of revenue for the company.
If you own a tech support company and have a merchant account with Chase, you may be at risk of having it terminated. While these rumors have not been verified, they have been rampantly floating around. To protect your business from financial loss, you should prepare for the potential changes to come.
About Chase Paymenttech
Chase is an international leader in charge card handling. Companies open up a vendor solutions account with us to ensure that they could approve charge card settlements on the internet and also at the factor of sale. Greater than 284,702 vendors with 560,302 places trust us to handle their settlement handling.
Charge card Handling Providers for Merchants
We could assist you approve digital debit as well as bank card repayments swiftly and also economically. With a network of exclusive handling systems as well as systems, you could depend on us to refine all kinds of repayments for your vendor account– Visa, MasterCard, Discover, American Express, present card, debit and also EBT deals– swiftly, dependably and also firmly.
Our credibility as a leading settlement cpu is just. Our extremely effective systems make sure precise, cost-efficient as well as prompt bank card handling. We have a completely repetitive, fault-tolerant system that flaunts practically 100% uptime. We additionally supply complete file encryption of delicate information– to safeguard your company and also your clients’ information.
Chase comprehends that repayment approval requires differ according to your company dimension and also market. We provide settlement handling for any type of kind of company– dining establishments, retail, web as well as even more. We likewise supply ingenious items such as a collection of on the internet reporting choices that could aid you take care of as well as safeguard your company. Our educated professionals will certainly seek advice from you to recognize the optimum path– and also settlement mix– that fits your demands.
We supply bank card handling and also have the capacity to license deals in greater than 120 moneys. We are dedicated to earning recurring industry-wide renovations in vendor companies in order to help make certain that our clients could understand the amount of their seller account as well as boosted returns for their company. We fund merchant-driven profession companies that produce sector developments associated with bank card scams, information safety and also different settlements to profit our consumers.
Get in touch with us today to find out more regarding Chase Merchant Services, our seller solutions, items and also options, or to enroll in a seller account.