Currency exchange merchant accounts allow currency exchange businesses to process online credit card transactions. Currency exchange providers are among many merchant industries labeled as high-risk by banks and credit providers. A high-risk status, specifically in the currency exchange industry, can prevent merchants from receiving vital business-development services. These services may include loans, credit card processing equipment, and more. At http://www.c3paysol.com, we understand the importance of these services and specialize in providing them to high-risk merchants.
Due to the international conversions and large sums being transferred, currency exchange providers are often faced with high chargeback rates. A high chargeback rate is often grounds for termination from many high-risk merchant service providers.http://www.c3paysol.com services include the High Risk Merchant Reserve, cash held back from your available post-clearing funds. With this reserve, funds will always remain available to cover chargebacks and other unexpected losses.
Currency exchange providers may sell a specific amount of their site’s credit card sales to receive payment now through our Merchant Cash Advance service. Rather than loaning these funds, http://www.c3paysol.com considers them early payment of future credit card receivables. Because an advance is your investment in your own business, http://www.c3paysol.com does not place restrictions on the use of these funds.
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