A high risk merchant account is provided to those merchants who come under the category of high risk industries in the eyes of banks. A merchant account is a payment processing account for business through which every transaction occurs.
High risk merchant account is provided to businesses that are considered as the high risk industries because of the chargebacks and refunds that happened in their business from last some time.
High risk merchants have to pay more transaction fees as compared to normal merchants.
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In simple words, an internet merchant account is a bank account for accepting online payments.
With the help of these accounts, merchants can deposit and refund online payments.
The process of applying for a merchant account is similar to applying for a commercial loan.
The user can also check the transaction done by him through his own login account.
This feature is provided to the investors in this mutual fund software for IFA using which they can check their asset positions online at any given time and can process multilevel transactions.
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