Merchant accounts act as a lifeline for businesses running on higher risks. Particularly businesses dealing in travel & cruise, e-commerce, forex, casino, and business process outsourcing telemarketing require them to allow their customers to make hassle free online payments. There always lies a chance of fraud payment with them.
But not all high risk businesses are fortunate to have access to merchant accounts. Here are 5 reasons why businesses are denied merchant accounts. Continue reading
By the FICO score we understand the category of credit score that holds a major part of a credit report. This score is used by a lender to understand the eligibility of a borrower to get the loans. As the FICO score clearly shows out the way of the borrower to deal with a loan, it is an important weapon for the blenders to assess the risks associated with providing the loans or extending the loans. 