Eligibility for U.S. Merchant Accounts
card networks Visa and MasterCard prohibit some types of businesses to establish headquarters in the U.S. merchant account accept credit and debit card payments. The decision on who exactly should be included in the list of this "black" is mandatory for all acquiring banks, which are also Visa and MasterCard members, and providers of merchant services. What this means is that no U.S. merchant processing bank is authorized to acquire the operations of organizations from the blacklist.
The most important factor in determining whether a particular type of business should be prohibited the creation of a U.S. based merchant account services is its potential for generation of charge. In some industries, Historical data show that levels of charge are simply unacceptable. It should be noted that even when a merchant account service is established, the levels of charge is still closely monitored and, if more than 1% of the total volume for three consecutive months, traders will lose their merchant account. Service providers merchant also receives a high penalty charge levels in their stores, providing an additional incentive for close monitoring of these levels.
Implementation of the seller's account merchants engaged The following activities will not be considered for the U.S. based merchant account, no exceptions:
- Every businessman involved in illegal activities.
- Adult oriented products or services (all types of media: Internet, telephone, printed material, etc).
- Online and MO / pharmacies (in compliance with medication is done with an Internet consultation or telephone, without a physical visit to a doctor).
- Re-importation of pharmaceuticals from foreign countries.
- Online and MO / A firearm or the sale of weapons (including ammunition).
- Online and MO / A sale of snuff for cigarettes.
- Materials hidden.
- Online Game.
- Lotteries, raffles, games of chance.
- Escort Services.
- The collection agencies engaged in the collection of the bad debt, as defined by the associations.
- Credit repair agency.
- Forecast Sports or the odds-making.
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