Retail Credit Card Processing - Mile High Risk

MHR Breaks down the importance and all the different angles it takes to make a successful Merchant Service Account.

A payment processor is a company appointed by a merchant to handle transactions from various channels such as credit cards and debit cards for merchant acquiring banks. They are usually broken down into two types: front-end and back-end.

Front-end processors have connections to various card associations and supply authorization and settlement services to the merchant banks’/merchants. Back-end processors accept settlements from front-end processors and, via The Federal Reserve Bank for example, move the money from the issuing bank to the merchant bank.

In an operation that will usually take a few seconds, the payment processor will both check the details received by forwarding them to the respective card’s issuing bank or card association for verification, and also carry out a series of anti-fraud measures against the transaction.

Additional parameters, including the card’s country of issue and its previous payment history, are also used to gauge the probability of the transaction being approved.

Once the payment processor has received confirmation that the credit card details have been verified, the information will be relayed back via the payment gateway to the merchant, who will then complete the payment transaction. If verification is denied by the card association, the payment processor will relay the information to the merchant, who will then decline the transaction.

In today’s world there are many different ways to process a card like Credit or Debit, E-Commerce, POS (Point of Sale), MOTO (Mail Order Telephone Order), Interchange or just a plain RETAIL MERCHANT ACCOUNT. MHR has partnered with numerous issuing banks for Guaranteed LOWEST RATES, and FASTEST FUNDING’S! Why does MileHighRisk.com use multiple banks? Do you go to a baseball game to cheer on your favorite football team? We didn’t think so, so we don’t make a shoe store do business with a bank that deals with Cannabis. Our competitors use one bank and submit all their business to them treating everyone the same leaving some with higher rates and some with lower rates we call this the “client cattle herd,” and lets be honest no one likes to be treated that way! MHR developed relationships with many different industries and industries providers, again leaving us with the best case scenario for you, a bank that specializes in what you do for a living, own a liquor store, shoe store, clothing boutique, car repair to name a few? MHR has the bank that specializes specifically for you in your industry giving you the BEST RATES, and FASTEST FUNDING TIMES, we will even remember you by name!