Only two short weeks into their contract, her account was flagged and immediately TERMINATED.
With only 5 days to find a new processorA large data center that processes credit card transactions and settles funds to merchants. A processor connects to the merchant on behalf of an acquirer via a gateway or POS system to process payments electronically. Processors edit and format messages and switch to bankcard networks. They provide files for clearing and settlement and other value-added services…., she felt completely hopeless.
Not only would Sara’s business be barred from accepting payment in just 5 days, her funds were now on hold for 90-days.
How could the business possibly stay afloat while she couldn’t accept payment?
It turns out Sara needed a high-risk merchantA business that accepts credit cards for goods or services. account to handle her CBD business.
Only two short weeks into their contract, her account was flagged and immediately TERMINATED.
With only 5 days to find a new processorA large data center that processes credit card transactions and settles funds to merchants. A processor connects to the merchant on behalf of an acquirer via a gateway or POS system to process payments electronically. Processors edit and format messages and switch to bankcard networks. They provide files for clearing and settlement and other value-added services…., she felt completely hopeless.
Not only would Sara’s business be barred from accepting payment in just 5 days…
Her funds were now on hold for 90 days.
How could her business possibly stay afloat while she couldn’t accept payments?
It turns out Sara needed a high-risk merchantA business that accepts credit cards for goods or services. account to handle her CBD business.