Low Risk Merchant Account
These types of accounts tend to be available for companies with a good credit history and a relatively low charge back rate. There will always be some exceptions to this of course. Business types typically include small eCommerce stores to restaurants and businesses with physical locations.
Medium or Mid Risk Merchant Account
These accounts may be right for merchants with a slightly higher charge back rate or whose credit may not be in the best possible standing. Some types of business are considered to be Mid Risk regardless of their credit or charge back rate due to the business type. You can still find great rates for these types of merchant accounts.
High Risk Merchant Account
Some merchant payment processing providers consider a business High Risk according to the nature of the business. We do not follow this type of thinking. Great rates and services are still available to most high risk merchants while providing the security required for the industry type.
"Everyone who wants to be an entrepreneur should take a look at a network marketing business. Some of the biggest Fortune 500 companies, such as Citibank, Avon, Levis, and Smith Barney, distribute their products through a network marketing or direct sales system."
Robert Kiyosaki, Rich Dad’s Before You Quit Your Job: Ten Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business
So How Does Network Marketing Work?
Network Marketing Basics
Network marketing is a system of selling, in which you sign up other people to assist you, and they, in turn, recruit others to help them. Some entrepreneurs have built successful companies on this concept because the main focus of their activities is their product and product sales.
Check out and Payment
If you are a Multi-Level based Company, Direct Sales Organization or are thinking of starting a Network based Company, you will need to process credit card payments, debit and e-checks online. For this you will need a merchant account. The types of products and services you offer will determine which type of merchant account you open.
For those who have been exploring ideas and avenues to build an alternate source of income and are ready to invest their time and energy into building a new business, Multi Level Marketing is the right solution. With consistent focus and efforts, people have become millionaires doing business through MLM networks across the world.