Canadian Low/High Risk Merchant Accounts

  • Canadian Low Risk Merchant Account

    A Merchant account is a special type of bank account which allows you to charge your users for online purchases usually using some kind of credit card or online check process. Some banks differ in what they believe is “low risk.” Online purchases are usually deemed higher risk because there is no physical card present during a transaction. Also, if you are selling digital goods the risk could be seen as higher because there are less ways to validate a user’s purchase.

    For Canadians – It is NOT TRUE that you cannot get a High Risk Account if you are in Canada. You can get one and rid yourself of third party fees and risks! Your money will be processed in Canada with a Canadian Bank Account and Merchant Account.

    Simple Reasons to get a Merchant Account:

    * You own your customer account data. If you want to move to another gateway you can request your data as you own it.
    * A third party processing company can charge 2 or 3 times the amount a Merchant Account Costs. For high risk accounts that amount can be 12-15% or more!
    * If a third party processing company goes out of business then you are out of business.
    * A third party processing company can block your account for any reasons at any time and you are out of business.
    * If you are processing a membership site – You can instantly lose all your member data.
    * For Canadians it is best not to have your money cross-the-border. Keeping all your income with a Canadian Bank Merchant Account into a Canadian Bank Account is the most secure and simple way to manage your online business.

    Low Risk Merchant Accounts are classified to be “low risk” by the bank because they usually do not fall under one of these types of businesses:

    See a list of High Risk Merchant Accounts.

    Canadian Based Low Risk Merchant Accounts have the best rates.

    * You should not need to pay any upfront costs to start processing
    * Rates can be as low  as 2-3%
    * To get the best rates you will need to have a good credit
    * You need to have a business – LTD Corp or Sole Proprietorship
    * You will need to have a bank account at a Canadian Bank or Credit Union
    * Some banks will allow you create a merchant account without being a Canadian Citizen or Resident but will require a Canadian Based Bank Account and a Canadian Corporation (LTD).

    If you want to get a Low Risk Merchant Account contact us below:

    Canadian High Risk Merchant Account

    Canadian Based High Risk Merchant Accounts.

    * Setup Cost are about $1000.00
    * Rates can be as low  as 3.99-4.99%
    * To get the best rates you will need to have a good credit score
    * You need to have a business – LTD Company or Sole Proprietorship
    * You will need to have a bank account at a Canadian Bank or Credit Union
    * Some banks will allow you create a merchant account without being a Canadian Citizen or Resident but will require a Canadian Based Bank Account and a Canadian Corporation (LTD).


    If you want to get a High Risk Merchant Account contact us below:

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