What Is a DUNS Number?

high-risk-solutions-what-is-a-duns-number

What is a DUNS number exactly? The definition of DUNS is a “data universal numbering system” that is managed by Dun and Bradstreet (D&B). It is a unique nine-digit number that is specific for each business. Even though there are over 250 million entries, there are more numbers to go around. The DUNS number format […]

Continue reading

How do I Get my PAYDEX Score?

high-risk-solutions-how-do-i-get-paydex-score-and-paydex-rating-number

If you are thinking about checking your business credit,  you will want to know your PAYDEX score. You may be asking yourself: First, “What is a PAYDEX Score?” and then, “How do I get my PAYDEX Score?” In this article, there is going to be discussion on practical tips to manage financial stress for your […]

Continue reading

What’s my Business Credit Score?

high-risk-solutions-whats-my-business-credit-score

Once you open a business, there is a business credit score created. You may ask, “What’s my business credit score then?” Your business credit score will significantly affect the quality of the business credit lines you can obtain. Businesses that are not aware of their business credit score do harm to their future operations by not […]

Continue reading

How to Get a High Risk Merchant Account

get-a-high-risk-merchant-account-from-high-risk-solutions

Whether you are here because you had a merchant account cancelled unexpectedly, have bad credit, operate a known risky business or just curious, it is a straight forward process to get a high risk merchant account. There are many factors that go into a financial institution’s decision to approve any business for a merchant account. […]

Continue reading

What does Underwriting Mean?

high-risk-solutions-what -does-underwriting-mean

If you are here, you are looking for the answer to: what does underwriting mean? There are many types of underwriting: bank underwriting, insurance underwriting, and securities underwriting. For this article, we are going to focus on bank underwriting, but they all follow the same basic process.

Continue reading

What does Chargeback Mean?

high-risk-solutions-what-does-chargeback-mean

What does chargeback mean exactly in terms of business credit card transactions? It is certain that the best kind of business transactions are the ones that go smoothly, without a hitch. However, sometimes the customer is not happy with the product, service, timing, or delivery. Before a single chargeback can take place, an individual must have […]

Continue reading

What Do I Need to Open a Business Bank Account?

high-risk-solutions-what-is-needed-to-open-a-business-bank-account

Many start-up business owners ask, “What do I need to open a business bank account?” A more important first question might be, “Do I need a business bank account in the first place?” Corporations and sole-proprietorships have different requirements for receiving payments, as well as for reporting them for sales tax, corporate and personal income taxes, etc.

Continue reading

Do I Need a Business License to Sell Online?

high-risk-solutions-do-i-require-a-business-license-to-take-credit-cards-online

If your goal is to sell goods and services on the web, you may be asking “Do I need a business license to sell online?” The answer may surprise you. This is one area that is very confusing for people – especially since there are ‘garage sale type’ online businesses that allow for sales without […]

Continue reading