Category Archives for "FAQ"

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

What is a High-Risk Merchant Account?

high-risk-solutions-what-is-a-high-risk-merchant-account

Have you found yourself asking “what is a high-risk merchant account exactly”? Many businesses find out that they are unable to get approved to accept credit cards after they have tried to get a standard merchant account at one or more traditional, brick-and-mortar banks.  Being denied for a merchant account for an online business can be particularly stressful. Perhaps you […]

Continue reading