Hey, Loretta! Yes, you can definitely use Helcim for a small restaurant or counter service setup (they even have a free online ordering module for restaurants.) We hope this helps!
Unless you're processing 3-5 transactions that total around $3,500 daily, your business likely wouldn't qualify as high-volume. Typically, high-volume is defined as processing approximately $100,000 per month. Hope this clears things up!
Hey! Great question. High-risk merchants are businesses that financial institutions and payment processors consider likely to fail, often because the business's industry has a high risk of chargebacks or fraud. To learn more about high-risk industries, check out our blog post. We hope this helps! www.merchantmaverick.com/high-risk-business-company-industry/
@@MerchantMaverick I disagree with your definition of High-risk Merchant. My business was classified as a high risk merchant because I did not have a high volume of transactions, but most of my transactions are of high value (Above $1000). Therefore is a client was to contest a charge on their client, My provider would have to reimburse them prior fighting for payment for the bank. Or something along those lines. You mentioned that Helcim does not approve high risk merchants but I am with them and the signup process was fairly easy. While there are some glitches in their programs, I have been very satisfied with their, and their online option to pay via ACH or to charge back the credit card fees to the client is awesome.
I noticed on their website Helcium doesnt have restaurants/cafes as an industry option. Is it good for small eateries with just counter service?
Hey, Loretta! Yes, you can definitely use Helcim for a small restaurant or counter service setup (they even have a free online ordering module for restaurants.) We hope this helps!
Thank you!
Thanks for watching, Tony! 🙌
What exactly would be considered "high volume"? I'm a small computer repair shop. We process about 3-5 CC transactions per day.
Unless you're processing 3-5 transactions that total around $3,500 daily, your business likely wouldn't qualify as high-volume. Typically, high-volume is defined as processing approximately $100,000 per month. Hope this clears things up!
what is a high risk merchant?
Hey! Great question. High-risk merchants are businesses that financial institutions and payment processors consider likely to fail, often because the business's industry has a high risk of chargebacks or fraud.
To learn more about high-risk industries, check out our blog post. We hope this helps! www.merchantmaverick.com/high-risk-business-company-industry/
@@MerchantMaverick I disagree with your definition of High-risk Merchant. My business was classified as a high risk merchant because I did not have a high volume of transactions, but most of my transactions are of high value (Above $1000). Therefore is a client was to contest a charge on their client, My provider would have to reimburse them prior fighting for payment for the bank. Or something along those lines. You mentioned that Helcim does not approve high risk merchants but I am with them and the signup process was fairly easy. While there are some glitches in their programs, I have been very satisfied with their, and their online option to pay via ACH or to charge back the credit card fees to the client is awesome.