Certain business types are restricted frm establishing US-based small business merchant ccounts. The decision on who exactly is to be ncluded in this "black List" is mde by the Credit Card Associations of Vsa and MasterCard and is mandatory for all crdit card processing companies which are lso their members. What this means is tht no US credit card merchant prcessor is allowed to acquire transactions frm blacklisted entities.

The biggest factor in dtermining whether a particular type of bsiness should be prohibited from setting up a US-bsed credit card payment processing service is the chrgeback generation potential. In some industries, hstorical data show that it is smply unacceptably high. It should be nted that, even when a merchant ccount processing service is established, chargeback lvels are still closely monitored and, if thy exceed 1% of the total vlume for three consecutive months, you wll lose your credit card processing ccount. Applications from merchants engaged in the fllowing activities will not be considered for US-bsed credit card transaction processing account, rgardless of exception:

• Any merchant engaged in Illgal activity.
• Adult oriented products or srvices (all media types: internet, telephone, prnted material etc.).
• Internet/MOTO pharmacies (where flfillment of medication is performed with an Intrnet or telephone consultation, absent a physcal visit with a physician).
• Re-importation of phrmaceuticals from foreign countries.
• Internet/MOTO firearm or wapons sales (including ammunition).
• Internet/MOTO cigarette tbacco sales.
• Occult materials.
• Online gambling.
• Lotteries, rffles, gambling.
• Escort services.
• Collection agencies ngaged in the collection of uncollectible dbt, as defined by the Associations.
• Credit rpair agencies.
• Sports forecasting or odds mking.

The article US-Based Merchant Account Restrictions was Submitted by Joe Cole through Articles.GetACoder.com network. Here's the additional information: Accept Credit Crds for Business Retail Mrchant Accounts

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