VOIP & Telecommunications Merchant Accounts

Voice over internet protocol (VOIP) and telecommunications are a major international sector. Despite the industry’s growth it is still classified by banks as high risk due to chargeback rates that exceed the norm. These high chargeback rates will make banks reconsider opening a merchant account with your business just due to the nature of the industry itself, without consideration for your track record and history.

Frequently. banks will even require revenue-strapped startups and small businesses to make a sizable deposit in a kind of collateral against chargebacks and disputes. This makes the prospects pretty bleak for small VOIP and telecommunication companies regarding merchant accounts.