Artnsyn
Artnsyn: Credit Card Processing for Pipes and High-Risk Businesses
Reliable Payment Solutions for High-Risk Ventures
Starting a high-risk business, such as one dealing with pipes and related products, involves several crucial steps to ensure legal compliance and smooth operations. At Artnsyn, we specialize in providing robust and reliable credit card processing solutions tailored to the unique needs of high-risk businesses.
Getting Started: Legal Foundations
Before setting up credit card processing, it’s essential to establish a strong legal foundation for your business:
- Business License: Obtain a business license to legally separate personal assets from business assets.
- State Tax Identification Number: Secure this number to comply with local tax regulations.
- Employee Identification Number (EIN): An EIN is necessary for federal tax filings and is essential for hiring employees.
Naming Your Business
When creating a business name, choose wisely. Avoid names that explicitly reference high-risk products (e.g., “Bongs Pipes And More LLC”) to prevent potential account declines or future account shutdowns. Opt for a more neutral business name and save specific trade names for marketing purposes.
Business Plan
Draft a simple yet comprehensive business plan to outline your goals, strategies, and operations. A well-thought-out plan will help clarify your business direction and prepare you for the challenges ahead.
Navigating Payment Processing Challenges
High-risk businesses often face difficulties with mainstream payment processors like PayPal and Square. If these companies shut down your account or if you regularly handle high transaction amounts that raise red flags, consider setting up a dedicated high-risk merchant account.
Why Choose a High-Risk Merchant Account?
- Reliable Operations: Prevent unexpected freezes and shutdowns that can disrupt your business.
- Trade Show Transactions: Efficiently handle higher transaction amounts at trade shows without triggering fraud alerts.
- Website Performance: Maintain a stable and secure payment setup for your online store.
Cost Considerations
Maintaining a high-risk merchant account involves certain costs:
- Annual Fees: Approximately $500 per year to keep the account open.
- Visa and Mastercard High-Risk Registration: Each costs around $500 annually.
Artnsyn: Your High-Risk Processing Partner
Artnsyn offers tailored credit card processing solutions designed to meet the needs of high-risk businesses. Our services ensure you can operate smoothly without the constant worry of account freezes or shutdowns.
Contact Us
Ready to set up a reliable and secure payment processing solution for your high-risk business? Contact Artnsyn today to learn more about our services and how we can help you grow your business confidently and securely.
