Currency Exchange

Currency exchange businesses follow certain merchant account instructions while processing online credit card transactions. Credit card issuers and banks consider certain merchant industries as high-risk industries; such merchant industries may include some currency exchange providers.

How we assist high-risk merchants

Crucial business development services may be availed by merchants from time to time. Merchants may be prevented by the currency exchange industry from receiving such services due to their risk potential. Credit card processing and loan processing are included in these services. We understand that these services are important for merchants that bear high risks. That's one reason why we've specialized in serving these clients with necessary assistance.

High rates of chargeback are often experienced by currency exchange providers as big sums are transferred alongside international conversions. Numerous merchant service providers bearing higher risks are terminated due to a high rate of chargeback. The services offered by us involve a High Risk Merchant Reserve, which is created out of cash that’s retained from funds post clearing.

Alongside various unforeseen losses, instances of chargeback will always be covered by funds drawn out of this reserve. We offer a Merchant Cash Advance service that allows currency exchange providers to achieve certain payments by selling a certain portion of their credit card sales volume. These funds are considered by PayeHub.com as an initial payment for forthcoming credit card receivables instead of considering them for loaning purposes. Utilizing these funds isn’t restricted by PayeHub.com since any advance made towards a business is considered to be an investment.

Title
Title
Title
Title
Title
Title

2215 Nott Street, Suite 212 Niskayuna, NY, 12309-4336 | 518-768-0000 | support@payehub.com