MLM
April 27, 2021
April 27, 2021
Over 20 million people were involved in Multi Level Marketing in the United States within the past 365 days. The industry continues to grow, and the methods continue to expand. Multi Level Marketing holds a place near the top of the list of high risk businesses that banks and payment processors tend to avoid. As marketing tactics get more extreme, so do the stretches that are pitched in order to make a sale. When a dissatisfied customer discovers their purchase may have been overhyped or did not fulfill their expectations, this is when the influx of chargebacks occur.
Multi Level Marketing companies follow an unlawful set of standards, usually revolving around pyramid schemes. These schemes are illegal and have a direct connection to fraudulent marketing. Over the years this sort of activity has impacted the way legitimate marketing companies are handled by payment processors, and unfortunately the risk outweighs the benefit of your approval to the bank.
We understand the needs and business structure of a successful marketing company. High Risk Payment Pros make it simple for you to run your business without the risk of being shut down.