MLM Merchant Accounts

Multi-Level Marketing (MLM) or Network Marketing as it is often called has suffered probably more than any other business sector with an image problem and fraudsters.

The problem is that many MLM schemes are simply only profitable for the first people into the program.

As the empire grows there simply aren't enough people to sustain the model and it founders, leaving thousands of unhappy participants.

These participants often end up considerably out of pocket and turn to the bank to address the situation.

If the payment has been made by cash or check, getting your money back out of an MLM scheme is difficult at best. And that's if the founder of the scheme hasn't already left the country.

However, if your payment was by credit card (such as on the Internet), redress is actually pretty easy.

You ring your credit card company who cancel the charge, giving you back your money.

The other side of this is that for each of these "chargebacks", the bank levies a charge of typically $20-30 because of all the trouble on the person who originally received the money.

When an MLM empire goes sour, there are likely to be bucket-loads of these chargebacks, and all the associated hassle and expense.

So now I'm sure you can see why it can be difficult to get a special MLM merchant account.

Sure, I know you're probably as honest as they come, and I know it's unfair that your legitimate business is made all the more difficult by the actions of others before you, but I'm sure you can see the bank's point of view.

It therefore follows that searching for a merchant account to set up a MLM business can be very frustrating indeed, and is the type of merchant account we probably get more queries about than any other.

We therefore decided to make your life easier, your surfing time shorter and cut down on some of the time we spend each day answering email, by publishing details of our top MLM merchant account provider.

They accept all types of different merchants, including MLM businesses, and have so much experience in the field that according to the various contacts there that we have been communicating with for months, they now have a special MLM merchant account offering to allow you to get set up efficiently, and without having to sell your house to pay all the fees ;-)

They won't shut you down just as business is taking off. Nor will you find their server going down and thus preventing you from accepting new orders just because you've had a "big hitter" join you and send hundreds of leads to your site that day (there's nothing more frustrating!).

If you'd like to see the full review together with details of how to apply, and a contact form if you have any questions about the provider, please click here.