"An account can be deemed as high risk simply because of the industry it is in. It's rewarding to know that we can help people live out their dreams of owning and operating a business, regardless of what industry they are doing business in. We have programs in place that protect our financial institutions and allow these merchants to conduct normal business without being limited by unnecessary restrictions and limitations." states Christopher Kille, President of Commersense.
Commersense serves a number of small businesses within the United States, and is capable of serving international clients. The company specializes in providing services that protect the client against account closure. Accounts placed within the past few months have included clients within the following industries: debt collection, travel and timeshare resale, online pharmaceuticals, nutraceuticals, and credit repair. Commersense provides custom priced solutions based on the clients' merchant needs.
I've long advocated that if legislation was passed which targeted not only the con artists themselves, but also the banks and merchant accounts which give them the ability to defraud consumers so easily. If merchant accounts required a large bond be purchased for high risk accounts that would be available and subject to client refunds if fraud was discovered by law enforcement- it would go a long way to helping put an end to these call center boiler rooms.
While it is vital that legitimate businesses have access to the financial tools necessary for growth and operation, I have to wonder if a merchant services company that actively targets high risk businesses is creating a responsible business