The 10 Best MLM Merchant Accounts
Despite MLM marketing being both a growing and lucrative industry, Multi-level marketing companies are classified as “high risk” by payment processors due to concerns about legal liabilities, potential chargebacks, and unpredictable growth patterns. Regardless of the type of product being sold, MLM credit card processing is considered high risk.
Although the MLM industry model includes well-run and reputable companies like Avon and Pampered Chef, the industry has been riddled with problems over the years. Scams claiming to be MLM companies have turned out to be no more than pyramid schemes that cheated unsuspecting distributors and buyers out of their money and trust.
Despite this, many banks are still open to payment processing for the MLM industry. Do your research and check out these 10 MLM Merchant Account Providers. The greatest likelihood of account approval will come while working closely with your account manager.