High Risk Holdings

The personal guarantee on a merchant account acts like a legal promise that if the merchant fails to gain profit, they will be responsible to cover up any of the losses faced by the merchant account. The losses usually appear due to a customer chargeback when the customer fails to make the required payment. The  High Risk Merchant Service Providers  ensure to keep a close check with the merchant accounts to avoid the risk of customer chargeback. If your business fails to get the chargeback, the one who guarantees will be held responsible for the action. Although no collateral is required, there is a requirement of merchant approval for better ideas. What is a personal guarantee on the business loan? When you sign up for a  High Risk Merchant Account  or business loan, a personal guarantee is added as insurance to the creditor. This guarantee ensures that if the company fails to pay the financial obligations, the merchant will be held responsible for c...