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Infomercials as we know them today originated back in 1982! The first Infomercial was for hair restoration and hair growth treatment. In 1984, the government lifted regulations on the amount of time you could advertise on T.V. and since then, the infomercial industry has been booming. The average cost of an infomercial can range from $25,000 to $250,000. Some of the most popular infomercials have been Snuggies, Shamwow, Bowflex Home Gym and Proactive.
Due to the nature of the industry and claims made of certain products or services sold, infomercials require a high-risk merchant account. The high chargeback and return rates are the main reason for needing of a high-risk processor. They can also be classified as high risk by what they are selling, for example get rich quick schemes or seminars. As with all industries, there are legitimate businesses and ones that are questionable.
High risk credit card processing was tailor made for the infomercial world. Expect to have a 10 percent reserve on your account to offset risk. A reserve is money they put in escrow in case of some dire circumstance, such as if you went out of business.
Limitless has been helping businesses with many different products and services for years. Certain high risk processors will shy away from infomercials, but here at Limitless, we can get you approved and processing in no time!
If you are using infomercials to sell your product or service. Limitless is here to help with all your high-risk credit card processing needs. We are 100% committed to getting our customers approved quickly and easily. So give us a call us at (800) 971-6221 or use the easy apply now form on this page to get started today!