High risk merchant account domestic and offshore in 2019. This is a hot topic as more countries open up to new products. High-risk merchant accounts are a collection of financial services that offers firms to receive card payments from clients. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face reduced choices in processors, plus higher fees and harsh contracts. Being labeled as high-risk sounds terrible. But in some cases, it can be your best option. We have been discussing about multiple points of view of the high-risk merchant account business for years and have probably touched on most, if not all, of the most deciding issues. Here are some more tips on high risk merchant processing.
High risk credit card processor : PaymentCloud serves a range of business types–including high-risk merchants–with a reported 98% approval rate for new merchants. Pricing is based on business history, and the company has no application or account setup fee.
Lots of financial processors do business exclusively with low-risk businesses, who they see as a low risk investment. That means businesses considered high-risk will have a very small selection of potential payment services to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents. It’s practically impossible for online shopping merchants to do their business without accepting credit or debit cards. Before you can take “plastic,” you need a payment service provider who acts as a liaison between you, banks, and credit card networks. Read extra info on Payment gateway for high risk business.
Active under various names since 1997, High Risk Pay is specifically focused on serving high risk merchants. The company offers point-of-sale equipment, ACH processing, and chargeback prevention to all of its merchants. High Risk Pay can process payments for e-commerce, travel, e-cigarette, startup, bad credit, international, high volume, and adult merchants.
We used all of the high risk credit card processors, to be able to compare and a very good choice is iPayTotal. They cover all business types, have a large experience in the field, fast customer support and low fees.
Our goal is to have your account approved as soon as possible with the best rates. Typically within 5-8 days, your account is ready. Integrate your website with a selected payment gateway or use a Virtual Terminal to accept credit card payments. Tailor-made package includes an arrangement of a merchant account (MID) with one of our EU/UK or international acquiring banking partners, with an award-winning payment gateway service, reporting tools, integrated fraud-prevention, and free dedicated lifetime support. We bring transparency and standards to the high-risk payment processing industry, providing businesses with the most competitive deals in high-risk merchant accounts suited to their needs – not just for now, but long-term. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.