High risk merchant account specialists guide

It’s virtually impossible for commerce merchants to do their business without accepting credit or debit cards. Before you can take “plastic,” you have to use a payment service provider who acts as a link between you, banks, and credit card networks. Many financial service providers do business exclusively with low-risk merchants, who they consider as a safer 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.

Integration: For any ecommerce business the shopping cart is the most important piece of the puzzle. So you probably aren’t willing to change the software and you want to ask the provider how will you be able to integrate with their payment gateway. Many providers will have pre-made plugin modules for the popular shopping cart applications, ask them if they have one for yours because this means you can be integrated with a click of a button. Alternatively if there’s no plugin available every provider will give you their gateway integration API guide. You’ll then need a help from a moderately skilled developer in order to integrate your website with the API. Good to know – outsourcing such job normally costs around 200-500 EUR.

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.

Payment gateway for high risk business in 2019. This is a hot topic as more countries open up to new products. High-risk merchant accounts are a collection of finance services that offers companies 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 limited choices in processors, plus raised fees and stricter contracts. Being labeled as high-risk sounds bad. But in some cases, it can be your best option. We have been writing about various points of view of the high-risk merchant account business for years and have most likely touched on most, if not all, of the most deciding problems. Here are some more tips on high risk merchant account processing. Read extra info on Offshore high risk merchant account providers.

Instabill offers PCI compliant solutions–including online payment gateways–and a global reach. They work with all major credit card schemes and their solution supports international currencies, including British pounds, euros, and more. We used all of the high risk credit card processors, to be able to compare and a very good pick is iPayTotal. They cover all business types, have a huge experience in the business, fast customer support and low fees.

You’ll also want the best pricing plans and contract terms you can get. Here’s where a dose of reality comes in. There are several truly outstanding merchant account providers that we’ve awarded 5-star ratings to, and with good reason. They offer low interchange-plus (or subscription) pricing, month-to-month contracts, and excellent customer service and support. Unfortunately, one of the ways they keep their costs down and can offer such great terms to their merchants is by avoiding the high-risk category altogether. In other words, you won’t get approved for an account with them if they decide that you fall into the high-risk category.

iPayTotal can help you in understanding and create your high-risk merchant account and guide you through the underwriting procedure followed by the bank while onboarding an application. Regardless of whether you require a start-up merchant solution, a subscription account, a pharmacy merchant account, a travel merchant account or set up an offshore merchant account, iPayTotal can help you set up with lowest rates and no hassles for your high-risk businesses.

IPAYTOTAL LTD
Company Address: 60 Windsor Avenue London, England SW19 2RR
Company Website: https://ipaytotal.com/.
Support Email: support@ipaytotal.com
UK Tel:+44 800 776 5988
US Tel:+1 845 215 4017
Company # 11357725