High risk merchant account business types in 2019. This is a popular topic as more countries open up to new products. High-risk merchant accounts are a subset of finance services that enable businesses to accept 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 considered as high-risk looks terrible. But in some scenarios, it can be your only option. We have been writing about various properties of the high-risk merchant account industry for many years and have probably touched on most, if not all, of the most important problems. Here are some more advices on high risk merchant processing.
High risk credit card processor : With flexible multi-currency accounts, Durango Merchant Services works with both US and international merchants. The company has earned high marks for its outstanding customer service and customized pricing plans.
Many financial processors do business only with with low-risk businesses, who they see as a safer investment. That means businesses considered high-risk will have a very poorr selection of potential processors 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 virtually impossible for commerce merchants to do their business without receiving payments from credit or debit cards. Before you can take “plastic,” you have to use a payment processor who acts as a liaison between you, banks, and credit card networks. See extra details at High risk gateway.
Payline Data is one of the best overall credit card processors on the market for retail businesses because of their competitive pricing that can scale for small and large businesses. They provide resources select high risk businesses as well. Payline has a shorter list of busineses it is willing to work with than most other processors on our list. For Payline, they are willing to work with companies that deal with: Adult Products, Adult Video, E-Cigarettes, Firearms, Gadget Repair, House Rental companies, Information Marketing (Real Estate Based and Tech Support/PC Support, Nutraceuticals, Tour companies, Travel, Used Cell Phones and Other Technology, and Vaporizers.
We did transactions on all of the high risk credit card processors, to be able to compare and a solid choice is iPayTotal. They cover all business types, have a huge experience in the business, 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/.