Payment gateway for high risk business in 2019. This is a popular topic as more countries open up to new products. High-risk merchant accounts are a group of finance services that allow firms to accept card payments from customers. 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 options in processors, plus raised fees and stricter contracts. Being named as high-risk looks bad. But in some cases, it can be your only option. We have been writing about diverse 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 accounts.
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 service providers do business only with with low-risk businesses, who they consider as a low risk investment. That means businesses considered high-risk will have a limited 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 virtually not possible for commerce merchants to operate without receiving payments from credit or debit cards. Before you can accept “plastic,” you need a payment service provider who acts as a link between you, banks, and credit card networks. See extra details at High risk gateway.
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 did transactions on all of the high risk credit card processors, to be able to compare and a strong pick is iPayTotal. They cover all business types, have a large experience in the business, fast customer support and low fees.
We specialize in providing offshore merchant account and third party merchant account payment solutions to international businesses.Large, safe, financial institutions in Asia, Europe or the Americas will hold your bank account and process your credit card transactions. Credit card transactions are authorized within seconds and automated receipts are sent to the merchants and customers simultaneously. We are a team of like-minded people who do business, generate ideas and realize them. At iPayTotal, we combine our technical skills with our simple, straightforward approach. 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 for your high risk merchant account. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.