It’s practically impossible for eCommerce merchants to operate without receiving payments from credit or debit cards. Before you can take “plastic,” you have to use a payment service provider who acts as a liaison between you, banks, and credit card networks. Lots of financial service providers do business exclusively with low-risk merchants, 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.
Some providers will not allow/support to integrate with the method where you can use own payment page and the clients stay on your website. They may allow only the use of their hosted payment page, meaning your clients are redirected from your website to their secure payment form and then back to your »Thank You« page. If you don’t prefer that, we strongly advise that you ask your provider if Direct API integration is supported, before you invest your time and money into the application process. Choosing the best merchant account provider: Like anything else, you’ll need to do a lot of research before you choose your new merchant account home. You don’t want to choose the first provider and not the cheapest either. Doing your due dilligence and asking all above questions will save you from trouble afterwards and make sure the solution will fit with your business.
Founded in September 2018, Card Z3N is a Las Vegas-based merchant account provider that serves both standard-risk and high risk merchant sectors. The company offers a wide range of retail and e-commerce solutions for most business types, including adult, auto parts, collections, credit repair, diet programs, e-cigarettes, electronics, extended warranties, fantasy sports, financial services, firearms, online furniture sales, multi-level marketing, nutraceuticals, online gaming, precious metals, self storage, and travel.
High risk merchant account asia in 2019. This is a hot subject as more countries open up to new services. High-risk merchant accounts are a group of finance services that enable companies to receive 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 higher fees and stricter contracts. Being labeled as high-risk looks terrible. But in some cases, it can be your best option. We have been discussing about multiple properties of the high-risk merchant account market for years and have most likely reached on most, if not all, of the most important issues. Here are some more advices on best high risk merchant account. See more info at High risk merchant account fees.
Global Merchant Advisors delivers customized processing solutions that allow merchants to focus on growth rather than payments. GMA advisors are available to guide merchants every step of the process. We worked with all of the high risk credit card processors, to be able to compare and a solid pick is iPayTotal. They cover all business types, have a huge experience in the field, fast customer support and low fees.
How does being a high-risk merchant affect getting a merchant account? Quite frankly, it makes it a lot harder and more expensive. Despite the intense competition within the merchant account services industry, getting approved for a merchant account is never a sure thing. Providers have to balance the risk presented by a merchant applying for an account against the potential profit to be made from the account if it is approved. In most cases, they err on the conservative side of things, meaning high-risk merchants simply aren’t approved for an account.
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