It’s practically not possible for commerce merchants to work without receiving payments from credit or debit cards. Before you can accept “plastic,” you need a payment processor who acts as a liaison between you, banks, and credit card networks. Many financial service providers do business only with with low-risk businesses, who they consider as a safer 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.
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.
High risk merchant account asia in 2019. This is a hot subject as more countries open up to new products. High-risk merchant accounts are a collection of finance services that allow 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 options in processors, plus raised fees and strong binding contracts. Being considered as high-risk looks terrible. But in some cases, it can be your best option. We have been writing about diverse properties of the high-risk merchant account business for years and have probably reached on most, if not all of them, of the most decisive problems. Here are some more tips on high risk merchant processing. Read extra info at High risk merchant account specialists.
The experts at PayKings can help merchants set up a low- to high-risk merchant account that delivers affordable merchant services, online credit card payment processing, and seamless integration with the merchant’s existing platform. We worked with 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.
Costs associated with maintaining a merchant account include both processing rates and account fees. Processing rates are assessed on a per-transaction basis, while account fees are billed monthly or annually. Ordinarily, we recommend an interchange-plus pricing plan for processing rates over a usually more expensive tiered pricing plan. As a high-risk merchant, however, you will have a harder time getting approved for interchange-plus pricing. It’s still worth asking for during the negotiation process, though. Likewise, you can also expect to pay higher fees than a non-high-risk merchant would.
Our banks have been selected to assist our customers to get the most secure high-risk merchant account solutions for their business sectors. We have chosen the banks with the highest integrity and methods, adding confidence to your payment processing solution, to get you the best transaction fees for high-risk sectors. We offer the kind of value and personalized service your business needs to get off the ground and grow. Our support team will work with you to identify the best merchant services and payment products to fit your needs. And, whether you have a question about your merchant account, need help with chargebacks, or have a question about your statement, our representatives are ready to help 24/7.Our team will prepare a solution tailored to your business. ?We combine the right technology with service and support to ensure you never miss out on an opportunity.
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