It’s virtually not possible for online shopping merchants to work without having enabled as payment type the credit or debit cards. Before you can accept “plastic,” you have to use a payment service provider who acts as a link between you, banks, and credit card networks. Lots of financial service providers do business exclusively with low-risk businesses, who they consider as a safer investment. That means businesses considered high-risk will have a limited 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.
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.
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.
List of high risk merchant processors in 2019. This is a hot topic as more countries open up to new products. High-risk merchant accounts are a subset of financial services that allow 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 raised fees and stricter contracts. Being considered as high-risk sounds terrible. But in some scenarios, it can be your only option. We have been talking about multiple properties of the high-risk merchant account business for years and have probably touched on most, if not all, of the most decisive issues. Here are some more advices on high risk merchant accounts. See extra details at Free high risk merchant account.
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 did transactions on 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.
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 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.
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