List of high risk merchant processors
High risk merchant account business types 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 enable 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 reduced choices in processors, plus higher fees and harsh contracts. Being labeled as high-risk looks bad. But in some cases, it can be your only option. We have been talking about multiple properties of the high-risk merchant account industry for many months and have probably touched on most, if not all, of the most important issues. Here are some more advices on high risk merchant accounts.
High risk credit card processor : 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.
A lot of financial service providers 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 eCommerce merchants to operate without accepting credit or debit cards. Before you can take “plastic,” you need a payment processor who acts as a liaison between you, banks, and credit card networks. See more info at High risk payment platform.
If you are an online-only business concerned about chargebacks and fraudulent purchases, Authorize.net provides some interesting solutions. The company offers something called an Advanced Fraud Detection Suite, free of charge to their customers. The service aims to prevent suspicious and fraudulent transactions from going through. For example, you can restrict transaction activity from specific. For example, if your customers are primarily from the United States, one transaction from another country would immediately be flagged and rejected.
We did transactions on all of the high risk credit card processors, to be able to compare and a very good pick is iPayTotal. They cover all business types, have a large experience in the field, 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/.