Payment gateway for high risk business in 2019. This is a popular subject as more countries open up to new products. High-risk merchant accounts are a subset of financial services that offers firms 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 considered as high-risk looks terrible. But in some cases, it can be your only option. We have been writing about diverse aspects of the high-risk merchant account industry for many months and have most likely reached on most, if not all of them, of the most important problems. Here are some more advices on high risk merchant account processing.
High risk credit card processor : Focusing primarily on high-risk e-commerce businesses, eMerchantBroker claims they approve 99% of all account applications. The company has a positive reputation for transparent customer service and reliable support.
Many financial service providers do business only with with low-risk merchants, who they consider as a low risk investment. That means businesses considered high-risk will have a very small 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 commerce merchants to operate without having enabled as payment type the credit or debit cards. Before you can take “plastic,” you need a payment service provider who acts as a liaison between you, banks, and credit card networks. See more details at High risk payment platform.
Instabill was one of the better high risk merchant account providers we came across in our search. Their customer support agents were very clear and forthcoming with information. One thing to note is that Instabill is not cheap. For example, a Tech Support business would need to pay 4.95% + 0.25 plus the interchange fee for every transaction. That is significantly more than what non-high risk merchants charge, and even slightly higher than other companies on this list. However, this is unavoidable in high-risk industries. The reason we were pleased with Instabill’s offer was due to how easy it was to get pricing information in the first place – something that can’t be said for a lot of their competitors. Instabill does not post any of their prices online, since the cost will be highly dependent on the industry and bank involved in setting up the merchant account. However, you can get a quote by speaking with a sales representative and obtain a quote very quickly.
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 vast experience in the field, fast customer support and low fees.
Our National and International Connections with Acquiring Partners gives us the edge to offer Reliable Credit, Debit and Echeck Processing to almost every industry which is considered high risk. No Matter if you are located in USA, Australia, Latin America, EU or Africa. We have the capabilities of getting the right payment processor for your high-risk merchant account. Today, consumers expect to shop for your products or services online, therefore it is vital to offer a secure, convenient online shopping, otherwise, you’re missing out on significant sales revenue. We understand your need to offer a hassle-free solution. We review your business details and select appropriate banking partners amongst our network of acquiring banks and regulated EU payment institutions. For no additional fee, we work closely with you throughout the application process. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.