It’s practically not possible for commerce merchants to operate 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 liaison between you, banks, and credit card networks. Many 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 very poorr 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.
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. This includes CBD and Kratom businesses. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history.
High risk travel merchant account in 2019. This is a hot subject as more countries open up to new services. High-risk merchant accounts are a group of financial services that offers businesses 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 reduced options in processors, plus higher fees and harsh contracts. Being named as high-risk sounds terrible. But in some scenarios, 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 touched on most, if not all, of the most decisive issues. Here are some more guides on high risk merchant services. See extra info on High risk merchant account forex.
Instabill offers PCI compliant solutions–including online payment gateways–and a global reach. They work with all major credit card schemes and their solution supports international currencies, including British pounds, euros, and more. We worked with all of the high risk credit card processors, to be able to compare and a very good choice is iPayTotal. They cover all business types, have a vast 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.
We work with a highly experienced and well-educated team, with more than a decade of experience in the industry. Our main aim is to secure our clients from fraud services and provide them with the solutions which other normal banks refuse to provide. We are dedicated to value our customers more than they demand. We offer these solutions in integrated packages that will perfectly adjust to your company card payment requirements. We process for both low-risk and high-risk merchant accounts.
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
