It’s virtually impossible for eCommerce merchants to do their business without receiving payments from credit or debit cards. Before you can accept “plastic,” you need a payment service provider who acts as a link between you, banks, and credit card networks. A lot of financial service providers do business exclusively with low-risk businesses, who they consider as a low risk 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.
Customer Support: Things happen. You never know when a small problem or bigger crisis will occur. Payments and uninterrupted cashflow to your business bank account are vital, so you want to make sure that you’ll have someone to help you out at any time. Remember that you’re running a business, and any downtime with your equipment or systems can mean less money for you and your business. Whether you’re able to call in or receive some type of help via chat, you should make sure that fast customer service will be available for you. The ideal situation would be to make sure that you have a dedicated account manager’s contact who is available for you at any given time.
Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for most general business types as well as domestic high risk merchants. The company’s products and services include point-of-sale solutions (with specific packages for the restaurant, salon, professional service, and contractor sectors), online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, gift and loyalty programs, merchant cash advance, and offshore merchant accounts. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to new merchants who require them. The company has received exclusively positive feedback on public forums, with most reviewers singling out the company’s customer service for praise.
High risk payment platform in 2019. This is a hot subject as more countries open up to new services. High-risk merchant accounts are a collection 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 limited options in processors, plus higher fees and strong binding contracts. Being named as high-risk looks bad. But in some cases, it can be your only option. We have been discussing about diverse aspects of the high-risk merchant account business for many months and have probably reached on most, if not all, of the most decisive problems. Here are some more tips on high risk merchant account processor. Read more details at High risk merchant account specialists.
PaymentCloud serves a range of business types–including high-risk merchants–with a reported 98% approval rate for new merchants. Pricing is based on business history, and the company has no application or account setup fee. 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 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.
We specialize in providing offshore merchant account and third party merchant account payment solutions to international businesses.Large, safe, financial institutions in Asia, Europe or the Americas will hold your bank account and process your credit card transactions. Credit card transactions are authorized within seconds and automated receipts are sent to the merchants and customers simultaneously. We are a team of like-minded people who do business, generate ideas and realize them. At iPayTotal, we combine our technical skills with our simple, straightforward approach. Regardless of whether you require a start-up merchant solution, a subscription account, a pharmacy merchant account, a travel merchant account or set up an offshore merchant account, iPayTotal can help you set up with lowest rates and no hassles for your high risk businesses for your high risk merchant account.
Company Address: 60 Windsor Avenue London, England SW19 2RR
Company Website: https://ipaytotal.com/.
Support Email: firstname.lastname@example.org
UK Tel:+44 800 776 5988
US Tel:+1 845 215 4017
Company # 11357725