It’s virtually impossible for online shopping merchants to do their business without receiving payments from credit or debit cards. Before you can accept “plastic,” you have to use a payment processor who acts as a link between you, banks, and credit card networks. A lot of financial service providers do business exclusively with low-risk merchants, who they see as a safer investment. That means businesses considered high-risk will have a limited 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.
Payline Data is one of the best overall credit card processors on the market for retail businesses because of their competitive pricing that can scale for small and large businesses. They provide resources select high risk businesses as well. Payline has a shorter list of busineses it is willing to work with than most other processors on our list. For Payline, they are willing to work with companies that deal with: Adult Products, Adult Video, E-Cigarettes, Firearms, Gadget Repair, House Rental companies, Information Marketing (Real Estate Based and Tech Support/PC Support, Nutraceuticals, Tour companies, Travel, Used Cell Phones and Other Technology, and Vaporizers.
High risk merchant account pharmacy in 2019. This is a popular topic as more countries open up to new products. High-risk merchant accounts are a subset of finance services that enable 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 choices in processors, plus higher fees and strong binding contracts. Being named as high-risk looks bad. But in some cases, it can be your best option. We have been talking about diverse properties of the high-risk merchant account business for a very long time and have probably reached on most, if not all, of the most decisive problems. Here are some more tips on high risk credit card processing. See more info on 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 did transactions on all of the high risk credit card processors, to be able to compare and a solid choice is iPayTotal. They cover all business types, have a vast experience in the field, fast customer support and low fees.
Other providers will approve you, but you won’t get nearly as good a deal as a non-high-risk merchant would receive. Instead, you’ll pay higher processing rates and account fees, and you’ll usually be stuck with a long-term contract and an early termination fee. In some cases, you might also be required to put up a rolling reserve to get approved. Merchant account providers that are willing to sign up high-risk merchants fall into two categories. On the one hand, there are the companies that directly market to high-risk merchants.
Our banks have been selected to assist our customers to get the most secure high-risk merchant account solutions for their business sectors. We have chosen the banks with the highest integrity and methods, adding confidence to your payment processing solution, to get you the best transaction fees for high-risk sectors. We offer the kind of value and personalized service your business needs to get off the ground and grow. Our support team will work with you to identify the best merchant services and payment products to fit your needs. And, whether you have a question about your merchant account, need help with chargebacks, or have a question about your statement, our representatives are ready to help 24/7.Our team will prepare a solution tailored to your business. ?We combine the right technology with service and support to ensure you never miss out on an opportunity.
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