It’s practically impossible for online shopping merchants to operate without receiving payments from 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. Many financial processors do business exclusively with low-risk businesses, who they see as a low risk 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.
Integration: For any ecommerce business the shopping cart is the most important piece of the puzzle. So you probably aren’t willing to change the software and you want to ask the provider how will you be able to integrate with their payment gateway. Many providers will have pre-made plugin modules for the popular shopping cart applications, ask them if they have one for yours because this means you can be integrated with a click of a button. Alternatively if there’s no plugin available every provider will give you their gateway integration API guide. You’ll then need a help from a moderately skilled developer in order to integrate your website with the API. Good to know – outsourcing such job normally costs around 200-500 EUR.
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.
Best merchant account for high risk ecommerce fast approval in 2019. This is a hot topic as more countries open up to new products. High-risk merchant accounts are a group of financial services that enable companies 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 named as high-risk looks terrible. But in some cases, it can be your only option. We have been writing about various aspects of the high-risk merchant account market for many years and have probably reached on most, if not all of them, of the most important issues. Here are some more guides on high risk merchant processing. Read extra info at High risk merchant account forex.
CardMax Payments offers flexible accounts, easy set-up, and competitive pricing. Relationships with more than 30 domestic and international banking providers help CardMax provide exceptional service and support. We used all of the high risk credit card processors, to be able to compare and a strong pick is iPayTotal. They cover all business types, have a large experience in the field, fast customer support and low fees.
High-risk merchants have essentially the same needs as everyone else when it comes to selecting a merchant account – it’s just harder to find them if you’re in the high-risk category. High-risk retailers are going to want to have access to reliable, up-to-date credit card terminals, as well as possibly POS systems and mobile payments solutions. eCommerce merchants in the high-risk category will need a solid payment gateway, and possibly a virtual terminal to go with it. Integration with online shopping carts is another important feature.
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