Posted by Amelia Whitehart on October 8, 2019 in Finance
High risk payment platform in 2019. This is a hot subject as more countries open up to new products. High-risk merchant accounts are a subset of financial services that allow businesses to receive card payments from clients. 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 labeled 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 many months and have probably touched on most, if not all of them, of the most important problems. Here are some more guides on high risk merchant services.
High risk credit card processor : Using an omni-channel platform that adapts to any payment experience, Inovio strives to simplify the confusing payment process. Their flexible APIs, seamless integration and other services work with multiple payment technologies.
Many financial service providers do business only with with low-risk businesses, who they consider as a safer 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 not possible for eCommerce merchants to work without receiving payments from credit or debit cards. Before you can accept “plastic,” you have to use a payment service provider who acts as a link between you, banks, and credit card networks. Read more details at High risk merchant account marijuana.
If you are an online-only business concerned about chargebacks and fraudulent purchases, Authorize.net provides some interesting solutions. The company offers something called an Advanced Fraud Detection Suite, free of charge to their customers. The service aims to prevent suspicious and fraudulent transactions from going through. For example, you can restrict transaction activity from specific. For example, if your customers are primarily from the United States, one transaction from another country would immediately be flagged and rejected.
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 large experience in the business, fast customer support and low fees.
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. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.