How to choose the better free high risk merchant account
It’s virtually impossible for commerce merchants to do their business without accepting credit or debit cards. Before you can take “plastic,” you have to use a payment processor who acts as a link between you, banks, and credit card networks. Lots of financial processors do business only with with low-risk businesses, who they see as a safer investment. That means businesses considered high-risk will have a limited 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.
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.
Active under various names since 1997, High Risk Pay is specifically focused on serving high risk merchants. The company offers point-of-sale equipment, ACH processing, and chargeback prevention to all of its merchants. High Risk Pay can process payments for e-commerce, travel, e-cigarette, startup, bad credit, international, high volume, and adult merchants.
High risk merchant account marijuana in 2019. This is a popular subject as more countries open up to new products. High-risk merchant accounts are a collection of finance services that allow firms to accept 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 choices in processors, plus higher fees and stricter contracts. Being named as high-risk sounds bad. But in some cases, it can be your best option. We have been talking about various properties of the high-risk merchant account industry for a very long time and have most likely reached on most, if not all of them, of the most important issues. Here are some more guides on high risk merchant processing. See more info on High risk merchant account forex.
Host Merchant Services offers both standard processing and special services for high risk merchants. In addition to gift- and loyalty-card programs, the company provides a free website with email service to new merchants upon request. We used 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.
eCommerce support. If your business has an online presence, you’ll need a payment gateway to process your sales transactions. You might also want a virtual terminal to go with it, as this will allow you to input card-not-present transactions from any internet-connected device with a web browser. Card readers that connect to your computer via USB or Bluetooth expand the usefulness of a virtual terminal by allowing you to process card-present transactions as well.
iPayTotal can help you in understanding and create your high-risk merchant account and guide you through the underwriting procedure followed by the bank while onboarding an application. 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.
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
