It’s practically not possible for online shopping merchants to operate without having enabled as payment type the credit or debit cards. Before you can take “plastic,” you have to use a payment processor who acts as a liaison between you, banks, and credit card networks. Many financial processors do business exclusively with low-risk merchants, 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.
Instabill was one of the better high risk merchant account providers we came across in our search. Their customer support agents were very clear and forthcoming with information. One thing to note is that Instabill is not cheap. For example, a Tech Support business would need to pay 4.95% + 0.25 plus the interchange fee for every transaction. That is significantly more than what non-high risk merchants charge, and even slightly higher than other companies on this list. However, this is unavoidable in high-risk industries. The reason we were pleased with Instabill’s offer was due to how easy it was to get pricing information in the first place – something that can’t be said for a lot of their competitors. Instabill does not post any of their prices online, since the cost will be highly dependent on the industry and bank involved in setting up the merchant account. However, you can get a quote by speaking with a sales representative and obtain a quote very quickly.
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 financial services that offers firms 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 reduced options in processors, plus raised fees and harsh contracts. Being considered as high-risk looks bad. But in some cases, it can be your only option. We have been writing about diverse aspects of the high-risk merchant account market for many months and have almost sure touched on most, if not all, of the most deciding problems. Here are some more advices on high risk merchant account services. See extra details at High risk merchant account cbd.
The experts at PayKings can help merchants set up a low- to high-risk merchant account that delivers affordable merchant services, online credit card payment processing, and seamless integration with the merchant’s existing platform. 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 huge experience in the business, fast customer support and low fees.
On the other hand, there are a handful of companies that we call “high-risk specialists.” These are ethical, honest companies that have a lot of experience working with high-risk merchants and will do their best to get you a decent deal on a merchant account. Below, we’ve profiled six merchant account providers that deliver the best service to high-risk merchants. While there are a handful of other high-risk specialists out there, these are the ones that we feel offer the highest quality service available.
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.
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