It’s virtually impossible for online shopping merchants to work without accepting credit or debit cards. Before you can accept “plastic,” you need a payment processor who acts as a liaison between you, banks, and credit card networks. A lot of financial processors do business exclusively with low-risk businesses, who they consider 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.
Typical payout terms you can expect are either daily or weekly, with 1-7 day delay time for each. In many cases a daily payout with very short delay will be granted only if you are assessed as low-risk, or most usually after you spend processing with the provider for couple of months and have enough volume to support that. Contract Terms and Periods: Don’t be surprised when you’ll see that every provider wants to impose a Rolling Reserve to your account. This is a standard measure to lower the risk exposure of provider in case of excessive chargebacks or refunds. Typical Rolling Reserve is between 3-10% for the period of 90 or 180 days. As with payout terms, keep in mind this can be negotiated, especially after your company spends couple of months processing payments with the provider.
Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for most general business types as well as domestic high risk merchants. The company’s products and services include point-of-sale solutions (with specific packages for the restaurant, salon, professional service, and contractor sectors), online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, gift and loyalty programs, merchant cash advance, and offshore merchant accounts. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to new merchants who require them. The company has received exclusively positive feedback on public forums, with most reviewers singling out the company’s customer service for praise.
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 subset of financial services that allow companies to accept 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 labeled as high-risk looks terrible. 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 many years and have most likely touched on most, if not all of them, of the most important issues. Here are some more guides on high risk credit card processing. See extra info at High risk merchant account forex.
Cayan has a reputation for helping businesses develop more meaningful customer connections through cutting-edge payment solutions. They’re also known for reasonable pricing, and not requiring an early termination fee (ETF). 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 large experience in the field, fast customer support and low fees.
You’ll also want the best pricing plans and contract terms you can get. Here’s where a dose of reality comes in. There are several truly outstanding merchant account providers that we’ve awarded 5-star ratings to, and with good reason. They offer low interchange-plus (or subscription) pricing, month-to-month contracts, and excellent customer service and support. Unfortunately, one of the ways they keep their costs down and can offer such great terms to their merchants is by avoiding the high-risk category altogether. In other words, you won’t get approved for an account with them if they decide that you fall into the high-risk category.
Our National and International Connections with Acquiring Partners gives us the edge to offer Reliable Credit, Debit and Echeck Processing to almost every industry which is considered high risk. No Matter if you are located in USA, Australia, Latin America, EU or Africa. We have the capabilities of getting the right payment processor for your high-risk merchant account. Today, consumers expect to shop for your products or services online, therefore it is vital to offer a secure, convenient online shopping, otherwise, you’re missing out on significant sales revenue. We understand your need to offer a hassle-free solution. We review your business details and select appropriate banking partners amongst our network of acquiring banks and regulated EU payment institutions. For no additional fee, we work closely with you throughout the application process.
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