High risk merchant account card not present in 2019. This is a hot topic as more countries open up to new services. High-risk merchant accounts are a collection of finance services that allow 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 reduced options in processors, plus higher fees and harsh contracts. Being considered as high-risk looks bad. But in some cases, it can be your only option. We have been talking about multiple points of view of the high-risk merchant account market for years and have probably touched on most, if not all, of the most decisive issues. Here are some more guides on high risk merchant account.
High risk credit card processor : Global Merchant Advisors delivers customized processing solutions that allow merchants to focus on growth rather than payments. GMA advisors are available to guide merchants every step of the process.
A lot of financial processors do business only with with low-risk businesses, who they consider as a low risk 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. It’s practically impossible for eCommerce merchants to operate without having enabled as payment type the credit or debit cards. Before you can accept “plastic,” you have to use a payment service provider who acts as a liaison between you, banks, and credit card networks. See more info on High risk cannabidiol & hemp oil merchant accounts.
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. This includes CBD and Kratom businesses. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history.
We did transactions on 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 business, fast customer support and low fees.
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. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.