Category Archives: High Risk Merchant Account

Business services, High Risk Merchant Account

High-Risk Merchant Processing For Online Businesses

May 19, 2018 admin Leave a comment

A high-risk merchant account is kind of bank account for online or offline business to accept payment through credit card. In order to accept the card payment, a businessperson needs to have internet merchant account in any financial institution. However, there are various types of businesses applying for merchant account—this affects the risks associated with it. The risk is high because some companies are at high-risk in their business. That is the reason payment processing is defined as risky for some online businesses.

Hence, few factors are there that define high-risk merchant processing—however, the main reason is merchant’s real and anticipated chargebacks, payment processing unit, and merchandise return. To be very frank, not all merchant service providers accept high-risk clients.

What Is High-Risk Merchant Processing?
One must need to have merchant account before accepting online payment through cards. Online merchant accounts can be divided into two categories—low risk and high risk.

If the business is at low risk, them account provider will easily accept you and offer various services. On the other hand, if the business is at high-risk in terms of unconventional processing and history of other payment services who do not want to give payment access.

High-Risk Business Model Risks
The business is risked with high chargeback fees, high processing fee, and other risks like sales of products and services, the safe transaction of every kind of money etc. these are the common parameters for applying merchant account. Whenever a merchant account provider knows about any fishy activity from merchant’s side, they will put additional protective layer against unexpected activities from merchant’s side.

If there is a high-risk business, the best solution is to maintain a relationship with online payment gateway specialized for risky businesses. Such provider will guide in monitoring suspicious transactions, potential threats, and fight chargebacks on daily basis.

High-Risk Processing Merchant Account for Online Business

April 19, 2018 admin Leave a comment

Many business ventures have denied the ordinary merchant account so that they will not fall in high-risk processing slot. However, the turnover ratio is immense in most of the business like adult sites, online pharmaceutical stores, online casinos, gambling sites, online auction, travel and dating sites etc. these businesses do require electronic transfer of online money, also they maintain transfer of funds for credit and debit card transactions. There is also another category of business that is completely illegitimate as per government and has minimal turnover, inconsistent credit history of the merchant account etc are likely to opt high-risk processing merchant account.

Once the ordinary local merchant account provider denies the service or extreme restrictions are imposed on these businesses, another major option for them is acquiring high-risk processing merchant account that may be possible to obtain through the search of the net, which is willing to take a risk or go for an offshore account for a better solution.

Higher Implementation Charges

Having the high-risk processing requires higher implementation charges means some merchant account providers ask for a high deposit that is not feasible for everyone. Moreover, any credit card processing through the account also demands high charges. Due to the uncertainty of these businesses, the providers of high-risk processing account have no choice but to enforce extra charges for the risk bearing.

Consideration before Choosing High-Risk Processing Account

While choosing the high-risk account, ensure the efficiency of service. Despite the fact that these account’s service is costlier, so try to find the reasonable option. Moreover, make sure that all the records and reports of the transaction by high-risk processing account are accurately maintained. Both the merchant account provider and customer have access to details of all the online transaction through a merchant account.

Business services, Card Processing Services, High Risk Merchant Account

Now Accepting Checks by Phone Is As Easy As Accepting Credit Cards

December 19, 2017 admin Leave a comment

Now accepting checks by phone is as easy as accepting credit cards payments. By this facility, everyone gets ability to accept check through their mobile phones. You are able to accept checks by phone or online and also can deposit them on the same day. This technology also helps you to process checks to U. S. and on the same day, you can receive your deposits safely and securely from any device from all over the world.

There are some benefits of accepting checks via phone and we are providing you top twelve benefits here:

You can resubmit your NSF items automatically on any decided date and can get instant approvals for your payments.
Last minute payments, like convenience fee or overdue payments, can also be done easily by you.
You can increase sales reliably via offering an additional payment option to your customers.
You no more need to restrict yourself to particular industries for such tasks as it is web-based and a friendly gateway for users.
It improves cash flow. Also helps you to get funds within 48 hours of access.
Shipping the products faster with not any conditions of cash on delivery as such.
You can easily do online integrations as well as can set the dates of paying according to you.
Accessing is safe in check by phone by assigning your username.
It allows you to accept and deposited checks online on the same day.
You are able to access checks by phone at anywhere in the world through any computers or device.
There are not any limits on chargeback and admin return policies.
Virtual terminal and batch processing kind of benefits are also can help you to access your online checks accepting.

So you can now enrich your cash flow by accepting check payments via your own cell phone which is an instant way to check your transactions.

High Risk Merchant Account, Merchant Account

Now You’ve Done with Merchant Account, What’s Next?

November 7, 2017 admin Leave a comment

In today’s fast-moving technical yet approachable world, it is essential to have a merchant account. A merchant account is nothing but an agreement between Retailer, Merchant Bank and Payment Provider. After purchasing the Merchant Account, You have to go through the online application submission through the merchant account to be eligible for the merchant account.

Below mentioned are quick yet easy steps to step ahead for your merchant account:

Login to your account
Go to merchant account section
Click the online application form
Fill up the details
Submit it for the review

After the submission of your online application for merchant account, your application will be reviewed by the merchant service provider. Here are five things that you must consider when you are going through the merchant application and approval process:

Know Your Industry & The Merchant Service Provider
Never Lie On Your Merchant Application
Provide As Much Relevant Info As Possible
Only Ask For What You Need
Provide Current Processing Statements

How to Get Approved For the Merchant Account??

To increase your merchant account eligibility, follow these tips:

Ensure a positive credit rating
Be honest about previous merchant accounts, bankruptcies, liens or judgments.
Be willing to pay higher fees or accommodate special account requirements.
Shop around for a credit card processor that best suits your needs.
Only Ask For What You Need
Provide Current Processing Statements

At the time of selecting a merchant service, one important consideration may be the fees. Merchant accounts have the variety of fees attached to them, not all of them are always clearly stated in contracts, including:

Application Fees
Setup Fees
Monthly Fees
Discount Rate
Per-Transaction Fees
Cross-border Fees
Rental fees for a credit card terminal

You can contact your merchant account provider directly if you have any questions regarding your application status.

Business services, Card Processing Services, High Risk Merchant Account

Why Should One Implement HTTPS and Encryption?

November 2, 2017 admin Leave a comment

Hyper Text Transfer Protocol Secure (HTTPS) is the protected version of HTTP, the protocol over which information is transferred between your web browser and the website that you are connected with. The ‘S’ toward the end of HTTPS stands for ‘Secure’. It implies all interchanges between your web browser and the site are encrypted. HTTPS is regularly used to secure highly authenticated online transactions like internet banking and online shopping order forms.

The encryption inside HTTPS is planned to give benefits like confidentiality, authentication, integrity, and identity. Integrity shields the information from being changed without your information.

We frequently catch hackers attacking websites; however, it’s similarly as simple and lucrative to attack your website. One strategy is to convey malware into going by a spoofed site (phishing). Those systems don’t require focusing on a particular victim. They can be launched scattershot from anyplace on the web, paying regardless to the attacker’s geographic or network related to the attacker or victim. Another kind of attack in web browsers, sniffing, expects approximation to the victim, however, is no less potent or troubling.

Sniffing attacks watch the traffic to and from the victim’s web browser. The main catch is that the attacker should have the capacity to see the correspondence channel. The easiest route for an attacker to do this is to sit alongside one of the endpoints, either the web server or the web browser. Decoded wireless networks — consider cafes, libraries, and airports— make it simple to discover the browser’s endpoint because the traffic is visible to any people who can acquire that system’s signal.

Encryption defeats sniffing attacks by disguising the traffic’s meaning from all aside from the people who know the key to decoding it. The traffic stays visible to the sniffer; however, it shows up as streams of arbitrary bytes as opposed to HTML, links, cookies, and passwords. The trick understands where to apply encryption keeping in mind to secure your information. For example, remote systems can be encoded; however, the historical backdrop of wireless security is weighed down with intolerable mistakes. Also, it’s not really the right solution.

Therefore, one should implement Encryption with HTTPS mainly for secure payment processing with card and online transaction.

High Risk Merchant Account, Merchant Account

Myths of Merchant Account Services

August 29, 2017 admin Leave a comment

In the past years, the boom of online marketing has led to many changes in style and rules of our lives. Life has become quite easy for everyone be it a student, a teacher,a doctor,a bank,a businessman or even a housewife. To purchase anything we are just a click away. Similarly , online purchase of products has simplified human life to a great extent. Sellers and buyers no more need a market to start with their communications. Everything is available online. Now if the seller is selling something online they need to accept the payments of the customer through credit cards which is credited on a payment gateway.

Merchant Account Services are the services provided by the sellers to their customers on their credit cards or debit cards. For availing these services, the merchant need to have a merchant account. A merchant account is a type of bank account that allows businesses to make payment through credit cards or debit cards. Merchant account allows the seller to offer their customers a fast, flexible and secure options while making payments. Merchant account holder can be a businessman, an enterprise, a community,restaurants,governments, non profit organisation, a retail store,property management,corporate and small businesses.

When a sale is made on the credit card the customer has as much time they would like to pay off their credit card. To take transactions online,you need what’s called a Payment Gateway. It serves the same purpose as a credit card terminal in a store. Merchant Account Service provide services which are sustainable, socially – responsible and enables businesses to accept credit cards with the companies.

To brief it,Merchant Account Services are handling of electronic payment transactions through credit cards. Merchant processing activities involve obtaining sales information from the merchant, receiving authorisation for the transaction,collecting funds from the bank which issued credit cards and sending payment to the merchant.

Credit Card Processing, High Risk Merchant Account

We Also Offer Card Processing Services Including Features Like

June 24, 2017 admin Leave a comment

Full Featured Payment Gateway Processing
one hundred% Compatible with ALL Shopping Cart/Ecommerce Services
Virtual Terminal: Sale, Authorize, Capture, Void, Refund
Electronic Check Processing (ACH): Sale, Void, Refund
Recurring Billing: Add & Manage Subscriptions
Customer Processing: List, Invoicing, Manage Customers
Tools: Batch Uploads, Transaction Reporting
Website Integration: Direct Post/ API / All Shopping Carts Compatible
Mobile Solutions: Process with Your IPhone/IPad or Android Device
Simplicity: We make it easy and simple to process transactions

Important Note: We generally have a service provider answer for almost every sort of enterprise which includes each low and the highest hazard merchants. There are No Application Fees. It is a hundred% unfastened to use and be approved! This is because the credit card processing enterprise is a low margin, high quantity enterprise whose primary worry is the threat of chargeback’s. Certain categories of groups have a historically high chargeback fee, and due to the fact credit score card processing is one of these low margin enterprise, service provider account companies are forced to color with a large brush, and normally deal with any enterprise in a “excessive danger enterprise” as high-danger, irrespective of the man or woman agencies real chargeback or regulatory hazard. Consequently, in case you’ve already implemented for a service provider account in your enterprise that operates in an excessive-hazard category, it’s quite in all likelihood which you’ve been rejected by using a conventional low hazard credit card processing corporation. Thankfully, but, there are some correct corporations specializing in excessive danger merchant bills.

Domestic and Offshore Options

It works with a number of sponsor banks that offer each domestic and offshore excessive threat service provider accounts. Our companions and sponsor banks can offer your enterprise with high danger merchant offerings for domestic and international companies. If you’re searching out an excessive high risk merchant account, the primary component you’ll notice is that there are considerably fewer alternatives and that those options range from slightly luxurious to very high priced. If you’d want to higher recognize your options touch us thru electronic mail we today for an unfastened consultation to speak about your high-quality alternatives for setting up a merchant account for your high-risk enterprise. We’ll discuss the subsequent:

High Risk Merchant Account

5 Caution to avoid when signing up to High-risk Merchant Account

March 16, 2017 admin Leave a comment

Getting High-risk merchant account seems a process to undergo with hassle documentation. A merchant who needs a High-risk merchant account for the smooth working of business may fall in many empty promises by companies and merchant account provider like, low transaction fees, instant approval, free integration and use of payment gateway services.

5 Points need to watch when signing up High-risk Merchant Account

Minimum Price – price is being the first concern when selecting the merchant account. Almost every merchant wants the best deals and reasonable price. Web sites with popping up advertising low rates, free transaction merchant account diverting minds of many merchants looking for merchant account services. But remember all this are warning sign, you may be misguided by paying low at first, but corrupt providers charge high-volume backend fees. Find a reliable merchant whose track record is good and giant’s approval on many factors such as the product/service, payment acceptance method, chargeback rate, and volume.2. Hidden Fees – Before signing up you deserves to know about all the processing fees to be charged and why you are been charging. Some common fees for a merchant account are transaction fees, chargeback and refund fee, discount rate and monthly statement fee from acquiring a bank. Be cautious of any other extra related fee which seems unwanted and gives you greedy earnings.
3. Extra Rewards – Many merchants provides cash back offers and unwanted deals or signing bonus, but these are only fake promises and later hit you with other fees and charges. Proceeding with reliable merchant account provider having a sound image will drop you in safe hand.

4. Free Services – it is good to offer free aftercare services and some extra perks, but merchants should be cautious that it is a catch.

5. Instant Approvals – it is not possible, instant approval for a high-risk merchant account. Such types of business need complex documentation to get approval for a merchant account from merchant acquiring a bank. Banks want to see a list of KYC documents before they grant an approval.

High Risk Merchant Account, high risk payment processing

How can I Lower My High Risk Processing Cost?

August 25, 2016 admin Leave a comment

Any Business Venture has a little amount of risk associated with it, but there are certain business that considered as high risk such as online gambling, travel agency, Pharmaceuticals, Telemarketing Services, Real Estate, Software Downloads, International Shipping, Fantasy Sports Websites, Online pharmacies, Dating websites, ISP and Hosting Services and High-volume E-commerce Businesses these type of businesses need special account called high risk merchant account.

Now what is high risk credit card processing and how can I lower my cost on such processing?

For accepting card payments your business require high risk payment solutions it require when your business deemed as risky. Some merchants operates this account overseas while some have their own payment processor. Many banks and underwriters avoid these because of perceived risks. This type of account charge higher fees and interest rate is also high compared to standard accounts. To lower the risk of processing cost merchants should carefully notice these points-

Avoid transaction limits – Companies offer your account with transaction limits that are presets, once your business get start and you are doing transaction in high volume they will charge a penalty fees to exceed the limits of transaction. These may take your profit margin down, its suggested always look for an account that gives unlimited transaction volumes. Select the most appropriate that gives you freedom to explore globally.

Read company overview – Select most reliable and trusted processor to partner with your business. Though you are high risk merchant, they are charging high rates. Select the processor that corporate with your terms and conditions. Research every minute detail about that payment processing company you are signing up.

Get the services that you need – Choose the processor that fulfills your business needs and give best services to run your business with fair practices. You should also receive the right terminals and solutions for your business at affordable pricing.

Security is prior – Secure payment gateway and virtual terminal are integral part of any business entity. When processing online your processor comes with high tech security with data encryption system to protect the interest of the customers. Select payment processor that offer various card processing with real time reporting because customers pay with many different cards as they like. Customer’s interest protection should be the prior task of your company.

High Risk Merchant Account

What if you are a High Risk Merchant?

October 24, 2015 admin

High Risk Merchant Account

In the business world, many businesses and organizations are considered risky. So what if your business is risky? Have you already been turned down by credit card processor? Well, yet you didn’t lose anything. There are many high risk merchant account providers, they are being expertly in what you need. Every merchant account provider has a policy regarding high risk. If your requirement is settled in that policy, you may get approval for a merchant account. An approval of merchant account is wholly depends upon policy, if the guidelines are strict, then you won’t get approved. If the guideline is hassle-free, then you’ll have yourself a merchant account.

Fees for this account is higher than other standard merchant accounts. Where you have to pay an anticipated card processing fee of around 1.2-2.5% for a standard account, you might expect to pay around 4.5% as a high risk merchant. The fee is really depends upon the specific circumstances. Very high risk could track about 10% or more on each transaction. If you are struggling to find a processor to work with you or your business. It’s time to speak up with Radiant pay. Sign up today to get your high risk merchant account.

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Category Archives: High Risk Merchant Account

High-Risk Merchant Processing For Online Businesses

High-Risk Processing Merchant Account for Online Business

Now Accepting Checks by Phone Is As Easy As Accepting Credit Cards

Now You’ve Done with Merchant Account, What’s Next?

Why Should One Implement HTTPS and Encryption?

Myths of Merchant Account Services

We Also Offer Card Processing Services Including Features Like

5 Caution to avoid when signing up to High-risk Merchant Account

How can I Lower My High Risk Processing Cost?

Now what is high risk credit card processing and how can I lower my cost on such processing?

What if you are a High Risk Merchant?

High Risk Merchant Account

All Kind of Online Payment Solutions !