Category Archives: High Risk Merchant Account

High Risk Merchant Account, high risk payment processing, Online Payments

Know about high business payment solution

March 14, 2019 admin Leave a comment

Depending on your industry, your business model may be less attractive to banks and market service providers and may be classified as high risk. Being labelled high risk can make it more difficult to obtain loans and search for a merchant service provider to do business.

The good news is that you can still get services through a high business payment solution provider.

Here are some signs that you benefit from high-risk market services.

You are a high risk company

When it comes to payment processing, you may have difficulty getting approval from a high business payment solution because you are operating in a high-risk industry or you are exposing yourself to one of many reasons a vendor would qualify. Your business venture high, such as fraud, bad credit, or a chargeback story. Take benefit of high risk business merchant account at http://radiantpay.com/highrisk.html. At Radiant Pay one can get the high business payment solution for their business.

Below you will find some of the many sectors / companies where the number of charge backs is higher and that many market services consider being high risk.

Airlines;
Automobile brokers;
Cannabis dispensaries;
Debt recovery;
Fantastic sports venues;
International import / export;
Modeling;
Immovable

In simple terms, if your business model is considered high risk, it is difficult to find a financial institution willing to do business with you. As a result, you need high-level market services to ensure the success of your results.

You get a lot of refills

Subscribing to a high-risk merchant service provider has several advantages, the most important of which is charge backs.

Most of the time, the merchant is charged a fee for each chargeback, which covers the administrative costs of the service. However, a high-risk payment processor will have significantly higher fees for each instance. In addition, if the trader already has a high-risk activity and receives excessive delinquencies, the costs increase even more.

That said, a high-risk merchant account is in fact very rarely terminated because of excessive chargeback’s. Although the trader can pay higher fees, the longevity and competitiveness of the company itself are not in danger

High Risk Merchant Account, high risk payment processing, Online Payment processing, Online Payments

Guide to Choosing the High Risk Merchant Account Providers Wisely

March 14, 2019 admin Leave a comment

The High Risk Merchant Account is a handful of services, equipment and software that automate processes of accepting credit card information and transferring funds to the merchant. The job of getting sellers to sign up for Visa, MasterCard and other credit and debit processes is the merchant account business.

How can you process credit card transactions?

First, if you are involved in a high-risk business, it means that you are exposed to a higher degree of managed risk. Therefore, you need specialized attention to set up your payment processing account. The supplier of high risk merchant account is exactly what you need. They will help you run your business while taking into account the greatest risk in your industry.

With a High Risk Merchant Account, you can accept payments by credit card. You have a number of options when it comes to payment processing companies.

However, you can use the following tips to help you choose the high risk merchant account provider:

Find the Radiant Pay high risk merchant account provider for your type of business. There are several operations considered high risk, including health and weight loss, pharmaceuticals, telemarketing merchants, tobacco shops and auto brokers. When looking for the company, save time looking for a company that specializes in your type of business.

Know the charges. You should keep in mind that when you create a merchant account, it will cost you some money. Obviously you have to pay for the services provided. Some suppliers of high risk commercial accounts charge less than others, but most likely you have to pay up to five percent for each credit card transaction. Therefore, it is advisable to analyze the fees associated with the creation and use of the merchant account.

The payment service provider http://radiantpay.com/highrisk.html offer as many types of payment as possible. A merchant account is not just about accepting credit cards. The best provider must be open to process the payments of their clients that are made through other methods.

The provider must offer high risk payment processing tools that will help secure your income. Choose a company that helps you handle fraud and charge backs, while taking care of customer payment information so you can generate customer profiles.

High Risk Merchant Account

Why Risky Business Should Use High-Risk Merchant Account?

November 29, 2018 admin Leave a comment

Have you ever thought about starting your own online business, whether it is risk or standards, you need merchant account to accept credit and debit card payments. However if you own a risky business like dealing in pharmaceutical products, tobacco, spa and message salons services like adult entertainment, online casino and gaming, dating business are falls under high-risk category. For this type of business, you need high-risk merchant account. A merchant account act as a payment gateway that allows your customer to pay via cards for the purchase of goods and services.

Nowadays customer prefer to pay online via cards, as this type of payment is safe, secure, and easy to transfer fund. However, the merchant account provider offer high-end fraud protection system, so the merchants give seamless shopping experience to the customers. If you never used merchant account before, it is high time to get online merchant account for your business to boost up the profits and maximize the sales.

There are amply of reasons why your businesses that are functioning online should open an account. It will make the counter payment process easy for your customers and allow them to acquiesce their personal payment and shipping information in a private manner.

Now here in this blog we will discuss about why your risky business need High-risk Merchant Account.

Superior Fraud Protection. The merchant account provider are very aware of the risk of character theft when shopping online. This is the reason they make sure you get high-end fraud protection system that is safe and secure and this provider are up-to-date in the industry with latest technology and software available. This software is utilized to keep payment information secure during the checkout process. Your customers won’t have to worry about their business information is uncontrolled around the web for everybody to see.

If you do not have a high risk merchant account you can guarantee that your business will not receive the number of sales that it could have. Accepting card payment is vital for online businesses so that your customer can enjoy seamless shopping experience. Also, while paying electronically your customer are allow to process the orders faster and quicker with safe online transaction. Now that you know some of the great benefits of having your own merchant account, it’s time to make the dream of owning your own Internet business come true.

High Risk Merchant Account

Which Business Categories listed as High-Risk Business Services?

September 25, 2018 admin Leave a comment

The high-risk business category is hard to approved businesses for a standard merchant account. The first thing to consider about high-risk business is that the processor you are choosing will determine whether you fall under their high-risk categories when you apply for merchant account services. Every processor will set a unique set of guidelines to determining whether your business dimmed in the high-risk category. Merchants who own pornography websites, online gaming business, and casinos always fall under high-risk business, while others may or may not be depending on your processor.

Many merchant account service providers have a strict guideline for determining the status of your business, but there are many others who have relaxed criteria. Merchant provider treats high-risk businesses in a different way according to their guidelines. High-risk merchant account provider charges high fees due to the high-risk factor they are accepting by giving you a merchant account.

Business Category Fall Under High-Risk

High-chargebacks and Fraud Rates – if your business shows high chargebacks and fraud rates you probably fall under the high-risk business category.

Offshore businesses flagged as high-risk if you sell your product and services to US Customer while operating business from another country.

The important factor associated with the high-risk business is the product and services you are selling. The online businesses come under high-risk are adult entertainment sites, drugs, and pharma websites, online dating sites, lotteries sites etc.

If your business accepting high volume sales through credit cards, you should be considered as high-risk.

Considering that qualifying payment by credit card is vital to the success of your business, you have no choice but to give in to the demands of merchant service providers. However, as always, choose a reputable merchant service provider wisely and make sure you are not being thrown in fraud.

High-Risk Merchant Accounts www.radiantpay.com get detailed information about high-risk merchant accounts, high-risk offshore merchant accounts and more.

Business services, High Risk Merchant Account, Merchant Account

How Can We Get Merchant Account For High-Risk Business?

June 27, 2018 admin Leave a comment

Every business owner wants to have a merchant account for the globalization of business. To do this, various merchant account providers are there in the market that put their all effort to meet the ends. The account provider companies provide all the information at one place regarding, high-risk business, merchant account, payment processing, managing those account, and debit and credit card processing. Now the question arises how to apply or get a merchant account. The basic question that every trader asks—at least in theory, people want to read about it. Here is a solution—apply with the merchant account provider. They will complete all the procedure for application; deliver it to the underwriting department for application review, once the application is approved, you will give authority to receive online payment.

The above process sounds very easy but finding a high-risk merchant account provider for the business is quite a difficult task. Most banks and processors deny offering merchant accounts—so you need to find high-risk merchant account provider.

How to Find Merchant Account Provider

If you are an owner of the retail shop, almost every bank and merchant account processor will give you access of merchant account but if your business falls under high-risk category—no one will show up. Therefore, banks will provide merchant account to the retail business as per the regulatory. You need to ask a simple question to the bank—do you provide merchant accounts for high-risk businesses. Moreover, note down their answer because often salesperson do false promise but when you fulfill all the application, their underwriting department will reject it.

Hence, there is various high-risk merchant account providers are there in the market—you need to search for them or ask from banks.

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 Merchant Account

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.

Radiant Pay Official Blog

Category Archives: High Risk Merchant Account

Know about high business payment solution

Guide to Choosing the High Risk Merchant Account Providers Wisely

Why Risky Business Should Use High-Risk Merchant Account?

Which Business Categories listed as High-Risk Business Services?

How Can We Get Merchant Account For High-Risk Business?

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?

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