Business is off two types high and low risk, different size small, medium and large business entity. Businesses have different types of goods and services to offer or sell. Some goods and services are falls under special category which are known as high risk businesses. Any goods and services in which your business is trading whether it is fitness supplements online dating services, tobacco, money laundering, etc. is known as high risk businesses. These businesses face many issues with merchant payment processing system, because of chargebacks and risks. Companies with processing revenue lower than $1.2 million annually will find certain issues securing a high risk payment processor because most providers are focused exclusively on larger businesses.
Demonstrate Substantial Capitalization
One of the best ways to secure a payment processing provider, even for a high risk merchant, is being well-capitalized. With sizeable capital resources, underwriters and banks are more willing to provide payment processing services. For a business, substantial available capital signals to payment processors that your operations will be funded and any issues regarding fulfillment or payment can be addressed in a timely manner.
High risk businesses without money in the bank are at a particular disadvantage when seeking merchant payment processing services. Even with nearly six figures in monthly revenue, many banks and underwriters will refuse the business of many high risk industries, such as online gaming, credit rehabilitation services, and nutritional supplement providers. Without capital in the bank, underwriters and banks will worry that any issue, like a product recall or data breach, will result in significant financial losses.
Set of Merchant Accounts for Quick and Easy Card Processing in Varied Business Requirement
In the age of new and advance technology plastic money is more popular than paper money. Plastic money refer to (credit, debit and payment cards) payment cards are being used internationally for buying goods and services. These payment cards are been accepted by every businesses or website you visit. Merchants those who do not accept card payment losing huge sales revenue from customers. For accepting these cards you need a merchant account services with payment gateway to serve secure and flexible payment processing. There is numerous options where you find a perfect merchant account provider for your businesses an internet search with “merchant account” or “credit card processor” will show you tons of company who expertise in providing merchant solutions.
Merchants can apply for an account through leading processor like RadiantPay, who help to choose the right payment processor for their credit card processing needs.
There are some merchant accounts which you can choose for your different business requirements.
- Retail Merchant Account – The most common form of merchants account for retail store, still the most popular place to buy goods face to face.
- E-commerce Merchant Accounts – the merchants account provide secure payment gateway services that support the ecommerce shopping carts and virtual payment terminals.
- Mobile Processing Merchant Accounts – this merchant account empowers the merchants to do business from anywhere, anytime. This is an ideal solution for professionals and service providers like plumbers, appliance repairmen, electricians, landscapers, food vendors and delivery services.
Our merchant account expert solve all your quires and question and provide guidance on choosing the best merchant accounts for different business needs. Select your merchant account from Radiant Payment Processing Solutions by applying online form or call us at – +44 2081330322.
Merchant Account Services by Radiant
The payment made by credit card involve the transfer of funds to a merchant account and you (the merchant) directly holds the payment in their bank. If you want to accept the payments through credit cards for your online store, you will need either a merchant account of your own or the services of a third party processor like PayPal.
Some quite different types of options are available while choosing online merchant account. Some of the organization or companies charge reliable fees for merchant account solutions while other charge enormous fees for setting up and processing fee.
Check out all the terms and condition while selecting the merchant account that is right for your business and suits your all unique business needs.
Our radiantpay.com provides an ideal solutions to Integrated a merchant account into your website. It also allow to accept credit card payments directly through your website and deposit payments directly into your personal or business checking account automatically and some time on same business day. We have relaxed transaction fees and monthly account maintenance fees. It’s easy to sign up, and once you are approved it’s easy to integrate your payment gateway page and only takes a few minutes to get started.