Tag Archives: online credit card processing solutions

Do you want to do online business?

But what if you find your eCommerce business on the High-Risk side?

What is high-risk and in who’s eyes?

The online business market is on a real boost. Every small and large business are running here and there to start an online business. In the process when they find their business is a high–risk, considered in the online arena. That sends a real jolt in the nerve.

But what is the difference if it is high risk or low?

It makes a lot of difference, as high-risk business payment acceptance by offshore banks, and payment gateways treat them with more strict chargebacks and more fee per transaction.

We have to classify our online business as high-risk or low-risk in terms of banking and merchant services. By knowing that you can pinpoint your type of need, and search for a merchant account that can serve your type of business appropriately.

What are the types of High-risk online businesses and their distinctions to be so?

The factors responsible to label your online business as High-risk not only depend on what you sell online. It also includes the fraud potential, the chargeback possibility, huge amount transection, and history of account losses.

If you are Online with running Tobacco, casino, the adult industry and goods, traveling agency, online gaming, gambling, alcohol and liquor, Glassware, Guns and firearms, Narcotic drugs, debt collection, and many more are listed as the high-Risk businesses by many banks and oversea Merchant accounts.

Radiant Pay can provide solutions

As Radiant Pay can access your request to open a merchant account for your High-risk online business, we are tackling successful transaction bailout for some controversial money transections, in the overseas banks.

Radiant pay is a leading payment service provider for online payment based in London. Which is a good experienced for catering to the High-risk enterprises with low-cost payment solutions, which are otherwise always targeted by many banks with high chargeback and transection fee, for being High-risk type.

We can handle, or our experts are capable of handling any tricky situation and can guide your fund a smooth pass to your merchant account, which is possible due to our strong foot and goodwill network in many overseas Banks and Banks in European Union countries.

Radiant pay is the war-horse to rally upon, for your beneficial ride, no matter you do a high-risk online business.

Online Banking Payment, Online Credit Card Payment Solutions, Online Payment processing, Online Payments

If Your Online Transaction Fails or Decline, Don’t worry, Radiant Pay is in control

November 3, 2020 admin Leave a comment

Can you get the money back if the online transaction fails somehow, and your amount is deducted?

Where can you go to claim that?

At many big showrooms, and megastores we used to see, something is written alongside some glass decor or any brittle object, “nice to see, good to hold, and if broken, considered Sold” because no business can bear loss. As simple as that.

But have you ever thought of the uneasy and restless condition of a customer, who feels helpless in no man’s land, after discovering that the amount from his or her debit or credit card is deducted during the transaction, without getting anything?

Or in other cases, the payment transaction gets declined when one needs that service or product drastically.

The above mentioned two situations are worst to be in, for any client after looking to get that product.

So what are the solutions?

In recent times, RBI in India came up with some customer-friendly advisory for all Banks operating in India. In the case of a failed transaction, the Banks will have to give fine to the clients. These guidelines are of course very customer-friendly.

Because one can understand the dilemma of the customer, as to what to do? Where to approach and what should be the process that they should go through, all these incidents are annoying to be an inn, as when and how to get the money back into their account after that.

RBI issued the guideline in a T+5 format, or the fund is deposited in the account back in 5 days otherwise Rs 100 should be the fine on the related Bank every day in the case of ATM failed transaction, and if UPI it is T+1, that is only one day, the fine should be given to the client at Rs 100 daily while online payment of PayPal, Google Pay, or any other. That sounds like something reliving.

What Is Radiant Pay’s role for smooth Transaction Online?

Radiant Pay is a leading Payment solutions provider in many countries like the UK, and many European countries, where the major transactions in many online businesses are taking place at every moment today. Radiant Pay is a London based online payment agency which is helping to give seamless and flawless payment solution to some of the leading offshore ecommerce companies.

Radiant pay is a trustworthy establishment and a step ahead of all its competitors, it is a fourth runner in acquiring the latest digital software or payment gateways to outperform many other solution providers.

Radiant Pay is involved in boosting your Ecommerce business day and night, rendering many exclusive and sharply shaped payment packages to multiply your type of business online.

We are more active at any juncture when the need arises, to clear a transaction if some issue related to its volatile and high-risk nature arrives. Our team of troubleshooters and qualified experts finds an instant solution and makes the payment possible into your merchant account, to reduce the chances of declined transactions, and loss in the precious business opportunity.

We, at Radiant Pay, are expertly facilitating our clients with high-value payment acceptance with our networks and known understanding at many offshore issuer Banks and establishments, to get the transaction cleared at any cost for a business deal.

Radiant Pay is a solution provider in your online business, as the online users are using many methods to pay you via Credit Cards, Debit cards, Online direct debit, payment via PayPal, Google Pay, or any type of online payment which you can think of.

The process ACH & Check Processing, High-Risk Processing, and providing the Merchant Accounts in many offshore banks are done with great ease and mastery at our, only the Radian Pay.

So if you and your ecommerce business are finding any sort of issue related to the online payment within your beloved business, come to Radiant Pay, and get everything fixed at one stop. Your Online business should be sitting on a goldmine, rather than wandering in unwanted hustles related to the online payment process.

Card Processing Services, Credit Card Processing

Crucial Criteria to Categorize Credit Card Service Processor

July 25, 2018 admin

There are over 200 million online customers in Europe alone, so the number of people using credit cards for the transaction is really high and as they are comfortable with the usage of the card the proportion is continuously increasing. As a result, merchant often appoints a processor to handle transactions of credit cards for merchant acquiring the bank.

As business depends on credit card processor to handle all the detail related to credit card it becomes very difficult to categorize processor but, some of the criteria which help to define the quality of credit card processing are:-

Speed of transaction – As customers love to pay from their cards and even a short delay can create a big problem so, it is always suggested to the provider in order to make the customer happy they should always increase the speed of transaction.

Security of transaction – Speed is one of the important criteria but not the only criteria along with speed customer wants the security of the transaction and provider should try their best to make a customer feel secure about the transactions.

Strong uptime record – Credit card outage makes a business untrustworthy and inconvenient. However, credit card processing outages are rare, but all complicated interdependent system is vulnerable to downtime.

Transparent rate structure – Though rate and fees vary with the category applicable to business but processor must make sure they have quoted and charged appropriately without tricking the customers as it is unethical.

Customer support – In today’s era of online payment customers are king of the market and in order to stay for longer period in the market, the processor must try to win the heart of customer by providing best after service to the customer because happy customer makes a business happy.

Business services, Credit Card Processing, Merchant Account

Merchant Account Solutions and Credit Card Processing

May 15, 2018 admin

Payment processing is necessary for the success of any online business. There may be a perfect business but if a customer is not able to purchase product or service quickly that means business is not running properly. Unfortunately, many businesses try to put resources and time to put the business run is finding a correct merchant account solutions and credit card processing system. This offers the simple payment option because most of the online businesses accept payment with credit card or debit card.

These are wireless system of accepting money and it is necessary payment processing system. Hence, get the perfect merchant account solutions according to the target market and implement them with credit card processing company.

What Is Credit Card Processing Merchant Account?
The merchant account solutions and credit card processing is an agreement between the credit card processor and seller for establishing the rule of accepting credit card payments on every purchase. Now, it has become a major portion of every online business including, pizza hut, clothing industry, gaming, and so on. If carries the ongoing electronic dealing of money in fast and easy way. With the help of this method, online business are growing and getting the absolute transactions and payment is few seconds.

For this, many merchant account solution companies offers credit card processing. If your business is establish and there is less risk of chargebacks and you can shop with lowest rates.

Working process of merchant accounts
Traditionally, in an online store, owner is allowed to accept the credit card payment must grant through the merchant account by major bank. When the credit card details is entered the merchant account verifies the customer information like—checking the details entered and correct address, card number, whether the card is stolen or have enough funds etc.

For the overall processing, the bank will take charge either monthly or yearly. Monthly charge is applied for processing card details over phones. Means, the person availing the merchant account solutions and credit card processing will pay the some service charge as well as customer. Every transaction is charged some percentage of total amounts paid. If you have minimum monthly business, in this case you need to pay extra security or bond.

Secure gateway for accepting payment online
A payment gateway is secure but different from merchant account. It acts as interface between website and banking system. It is seamless process and customer does not interact with it directly. Means the credit card details are submitted via this gateway that securely sends the card details through the appropriate financial network to the merchant account.

For online transaction and payment, merchant account and payment gateway is required to process the payment online. However, owner of the company have to find this separately. Other steps for credit card processing:

Credit card holder who swipes or enter the card details
Merchant account holder
Merchant account bank who hold the payment and process it
Service provider who allows merchant account to accept card payment
Credit card network who operates the credit card payment
Issuing bank of credit card

Merchant account solutions provider
Online research proved that many companies are there offering credit card processing. Hence, choosing the right merchant account solution and credit card processing need proper research for minimal amount and require less charge back.

Merchant Account Solutions accept credit card payment anywhere anytime globally. Choose the right processor with minimal amount and less chargeback

Card Processing Services, Credit Card Processing, Merchant Account, Online Payments, Safe card processing services

While Accepting Card Payments What Merchants Needs to Know?

February 17, 2018 admin

Do you have started a business? Do you sell the best products at a reasonable price? Thus, customers love your merchandise, queues snake far into a long distance, and grubby coins & crumpled notes are continually filling up your cash register? If yes, then it would be a perfect time to accept several different payment options. However, many business owners are still worry of the credit card and debit card processing machines unnecessarily. Here are the most important things you need to know about card processing and the reasons it makes your business sense.

Understand the basics of card processing:

Accepting cash always seems easy when compared to other forms of payment. It is because as a merchant you need some knowledge of the currency you are presently dealing with & a calculator. However, card processing can be a bit daunting for the merchants to understand its processing. Here is the quick summary of the card processing.
Merchant bank – Financial institution, which offers merchant account services to feature transactions to the bank accounts.

Card processor – Third party who takes on the merchant bank account responsibilities and facilitates card transactions & direct card details to the right merchant bank.

Issuing bank – Financial institution, which issues card (credit or debit) to consumers.

Card payment brand – Card brands such as MasterCard, Visa, and American Express.
Choose the best card processing option:

When it comes to credit or debit card processors, merchants have several choices to choose from. it includes traditional bankcard machines, QR code payments, and mobile point of sale systems. Out of these three payment options choose the right one according to your business. here are the key points for accepting card payments.
• Prefer traditional bankcard machine if your business is the large establishment along with traditional POS needs, customers are old fashioned and proficient to consign to the contractual agreement and time.

• Choose OR code payment when your customers are tech-savvy and young.

• Select a mobile point of sale if you wish to own the card reader by paying a fee rather than renting reader or committing to the contract.
Merchant needs to know things while accepting card payments:

• Firstly, you have to know that accepting card payment is going to charge you money. If it so, then avoid it completely and go for payment processing partner who offers you a break on fees.

• It is vital to know the major players in the electronic payment processing. Therefore, you will be aware of several types of charges your bank or third party will be used.

• Know how the card processor will help you grow your business. Your company plan to accept the card payment should also include more than processing and acceptance.

• Try to accept a plethora range of payment types to impress new customers and expand your business online.

• Most importantly, know which type of payment you must accept.

• Finally, know what hardware and software you require to accept card payment.

Online Payments

How to Expand the Online Payment Experience?

February 15, 2018 admin

Today many customers are using the credit card and mobile payment to find more experience on payment. Many business owners are optimizing online payment process to save lots of time. It gives more opportunity to the businesses to enhance the experience of payment. Rapidly most of the people are connected digital devices to pay off for goods. We offer excellent customer satisfaction service to find more benefits on this processing. We give valuable tips t to access your business in the global market and achieve success. Here we have described some tips to improve your online payment experience with the simple process.

Enhance security system:

You might acquire positive experience to increase security to process payment. Internet security is the important one to complete a transaction without issue from cyber criminals and hackers. Over the word, high range of people is using internet for various purposes. This security assists to safeguard your payment details from hackers. It makes you feel more secure on process payment on your mobile device. There is some security software avail to handle financial operations elegantly.

Decline payments:

You should avoid declining of payments. Credit card decline is largest issues to improve processing experience. There are many reasons to decline cards on your hands. If entry incorrect details of your credit cards, it makes breaks payment processing. You have to keep the contact information of the consumer on the purchased products. It also involves various payment methods that handled manually.

Consider more payment methods:

Most of the customer likes to found lots of payment options for purchasing any product. You have to offer more options to acquire high experience. It is a crucial part for a consumer to pick right payment choice to payoff products that they buy on your website. So, go through these points to improve online payment experience.

high risk payment processing

Allow Multi-currency Processing and Settlements for Risky Businesses

February 13, 2018 admin

The online shopping sites are growing popular in the market. The international customers are purchasing the products online. So the multi-currency payment is the perfect solution that allows the foreign buyers to purchase the goods easily. It is the simple way to improve the sales from the international customer. We offer different payment process solution to risk merchants. It helps to improve the sales without more effort. You can accept all country currency and improve the orders from the foreign shoppers by adding the multi-currency payment to the checkout page.

Get quick approval for risky business account

Are you looking for the best place for applying the risky business account? Then it is the right place. We have a lot of the experience in the field so we provide the first-class services to our customers. You can get the Multi-currency payment for your business that keeps your business safe. It helps to improve the payment process for your business. We provide 24/7 hours customer service for long-term satisfaction. With the help of the multi-currency account, the business owner can display the product price in currency there the customer is located. We provide the affordable multi-currency processing and settlements to our clients.

Benefits of Multi-currency payment

The Multi-currency payment is the great feature of the online store gateway. It accepts the payment process and receives the settlement in the currencies choice. You can gain more benefit by using the Multi-currency payment such as improve sales, reduce expenses of processing, great cloud reporting, automatically load balance and others. The multi-currency account helps to load the balance automatically. The Multi-currency Processing with the international retailer account reduces the processing expended and foreign currency exchange risk. It provides the best online shopping experience to the international customers.

Credit Card Processing

Are You Ignoring Your Payment Processing Fees?

January 13, 2018 admin

Any merchant or online seller is well aware of the payment processing cost that he has to bear in order to accept credit card payments from customers and buyers. Typically any credit card processing fee snatches away almost 2% of the total sales value of the merchant. This fee often differs from one credit card Company to another. For a merchant who is selling products with limited profit margins, giving away 2% of the sales value can prove to be costly. While there are a lot of ways to tackle this menace of payment processing fees, a lot of merchants are still oblivious to the payment processing amount of money that they end up shelling out to the credit card companies.

If you’re one such merchant who’s successfully running an online store, or even just running a regular store that accepts credit cards for payments, you need to understand and be aware of the number of funds you’re giving away annually towards payment processing fees. Once you realize and are made aware of the amount of your hard earned money that is being given away to credit card companies, you will probably want to do everything in your power to reduce the payment processing costs that you’re paying.

One thing that is recommended to every merchant who accepts debit and credit cards as payment is that he should keep a proper record of all the processing costs that he ends up paying. Don’t just go about paying payment process costs blindly without getting educated on the matter. There are countless ways that one can actually tackle and reduce the payment process costs that they are paying. Find credit card companies that charge lower payment processing fees. Always keep in mind that the profit you make from your sales is your hard earned money and you should do everything you possibly can in saving a large chunk of it.

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

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.

Card Processing Services

Specialized Service for Card Processing Services

July 12, 2017 admin Leave a comment

When you signed up for card processing service for your company, you might have thought the only benefit was being able to process card payments. Actually, there are a lot more advantages than that.

There’s no doubt that card processing is vital for modern business. Customers do want to be able to charge their purchases.

What are the advantages of card processing?
Almost all consumers nowadays prefer to pay with a card for convenience. Whether your customer selects to purchase from the internet or personally visits your store location, providing them with money or card payment options will surely give you the edge over your competitors. Just imagine how much sales you may lose if you only accept cash payment.

If you are a wholesale supplier, accepting card payment from business-to-business clients is also advantageous especially as more and smaller enterprise entrepreneurs nowadays use business credit to make corporate credit history.

Why Should You Hire a Card Processing Service?
Card Processing services in UK offers merchants a bunch of value advantages for their merchant accounts. Choosing a well-known and experienced card processing service provider can be very beneficial to your corporation. The biggest advantage of hiring card processing company to manage payments is the freedom it allows you to focus completely on expanding your company.

You need to explore the different services offered by card processing firms. Find one that’s right for your business today.

Radiant Pay Official Blog