Tag Archives: payment services for high risk business

ACH Payment Processing, card payment strategy, Card Processing Services, check processing solutions, digital payment system, high risk payment processing, mobile payments, Online Payment processing, Online Payments, online shopping, payment gateway Solutions, Safe card processing services

How to Provide Convenient Payment Solutions for Ecommerce Businesses

October 23, 2020 admin

All the world’s trading practices seem to be shifted online gradually. As they didn’t arrive alone, thus came with the urgent need to search for a proper, appropriate, safe, and click away from an easy mode of payment solution, while purchasing online. This online payment solution is like the backbone for almost entire ecommerce products and service providers.

We can list the best payment solutions, for all the low and high-risk ecommerce businesses working today, or are in the need to get payment solutions, because they are worth performing better online businesses for the betterment of potential buyers online. We can get the explanation and get informed of the different aspects of services provided by any digital payment solution providers.

Some of the payment solutions which are most preferred by ecommerce companies are

Payment solutions for Credit card and Debit cards processing
Efficient payment Gateway solutions
Merchant Accounts for easy transections
ACH & check to process
Online banking
Opening of offshore Merchant accounts
Specialized in crypto currency Payment solutions

What is an Online Payment Solution provider, and how does it impact your ecommerce well-being?

An online payment service provider is you can say, the agency in between the traders and online buyers, offering payment services, consultation with online merchants, and offering more updated secure transaction methods. More or less it connects buyers with online merchants by easy transactions and timely delivery of stuff and services responsibly.

How to deliver as Payment Service Agency?

What is the expectation?

What are the new technology advancement and there easy marketing is all the working arena of a Payment service provider? First, to last all services are elaborated under

Payment solution for credit cards and debit card processing is a must to cater. As, we all know that in present-day marketing equations, the banks are issuing Credit cards and debit cards to buyers, and are used as the tool to purchase online, and that service can be reached 24 by 7. That’s why the processing agency is readily giving the software which is attached to the web, for payment acceptance.

Payment Gateway solutions are those services related to payment online, as a software, a payment gateway can be termed as a tool given on the website for the security of banking data, and forwarding the payment request to the bank, and gains an approval with transparency.

Offshore Merchant Accounts enables the ecommerce business the excess to the global market oversea. They allow them to do oversea trading, accepting the foreign currency, on low taxation. These Offshore Merchant accounts help to collect the huge some and frequent transaction without any hiccups, which are mostly opened by Payment solution providers like the Radiant Pay based in London.

High-Risk Processing, some ecommerce businesses fall in the category of High-risk business, whose order and transaction need some extra care. As these categories’ like Adult Industry, tobacco sale, Casino and Gaming Industry, and the travel industry are just some examples, which is handled with some unique terms and conditions in the International Market.

There are some facilities which are given by experts of online payment solutions like Radiant Pay, for the easy transaction of the fund, although High-Risk in nature.

ACH (Automated Clearing House) and check clearing facility is also a very innovative form of digital payment model, in which the fund is cleared in a scheduled, timely cleared with an automated process, it’s a fund clearing system with e payment and electronically debit and credit cards. They can issue electronic checking slip which is accepted all over and reduces your frequent visit to the Banks.

Online Banking Services are largely used by all the customers globally, as many payment alternatives available for transactions like Credit Cards, Wallets, Vouchers, Cheques, etc. As the Highest % are using the Online Banking and purchasing cashless, Our Radiant Pay is also doing payment ease for this customer, if they don’t have Credit& Debit cards with them.

Call to Join Radiant Pay as an Expert

I hope you got the complete Idea of how an Online Payment Solution provider is making our work of running a seamless and profitable ecommerce business, is converting our dreams into reality. They help to collect money, in a safe, fast, and easy manner, without troubling us a bit.

If you are looking for a quality Online Payment Service Provider, Radiant Pay is more than the Best choice. It is better to grow your business with all the other resources, and leave the Digital Online Payment to Radiant Pay for the extremely better and sure result of Rocket like growth in your ecommerce business. You can also visit www.radiantpay.com and

support@radiantpay.com

ACH Payment Processing, card payment strategy, Card Processing Services, digital payment system, Forex Trading, high risk payment processing, Merchant Account, mobile payments, Online Banking Payment, Online Credit Card Payment Solutions, Online Payment processing, Online Payments

4 Best Payment Service Methods, from Cash to Online Payment

October 16, 2020 admin

What are the latest payment services?

Have you ever heard of Money Order?

That sounds quite out of date service, isn’t it?

But that was considered very latest in the 1980s especially in India via Indian Post or ` Daak’. It was a way to send money from one place to another post, for any business or household requirement in those days, and it served well too, now it’s used as an E-money order in Indian post. That is electronic.

But that also is not flawless and fast. Before that money notes, coins, value, and barter systems, I don’t want to take you to the Victorian era, but we are looking at how the process of transaction evolved.

Any payment service today is challenged by its latest version, on and on. We can have the detailed on other Payment services which are most relevant and most excepted online.

Why do we always want changes in the Payment Processes?

That is a million-dollar question. Because there is a need, there are inventions. In every sector and services, if we are not happy to the brim, we expect something better fast and secure. Some payment system

Cash- More than 15 years back the buyers were giving paper money notes, although someone can steal them, they could be misplaced, robbed, fraud notes were there as our enemy, then also buyers and clients were carrying the bags and packets. For the only reason to buy something and have happiness and comforts.
Banking and Credit Card, with the increase in online purchase, the purchasing power of the common man increased many folds. Due to this reason, many banks came up with Credit Card and Debit card system. The dominance of the cash payment decreased, this is almost the start of a digital transaction system.

Credit Card revolutionized the payment system, to purchase something, you were just a swipe away and that’s all, of course, you have to pay the bank, in 45 to 50 days span, otherwise, you pay the heavy fines and interests.

Today credit cards are filled in wallets and are used vastly in a retail shop or any online ecommerce site they fastened the economy, enhanced the online business, and gave liberty to every man for instant purchase.

It has some cones also regarding the other person using with some details, many online fishing are in practice to illegally eat your balance, and some other security measures came into existence. Which gave a path to more advanced payment solutions like net banking.

Online Bank Transections also is known as Net Banking. This fund transaction was considered as safer as more or less operated within the bank themselves.

Online banking, is electronically operated on secure websites institutions over the Internet. It is started by creating a Username and password, from home itself, and need to register your mobile number and Email ID.

This payment process is used to send Funds like in Same Bank Transfer, NEFT/RTGS/IMPS in other banks, Bill Payments, etc. It helped to perform good transaction facilities from anywhere, with more credentials online. All these services have certain limitations also, regarding their settlement timings, which gave the path to more innovative ways.

Accept Online Payments, there is almost 2 trillion dollars a year transection, which is online, and it’s only going to get bigger. If you are an ecommerce buyer or purchaser you are recommended, or bound to do online payments on websites and portals, it’s inevitable.

Two basic need to accept the online Payment online you need a Merchant account and a frontend Payment Gateway service, which are integrated, to do seamless transactions online for your Ecommerce website.

Payment gateways are some software that works as an instant mediator to forward the secret banking data with issuer banks and gains approval for clearance, for a proper transection, very fast.

As these payment online services are not free and charges around 1.5% to 3.5% per transaction + any monthly charge, depending on which service are you taking for customer satisfaction?

There are certain norms to do online business and Payment services, as they retain the power to approve or decline your request to restrict the fraudulent and cybercrimes.

How you can get the best Payment Solutions?

Do you run an ecommerce store or ecommerce service, then which of the above-mentioned methods are most relevant in today’s scenario? Let me know at our site support@radiantpay.com.

If you are eager to make your online ecommerce business a real success, then don’t compromise, and go for the best Online Payment Solutions like the Radiant Pay situated in London.

Our expert team of technical advisers is giving the best Payment solutions with many payment services like- Offshore Merchant Accounts, Credit Cards Processing Merchant accounts Services, High-Risk processing, ACH, and Check to process, and online Banking Payments.

The possibility of ecommerce business doing well depends more on the ways to collect money. Money safely collected is your business in hand, and that is profit, which can be accomplished by a smart Online Payment Solution, none other than the Radiant Pay.

High Risk Merchant Account

Which Business Categories listed as High-Risk Business Services?

September 25, 2018 admin

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

High-Risk Merchant Processing For Online Businesses

May 19, 2018 admin

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.

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