Better Gift Card Merchant Services
A gift card merchant account allows gift card companies to accept credit and debit card transactions from customers for the sale of gift cards.
Since 2016, QuadraPay has been providing highly reliable gift card merchant services to gift card companies of all sizes in Europe and North America. Our gift card merchant solutions are powered by some of the most well-known sponsor banks and PSPs. We understand that the gift card business operates on a very thin margin of profit; thus, our solutions are highly affordable.
Recently, many acquiring banks have started considering gift card merchants as high risk. It has become difficult for merchants to find reliable gift card merchant services. But with QuadraPay, you can skip this challenge. Over the past many years, we have evaluated various high-risk processors and now have a stable network of these providers that are stable and merchant-centric. Talk to a QuadraPay gift card merchant service expert today about these excellent options.
Online and Retail Gift Card Merchant Services
With our online gift card merchant services, businesses can seamlessly integrate credit card processing into their gift card eCommerce web store or mobile app. Customers can use well-known credit cards, debit cards, virtual cards, and APMs to purchase gift cards in various denominations directly on merchants’ websites.
For retail gift card processing services, merchants can now accept payments at their physical stores, allowing customers to make payments through retail credit card terminals.
Gift Card Companies Need Robust Gift Card Merchant Solutions
The global gift card industry is expected to grow rapidly in the coming years. It is essential for gift card brands to have access to smooth credit card processing solutions to offer an exceptional customer experience. For gift card companies, a reliable credit card processor is crucial for better conversion and sales. With a highly efficient gift card merchant account, these companies can process transactions more effectively and provide a good customer experience.
Features Of gift card merchant services
We offer low-cost credit card processing solutions best suited for the unique needs of gift card companies. Our transparent fee structure ensures that gift card businesses can increase their profits. At QuadraPay, we believe in establishing a partnership where the success of our clients is most important.
Security is a critical aspect of credit card processing for gift card companies. Our payment solutions include state-of-the-art security parameters to ensure confidentiality and transaction security.
Merchants use various gift card e-commerce platforms to manage their gift card business. Our gift card processing solution offers flexible integration options with popular gift card e-commerce platforms.
Benefits of Choosing Our Gift Card Merchant Solutions
Gift card companies have unique requirements, and we understand them all. That’s why we offer customized solutions tailored to the individual needs of all types of gift card businesses.
We offer a highly affordable pricing structure that helps gift card companies keep more profits and spend less on credit card processing charges.
As an experienced provider of gift card merchant services, we are proud to tell you that we can be very quick in terms of getting merchants approved. However, to achieve this, it is important that the merchant provides us with a quick response and meets the requirements laid down by the acquiring team. Ask us today about our gift card merchant solutions.
Gift Card Merchant Services FAQ
Why is credit card processing for Gift Card companies High Risk?
There are many reasons that make gift card credit card processing extremely risky for acquiring institutions. One of the most common reasons is the risk of chargebacks. Gift card merchants are generally targeted by fraudsters, as gift cards allow for anonymity, and these fraudsters prefer to make fraudulent transactions using gift cards.
Another reason that makes gift card processing difficult for acquiring banks is the lack of verification. When purchasing a physical card, you need to visit a store and likely submit an ID for verification by a person. However, in the case of gift cards, such strict verification is not possible if the transaction is happening over the internet.
Gift card businesses are not evergreen; that means they have seasonal spikes in sales. For example, gift cards sell a lot during Christmas, New Year, Valentine’s Day, or Black Friday. At other times of the year, the sales of any gift card company are lower than average. This seasonality of transactions is not something that banks like. Payment processing companies prefer to work with businesses that can bring stable and regular transactions.
Another challenge with gift card merchants is that the product itself can be traded on the second-hand market. This means these products can be sold to another user, and this way, the original gift card company will have no information on who is buying the gift card. This resale potential creates a regulatory risk for the gift card company. Along with that, industries that have a hard time getting access to credit card processing create a lot of pressure on the card processing ecosystem.
https://www.alliedmarketresearch.com/gift-cards-market
https://www.persistencemarketresearch.com/market-research/gift-card-market.asp
