High Risk Merchant Accounts

Tired of getting applications declined. Let us connect you with a reliable High risk Merchant Account Provider.

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Why you need a High Risk Merchant Account?

You need a High Risk Merchant Account because of few factors.

If low risk acquirers say no to you, then only High Risk Acquirers can help. Some industries are known as high risk industries. These Industries attract the high chargebacks. That is why low risk acquires always saying no to these industries.

Why it is so hard to get a High Risk Merchant Account?

That is correct it is tough to get high risk credit card processing account in today’s world. The primary reason is that there are not so many providers. Since there are very few solution providers, they do get a massive number of applications. Out of these applications the goal of the provider is only to onboard merchants that attract the low risk.

High risk merchant account acquirers follow proper underwriting guidelines and risk analysis steps. They check the business model and also check KYC documents submitted by the merchant.

When you type high risk credit card processing on Google, then you will find thousands of websites. Actually, there are a handful of acquirers that onboard high risk merchants. Most of the websites that you see on the internet are of affiliates and reseller. These affiliates and resellers help the PSP or acquirers in finding leads.

The final approval depends upon the financial institution. ISO’s or Resellers cannot force any financial institution to on-board any merchant. Resellers can educate the merchant about website compliance. It can increase the chances of approval. It should also be kept in mind that getting an instant approval for risk oriented industries can be an impossible task. Underwriters take time to check and approve applications.

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Why you should not say yes to every High Risk Merchant Account provider?

It is hard to get a High Risk credit card processing account, but you still should not say yes to every offer that you get. Before signing on the agreement, it is important for you to look at these factors. If you look at all these factors then it will be easy for you to find the best solution for your business.

1. The rate of Transaction(TDR/MDR): Do not pay above the industry standards. Remember a very high transaction fee is a hole in your pocket.

2. Rolling Reserve: High risk payment processors reduce the risk by asking the merchant to agree on a rolling reserve. This is usually a % value. Try to get it negotiated below 10 %. Some accounts may be available at a reserve of 5%. This reserve comes back to the merchant after 180 days. It’s better to have that money in your account rather than with the processor. Request them if they can reduce the rolling reserve percentage.

3. Payout Period: With a Low Risk, Account payouts are usually made within 2-3 working days. With High Risk, this can be weekly. In case if the provider asks you to accept monthly payments then look for some other provider.

4. Arrears or Holdback: To reduce the credit risk processors ask the merchant to accept arrear clause. This means that the first payout will be within a specific time frame. Most of the times this should be from 1 week to 2 weeks.

5. Contract Term: If the PSP wants you to sign a very long contract, then try to negotiate on a smaller contract or no contract term. You may get better rates from another processor in six months. Shorter the contract term the better it is.

6. Account Termination Fee: Some providers may put a penalty if you close the account before the contract end day. Try to negotiate and see if the processor waives this.

7. Setup fee: Usually, the setup fee for a High Risk credit card processing account is zero. Having said that still for few industries the processors may charge a setup fee. It will be great if you can convince the provider to either waive the setup fee or offer some discount.

8. Monthly Charges: Monthly fee becomes a burden if the merchant does not process enough transactions. You may agree to a small monthly fee but if that is very high then search for other options.

9. Reputation: Birds of a feather flock together. You should only work with processors that have a good reputation. Investigate online and see if they have any negative reviews. Ask the provider about there point of view on the negative review.

10. Merchant Account Holding funds: You do not want to work with a payment processor that does not respond to your queries and keeps all your money. The fact of the matter is there are many sharks out there. These companies usually do not reveal there address and business registration number. Before accepting the offer check if the processor is infamous for holding funds.

11. PCI DSS Compliance: All Credit and Debit card payment processors must follow PCI DSS standards. Most of the times they display their compliance status on the website. In case if it is not visible ask for it.

12. Integration Process: There is no point in getting a Merchant Account if it is too hard to integrate. Ask the processor how easy it is to integrate the payment gateway to your website. Ask them if they have a ready-made plugin.

13. Approval Ratio: A big challenge in the High Risk processing industry is the approval ratio. A solution with a very high decline ratio can create a negative effect on your business.

Beyond these factors you must get quotes from multiple providers and do a detailed comparison of rates,fees and charges. This will may help you to avoid lot of hassle.

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What are High Risk Industries?

Already Mentioned in the copy.

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High Risk Industry Vs. Prohibited Industry

We work with merchants from many high risk Industries. Sometimes we also get applications of merchants from prohibited industries. Merchants from prohibited industry cannot get any card processing solution. This is because the card schemes prohibit the processors from accepting these merchants.

Here is a link that will help you to identify Industries that are prohibited by most of the PSPs and Card Brands.

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Industry Standard Rates for High Risk Merchants

High Risk merchants usually pay a heavy transaction fee. Most of the times the rates for high risk industry starts at 3.5% Per transaction(TDR/MDR). This transaction fee can also increase depending on the industry. The TDR also increases based on the financial standing of the business and the business owners. Some providers charge even higher fees for specific Industries like.

1. Credit repair
2. Tech support
3. Antiques
4. Web design/Seo/Smo/Internet Marketing
5. Document preparation services
6. Job sites/Resume Services
7. Matrimonial websites/Matchmakers
8. Online dating websites and Dating Apps
9. Nutraceuticals/Ayurvedic products/weight loss products
10. Skincare
11. Online magazine Sales/Anime Magazine
12. Furniture
13. Astrology/Tarot Card Readers/Faith healers(Sessions Only) Extended warranty.
14. Sattelite TV Settop Boxes
15. Liscenced IPTV Companies

Most of the merchant account acquirers in the high risk space ask the merchant to pay a setup fee. The setup fee can range between $300 to $1,500. The setup fee depends a lot on the type of industry in which the merchant is operating. The higher the risk, the more the the setup fee. The merchant should try to request the acquirer to deduct the setup fee from the payout. Most of the processing companies that we work with an offer this flexibility. The setup fee helps the provider to stay away from non-serious merchants. It also helps in risk mitigation from the beginning.

Merchants from low risk Industries can also be termed high risk. This can happen if the personal or the Credit Score/Rating of the business is low. This kind of merchant needs a bad credit merchant account. In the United States of America, a lot of merchants struggle with the problem of bad credit. Unfortunately, they find it hard to get a bank account as well as a merchant account. This can lead the merchant to a difficult situation. This may even force him to close his business. These merchants can get high risk merchant services and start accepting credit transactions.

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Rolling Reserve for High Risk Merchants

Apart from the TDR providers also charge a reserve amount. This reserve amount applies to every transaction. This is the rolling reserve. The acquirer holds this amount for 180 days. Depending upon the type of business the rolling reserve can range from 5% to 10%. In rare cases, the processor may also approve a fixed reserve amount. It means the merchant will deposit a specific amount with the processor. This amount is released once the account is closed or terminated.

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Why Low Risk Acquirers always say no to a High risk Merchants?

Low Risk acquires always say no to high risk merchants because of 5 different factors.

1. Credit risk: Merchants from high risk industry attract high chargebacks. This can affect the stability of the payment service provider.

2. Reputation risk: Low risk acquiring companies try to refrain from associating themselves with Industries like.

Financial Institutions think that these industries can damage their reputation.

3. Transaction Laundering: Transaction laundering is a critical problem for any payment related Institution. This is also a key reason why they refrain from working with merchants from High Risk industries. In the past merchants have offered other businesses to use the account for small profit. This is a direct violation of any merchant account agreement. Unfortunately, in High Risk Industries, there have been many similar instances. This is also a vital reason why low risk acquirers do not touch merchants from high risk verticals.

4. High Ticket Transaction: The transaction value in most of the high risk industry is usually a lot higher than a low risk industries. The bigger the transaction value, the bigger the risk of chargebacks. Now you know why getting a merchant account for precious metal sales is so difficult. Merchants selling Gold and Silver coins also face similar challenges. Companies selling expensive earrings and expensive watches face challenges in getting an account.

5. $1 trial and recurring payments: Many nutraceutical companies and weight loss companies offer a free trial or a $1 trail. Customers find it attractive and they sign up for the trial and later forget to cancel the trial.  After the trial period, they notice charges on a regular basis. This attracts chargebacks that may create challenges for the merchant. This may create challenges for the financial institution as well.

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Why you are considered a High Risk merchant?

You are considered a high risk merchant because of multiple factors. These factors depend upon your personal and business credit rating. The Industry that you operate in also impacts your risk profile. If the merchant is on the MATCH list or has an existing TMF record. In case if the Merchant and the cardholders are in different countries. The High average ticket size can also classify you as a risky merchant.

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An extensive list of High Risk Industries

Every financial institution maintains the list of industries that are high risk. We have created an article on this website that talks about major High Risk Industries.

Here is the link to the article

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What are High Risk Merchant Account Processors?

When it comes to selection of credit card payment processors, a business owner has many options to choose from. But, high risk merchant services are available with only a few ones; that too depend on the underwriting guidelines they follow. From credit card, debit card and ACH payments to online transfers, the various risk factors involved with certain industries make them even critical. These risk factors can be a result of chargebacks, returns or refunds, frauds, bad credit score and poor credit history, recurring billing, type of product and service, or company listing on TMF or MATCH list. Henceforth, the role of high risk merchant processor comes into action which provides dedicated services with a wide range of options to select from as per the industry type.

There are so many payment processing companies across the world. Out of these massive number of financial institutions only few onboard High Risk Merchants or Merchants with bad credit. A merchant’s application can be declined because of multiple factors including the Credit Score of the business owner, Previous Merchant Account Shutdown or the type of product and industry.

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How high risk merchant services providers reduce risk?

It is a million dollar question. We are sure that we will not be able to give you the exact answer, but we will share our point of view. Becoming a high risk acquiring institution is challenging. The first thing is you need to reduce the risk. This risk comes from the merchant and the cardholders.  High Risk Merchant acquirers reduce risk by implementing various measures

1. Strict underwriting process: Underwriting team looks at various endpoints to identify the genuineness of the merchant. They reject any application that appears to be false. The reject merchants that are not showing the correct business model.

2. Detailed Risk Assessment: The risk team looks at the profile of the merchant. They try to understand the level of risk the institution will attract after approval.

3. Charging a higher transaction fee to cover penalties: Processors charge high fees to reduce the loss because of chargebacks. The account is profitable for the financial institution if the volume is huge and chargebacks are low.

4. Rolling reserve that keeps on building: Processors deduct rolling reserve on each transaction. This amount stays with the merchant account acquirer for 180 days. This money is also used by the acquirer to process refunds and handle chargebacks.

5. Charging a Setup fee: Most of the times serious merchant will pay setup charge. In case of the merchant is not serious then he would not get the solution. This also helps financial Institutions to skip unwanted applications.

6. Regular and Surprise audit: Performing checks on merchant account help processors to identify high risk activities. Processing companies check accounts at regular intervals.

7. limiting the Per Item ticket Size: When a merchant fills a Merchant Account application, then he mentions these.

  • Minimum ticket size.
  • Maximum ticket Size
  • Transactions per month
  • Monthly sales volume

Based on these values the processor limits the per ticket size. The processor also sets the merchants sales forecasts for internal use. The account may go on hold If the merchants experience a spike in any of the projected values.

8. No – Virtual terminal or Moto: In the US and in EU low risk merchants may get Virtual Terminal. Processors generally do not offer this solution to High Risk Merchants. This helps the processors to reduce fraud transactions to a great extent.

9. Fixed Monthly Sales Volume: Payment service providers fix a monthly sales volume as per the profile of the merchant. Merchants cant accept orders over an approved monthly volume.

10. Chargeback alerts and notifications services: To reduce the credit risk, many processors use chargeback alert services. This helps the processor to get alerts when the card holder calls the processor. The alerts may not appear every time, but most of the times they appear. Processors refund the transactions in case of alerts.

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High risk Merchant Account processing

It isn’t easy to get merchant accounts for high risk businesses. Generally credit card merchant account acquirer avoid handling high risk merchant accounts. Only a few service providers can manage the high level of risk. www.quadrapay.com saves your time and energy by applying directly to these payment processors and increases the chances of getting an active merchant account for your online business. Quadrapay.com provides best-in-class high risk merchant account services at the most competitive fees. We aim to become the most trusted and reliable source of high risk merchant service and cater our clients with unrivalled quality and utmost dedication. The global industry is very diverse and it has different categories under the umbrella term of high risk businesses. Any business that exhibits the characteristics of high chargeback history, high-ticket sales irregularity, declination from large banking organisations, below average credit scores and highly regulated industries are considered as high risk business. Getting a merchant account for these industries is really difficult, but Quadrapay.com assures to provide unmatched services to these businesses. The analysis to classify a business as high risk or mid risk or low risk is completely different for different service providers, credit card companies and banks. It depends upon the underwriting guidelines of the risk department. A general overview of the industry related information can help you decide better. There are numerous categories in high risk business but let’s start with the major ones. Does your business fall under any of these categories?

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Factors affecting High Risk Merchants

The factors that we have discussed in previous segments are responsible for reduced number of interested banks in providing high risk merchant account. This is really a major hindrance for the merchants who want to get a high risk processing accounts and payment gateways. This issue can result in two negative effects for a high risk merchant. The less harmful one is not succeeding in getting a high risk merchant account. The more dreaded one is severe penalties, impositions and even shut down of an existing high risk merchant account by the bank because of the affecting factors. We can term the latter as even worse because it stops the business flow and ceases the funds in the account till further notice and inquiry outcome from the bank. So, If a merchant succeeds in getting a merchant account and a payment gateway, it doesn’t mean that the path is easy now. It turns into thorns from roses, when a merchant has to maintain a healthy working relationship with the bank following all the laws and regulations. Hence, not only setting up a high risk merchant services account is difficult but also maintaining the same for long period is also an issue for the related merchants. Quadrapay.com comes up with stable and trustworthy services, offering solutions to all these problems.

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Views of Top Notch Banks on high risk credit card processing

Now a day, merchants have increased chances of availing a high risk merchant account with a top-notch bank. Most such accounts are personalized ones. On the basis of the account application and applicant’s profile history, after diligent and comprehensive financial profit analysis these banks may issue a merchant account. The interest rates, application fees, processing fees and other charges are determined by the study of merchant’s credit and financial history. The banks that acquire these high risk business accounts, undergo a rigorous process of evaluating the business model, investment sources, profit projections, expected turnovers and the target clientele before issuing a merchant account. If a merchant successfully maintains a high risk merchant account for longer period and the acquiring bank is also benefiting from the same, then these banks may extend their hand to merchant to provide multiple accounts with additional services, to facilitate the safety of transaction flows in case of any adverse situation.

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Types of Merchant Accounts Card Present and Card Not Present(CNP)

CNP or Card Not Present Scenario is more risky in comparison to transaction with a card present scenario, as the card is not physically present with the Merchant. Generally, customers use various mediums to process orders like websites, email or online invoice. Some specific types of accounts including Real Estate, Adult, MLM, Credit Repair, Airlines, Charity, Tech Support, Call Center, Forex, Travel Agency, Ticketing Agency, Dating, Web design, and Call Blocking, Subscriptions or any transactions that takes place online usually fall under physically not present scenario.

The possibility of fraud is much greater with this type of business scenario (Card Not Present – CNP) which results in classifying these types of accounts as “High Risk business accounts”. Naturally, these high risk merchant accounts present the risk of the dreaded chargebacks for the related banks in question. It has been proved by various researches that these High Risk processing transactions are more susceptible to fraudulent transactions.

A Card Present Scenario will typically be similar to a transaction taking place at a departmental store. A customer hand overs the card to the merchant for transaction in such scenario. The Card is swiped on the POS (Point of sales) machine. Merchant delivers the products after getting an approval message on the terminal along with confirmation receipt.

What are the further issues for such Merchants? As said wisely, you cannot achieve anything in life without taking risks. Most of the financial institutions take a specific level of risk as per there internal policies and underwriting guidelines. Hence, the merchants should try to apply with the right payment processor and not waste time in applying for a merchant account to processors randomly. In a situation like this, Quadrapay.com can help save merchants time by sending the application to the befitting payment service provider that is compatible with merchant’s specific industry type. If you are tired of getting your applications declined because of credit check then we will suggest you to try Quadrapay.com for once. We may be able to get you approval for credit card processing with no credit check.

Like most entrepreneurs, you must have started your business with a vision; the vision to grow in your particular field and to create jobs and opportunities for other people also. To achieve your vision you should implement all the best practices but, unfortunately everything comes to a standstill if you do not have a payment processor to support your vision. Not every business owner is lucky to have an active Credit/Debit Card Payment Processing Solution with all synchronized services. Some may be lucky but for others, the problem persists constantly.

For most of the industries, the problem started somewhere around 2013. This is the time when “Operation Chokepoint” was initiated by the US- Department of Justice. The purpose of this initiative was to investigate the financial activities of businesses, majorly in the firearm dealership and loans. It is because of this operation chokepoint, most of the financial institutions stopped working with some specific and related industries. Some of the worst-hit industries were firearms dealerships, Ammunition sellers, set-top box sellers, antique shops and credit repair companies.

Eventually the time changed and there was some positive growth in this sector as well. The industry did experience a change from August 2017. Now the banks and the payment service providers follow a different approach altogether. Earlier they used to decline applications from all the merchants from these specific industries. Today, they individually look at each Merchant account application with a customer centric approach. They do not come to any conclusion just by looking at the industry type. This is certainly very helpful for those High Risk businesses that are facing the shortage of payment processing solutions.

Offshore  providers can be considered more liberal in terms of the risk appetite. Payment service providers based in the United States of America, Canada and most of the developing countries mostly prefer to facilitate only low or mid risk business and industries.

What should be a merchant’s approach in getting a stable and facilitating merchant account? When applying for a High Risk Merchant account a business owner should first try to find domestic solutions. A domestic solution is a high risk merchant account provider that is located in the same country where the merchant is located. For example, a merchant from USA working in travel industry gets a merchant account from any affiliated bank present in the United States of America. The benefit of working with a domestic payment service provider is that the merchant does not have to pay for the cross-border fee.

In case if you are unable to find a domestic merchant account, only then you should try offshore payment processing companies or Offshore Merchant account providers. These service providers are somewhat more expensive than domestic ones, but they do offer quality solutions to most of the industry types.

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Alternative Modes of High Risk Payment Processing – ACH & eCheck

You should also ask the service provider if they offer ACH (Automated Clearing House) payment processing services to High Risk businesses. Electronic cheque solutions are easy to use and most of the processors prefer to work in this mode of payment with most mid risk and a few high risk industries. With ACH you can also accept re-occurring or subscription based payments, unlike the strict policies of credit card companies. This can be highly effective for companies in industries viz. Herbal, Nutraceuticals, Tech support, Credit Repair and Weight loss.

How to keep a merchant account for long time? Once you get the merchant account, we strongly recommend you to follow a couple of best practices to make sure that the merchant account stays in good condition for a long time. Make sure that the data related to your business and the merchant account is firmly protected. You should use a highly secure server to store your emails and your customer information. Never collect the credit card information over the phone in case you don’t have a virtual terminal or MOTO provided by the payment service provider. You should also offer proactive and reliable support to your customers to reduce chargebacks and fraud. To make sure the chargeback and fraud ratio are within the limits recommended by your payment service provider, we strategically suggest that you should use chargeback Alerts and Notifications service. There is absolutely no cost to start the service. You may have to only pay for the alerts that you will see.

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How to find a reliable High Risk Merchant Account provider?

While choosing your payment gateway provider or merchant account provider for your High Risk Business we recommend you to keep below mentioned factors in your mind. Making the right selection based on these factors will help you to save a lot of cost in terms of your transaction rates, time investment, energy and manpower investment and overall cost of operation of the merchant account. Analysing these factors can help you to identify the reliability of the processor.

1. The Rate of Transaction – You should read the merchant account agreement before proceeding ahead with the payment processing service provider. Make sure you understand the rate of the transaction and any additional fees that are mentioned in the agreement. In case, if you think that the rate of the transaction is higher than your expectations then please go back to the acquirer and request for a reduction in fees. Do not sign the agreement until you are absolutely sure about the rates and fees. At times, the processor may put a clause for rolling reserve depending upon the risk factor of your business, you always have the liberty to negotiate with the service provider to conclude it.

2. Set-Up Charges – Application Fees: Most of our solutions come without any setup charges, which mean you do not have to make any payment to get any of the payment processing services started. Few of the service providers may charge a setup fees depending upon the services they offer. In that case, it will be a good idea to negotiate with them and see if they can reduce the fee or completely negate the same. Sometimes offshore high risk payment processors may approve the deduction of setup fees from the first payout.

3. Monthly Maintenance Fee – We recommend you to look at the monthly maintenance fee or the monthly maintenance charge as well, set up on your account. You should also look at other fees which include wire transfer, return or refund charges, and chargeback fees.

4. Integration facility – A merchant should try to find out how easy it is to integrate the merchant account with his business website or the online platform used for his business. If one spends a little bit of time on the payment service providers’ website then he can easily find out about the available plugins. Plugins can be very helpful in case if you want an easy integration of the Credit Card processing system on your website. This further makes it easy for your customers to make online payments.

5. Funding or Payout Schedule – If your offshore high risk payment processors is a domestic processor then most of the times they will do T+2 settlements that means the date of transaction + 2 business days. In case, if your processor is located in a different country than yours then the payout may be delayed. The processor can send you the payout schedule on request. Merchants, especially from the High Risk Industries, should try to maintain equal volume of transactions every week. This helps the system to work efficiently without any delays in Payouts.

6. PCI DSS compliance certification – Payment processor must have a PCI DSS compliance certification. Most of the times they display this on the website. If it is not displayed on the site ask the sales representative for clarifications.

7. Billing Descriptor – While applying for a Merchant Account make sure you mention an easy to recognize billing descriptor on the application form. This is the name that will appear on the credit card billing statement of the customer. Many companies put their support line number as a billing descriptor. This helps customers to call the support line number in case if they do not recognize the charge. Putting any irrelevant billing descriptor will certainly not help any merchant as it will create unnecessary confusion in the mind of the customers.

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How is the Brand Reputation of the Payment Service Provider?

Get some industry references and see if the merchants are happy. Ask the merchants if they are getting paid on time. Ask independent consultants about the reputation of the processor. A company which is involved in providing reliable services will certainly have good reviews. With the global expansion of technology and wide use of internet, digging up information and reviews of any company or organisation is just a matter of time. In case, if they do not have good reviews they will certainly not have negative reviews online as well. But you should try to do some search on the Internet in order to find out if there are any negative reviews about them. If there any negative reviews, you should try to analyse the reason for the negative review. You should also keep this thing in mind that when an organization becomes old, the expansion increases and there may be a certain set of customers who may have had bad experiences. But overall after looking at multiple reviews, you will be able to understand the reputation of the organization. Apart from this, if it is a public limited company and is listed on any stock exchange try to analyse the returns per share or EPS (Earnings per share). In other words how the company has performed on stock exchanges. These small researches will help you decide the right service provider for you.

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Is The Payment Service Provider Experienced enough?

Yes, this is indeed an important question. Try to identify the tenure of the processor or the service provider. Check for how many years they have been in business. The longer they have stayed in the business, the more reliable they are.To check this, you can verify how old is the website and how old is the company establishment. This will ensure that the company has been on the internet for quite a long time. If they have stayed on the internet for a sizable amount of time then there is a possibility that they have the vision to grow in the payment processing industry and you can rely on them. This doesn’t mean that nascent players aren’t capable of providing apt services but it is a precautionary measure to get the best out of all.

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Is the Payment Service Provider Financially stable?

Yes, this is also a vital question. You should only work with an organization which has got strong financial Foundation. In today’s world payment service providers operate in multiple countries. If you’re working with a company which is cash-rich and has a strong financial foundation then you can certainly consider that company to be secure. As the market has expanded, some uncertainties have also originated along with it, which may adversely impact the complete global market. Thus, knowledge of the financial stability of the service provider assures you of a safe future.

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How well is Client Reference for the Service Provider?

It is very important for you to work with reliable payment service providers especially if you are a high-risk Merchant. This is because if the payment service provider does not manage its portfolio carefully then the entire list of the merchants may face problems. Most of the payment service providers in the High-Risk space share some client information if you ask for it. Try to see if they have clients from your industry. If you are lucky you may also speak to the clients and ask about the experience. This will give you a holistic view about the reliability and stability of the payment service provider.If the processor has been in the business of serving international merchants they it will be able to share some references.

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What is the current Pricing Information in the market?

High risk merchants should carefully analyse the rate of transaction and other fees charged by the payment service providers. This can be done by comparing the rate with other offers available in the market. There is no harm in trying to negotiate for the pricing. This is very important in relation to your investment perspective because the market competitiveness can help you find the best prices for the service you are looking for.

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How is the Product Portfolio of the Payment Service Provider?

Every visionary business owner will try to join hands with an organization that has a massive product portfolio. The range of product and services offered by a service provider exhibits the possible market expansion of the company and it also helps you determine the potentially useful service for your business. This will ensure a regular supply of alternative payment processing modes if needed. See if the service provider offers a point of sales devices, ACH or E-check payment processing, virtual terminal/MOTO or any alternative options.

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How Big Is The Team?

It may be difficult to get the answer to this question but if a company has stayed in the industry for some time then they will certainly let you know about the number of full-time employees. An easy way of checking this would be to analyse the LinkedIn page of the company or information of organisation on Glassdoor website. If we talk in terms of customer service, tech support, specialised services and dedicated deliverance, the manpower of an organisation plays a very important role in that.

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Where is The Acquirer located?

As a merchant, you should work with the service provider that offers maximum success ratio and help you accept maximum modes of payment. Based on our understanding Acquirers located in developed nations offer better success ratio than many others. But, most of the acquirers that offer High Risk Merchant Accounts are located outside the developed economies. This may result in a massive drop in terms of transactions acceptance that means the merchant gets fewer successful transactions.

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Why you must get a Merchant Account?

It is a common question asked by merchants who are new to Credit Card processing. Business has always been good even in the age of cash transactions.

Merchant account helps business to be competitive in today’s world. With a merchant account business owners can accept credit and debit card transactions. The money goes into the business bank account of the merchant after few days. It reduces a lot of unwanted tasks. Merchants get paid in the bank account, and they don’t have to carry cash every day to bank. It also offers a lot of comfort to customers. Customers can pay on the website and over the phone. Merchants can create buy now button on the website. They can also integrate the payment gateway to most content management systems.

Feel Free to Get in Touch with Us.

Quadra Services
#4 FF-A Block Omaxe Gurgaon Mall, Sohna Road Gurgaon Haryana India 122018
+91 9643614168(India)

+44 05603845586(UK)

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+1 6318321773(USA)

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