Are you struggling to get a WooCommerce high-risk merchant account? If your business operates in any of the high-risk industries like CBD, vapes, tobacco, or subscription services, then you know how challenging it can be to get a merchant account. With an affordable WooCommerce high-risk merchant account you will be able to accept credit card payments without any hassle.
A WooCommerce high-risk merchant account is a specialized credit card processing solution for businesses that operate in industries that are considered high risk by payment service providers. These businesses face consistent problems in getting approved by traditional credit card processing companies. This is because of various factors such as industry reputation, high chargebacks, and fraud. The following industries generally required high-risk merchant accounts:
If you operate in any of these industries, then you will definitely need a specialized high-risk WooCommerce merchant account. With the right solution, you will be able to consistently grow while accepting local and international credit cards.
Security and Compliance
Specialized high-risk merchant accounts for WooCommerce comes with enhanced security features. This helps in accepting transactions in a safe manner. With the PCI DSS-compliant WooCommerce high-risk payment gateway, you can trust that your customer data is secure.
Fast Payment Processing
The specialized WooCommerce high-risk payment gateways are designed in a way that they facilitate fast transaction processing. With built-in advanced fraud detection algorithms, you will be able to efficiently block fraudulent transactions and continue accepting genuine orders.
International Payments
For WooCommerce stores that target international customers, it is important to get a payment gateway that supports multiple currencies. With affordable payment gateway solution, WooCommerce websites can accept payments in multiple currencies, including USD, CAD, Euro & AUD.
Reliable 24/7 Support
These solutions are powered by some of the finest acquiring banks and payment service providers. Our partner providers offer round-the-clock support. If you face any problems in accepting credit card payment on your WooCommerce website, you can call the support number and get the issue resolved quickly.
When you sign up for a WooCommerce high-risk merchant account, it is important to get a compatible WooCommerce payment gateway. This is because the payment gateway is software that is required to complete the transactions on your website. A good WooCommerce high-risk payment gateway should have the following features.
Easy Integration: The payment gateway should be fully compatible with the WooCommerce content management system. Readymade plugin can be added to WooCommerce website without any extensive coding knowledge. This way you will be able to start processing quickly in comparison to other solutions.
Multiple payment methods: The payment gateway should accept a variety of payment methods, such as credit cards, gift cards, alternative payments, and QR code payment. By adding the option of multiple payment methods on the checkout page, you can increase the conversion rate.
Sell In Global Markets
With the truly International payment gateway, you will be able to take your high-risk business to the global audience. Your customers will be able to make payments to you in their local currencies. This will have a significant impact on your sales volume.
Fast & Easy Settlements
Working with the direct payment processing company will guarantee fast approval and quick settlements. Your payment processor will quickly send funds to you without delays. In most cases, merchants get paid on a daily basis.
Minimized Chargebacks
By choosing the right WooCommerce payment gateway, you will be able to keep your chargeback to the minimum by using advanced features such as automated fraud checks, address verification, and CVV checks.
The first step is where you submit your business information to the payment processor. This generally includes the website, your company’s name, and expected transaction volume. The payment processor will review these details and then ask for additional information.
You will provide the mandatory KYC documents and the application form to the payment service provider for review. After a detailed evaluation of your documents and WooCommerce website, the payment processor will either approve your account or reject it.
Once the account is approved, then you will integrate the payment gateway on your website. You can either use a plugin or do a custom API integration. While doing the integration, you will be able to make changes in the design of the code to match your brand’s identity. After proper integration, you can start accepting live transactions on your GoCommerce store.
Running a high-risk business on a WooCommerce website should not be painful. By choosing the right merchant accountant and payment gateway, you will be able to grow your business without the hassle of learning about the complexity of credit card processing.Now high-risk merchants can get excellent WooCommerce payment processing solutions.
