Third party high risk merchant accounts in 2019. This is a popular topic as more countries open up to new products. High-risk merchant accounts are a group of finance services that enable companies to receive card payments from customers. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face limited options in processors, plus raised fees and strong binding contracts. Being labeled as high-risk looks bad. But in some scenarios, it can be your only option. We have been talking about multiple aspects of the high-risk merchant account business for a very long time and have most likely reached on most, if not all, of the most important issues. Here are some more tips on high risk merchant account providers.
High risk credit card processor : Cayan has a reputation for helping businesses develop more meaningful customer connections through cutting-edge payment solutions. They’re also known for reasonable pricing, and not requiring an early termination fee (ETF).
A lot of financial service providers do business only with with low-risk businesses, who they consider as a low risk investment. That means businesses considered high-risk will have a limited selection of potential payment services to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents. It’s virtually impossible for commerce merchants to operate without accepting credit or debit cards. Before you can accept “plastic,” you need a payment service provider who acts as a liaison between you, banks, and credit card networks. Read extra details at High risk travel merchant account.
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. This includes CBD and Kratom businesses. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history.
We did transactions on all of the high risk credit card processors, to be able to compare and a very good pick is iPayTotal. They cover all business types, have a large experience in the business, fast customer support and low fees.
We specialize in providing offshore merchant account and third party merchant account payment solutions to international businesses.Large, safe, financial institutions in Asia, Europe or the Americas will hold your bank account and process your credit card transactions. Credit card transactions are authorized within seconds and automated receipts are sent to the merchants and customers simultaneously. We are a team of like-minded people who do business, generate ideas and realize them. At iPayTotal, we combine our technical skills with our simple, straightforward approach. Regardless of whether you require a start-up merchant solution, a subscription account, a pharmacy merchant account, a travel merchant account or set up an offshore merchant account, iPayTotal can help you set up with lowest rates and no hassles for your high risk businesses for your high risk merchant account. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.