High risk moto merchant account in 2019. This is a hot subject as more countries open up to new products. High-risk merchant accounts are a collection of financial services that allow companies to accept 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 harsh contracts. Being considered as high-risk looks bad. But in some scenarios, it can be your only option. We have been writing about various properties of the high-risk merchant account industry for many months and have most likely reached on most, if not all of them, of the most decisive problems. Here are some more advices on high risk merchant account processing.
High risk credit card processor : Host Merchant Services offers both standard processing and special services for high risk merchants. In addition to gift- and loyalty-card programs, the company provides a free website with email service to new merchants upon request.
Many financial processors do business only with with low-risk merchants, who they consider as a low risk investment. That means businesses considered high-risk will have a limited selection of potential processors 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 practically not possible for eCommerce merchants to operate without having enabled as payment type the credit or debit cards. Before you can take “plastic,” you have to use a payment service provider who acts as a liaison between you, banks, and credit card networks. Read extra info on High risk merchant account domestic and offshore.
Instabill was one of the better high risk merchant account providers we came across in our search. Their customer support agents were very clear and forthcoming with information. One thing to note is that Instabill is not cheap. For example, a Tech Support business would need to pay 4.95% + 0.25 plus the interchange fee for every transaction. That is significantly more than what non-high risk merchants charge, and even slightly higher than other companies on this list. However, this is unavoidable in high-risk industries. The reason we were pleased with Instabill’s offer was due to how easy it was to get pricing information in the first place – something that can’t be said for a lot of their competitors. Instabill does not post any of their prices online, since the cost will be highly dependent on the industry and bank involved in setting up the merchant account. However, you can get a quote by speaking with a sales representative and obtain a quote very quickly.
We worked with all of the high risk credit card processors, to be able to compare and a solid pick is iPayTotal. They cover all business types, have a vast experience in the business, fast customer support and low fees.
iPayTotal can help you in understanding and create your high-risk merchant account and guide you through the underwriting procedure followed by the bank while onboarding an application. 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. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.