It’s practically not possible for commerce merchants to do their business without accepting credit or debit cards. Before you can take “plastic,” you need a payment service provider who acts as a liaison between you, banks, and credit card networks. A lot of financial processors do business exclusively with low-risk merchants, who they see as a low risk investment. That means businesses considered high-risk will have a very poorr 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.

Rates and Fees: Usually this is the focus point of any merchant account application and the first question you’ll be asking your provider. Please see Rates & Fees and Interchange Rates Explained for more information. You should know that for all EEA (EU/UK) based companies, doing business within EEA, the EU Commission has lowered the interchange fees down to very low numbers (0.20%-0.30%). On top of interchange fees, the Card Scheme Fee and Acquirer/Provider’s margin are added. The most transparent and »fair« way to be charged for your captured card payments is the interchange++ rate model where you can clearly see a breakdown of exact interchange, CSF and margin. Typical rate is Interchange++1.00%; or 2-3% blended.

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.

High risk merchant account business types in 2019. This is a hot topic as more countries open up to new products. High-risk merchant accounts are a group of financial services that allow firms to receive card payments from clients. 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 reduced choices in processors, plus higher fees and strong binding contracts. Being named as high-risk sounds bad. But in some cases, it can be your only option. We have been discussing about various aspects of the high-risk merchant account market for many years and have most likely reached on most, if not all, of the most decisive problems. Here are some more tips on high risk merchant account services. Read extra info at High risk merchant account instant approval.

Billing itself as a “new kind of service provider,” T1 Payments offers flexible underwriting, easy application process, flat rates, and expert support–all combined into a state-of-the-art solution with dedicated end-to-end service. 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.

You’ll also want the best pricing plans and contract terms you can get. Here’s where a dose of reality comes in. There are several truly outstanding merchant account providers that we’ve awarded 5-star ratings to, and with good reason. They offer low interchange-plus (or subscription) pricing, month-to-month contracts, and excellent customer service and support. Unfortunately, one of the ways they keep their costs down and can offer such great terms to their merchants is by avoiding the high-risk category altogether. In other words, you won’t get approved for an account with them if they decide that you fall into the high-risk category.

Our National and International Connections with Acquiring Partners gives us the edge to offer Reliable Credit, Debit and Echeck Processing to almost every industry which is considered high risk. No Matter if you are located in USA, Australia, Latin America, EU or Africa. We have the capabilities of getting the right payment processor for your high-risk merchant account. Today, consumers expect to shop for your products or services online, therefore it is vital to offer a secure, convenient online shopping, otherwise, you’re missing out on significant sales revenue. We understand your need to offer a hassle-free solution. We review your business details and select appropriate banking partners amongst our network of acquiring banks and regulated EU payment institutions. For no additional fee, we work closely with you throughout the application process.

IPAYTOTAL LTD
Company Address: 60 Windsor Avenue London, England SW19 2RR
Company Website: https://ipaytotal.com/.
Support Email: support@ipaytotal.com
UK Tel:+44 800 776 5988
US Tel:+1 845 215 4017
Company # 11357725