11 Feb

By Aditya Williams

Category: B2B Payment Processing, best high risk merchant account provider, best high risk merchant services, Business plans, Dedicated Merchant Accounts, Finance & accounting, high risk merchant account instant approval uk, high risk merchant account provider, high risk merchant account solutions, High Risk Merchant Accounts, high risk merchant payment processor, high risk merchants uk, high risk moto merchant account, high risk offshore credit card processing, high risk payment gateway uk, high risk pharmacy merchant account, High Ticket Merchant Account, High Volume Merchant Accounts



While spending money in any business is inevitable, we can always minimize the rate at which we spend money on unnecessary things. The ability to cut costs is not only an excellent move for our lifestyle but also affects our business positively in the long run. To understand the need for effectiveness in business and which of the payments are inevitable, we carried out simple market-oriented research and discovered that being able to accept credit cards is one of the essential expenses a business can never escape. Although being able to accept debit or credit cards for payments will likely increase our business’ sales and efficiency in the market and also make it easy for our customers to pay for their purchases with much ease, there are ways we can reduce the total amount of money we spend on these processes.

In this article, we shall expose you to some of the simple ways you can cut down business costs even before you sign up with a processor by conducting simple research and scouting around for the best international merchant account provider that can fit into your description and budget.  Note, these are just simple tips you should observe while searching for a good high merchant account payment gateway to process your rates and fees. These processes include but are not limited to the following;

Understand the Pricing Structures:

Taking special notes into understanding how transactions fees are calculated or arrived at by the international high-risk merchant service provider is the very first process of reducing business costs. It gives you a chance to save some money while trying to process your statement and this should be taken into due consideration before you even think of visiting or making a commitment with a high-risk international payment gateway. The total amount of money charged as payment processing fee may differ from one pricing structure to the other hence the reason why this may affect how much you can afford monthly. Examples of the most common payment structures include but are not limited to tiered pricing, flat rate and interchange plus. While flat-rate pricing is easy to understand since it is just a single payment procedure, the most cost-effective structure for all businesses is the interchange plus pricing (cost + pricing). If your business specializes in the sale of very small monthly processing volume like baked or coffee goods, then a flat rate will be the best processing rate.

Compare the available rates

The ability to compare the rates utilized by high-risk international payment gateway tends to create a good reason to cut down some unnecessary costs. Before signing up for an online international payment gateway, it is good that you have enough and adequate information that will give you a clear view of how much they charge in relation to other high-risk merchant account gateways in the same niche. Based on the data gathered from the comparison, you can easily determine the best payment processor that can offer your business the most cost-effective solutions you so much deserve. Never be in a hurry to engage their services, take your time to study the rate and identify the ones that best suit into your job description and can assist you to simplify your comparison while providing a tangible motivation to sign up or move ahead.

Understand the Different Credit Card Processing Fees

Operating with international merchant account providers usually incurs some credit card processing fees which may apply to your statement every month. As crucial as these credit card processing fees can be, they differ from one processor to the other, and this can serve as the best avenue to review your statement and decide on which one is the best for your business. Although credit card processing fees may be unavoidable, you can always try to choose a payment processor who waves fees with a high rate of efficiency and transparency. Take note of the charges displayed on their website and statements.

Take note of all options available for equipment

It is important that all high-risk merchant account owners try to steer clear of equipment lease of any sort since this may often turn out to be a very bad deal for the international merchant account payment gateway in the nearest future or throughout their contract. It is not advisable for merchants to enter into any form of long term equipment leases since it can be a costly point-of-sale system when they later realize that they are paying way too much and are now stocked with their business software when there are more affordable options to explore.

Understand Volume Discounts

There are some processors that can reward increased processing by offering the account owners a discount once they can process a certain amount each month. There is no crime in being able to ask your processor about discounted offers since they may only offer them to larger merchants or enterprise clients while you may never even know it exists. With these discount rates, you get an offering for a merchant account with your approximate processing volume to get the conversation started with your processor. Do not panic; the process is straightforward.

Know How to Read Your Statement

It is not unusual for international merchant services credit card processing or payment processors to send you a monthly statement. While it may be overwhelming to take a look at the too many numbers on the statement and the urge to throw it aside, it is important that you learn the rudiments of taking note of numbers that matter. Make sure you review each statement before tossing it aside.

Conduct your research

There are important opportunities which allow you to reduce the total amount of money charged on your credit card processing. They may be available without your knowledge. Make sure you conduct in-depth research to have a full view of the package offered by the international merchant services credit card processing.


Contact us on how to minimize cost on your international merchant account. Our team of professional and friendly international merchant account providers will love to speak with you. Don’t forget to share this article.

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