2020 was a year of challenges for business owners who struggled to keep their business in the middle of a global crisis. It was also a time of new strategies that proved to merchants the importance of having an e-commerce platform to overcome the barrier of card-present transactions.
Statistics show that in the US, e-commerce retail sales accounted for 16% of sales in the second quarter of 2020. In the UK, the number rose to one-third of all retail sales in May 2020.
A merchant account allows you to process online payments and accept alternative payment options such as cryptocurrencies and multi-currency processing. However, you need a payment service provider to process payments, especially if you are a high-risk merchant.
In this article, you will learn the benefits of using a payment service provider.
Multiple payment methods support
Multiple payment options are one of the best tools to achieve customer satisfaction. The payment environment changes fast, but a payment service provider can offer you the chance to explore multiple payment alternatives beyond debit and credit cards, such as cryptocurrencies, contactless payments and digital wallets.
You can also process multi-currency payments, grow your business by selling products and services worldwide and increase profit.
At iPayTotal, we can help you gain access to more significant markets and more clients. We provide offshore merchant accounts and high-risk merchant accounts that allow you to process payments worldwide.
Secure platform for your transactions
Security is a significant concern for both merchants and customers. It is essential to feel safe while online shopping to avoid chargebacks and to reduce fraud risks.
A study showed that an estimated £359.3 million of e-commerce fraud took place on cards in 2019, accounting for 76% of total remote purchase fraud.
Choosing an experienced payment provider, with advanced and effective tools, such as iPayTotal, you reduce the chances of fraud actions or scams during the operations. We use 3D secure processing technology, which offers an extra layer of security for your transactions.
Full support to obtain a merchant account
A reliable payment service provider, like iPayTotal, can help you find the best and most suitable alternatives of a merchant account for your business. Our team works diligently to find customised solutions to suit your needs and match your merchant business with the right acquiring bank.
Our support team is also available 24/7 to answer any questions you may have and guide you from day one.
Reliable and experienced payment service providers, such as iPayTotal, can help you find the best merchant account solution to start processing payments with an easy and fast application process.
Contact us today at iPayTotal and find out more about our customised solutions for high-risk merchants.