We at iPayTotal Ltd. specialize in High Risk Merchant Account, High Risk ACH processing, and High Risk merchant services. We approve practically every business type, even if you have been turned down for payment processing. With more than a decade of experience, our team is here to help. Even if you have been shut down by your current processor, we have a high risk merchant account solution for your particular situation. We’re available to answer any questions and provide ongoing continued support for our valued customers.
In this digital era, if you want to make your online business successful you need to facilitate your customers a payment method that enables your customers to complete online payments for the goods and services purchased in quickly and safely manner. The major card networks (Visa, Mastercard, Discover, and American Express) charge interchange fees to utilize their system and the Merchant Service Providers (MSPs) charge processing fees to associate the card issuing bank to the acquiring bank through payment processors like iPayToTal. Since the high risk merchant account provider and the processor expect most of the risk during a transaction, they charge fees for their services as the interchange fees that the card networks charge. As any smart business who takes risk would do, these organizations attempt to reduce their risk by forcing higher premiums on merchant accounts that are considered risky.
Generally, a high-risk merchant account is a business or an industry that is famous for chargebacks and fraud, borders on the legitimateness or is viewed as risky by affiliation. But there is no need to worry. We will dive into the details of what all that implies in no time, so continue reading.