HIGH RISK PAYMENT GATEWAY

In this era where the businesses are working on eChannel platform while dealing with the customers from around the world and providing them services through eNetwork to accepting payments through same network. Because of their category of business are been considered as the highrisk businesses with several other factors included. These businesses need more digitalised services to maintain the stability in the fluctuating and competitive market. To run the businesses smoothly these highrisk businesses need a channel of a highrisk payment gateway to have stability on the ecommerce platform.

The business is considered as a highrisk business if it is associated with any of these 2 factors: 1. If it operates within highrisk industry. 2. If it has enough risk of financial failure. With their association with these 2 factors these businesses normally don’t get to be supported by the banking regulatory or any financial institution.” Now nobody wants to bear loss do we? “ so these businesses get supported by the High Risk Payment Gateways to process all the money related transactions on their platform.

• If you are branded as terminated merchant because of high chargebacks.
• You are a startup
• High chargeback ratio
• Provide subscription based products
• Bad credit history 

PAYMENT GATEWAY

An ePayment gateway is a subway that connects your bank account to the platform where you need to transfer your money. It performs an important role as a third party that offers you to transfer money securely from a bank account to a merchant account.

Example: if we buy a book from a e-commerce website like amazon, then while making the payment for that book, an ePayment gateway helps you in the process by processing the money transaction to amazon.

HOW THE PAYMENT GATEWAY WORKS

1. Its main objective is to secure the sensitive information given by the merchant throughout the process.
2. It ensures data encryption like card and bank details provided by the merchant.
3. The merchant places his her order and then presses the submit or checkout button on the website.
4. Once this works the web forum takes the customer to the payment gateway where he or she enters all the required information regarding the bank or the card details they are using for payment. The payment gateway then takes the merchant to the issuing banks or to a 3D secured page asking for the transaction to be authorised.
5. Once the payment gateway gets the approval for the processing the bank then checks whether the merchant have sufficient amount of balance in the account to make this processing successful.

Online Dating Merchant Account

The rise of eNetwork and subtle changes in the voguish(contemporary)lifestyles online dating has gained blimp of popularity among aspiring lovers of all ages. With long working hours and increasing mobility has dissolute the traditional mode of socialization as today people use chat rooms and professional dating services to find their partners. Romance seekers are turning away from traditional and expensive strategies of meeting people and are opting for less spontaneous but cheap online dating services that allows them to find their soulmate at the convenience of their mobile phone. This popularity has given businesses the need to acquire an online dating merchant account.

“Love defies all calculation” and so does this business as it has acquires enormous audience from around the world the lovers are now preffering to find their soulmate with the help of this subscription based business sites or app which provide them the service to choose partners according to their taste preferences, liking across the globe. There are many popular sites like: OK CUPID, TINDER, DATEIN ASIA, SINGAPORE LOVE LINKS.COM, BADOO etc. that offers a customer to use the services on the subscription based network. If you are a merchant and own a website you must be aware of how this business works. with working on a eChannel network for your subscription business you need to own an Online Dating Merchant Account that allow you to process the transactions on their platform.

MERCHANT ACCOUNT

This business being the high risk Gateway could not be approved by the local banking or government authority let alone the platform to get approved for credit card processing for this business the merchants need to get approval form the fintech cooperation’s that provide them with the services same as the banking. As for the merchant account, It is simply an account like any other bank account that helps you transfer funds from your customer’s credit card purchases after it has been processed.

FEATURES

• Credit Card Processing with various card networks like: Amex, VISA, Discover etc.
• Secured processing with their PCI-DSS Compliance feature.
• Chageback protection
• ACH processing
• Low processing fees
• Longterm credibility
• Hassle – free approval

PROCESS

• When you want to start an online dating site you will need an online dating merchant account.
• To get an eMerchant account a merchant had to have a processing history of 3 previous months. Listing total sales, chargebacks, returns and refunds.
• Account may get into 5-7 business days.

DOCUMENTS

Incorporation certificate

Shareholders certificate

Copy of passport and utility bill of directors

Processing history of last 6 months

Banking statements of last 6 months

Website domain proof.

INTERNATIONAL PAYMENT GATEWAY PROVIDER

With the emergence of new technology and the enumeration towards digitalization. There are businesses that choose to emanate on a more digitalized platform of eCommerce. The businesses these days are not bounded to the limited boundaries in terms of sales they are eagerly upsurging on the platform of globalization to aggrandize their customer base to amass their sales. Within past few years of these businesses working on an ePlatform had gave nothing but satisfaction to their customers. But, working on an ePlatform doesn’t come an easy way. If you are working on an ePlatform you need to accept eMoney through the network of ePayments platform. These platforms are nothing but a Payment Gateway Provider that that gives you a chance to process all your eMoney transactions on their platform with the help of credit card processing. If you are an eMerchant you need to accept payments through credit card processing. As considering you and your business are exposed to the global market while dealing with multiple countries in their multiple currencies. You need a reliable solution a perfect INTERNATIONAL PAYMENT GATEWAY PROVIDER to fulfil the requirements of your business.

INTERNATIONAL PAYMENT GATEWAY PROVIDER

Nowadays the customer base has enlarged for eBusinesses. The eBuyers make a purchase online on an eCommerce website and make payments online with their card networks to make the transaction between the buyer and seller safe and secure the international payment gateway providers play a critical role in the transaction process.

WHY NEED AN INTERNATIONAL PAYMENT GATEWAY

• MULTIPLE PAYMENT MODES: This includes Credit Debit card processing, eCheck processing and other payment modes.
• MULTICURRENCY PROCESSING: Accepting payments in multiple currencies- American Dollars, Euros, Canadian Dollar, Yen etc.
• EASY INTERFACE: Their POS terminal used to accept payments by card or by phone.
• SECURE PAYMENTS: If they are using SSL encryption, PCI DSS Compliant.

FEATURES

• CHAREBACK PREVENTION: The capacity of handling chargeback for a highrisk business must be from 0.95%.
• EASY API INTEGRATION: A payment gateway API integrates with your existing digital process to connect your company’s checkout system to a payment acquiring network.
• PRE-AUTHORISATION: Saperately authorizing and capturing money on card transactions. This helps in delivering a better customer experience and reduces chargebacks.

An international payment gateway helps to secure your business and boost up your product sales to grow in the international market while building a trustworthy relationship between your business and your customers.

OFFSHORE MERCHANT ACCOUNT

Buddies! A merchant account is a type of business bank account. The concept of merchant account is very simple it is like any other bank account which allows you to process all your electronic payments of card transactions easily on a platform of a payment gateway. All you need is a payment gateway to partner with a merchant acquiring bank which facilitates all in an electronic payment transaction. It is an account that helps you process in credit cards and accepts all forms of electronic payments. So as the concept of merchant account is clearer you must be thinking that the businesses are not being limited to the boundaries of the nation especial the eBusinesses which are more exposed to the tech world while working on a fully established technical platform they have acquired more customers from across the globe and not limited by the country boundary. They are more exposed to the world with dealing in the multiple countries with multiple currencies and multiple methods of payments. Well this is where you will get answers of all your thoughts this is where all businesses run smoothly while dealing in the eCommerce industry by acquiring an OFFSHORE MERCHANT ACCOUNT and processing all their transaction’s on a gateway platform.

WHATS AN OFFSHORE MERCHANT ACCOUNTS?

A type of bank account for eMerchant which was established in a non-resident country which allows a merchant to process payments through their website and allows other transaction processes. The incredible growth of eBusinesses organised through offshore company has changed the rules of the credit card processing. If you run an eBusiness you must be facing difficulties in finding merchant facility locally so an offshore merchant account is something that you should consider. The offshore acquiring  banks tend to take a more pragmatic view and are keen to earn your business and create a long Term relationship.

BENEFITS

No monthly processing volume limits-Domestic merchant accounts have limits on monthly volumes. As it will provide much needed flexibility and unlimited volumes.

Multicurrency processing– This features benefit the eBusiness merchants to increase in their growth and revenue.

 Multilingual services– Onshore resist issuing credit card processing facility in such a case offshore merchant account would be your best option.

Business legislation– Onshore jurisdiction could take a toll on your business while the offshore controls system is relatively more relaxed.

99% approval- No security bonds due to their perceived risk.

An offshore merchant account will help you increase your sales and grow your business. Acquire customers from all over the world by providing them the safest and secured credit card processing with the facility of wide range of networks to avail according to your convenience.

NO CHARGE BACK PAYMENT GATEWAY

DISPUTED CARD TRANSACTION

CHARGEBACK It is something like when your credit cards payment goes turnaround directly by the banks. You know if you are a merchant it’s really curbing to your livelihood because chargebacks are associated to your businesses and you have to deal with it often with or without your liking. The charge back is very prone to your business it is often cause by the perfidious consumers.

The chargebacks are similar to the refunds but during a chargeback the bank forcibly takes away the money from the business banks account. The merchant has no right to hold or stop a charge back as it is totally in favour of the consumer. The merchant don’t get to know of any chargeback beforehand. Chargebacks are for the protection card holders rights.

HOW CHARGEBACKS WORK

• No chargeback payments gateways are like any other gateway where once the buyer authorises the purchase the funds are guaranteed to the eCommerce merchants accounts.
• No sensitive financial information is disclosed to the buyer
• Having a no chargeback merchant account is particularly helpful for high risk merchants interested in reducing overall chargeback risk while giving customers another way to pay safely online.
• The merchants are especially vulnerable to chargebacks. the main reason acquiring banks classify businesses is due to an increased likelihood of chargebacks associated with certain industries.
• If chargebacks are initiated by consumers, the issuing banks almost side with the consumer rather than the merchant. The person initiating the chargeback is a customer of the card issuing bank. Therefore, it favours buyers rather than online sellers
• The online sellers are vulnerable to losing credit card processing merchant accounts when chargebacks exceed the ratios required to keep accounts in good position.

The Payment Gateway could definitely hold up a chargeback before it gets turned up in to a dispute.

We at Eskay pay with the help of our proficient legal team could save your business from a dispute turning into a chargeback by informed priory if the dispute has been filed. We for High risk businesses could hold upto 5% chargeback ratio.

International Merchant Account

International Business in the cutting edge world is subject to Credit card payments and any business that doesn’t acknowledge them is passing up a great opportunity a ton. Be that as it may, so as to accept the credit cards, you have to have a merchant account which may either be okay or a high risk account depending on the kind of business and its volume. In any case, all the organizations that are offering buys on the web or by means of phone are viewed as high risk businesses and require the high risk merchant account. 

For any seller offering their product to a wide scope of individuals the whole way across the globe, Visa holds the way to progress. Be that as it may, the Credit card has a risk of fraud or abuse and the customer may document a chargeback. Attributable to the odd one out in universal business that don’t offer the ideal types of assistance to the customers, the Visa organizations have offered a time of a half year for recording a credit back by virtue of any unacceptable products or services. This chargeback likewise fills in as a security feature against the risk of Visa being abused. Actually, the chargebacks are a threat for the business and genuine awful to look on your business history sheet. This makes issues for the payment processor and the business needs to pick an international merchant account that is good with the high risk. 

Advantages of International Merchant Account 

International Merchant accounts are incredibly helpful in light of the fact that they permit a business to accept Visa or credit card transactions from around the globe for extremely ostensible charges. A couple of the significant points of interest of this account are:- 

1. Monetary standards of all groups can be acknowledged from around the world 

2. The multi-cash web based business transactions are conceivable and the offshore business can likewise flourish. 

3. The choice for leading business through on the web and phone showcasing is advertised. 

4. Features like shopping basket shopping and fraud screening forms are inbuilt in International Merchant accounts.

Tips for Opening International Merchant Account 

1. Utilize the international to find a very much rumoured specialist that manages high risk merchant accounts. 

2. Ensure that the specialist is good to go for in any event 2-3 years as an operator with no previous history may attempt to trick you into a scam 

3. Try not to be paying anything for handling your application as the great operators charge you just once your application has been approved. 

If you are really looking forward to this you can consider High Risk Gateways to get assistance for International merchant accounts.

Read our another blog post : International Merchant Account