Our National and International Connections with Acquiring Partners gives us the edge to offer Reliable Credit, Debit and Echeck Processing to almost every industry.
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Any progressive business wishes to grow multiple folds. What will you do if you hit a bottleneck in terms of payment processing. Yes we are talking about monthly sales volume of the merchant account. To reduce the credit risk most processing companies will limit your account the moment it reaches a specific threshold. This is called monthly approved sales volume. In this situation you will need a high volume merchant account. If you work with a direct acquirer then the chances are that you will offer a high volume merchant account and they will not suspend your account as it reached $25,000.
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Any progressive business wishes to grow multiple folds. What will you do if you hit a bottleneck in terms of payment processing. Yes we are talking about monthly sales volume of the merchant account. To reduce the credit risk most processing companies will limit your account the moment it reaches a specific threshold. This is called monthly approved sales volume. In this situation you will need a high volume merchant account. If you work with a direct acquirer then the chances are that you will offer a high volume merchant account and they will not suspend your account as it reached $25,000.
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Some industries are considered high risk as per the viewpoint of financial Institutions. Few of the most common industries in the high risk sectors are listed below Online Dating CBD Oil Limousine service providers Marketing companies Web design companies High ticket items Forex Cryptocurrency Professional Services Adult entertainment Seminar tickets NGO Charity Timeshare High Volume Merchants To get a credit card payment gateway for the above stated business you must approach a company that offers high risk merchant services. These processing firms implement various filtering tools that reduce fraud and chargeback ratio. They also proactively monitor accounts and take preventive actions. With high risk merchant services you will be able to accept all major credit and debit cards on your website. If you are in the European Union, Canada, United States and New Zealand then there is a huge possibility that you may also get access to a virtual terminal for Moto transactions.
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Businesses and banks located in the United States of America have been using paper as well as substitute checks for a long time now. Unfortunately in 2019 most banks are extremely cautious about return ratio and nsf percentage. High return ratio can also result in bank account suspension. Many banks are no longer accepting substitute checks for sales made by merchants from few industries. This is the key reason why many merchants are using high risk echeck solutions these days. With this kind of solution the merchant signs an agreement with a the third party High risk ACH payment processor. The high risk echeck processor covers the entire risk by implementing various fraud and risk reduction techniques. The funds are initially settled into the bank account of the processing firm. After deducting the transaction charges the third party high risk echeck processor sends the fund to the merchants bank account.
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Credit Card processing companies have always been uncomfortable in onboarding replica merchants. Still, if you are looking forward to getting a replica merchant account, then you can evaluate echeck as an alternative. Based on our limited understanding, this is the only way you can accept payments for replica products. Please keep in mind that each ACH processing company follows underwriting principles, and they may not say yes to every replica merchant. The process of applying for a replica merchant account is simple. You will have to find a cheque processing company that onboards replica merchants. You have to send your application along with KYC documents to the processor. The processing company will evaluate your form and KYC documents after that, they will also check your website. They will see what kind of product you are selling, and they will ask you questions if there are any. If they are comfortable in accepting you as a Merchant, then they will send you a merchant account application form. After signing the agreement, you will be able to get logins to the gateway. This way, you will be able to integrate the replica merchant account for echeck processing on your website as well as you will have access to the virtual terminal.
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Processing high risk payments requires massive risk appetite. Many financial Institutions refrain from onboarding merchants that are classified as high risk. Banks, PSPs, IPSPs, ISOs and Acquiring firms are usually comfortable in onboarding low risk merchants. Having said that it's not so difficult because many processors are looking forward to assist merchant like you. These processors may charge slightly higher transaction fees. You will have an option to accept payments online. You may have to accept one additional term of delayed payout. Start today with high risk processing.
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Businesses that are categorized as high risk are usually rejected by conventional payment service providers. These high risk merchants should approach PSPs that offer high risk merchant solutions. There are two major processing modes that are used by high risk merchants. The first mode is a high risk credit card merchant solution option with this merchants can accept payments over the internet as well as over the phone. The second option is high risk echeck merchant solution. With this option businesses can easily accept echeck as well as ACH transactions on to the website and over the phone. All solutions come with readymade plugins and easy to understand API document.
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Not every processing company offers solutions to high risk merchants. Every processor has a target market. Very few processing companies offer merchant processing to high risk businesses. Unfortunately it's not easy to find these processors. You may need to work closely with a high risk merchant processor brokerage company. These companies already know the processing firms that are comfortable in onboarding you as a merchant. Please keep in mind that these high risk merchant processors may charge slightly higher transaction fees in comparison to low risk processors. You may have to accept rolling reserve or a fixed reserve. The reserve works as a cushion of comfort for the High risk credit card processing company.
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Getting a CBD merchant account in the United States of America is still a challenge, but if you're looking forward to getting one in the European Union, then it may be a lot easier. The best approach would be to find a high-risk merchant account provider that caters to the payment processing requirements of European CBD oil companies. Please keep in mind that these processing firms may not approve businesses that sell products with over 0.2% of the concentration. When you make an application ensure that you give detailed information about your business. It will help the Credit Card processing company to understand your profile better. Please make sure that you send copies of all the required KYC documents. If you are still looking forward to getting a payment processing solution for CBD in the United States, then you can evaluate Echeck and ACH.
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Quadrapay provides reliable, cost-effective merchant services that help e-commerce, and retail businesses succeed and thrive. It also provides the best payment methodologies to assist merchants in obtaining high risk and offshore credit card processing solutions. Today, Quadrapay is one of the industry’s leading high-risk merchant account resellers worldwide. As an e-commerce merchant, you can sell your goods to customers worldwide. You can become subject to unnecessary fines from exceeding your monthly processing limits. This is because acquirers set their own volume caps. Local banks also often make it difficult to reach your full earning potential by establishing lower limitations. However, Quadrapay supports high volume credit card processing by helping you open internet merchant accounts through offshore acquiring banks that have very generous volume caps.
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Financial institution always calculate the risk before onboarding any merchant. Some categories are prohibited but for merchants from restricted categories PSPs can analyze the application on a case-by-case basis. These restricted businesses require a special processing solution which is known as high risk merchant account. Merchants may be classified as high risk because of various reasons some of these are listed below.
Line of business
Type of product being sold
Age of the business
You will be happy to know that many payment processing companies offer payment services to high risk merchants. You may have to pay a slightly higher transaction fee than a low risk processor. With high risk merchant account you can start accepting Credit, Debit, Echeck, ACH and EFT payments on your website as well as over the phone.
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Woocommerce is certainly one of the most popular shopping carts in the year 2019. It's extremely easy to establish a wordpress website. The process of adding a Shopping Cart is straight forward. All you need to do is download the woocommerce plugin and activated on the wordpress website. The challenge is not to establish a woocommerce platform but the biggest challenge is to get a high risk payment gateway for woocommerce websites. Depending upon the kind of product or services your selling or the credit score of the business owner your payment processing company may rate you as a high risk merchant. At that point in time you will require assistance of a high risk payment gateway that works with woocommerce websites.
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Merchants based in the United States of America usually face problems in getting processing solution for high risk businesses. They can approach Offshore high risk merchant account providers. These payment Institutions offer services by charging slightly higher transaction fees. Business owners can process transactions the same way as they would do with any domestic processor. These solutions come with readymade plugins that can be easily integrated onto the merchant's website. After the integration and approval process, these business owners can quickly start accepting well-known credit debit cards on the site. After transacting with the offshore high risk merchant account processors for a few months, these business owners can immediately approach local or domestic processing institutions. The chances are that they would be interested in relooking at your processing statement. If your processing statement shows low chargebacks, then the chances are that domestic acquirers will say yes. If you do not have any processing solution, then we strongly recommend you to switch to Offshore high risk merchant accounts and start processing.
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If you wish to grow online then you must accept payment through various modes like credit, debit, echeck and ACH. Having said that what will you do if banks say that you are high risk merchant. This should not become a roadblock. You should approach a high risk payment gateway provider. These payment processing companies do offer services to businesses that are usually considered restricted or high risk. There can be multiple reasons that raise the risk profile of a merchants. Some of these factors are listed below.
The line of business
Age of the business
Background of directors
Credit score of the business owners
Financial standing of the business
Monthly sales volume
Average ticket size
No matter what is the case you can still get options. With high risk payment gateway you will be able to accept payments online. Most of these high risk payment gateway companies offer ready to use plugins for well-known shopping carts like woocommerce, Magento and Prestashop.
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CBD merchant processors cater to the Credit Card processing requirement of CBD oil merchants. These companies follow strict underwriting principles and risk analysis processes. Presently getting a merchant account for CBD oil in the United States is extremely difficult having said that you can still get a processing solution from the EU. There are a few conditions. Your company must be in the European Union. Directors of the company should be from the European Union. You should sell products that have less than 0.2 % of THC concentration. All your product should be lab certified. The processing company will ask you for the copies of the lab certificate.
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It is a tough task for businesses to have a merchant account opened by a financial institution. The risk associated with the merchant account is dependent on the type of business you are running. The presence of “high-risk merchant accounts” catering to companies in high-risk industries is nothing short of a blessing for them.
Quadrapay is specially designed for High-Risk merchants like It Support, online pharmaceutical, dating websites and many others across the world. Quadrapay’s high-risk solution is the perfect solution for payment gateway across several countries. Their team boasts of years of experience and specialized knowledge in the area of high-risk merchant account Europe or credit card processing for the high-risk industry. This global merchant services reseller company, with its national and international connections with partners, offers reliable credit, debit and e-check processing to almost every industry.
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Quadrapay is a global merchant services reseller company. Our National and International Connections with Acquiring Partners gives us the edge to offer Reliable Credit , Debit and Echeck Processing to almost every industry. No Matter if you are located in the USA, Australia, Latin America, EU or Africa. We have the capabilities of getting the right payment processor for you.
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