Best merchant account for high risk ecommerce fast approval in 2019. This is a hot subject as more countries open up to new services. High-risk merchant accounts are a group of finance services that allow companies to receive card payments from clients. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face reduced options in processors, plus raised fees and harsh contracts. Being named as high-risk looks terrible. But in some scenarios, it can be your best option. We have been discussing about multiple points of view of the high-risk merchant account industry for many years and have almost sure touched on most, if not all, of the most deciding issues. Here are some more tips on high risk merchant processing.

High risk credit card processor : Soar Payments provides excellent customer service along with a good selection of pre-planned service packages. The company strives to be transparent in its costs, providing simplified, “no-haggle” pricing.

Many financial service providers do business only with with low-risk businesses, who they see as a safer investment. That means businesses considered high-risk will have a very small selection of potential processors to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents. It’s virtually impossible for online shopping merchants to operate without receiving payments from credit or debit cards. Before you can take “plastic,” you need a payment processor who acts as a link between you, banks, and credit card networks. Read extra info at High risk merchant account card not present.

Instabill was one of the better high risk merchant account providers we came across in our search. Their customer support agents were very clear and forthcoming with information. One thing to note is that Instabill is not cheap. For example, a Tech Support business would need to pay 4.95% + 0.25 plus the interchange fee for every transaction. That is significantly more than what non-high risk merchants charge, and even slightly higher than other companies on this list. However, this is unavoidable in high-risk industries. The reason we were pleased with Instabill’s offer was due to how easy it was to get pricing information in the first place – something that can’t be said for a lot of their competitors. Instabill does not post any of their prices online, since the cost will be highly dependent on the industry and bank involved in setting up the merchant account. However, you can get a quote by speaking with a sales representative and obtain a quote very quickly.

We worked with all of the high risk credit card processors, to be able to compare and a strong choice is iPayTotal. They cover all business types, have a huge experience in the field, fast customer support and low fees.

We believe in fostering real long term relationships with our clients, and always go the extra mile to make sure our customers are happy. We offer 24/7 technical support to ensure that when a problem arises, it can be quickly and efficiently addressed by one of our professionals. We want you to do well and your business to grow. We believe it is of the utmost importance that the needs and expectations of clients are systematically defined and translated into prerequisites that are fully met, through the correct application of the Quality Management System in order to always ensure the highest degree of satisfaction. Source: https://ipaytotal.com/ipaytotal-high-risk-merchant-account/.