What Is High Risk Payment Gateway?
In general, A business is considered as a high risk due to many reasons. But most commonly, it is based on two main conditions. It operates on high risk industry and and existence of financial failures. For example, weapons , drugs, Alcohol, Tobacco, Cigars, Gambling. Because, these industries come with a large amount of charge backs so, that it would make financially risky as well as considered as high risk. For many business credit card processing companies will not accept for High Risk Payment Gateway. Because, they will be responsible for all of the transactions happens in your business. Consequently, processors think that it is not worthy. In comparison to, others IPG has more benefits
Identically, if your business is having poor credit and it doesn’t involve in ideal industries then, processors will consider as a high risk.
NOTE: Disclose the products or services that you sell. Be honest with your payment gateway service provider. Are you looking for High Risk Payment Gateway for high business. What are you waiting for. Apply Now
Who is a High Risk Merchant?
Payment processing card associations define some online business models and industries as risky. Several factors can put your business into a high risk category, but the main reasons can refer to your chargeback ratio, returns, or payment processing history.
What are typical high risk verticals or business models? They are industries such as travel, adult entertainment, advanced bookings, forex, telemarketing, pharmacy, gaming, and gambling to name a few.
Our Services In High Risk Business.
E-commerce: It is the activity of buying or selling the products online services over the internet. e-Commerce draws on technologies such as mobile commerce, internet marketing and automated data collection systems. We service for this kind of business. But make sure you disclose all products you sale in the agreement. Payment Gateway is mandatory for e-commerce business.
Dating Services: This kind of business have legal issues. It depends upon credits and charge back ratio processor will decide. But, IPG have services for these kind of business.
Financial Services: Professional services involving the investment, lending, and management of money and assets are known as financial services. These services include credit card companies, insurance companies, stock brokerages and many more.
Software: It is the commercial activity of the software industry, aimed at producing, buying and selling software products or services. This business depends upon strategies and logical building. This is completely different from other business.
Bitcoins: Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a block chain. It may fall anytime. In that case, financial failures may occur.
Foreign Exchange: It is an institution or system for dealing in the currencies of other countries. The Forex market is the largest, most liquid market in the world, with trillions of dollars changing hands 24 hours every day.
IPG supports all kind of high risk business except weapons making companies, drugs business. Because, they have legal issues.
Providing Solutions For High Risk In IPG
Easy to integrate with payment gateway. We have most Shopping cart Modules available. Our API is easy to use, enables merchants to process consumer payments.
We accept all Global Debit, Credit and Prepaid Cards on our Safe & Secure Payment Platform. Our processor will detect that the business is in high risk or low risk. So, don’t try to make fool.
PCI DSS details security requirements for businesses that store, process or transmit cardholder data. Our payment gateway is fast and secure. Transaction of money will be settle down within less time.
Trust-able Payment Gateway
Generally, Payment Gateway process with Dedicated Merchants will propel your business with lowest rates in the industry. Moreover, Our service providers will help.
We offer Address Verification Services, Payment Brand Data Security and Card Security Verification. If you are in high risk , comparatively you will be charged less. IPG will help you at any time
Frequently Asked Questions
How does high risk payment gateway works?
High risk Payment gateway works same as standard payment gateway. But, In case of high risk most of the companies will not accept merchant accounts. Because there are very less charge-back ratios. We, IPG will give payment gateway for high risk businesses also
What is a charge back?
A charge back occurs when a customer disputes a charge on a statement by contacting the credit card company instead of contacting the merchant. The customer will be refunded money directly through the credit card company and the merchant’s checking account will be debited. Ask your account representative about proven methods you can use to reduce chargebacks
Are start up companies accepted for high risk businesses?
Yes, We will give payment gateway for start up businesses except weapon businesses, drug companies.