STARTING UP A HIGH RISK MERCHANT ACCOUNT

iPayTotal focuses primarily on both online gaming merchant accounts and internet based gaming payment gateways and provides the top gaming merchant account in the market. iPayTotal’s group of experts in gambling online payment processors always work with with providers to ensure you can get the great for your organization needs.Via dedicated gaming acquiring partners, we offer you all you need to accept gaming card payments and pay out winnings easily and securely. Our feature rich dedicated gaming solutions are fully flexible and possess been designed to deliver value and growth to your business.

Processing account is often a contract from the business plus a bank or a financial institution. This contract means that the bank accepts payments for your goods and services on the part of the business. These Merchant acquiring banks helps to ensure that a merchant or company can accept payment from international customers for that products or services they deliver. Thus merchant credit card accounts form a vital part of the E-commerce business.



There’s two types of merchant credit card accounts. First could be the normal account, the location where the merchant can directly connect to the card and ensure that it is a legitimate customer, thereby the chance involved is minimal. The second form of credit card merchant account requires the accounts where it’s not at all easy to visually testify the customer. Most of these accounts include porn merchants, online tobacco merchants, replica merchants, internet gambling merchants, pre-paid calling merchants, VOIP merchants, multi level marketing merchants, or any transaction that can place using the customer physically not present. Thereby, the potential for fraud activity is really a lot greater using this type of business which results in classifying most of these accounts as “high risk” ones. Naturally, these high risk merchant services present the risk of the dreaded charge backs for that banks under consideration. It has been proved by various researches the dangerous processing transactions tend to be more vulnerable to fraudulent transactions.

These 4 elements considerably decrease the variety of banks ready to use up extremely high risk processing accounts. These adversely impact the applying company in configuring payment processing accounts. They generally come across a situation the location where the banks generally decline their application, or impose high restrictions around the account transactions which virtually can make it impossible to conduct normal business. Even if a merchant has established a repayment processing account having a bank, he can do not be sure the connection with all the bank is secure. The lender might revise their underwriting criteria anytime, and suddenly merchants are facing a situation in which the payment processes adversely affect their business.

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