How Web-Merchant Helps High-Risk Merchants

Friday, July 27th, 2018

What is a merchant account, and why does my business need a payment gateway? A merchant account is an account that allows your business to accept and process your customers’ credit and debit card payments. A payment gateway plays a major part in this service; it securely sends credit card information from your website to the credit card payment network for processing. Then, it returns the transaction details and responses from that payment network back to the website. If you want your business to be able to accept credit card payments online or on a mobile device, your business will need both.

Why some business need a high-risk merchant account

Your next question might be, how do I get a merchant account if banks are unwilling to work with me? Many business types and industries are considered to be “high-risk”. The reason can be anything from being a business startup and having no credit to high chargeback rates and industry risks. Whatever the reason, you still have options available to you. You will simply have to seek providers that specialize in offering high-risk merchant accounts.

Where to find a reliable high-risk merchant account

If you need a high-risk merchant account, the best place to start is to pour through reviews – like the ones Best Payment Providers offers – and compare providers. Consider Web-Merchant, for example. Web-Merchant has over 20 years of experience in helping high risk businesses accept card payments through high-risk merchant accounts and payment gateways.

If your business has been categorized as high-risk by another provider or if it has been impossible to obtain any merchant services from any online card processor, Web-Merchant can help. Their industry-leading services are available to a long list of business types. Here are just a few of them:

  • PPI Claims
  • Tobacco and Cigars
  • Nutraceutical
  • Collection Agencies
  • Credit Repair
  • SEO Services
  • E-Cigarettes
  • Web Development

But my business is considered very high-risk. Web-Merchant still has services to help you. The following business types are typically considered very high-risk, but Web-Merchant still provides a high-risk merchant account for processing:

  • Cannabis and MMJ
  • Research Chemicals
  • Tech Support
  • Peptides
  • Binary Options

Web-Merchant’s Features

Another advantage of Web-Merchant’s services is that you can easily integrate your e-commerce website. You also benefit from 24/7 technical support. A comprehensive online portal also enables you to easily test your website and ecommerce integration.

If you want to provide the service of processing payments over the phone, you can also use Web-Merchant’s free virtual terminal for MOTO payments. There are no additional monthly fees, and you are provided with a secure browser-based terminal for processing.

The biggest benefit is the simplicity of the application process. If you want to get started, you can quickly complete an online application form for the high-risk merchant account and gateway. Within 1-2 business days from submitting the form, you will be contacted. With Web-merchant, 95% of businesses are accepted for high-risk merchant accounts and gateway.

If you need a solution for your payment processing needs, check out the many reviews and information Best Payment Providers has to offer.

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