How to Choose Between a Merchant Account and PayPal for Your Business?

When opening an online business you have two main choices for accepting debit and credit cards available. The first is either a Merchant Account or a PayPal account. Choosing the best one for your online business will depend on a few factors, one of which is the number of transactions you will have, how customized you want to make the checkout process and the budget that you are working with.

Here are a few differences to a Merchant Account vs. PayPal:

When a customer makes a purchase through your website and you have set up a PayPal account then they will be redirected to PayPal to complete the process. They simply enter in their card information and PayPal then uses their own merchant account to process the payment. One set back to this method is the fact you do not have total control over the checkout experience. PayPal also charges a percentage for each transaction instead of a monthly fee. While it is true that more people that choose to shop online are accustomed to use PayPal, extra steps required during the shopping checkout can lead to purchased being left behind. PayPal is also unable to calculate specific shipping and depending on your business type this can become an issue. Should PayPal suspect any fraud they will lock your account while you work to resolve the issue and you will not have access to your funds.

When setting up a merchant account this is done at either a bank or another type of financial institution and a payment processing company is used as well. There are financial institutions that provide both merchant account and credit card processor as well like IBS. The payment processor works like PayPal in that they take customers credit card information through your payment gateway on your website. Once the processing has been completed then the funds are added into your bank account. This process takes typically two business days. In a merchant account vs. PayPal you get your money faster. With PayPal you have to wait for the funds to be added to your PayPal and then transfer those funds to your bank account which can take as long as a week. It is true that a normal merchant account will charge a monthly fee, however, it is more flexible and PayPal is unable to match it. Merchant accounts also offer a way to set up your shipping options the way that you want.

A merchant account will also give you peace of mind by giving you a secured payment gateway and customer’s data is protected because their information never leaves your website. PayPal on the other hand has policies that are different in regards to customer’s privacy. PayPal is open in stating that they share customer information with eBay, their parent company, and third-party market research companies.

PayPal is the most common payment solution for small businesses that are looking for a faster way to accept credit cards and a merchant account is ideal for those that want and need a more flexible solution and options for their business. These are the options that are available to you with a merchant account vs. PayPal.

There are several merchant account providers that offer comprehensive merchant account services and secure payment gateway system like InstaBill, International Bank Services (IBS), WorldPay, Sage Pay, etc. Choose the right one for you and let your business flourish!

Accept payments with Online Gambling Merchant Accounts

In the land of booming e-commerce business, credit card processors and merchant account provider options are endless. However, if your business happens to be categorized as high-risk by banks and financial institutions for any one of the numerous reasons, these same options dwindle down to half and you start feeling lost.

Businesses like Online Gaming, Online Pharmacies, Health and Wellness Products, Call Centers, Dating websites, Forex, Nutraceuticals, Travel, Adult Websites, etc. are considered high-risk due to their business background, high possibility of chargebacks, refunds or frauds.

All of the above businesses face difficulties in setting up an ordinary merchant account in order to accept payments. For such merchants, a High-risk Merchant Account is considered to be the best option. There are various merchant account providers offering High-risk merchant account services. Instabill, International Bank Services (IBS), Chase, SagePay, WorldPay, etc. are some of the best high-risk merchant account providers in the market.

Online Gaming Business

Online gaming is one of the fastest growing businesses with the largest online traffic and ever-increasing revenue in the e-commerce space. And it is predicted to grow even further. Online gaming business includes Online gaming or gambling, poker, casinos, sports books and social gaming.

In spite of being, inarguably, quite a profitable business, banks and traditional institutions shy away from offering their merchant account services with major reasons being high chargeback ratios and possible legal issues.

Online Gambling Merchant Account

Do you run an online gaming or gambling website? Looking for the best way to accept world-wide payments online without much hassle? Surely you must have faced numerous rejections by now. Fear not! Do not think you cannot secure a merchant account just because of your high-risk tag. Look for payment service providers who specialize in high-risk businesses. You can also choose among those who provide business-specific services, in your case, a Gambling Merchant Account, like IBS.

Merchant account providers who provide specialized gambling merchant account services along with a payment gateway are your best bet. They help legal online gambling merchants to accept credit card payments safely and efficiently.

Gambling merchant account providers understand the nature, challenges, demands and requirements of an online gaming business. IBS, for example, provides expertise and educates merchants to take necessary measures with fraud protection by detecting potential chargeback threats.

These service providers have years of strong banking relationships all around the world and therefore help you obtain gaming merchant account with quick approvals and no initial set-up fees.

Customized solutions that cater to your business size and type are one of the most beneficial features of a gambling merchant account.

Some major benefits of a gambling merchant account include:

Real-time processing of payments
Multiple currency payments and settlement option
Accept all major credit cards
Fraud prevention tools with secure payment gateway

Make sure to check whether your business is compatible with the gaming merchant account of your choice and start accepting secure online payments from players across the globe with Gambling Merchant Account.

International Bank Services (IBS) with several years of expert merchant account solutions is an industry leader providing comprehensive and customized gaming merchant account and gaming payment gateway services. Come and enquire with us for further assistance!

Adult Merchant Accounts with No Set Up Fees

Adult related businesses and websites can find it very difficult to get approved for a merchant account. 95% of the Credit Card Processing providers consider adult related businesses on their restricted list and will not offer them accounts. Most of the remaining 5% charge these merchants outrageous fees and hefty up-front “registration” or “set up fees”.

If you own an adult related business or website and you’re looking for a more competitive rate or an account without registration fees, than you’ve come to the right place. IBS is taking over the industry due to their low rates and no registration fees for adult websites and adult retail businesses.

>> No Application Fees

>> No Registration Fees

>> Lowest Rates Guaranteed

>> Multiple Gateways to Choose From

Adult Merchant Account websites are our specialty, don’t waste your time and energy applying at multiple banks and processors, just to be turned down or overcharged. We strive to offer our merchants the latest technology and billing features tailored for the adult industry. Our knowledge and expertise will ensure that your website and merchant account are set up and integrated correctly.

Below are just a few of the adult accounts we support:

Adult Novelties and Toys
Live Chat & Skype Rooms
Streaming Video and Hardcore Adult Content
Adult DVD’s, Books, Cartoons, Mp3’s and Downloadable
Sexual Enhancement Products
Webcams & Live Entertainment
Exotic Dancers & Entertainers

High risk is our business and we understand your frustration and we’re here to help. IBS makes payment processing for the adult industry easy. We have thousands of satisfied clients and we process thousands of pounds in credit card payments every month for the adult industry. Contact us today to learn more how we can help your adult website save money on payment processing.