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How to get a Merchant Account for Tech Support Business?

Undoubtedly, technical support is one of the fastest growing industries today. Tech support companies provide assistance and solve queries of users via e-mail or live chat. This industry includes call centers, telemarketing, remote computer repairs, etc.

Tech support companies have its own set of challenges, one of them being finding a reputable merchant account provider. Why? Tech support industry features in the high-risk category; the reason being high number of chargebacks.

However, Merchant account is an absolute necessity, no matter the type of business you operate. Boosting sales, secure online payments, multi-currency option are just some of the few advantages that a merchant account could offer.

Are you a tech support merchant and want to accept credit card transactions?

More often than not, traditional banks and financial institutions turn away tech support merchants due to their high vulnerability to risks and frauds. You may insist your business being completely legitimate yet these institutions will refuse to be hassled with setting up a risky account and losing money. And nobody wants to lose money!

Low monthly processing volume can also be a cause of rejection. Certain merchant account providers may be reluctant to put in the time and effort unless your business has a high-volume processing history.

Now, you may also find a seedy merchant account provider willing to take on your business but they may end up instead taking advantage of you if you are not too careful.

Lost hope yet? I have some good news for you! Turn to a High risk merchant account provider.

Merchant Account for Tech Support

Setting up a merchant account for tech support is a challenging task. Here are a few points to keep in mind while obtaining a merchant account:

– First and foremost, be ready with your paperwork that proves your business is legal and legitimate.

– Years of business operation and experience with your industry make a positive case for you since it gives the merchant account provider confidence that you know how to reduce frauds and can identify and handle potential risks.

– A positive credit rating is also required, meaning no bad or outstanding debts, bankruptcy, delayed payments, etc. A good credit report always helps in establishing your credibility and giving a positive impression to the merchant account provider.

– Most importantly, do not leave details of your past financial difficulties or experience with merchant account providers. Being honest about such details will only help you find a merchant account that will best suit your requirements.

– Lastly, find out about the merchant account providers’ rates, transaction fees and other costs. A must-ask list of questions about their services and features may come in handy here.

Instabill, WorldPay, International Bank Services (IBS), Authorize.net are some of the top-rated high risk merchant account providers that offer comprehensive merchant account services for tech support businesses.

Obtaining a merchant account for tech support may seem difficult but it is certainly not impossible!

12 Questions to ask a Potential Merchant Account Provider

A quick search of ‘Merchant Account’ will land you among a few hundreds of merchant account providers offering somewhat similar services with slightly different features. GSPay, WorldPay, IBS, Vantiv, etc. are some of the top merchant account providers in the market.

With such a wide variety of options available, choosing the right merchant account provider that also happens to be compatible with your business can be a confusing process.

Do not fear! With the right information and resources, you will be able to make the right decision.

Get on with your research and cut down your list to 2-3 potential merchant account providers that (somewhat) match your requirements. Now that you have a prospective list in hand, set-up an appointment and get familiar with the services each of them offer.

Here, listed down below are a few essential questions you need to ask your merchant account provider that will hopefully help you consolidate your decision.

Don’t sign on the dotted line until you have answers to the following questions:

Will I be able to process credit card transactions online as well as offline?
If yes, what are the different procedures for each and if there are additional fees involved?
In addition to Visa and MasterCard, what other major credit cards can I accept? Also, can I accept Debit cards, online checks, and foreign currencies?
If yes, what are the fees involved & what is the procedure for setting them up?
What are the fees for each of the following: submitting an application, account set-up, yearly maintenance, discount rate, per transaction, monthly statement, customer support, payment gateway access and chargebacks?
Are any of these fees subject to change?
Are there any extra costs I should know about?
What is the length of the contract and how much is the early termination fee?
Is the payment processing gateway compatible with the some major E-Commerce software systems and shopping carts?
Is your payment gateway PCI-DSS Compliant? What fraud prevention measures do you provide?
Do you offer 24/7 Customer Support Service?

And finally,

Why should I avail your services?

Be patient and do your research, you may just be able to land an excellent deal for your business!

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!

How to accept payments for your Online Gaming Business?

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.

Gaming Merchant Account

Do you run an online gaming 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 Gaming Merchant Account, like IBS.

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

Gaming 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 gaming merchant account.

Some major benefits of a gaming 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 Gaming 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!

How does Merchant Account help my small business?

Merchant accounts are essential regardless of the type of business you operate.

Merchant account is a kind of bank account for business owners. It specifically allows credit & debit card processing and various other electronic card payment transactions like gift cards. It acts as a middleman between the business and its customers while transferring funds.

Merchant account providers offer a number of tools and services that enable you to run the financial aspect of your business with ease while also further enhancing it. All of the benefits together give a significant boost to your business and assist in steady growth.

Some important features:

Today, businesses are spoilt for choice while looking for a merchant account provider. When choosing a right merchant account provider for your business, you should make sure that they offer these integral features –

Ability to accept payments via mobile

Quick and simple payment process

Data security and safe payment transactions

Customizable and flexible features

Continuous and quick customer service support

Merchant Account advantages that help business significantly:

-The popularity of credit and debit cards has risen dramatically over the years. Almost every other person uses some form of credit or debit card instead of cash. The ability to accept different credit and debit cards is the most important benefit that a business can achieve.

-It is a proven fact that people tend to be impulsive and spend more than average when they pay via credit cards than when using cash because they cannot see the money leaving their pockets. Business owners that start accepting credit cards often observe a significant increase in sales gradually.

-The additional benefit of accepting payments online helps to streamline your payments and improve cash flows. It simplifies the payment process and enables you to handle transactions with ease. You are spared of the long process of counting cash manually at the end of each day.

-Better cash flow management and forecasting are the main benefits obtained from employing electronic payment methods.

-Until merchant accounts there was no alternative to escape bounced checks. But now, open a merchant account and start accepting payments electronically. It is no longer necessary for your business to accept checks for payment.

– Now, if you are a merchant with an online business, you cannot afford to not accept plastic money. Majority of the customers always prefer to pay via credit cards when shopping online.

-With a merchant account you give customers the flexibility to make payments in numerous ways. Whether making credit or debit card transactions, online payments, mobile payments, etc. customers will be content and satisfied with the options available and the ease in making purchases.

After all, Merchant Account enables you to streamline your finances thereby improving overall business efficiency.

IBS Solutions for High Risk Merchant Account Services

If you run a high risk merchant account, and cannot find the right merchant account provider for your business needs we offer the best solution as we specialize in high risk merchant account, We offer the same kind of quality solutions to all of our customers without favoring any business.

Years of experience on your side:

With our best industry knowledge and strong banking relations, we provide services to 99.9% of our high-risk merchant account with the same instantset-up time, training and support all our customers deserve. Your business is our first priority and we will find the perfect solution for your business!

Strong relationships helping you:

Banks are located in the US and Europe. The wide choice of banks combined with our strong relations ensures you highly competitive rates on your accounts. It also gives you the opportunity to diversify accounts to minimize risk. High volume, big ticket items aren’t a problem with IBS – we negotiate for you with our relationships to help easy you though the acquiring process.

High Risk Merchant Account Features:

Real-time Payment Processing
Complete Account Management
Settle in Multiple Currencies
Easy to use Virtual Terminal
Repeat/Recurring Billing
Optional Deferred Payments
Transaction Fraud Scrubbing
Full Customization

Merchant account application:

To provide you with the best possible solution for your business needs we start with an application. By completing the given application, you are in no way obligated to follow through with opening your account. We use this simply as a way to get to know more about both you and your business.

If you submit the given application then we may provide you with the product or service you need. This is not a contract, but an introduction that allows us to service you.

How do I find the right merchant account provider for my business?

Consumer surveys indicate a major shift towards plastic money in the past decade or so. It’s safe to that credit cards are taking over cash payments. Businesses, especially e-commerce merchants cannot afford to lose customers by refusing electronic payment options. This is made possible with a merchant account.

Now, with the variety of merchant account providers available you might feel a bit confused and lost. But with the right information, you will be able to choose just the kind of merchant account provider suitable for your business. Here are some points to consider:

Study their services – Since you will be lost in a sea of merchant account providers offering services for every kind of business, be meticulous in finding the right company suiting your business needs, which has good reputation and reviews. Save time by asking the right questions and for credible references.

Reasonable rates – Understand and review the rates you will be charged for recurring, per transactions and overall servicing. Fees usually depend on the kind of business you operate. High-risk merchant account are charged higher due to the risk involved.

Carefully review the agreement terms with your service provider to make sure there are no hidden fees involved.

Technical tools – Make sure your service provider offers tools to manage frauds and chargebacks and also prevent identity theft by securing customer information. Customer security is extremely crucial with cybercrime on the rise.

If you have been classified as a high-risk business by your merchant account provider, find out if there is a possibility of your business being reclassified into a low-risk category after taking corrective measures to prevent further chargebacks. This will lower your fees considerably.

Monthly processing volume – Make sure you do not have a capped processing volume on monthly sales. You do not want to incur extra fees once you have reached your limit.

All round customer service – Make sure your provider offers excellent customer support. Do not be hesitant to ask questions. If they are unwilling to answer you or offer you technical and functional support on time, move on to the next company.

At the end of the day, merchant account providers play a crucial role in managing your finance. Due diligence is the key to finding the right merchant account provider for your business.

How will an Offshore Merchant Account benefit your small business?

Offshore merchant accounts are commonly used these days. By setting up online businesses, merchants have to interact with customers across the world. Regardless of the size or type of online business, merchant accounts and credit card processing services is a must for each one of them.

Various financial institutions offer different types of merchant accounts. Among them, offshore merchant account is most commonly used by E-commerce merchants. One of the benefits of offshore merchant account is that it does not require huge initial set up cost which makes them popular with small businesses in particular.

Different merchant account providers offer different setup charges. But most of them charge zero for initial set up which is a huge benefit for small businesses.

Offshore accounts obviously operate outside your own country and since you would be out of the tax regulation laws of your country, you will be exempted from paying taxes. For small businesses and even online business start-ups, the reduced burden of additional costs is a huge relief.

All types of businesses, whether large-scale or small-scale, can be victims of frauds and scams. Start-ups and small businesses especially cannot afford to be tangled in frauds and losses. Unfortunately, these merchants are more vulnerable and can be conned easily. This makes offshore merchant accounts hugely beneficial as merchant account providers take necessary steps for the safety and protection of their clients from online frauds.

Businesses with offshore accounts have to deal with transactions done with different currencies and all kinds of credit cards all round the world. This translates into higher chances of expanding your customer base. Along with clever business operations, these small businesses have the potential of boosting sales and profits. For small businesses that do not have to invest much into these accounts, this is a massive growth opportunity and benefit.

Why International Payment Processing Solutions?

International Payment Processing Solutions With IBS

Selling your product online? All you need to choose a payment processor for your customers to pay you. Finding the right, reliable and secure payment processor company is quite a complex process, so do all your homework well before choosing a right payment processing company. We at IBS Ventures Ltd. gives you a variety of International payment processing options, including credit, debit and electronic checks at a cost effective manner. This allows your customers the liberty and elasticity to pay you faster and inconvenient manner.

The payment processor provided by us is suitable and manage all payment operations more excellently from multiple payment types. This enables you to concentrate more on your business material facts rather than on handling transactions. The records related with transaction are also being stored so that you can easily find out the transactions and make report related to it. We possess an ability to work with all major merchant account providers, so that your transactions are flexible and no need to setup extra software for online payment transactions.

We have been created at all our current features of payment processing solutions and providing the finest services to our customers and ensure them to provide trustworthy and reliable payment services with new and innovative features.

Top International Merchant Account

International Merchant Account for Payment Processing Services

If your business deals in international trading, international merchant account is a significant tool for regulating your electronic payments in your bank account. As these accounts are not tangled with the guidelines and tax rules of the native country, you can get more tax profits. All international merchant account are multi-currency accounts, which empower you to trade nearly in all currencies available. With an international merchant account, you can set up your own merchant account or can open a third party merchant account. Setting up an own merchant account is more beneficial because it offers tax deduction and give more profit on transaction held. It is a vital tool for all merchants to accept money and receive it in your personal bank account.

International merchant account enables you to renovate foreign currencies without any conversion charge. You can also start a currency in which transactions would like to be settled. Altogether international merchant account suppliers offer international fraud protection, which reduces losses due to charge backs and uncertain transactions.

It has no heavy volume caps, provide you better payment gateway services, virtual online terminal for manual entries, 24/7supporting services, acceptance of all popular credit cards and easy setups.