High-Risk Merchant Account | IBS Payment Solutions

Accept BitCoins with High Risk Merchant Account

In order to flourish as an e-commerce merchant in this economy, it is mandatory to keep up with all the latest industry trends and consumer preferences.

A most recent and increasingly popular trend in the payments industry has been accepting Bitcoins as payments. Gone are the days when consumers only used cards & cash for purchasing items. Alternative Payment Solutions like Instant Bank Transfer, E-wallets, Mobile Wallets and Bitcoins are a hit, especially among the younger demography.

So what is a Bitcoin? Bitcoins are a virtual currency traded using a peer-to-peer system. This digital asset is non-regulated. Buyers and users of bitcoin are usually self-governed.

Because of its growing popularity as a mode of payment, several merchants have started accepting Bitcoins as payments. However, finding a bank or a processor to integrate bitcoin processing with your business can prove to be a difficult task.

A High-Risk Industry

Bitcoin Industry falls under the High-Risk category. Merchants accepting bitcoins are labeled as High Risk.

The fact that these digital currencies are non-regulated makes financial institutions extremely wary of processing them.

A common misconception regarding Bitcoins is that they are traded almost exclusively for criminal reasons. Another issue being merchants require a merchant account provider that can convert Bitcoins in real-time since there is always an issue of volatility.

Benefits of accepting Bitcoins

Apart from being a fast-growing payment method favored by the tech-savvy generation to buy products and services, accepting Bitcoins has several advantages to you as a merchant:

– Lower Transaction Cost: Bitcoin processing fees are lower than credit card transaction fees.

– No Chargeback Risks: This currency has an irreversible payment structure which means once the transaction is done, the payment cannot be reversed. No possibility of a chargeback. This is advantageous particularly to the high risk merchants.

– Minimal Security Risk: Unlike credit card processing wherein the customers’ card details are used, payment in bitcoin does not use personal information which lowers security risks & frauds significantly.

– Choice of Payouts: You have the choice to receive payouts in either bitcoins itself or any other currency of your choice.

High Risk Merchant Account for Bitcoin Payment Processing

Most merchant account providers do not understand the challenges and complexities of the Bitcoin industry and will provide merchant solutions that will not suit your payment processing requirements. This may affect your business in the long run and can eventually lead to account termination.

Here, it becomes essential to obtain a Merchant Account that will enhance and provide the right services required to process bitcoin payments smoothly.

Team up with a merchant account provider that specializes in High Risk Merchant Account solutions that will help you with smooth integration of bitcoin payment processor in your system. These processors will also provide you with a Secure Payment Gateway to accept other forms of payment.

High Risk Merchant Account for Credit Repair Business

Having bad credit is common in the current market. However, navigating this economy with a bad credit is not the most ideal option anymore. To improve their credit history and over-come financial difficulty, consumers then seek credit repair companies.

Credit Repair Industry is often referred to as a ‘Disputed’ industry. Most credit repair businesses accept payments through online transactions rather than in-person which lead to a high probability of theft and frauds. Also, by taking on the responsibility of cleaning a client’s bad credit history, the company itself is at risk of the client defaulting on payments again. Reasons such as these have caused financial institutions to label the industry as high-risk.

Looking for a Merchant Account Provider for your Credit Repair business?

Similar to various other businesses categorized under high-risks, a major reason banks decline to take on the risk that comes with any credit repair related business, are excessive chargebacks.

Hence despite of being an efficient billion-dollar industry, most financial institutions refuse to process payments for these companies.

As one of the fastest growing industries, the ability to accept credit cards has become an absolute requirement for this business. But obtaining a merchant account for processing credit cards is a difficult task.

If you are a credit repair merchant you will find banks and merchant account providers reluctant to accept your application for a merchant account. As mentioned, high chargebacks and high processing volumes prove to be a deterrent for traditional banks and institutions.

While some providers may outright deny you at first glance, others may put you through a lengthy and complicated process for weeks at times, with no guarantee of an approval.

High Risk Merchant Account Solutions for Credit Repair

With the industry being labeled as high-risk, High Risk Merchant Account providers are an ideal solution for credit repair businesses.

Of course you can always go with basic merchant account processors that are willing to take on your business. But you need to be careful in such cases since there is a chance they may offer limited solutions not entirely suited for your business or provide spotty service or straight-out decline your application after a tedious application process.

– Opting for high risk merchant account provider is beneficial because they evaluate and understand the associated risks and challenges that come with the high risk tag.

– Look for a reputable merchant account provider that has previously worked with businesses related to your industry. These providers will know your requirements and offer you the right solutions. They are also well-prepared for any challenges you may face.

– While applying for a merchant account, always be honest about the details of your business. It will prompt the merchant account provider to be upfront about any extra costs or other factors related to your business. You may get approved by being vague during the application process but there is a serious risk of your account getting terminated if the provider finds any discrepancies later on.

Although it is an uphill task, as long as you are a legitimate and responsible business, you will end up finding the right merchant account provider!

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 Do I Get Instant Approval On High Risk Merchant Account?

Businesses are inherently risky. One cannot run a profitable business without some kind of risk involved.

Getting approved for a merchant account is a tedious process, especially if your business happens to fall under the high risk category.

Banks are wary of approving high risk businesses because of the risk involved. Even if the process is simpler, there are some strict guidelines and policies that you need to adhere to. Unsurprising, given that the bank is taking a substantiate risk. It is their responsibility to minimize risk which is beneficial for you as well as them.

High Risk Merchant Account –

There are also instances when you have been rejected over and over again for a merchant account. Wondering what other options you have? Call high risk specialists like IBS! Merchant Account providers who specialize in high risk merchant accounts understand the difficulties faced by such merchants. They guide you through the application process and get you approved without much hassle.

Now, as a merchant you need to take certain measures before settling for a merchant account provider.

Do your research.
Make sure that the provider offers services that are compatible with your business
Be aware of those asking for an application fee. No fees are charged until the actual transaction process begins.

IBS does not charge any sort of fees until your high risk merchant account is up and running to process transactions.

-You will find thousands of providers ready to take on your business with claims of getting you ‘instantly’ approved within a day or even a few hours. Be careful when dealing with such.

Being an experienced industry player, IBS can assure you instant approval can only mean a minimum of 2-3 days. And yes, it is possible to get approved within that timeframe.

Accelerate your High risk merchant account approval process –

Getting approved within a day is simply unrealistic. Merchant accounts take time to get approved, especially a high risk merchant account at that. Sometimes, you can get approved within a week or the process can very well get dragged into next week. Still, here are a few tips you can follow to accelerate this process to get an easy and instant approval.

Honesty is the best policy – Be honest about your business from the get go. Provide a complete disclosure to your provider. Be completely honest about the kind of services & products you offer. While a high credit score is preferable, it is okay to have an imperfect credit history. You may be tempted to leave out a few minor details but the underwriter can instantly catch such discrepancies and cancel your application. Give detailed, transparent and clear records of your business and be ready to answer any questions that the underwriter may have. This makes your business trustworthy and has a positive influence during the final decision.
Keep your KYC documents at-hand – Be sure to gather all your financial documents and submit them together for the underwriting process at the earliest. While you can also submit them in batches, sending them at once can expedite the process and make you look organized.
Valid Company Information – Be very clear about the type of service you provide and your place of operation. Make sure your personal as well as company details including addresses and customer service contact numbers are valid and correct. These details should match your application information as well as wherever you have advertised your business; be it online or print.
Try to minimize your risk factors such as charge backs – Charge backs is one of the reasons why your business maybe termed as high risk. High charge backs are a threat to high risk merchant accounts. They possess a risk to the provider as well as the account holder. Try to minimize them as much as possible for a better chance at approval.

Partner with IBS for High Risk Merchant Account Approval

International Bank Services (IBS) specializes in High Risk Merchant Account solutions for risky ventures. We have an approval ratio of over 95% in merchant placements. With several years of strong banking relationship with several acquiring banks all over the globe, we provide secure and reliable payment processing solutions for all-risk businesses. Give us a call to talk to our representative about your business and we’ll employ our best resources to get your transactions online.

Hurry up and enquire today for further assistance!

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.

High Risk Merchant Accounts Simply Explained

There may be no worse embarrassment than sitting in the office of your local bank where you applied for a merchant account to accept debit and credit cards and be told you were declined because you were high risk. You look around to see who is watching and listening and you feel your face becoming very warm. You have never been arrested! You don’t have any unpaid parking tickets! What is this lunatic talking about? What he is saying is that you need high risk credit card processing and banks do not accept high risk accounts.

So what made the bank decide you were high risk? It could be one of many factors. Are you a new start-up company? It does not matter if you are brick and mortar or e-commerce. A start up is thought of like an individual with no credit history. They just do not know how you are going to handle money matters. To them, it puts you on the list for high risk Credit Card Processing.

High risk means just what it says. The powers that be have considered the business you are in to present them with a large liability. This liability comes in the form of chargebacks. A chargeback is when a merchant accepts a card for payment and receives an authorization code. When the transaction is presented to the issuer it is determined that the entire account is fraudulent due to identity theft. Or, a customer receives his monthly bill and sees the charge amount and calls his card company declaring he did not make the purchase. In the second instance it could be that the name of the retailer or service provider is different than the legal name registered with the payment processor. Rather than investigating, the issuer will simply chargeback the amount.

E-commerce companies are always targeted as high risk. This is because the card and customer were not present when the account was charged. There is a high risk that an unauthorized person used the card.

Visa and MasterCard have a laundry list of industries they consider to be high risk. You may not think so, but they are the ones in control. Just some of the types of businesses regarded as high risk are adult dating sites, vitamins and nutritional supplements, credit repair businesses, bankruptcy attorneys, collection agencies, travel agencies and tour operators. There are many, many more.

So now that you know you are high risk and you want to process debit and credit cards, what do you do? You call a high risk specialist like the High Risk Guys. Here is a company that devotes its time and effort specifically in High Risk Merchant Account. They know the challenges you encounter daily. The electronic signature application is easy. There is no application fee and you can be approved in as little as 48 hours. The High Risk Guys are made up of industry veterans that have helped thousands of high risk merchants get approved quickly. And, you will receive some of the lowest rates in high risk credit card processing.

Setting up a High Risk Merchant Account for Your Risky Venture

A merchant account is an important account that you required in order to accept online credit cards. If you are planning on running a website that allows you to collect fees from those who visit your site, then you cannot start without merchant account payment processing agreement. If you are running a high-risk merchant account, it is most likely that you will have a hard time in finding out a credit card processing options. As there are only a limited number of providers who are willing to accept such clients and if they do, their rates are often quite high. High-risk accounts include the adult websites, online casinos, and pharmaceutical merchants etc.

It is essential but to have a merchant account that is tailored to fix a business which is deemed high risk or operating in an industry that has been deemed as such. As merchant carries high-risk business such as adult services providers, it is difficult and hard to obtain a merchant account. This is because due to the risks of credit card frauds increment and fake holders with of the high risk is involved. The result is that banks concerned on providing Internet accounts to merchants person, who can then turn to private acquiring institutions to provide them merchant account services.

With the use of merchant accounts, the online companies are able to accept transactions via credit cards. And because of the convenience of having to pay through a credit card, they are able to become profitable quickly and efficiently. However, getting a merchant account is not easy especially if you are considered “high risk.”

With International Bank Services (IBS) we provide standardized and customized High-risk Merchant Account solutions for your Risky Business venture.