merchant services | IBS Payment Solutions

Credit Card Processing and Credit Card Processor Merchant Services for your business

There are many different types of credit processing accounts you can choose from when you work with International Bank Services. Each of these accounts is unique and is set up to meet the specific needs of different types of businesses. Regardless of the type of account you need, we will be happy to help!

Setting Up Retail Credit Card Processing Accounts

Retail merchant accounts are set up for businesses that offer goods and need to have a Point of Sale (POS) terminal solution. With the POS terminal, your customers are able to easily slide their cards through the machine and make the purchases they desire.

Setting up a POS terminal can be potentially costly. With the help of IBS, however, you can keep the costs under control while successfully providing your customers with the convenience associated with paying by credit card. In addition, we will help you get the proper equipment to meet your business needs.

In order to remain competitive, you need to offer convenience and efficiency to your customers. This can be accomplished by allowing them to pay with a credit card through a POS terminal. Keep in mind that these machines need to be kept near to a telephone jack in order to work. In addition, if you plan to accept debit cards, you will need to select a terminal that allows your customers to access the machine and to enter their PIN. Don’t worry – we will help you select the perfect terminal for your business!

Setting Up Internet Credit Card Processing Accounts

Getting an Internet credit card processing account set up is a little bit different from setting one up for a retail launch. After all, your customers will not be swiping their cards directly into a terminal. Rather, they will have to input their account information on your website. This means the mechanics of Internet credit card processing are much different from retail credit card processing. In addition, there are different types of security issues that need to be taken into consideration.

Many online businesses have difficulty setting up a credit card processing account – but, you don’t have to worry about this with IBS! We specialize in helping all types of businesses set up accounts, whether located online or off. Not only will we help you get a Credit Card Processing account established, we will also make certain your customers’ financial information is safe when they make purchases on your website.

In addition to setting up a secure method for your customers to make payments, we can also make the payment process much simpler. For example, we can set up an automatic billing feature that allows your customers to have payments automatically taken out at regular intervals. This is more convenient for your customers and also guarantees that you receive your payments on time. We can also set up your account so you can accept checks online, which will give you just one more way to make payment easier for your customers.

Setting Up Offshore Credit Card Processing Accounts

Some business holders are choosing to set up offshore credit card processing accounts in order to take advantage of the great deals that are available when going this route. Businesses that have been long established as well as new business owners may be interested in setting up an offshore Credit Card Processor account.

Since banks around the world are vying for the business of other businesses, you can take advantage of the competition and find a bank that is willing to offer you great processing fees. You might also be eligible for receiving special tax benefits if you choose to set up an offshore credit card processing account.

There are other advantages related with offshore credit processing accounts too. For example, many domestic credit card processors require security deposits. This is particularly true if your business has not been around for a while. With an offshore credit card processing company, you may be able to avoid these extra expenses.

Setting Up High Risk Credit Card Processing Accounts

If you have a business that is considered high risk, IBS can help you set up a credit card processing account – even if you have had problems setting up accounts on your own. There are many different types of businesses that can be considered high risk. These include businesses that specialize in the following areas:

Car dealers and car rental companies
Cell phone, prepaid cards, phone cards
Check cashing, credit repair companies, debt collection services
Coin dealers, Jewellery stores
Downloadable software, internet websites
Educational institutions, universities, ebooks
Escort services, phone sex, adult book stores, sex shops
Internet gaming, gambling, lotteries, prizes
Financial services, such as foreign payment services, investment services, lotteries and jackpots, and mortgage services
Gun businesses
Online dating services, high risk, adult dating personals
Pawn shops
Pharmaceuticals, vitamins, online pharmacy
Pornography websites and videos, adult dvd stores
Psychics/Fortune tellers
Telemarketing, mail order, telephone (MOTO)
Time shares, Vacation Packages, Airline, Cruise, Getaways
Travel services and agents
Home Business, Small Business, High Volume
International, Offshore, Overseas, Domestic
Low Rates, Best Rates, Reduce Fees

At IBS, your type of business doesn’t matter. We will still work tirelessly to help you get the perfect credit card processing company for your 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!

Tag: merchant services

Merchant Services – Lowest Rates for Credit Card Processing

Credit Card Processing and Credit Card Processor Merchant Services for your business

Setting Up Retail Credit Card Processing Accounts

Setting Up Internet Credit Card Processing Accounts

Setting Up Offshore Credit Card Processing Accounts

Setting Up High Risk Credit Card Processing Accounts

High Risk Merchant Account for Credit Repair Business