What is a High-Risk Payment Gateway?
A high-risk payment gateway helps merchants to receive online payments with ease. But there are many reasons which are responsible for the need for this payment gateway. Often, some banks and services providers refuse to provide merchant services to such businesses.
Even if a business falls under the category of high-risk businesses they need support to grow on another level equally. It’s not an issue that can’t be solved. But due to these businesses’ nature banks don’t want to involve themselves in a drastic situation.
For such businesses, PSP that are serving in the high-risk industry comes in front to help. But every PSP has their way to choose whether they want to work with you or not. During online payment processing, the priority of a merchant should be to process them securely.
For such demands, merchants can apply for this high-risk payment gateway. Why’s that? Let us explain.
Why we are using a High-Risk Payment Gateway?
High-risk businesses are always surrounded by several high-risk factors. And that hinders the growth of businesses. That’s why; a high-risk merchant should find a secure and reliable solution for accepting online payments. This gateway integrates with merchants’ websites. And it provides them with the facility of seamless payment processing.
Also, getting the business out of the high-risk category isn’t that easy and fast. Factors that following won’t let you do it faster:
- High Chargeback Ratio
- Numerous Frauds and Scams
- Breach of security
These are the limits to what conventional service providers can’t give you a push for your business. PSPs are experts in providing merchant services to high-risk businesses. Getting payment processing done easily will be possible with the help of high-risk PSPs.
What are the benefits of a High-Risk Payment Gateway?
With this high-risk payment gateway, a merchant needs a merchant account to receive online payments. But that shouldn’t be a normal merchant account because you’re not going to get that easily unless you’re out of the category of a high-risk merchant.
In this case, you can get a high-risk merchant account. This merchant account will help you out with several beneficial facilities. But first, we should talk about this gateway’s benefits instead.
A high-risk payment gateway will help merchants to process payments globally. This gateway allows merchants to accept payment in several currencies for ease of payment collection. With the help of such a feature, there’s a high chance that merchants can gain the attention of the international audience.
This will help merchants to get an upper hand over the risk factors, and also to get a special place in the international market. After this, several companies, banks, and service providers will acknowledge you as a reliable partner for the business.
The risks can be dealt with easily with various security features. In other words, this payment gateway follows the rules of PCI DSS, which binds this gateway with several standard conditions. Any company that violates the rules regarding customer information’s safety can ruin its reputation in an instant.
That’s why Highrisk Gateways follow the terms of PCI DSS to provide security and assure your customers. If you fail to provide such a facility then your sales will also be affected.
Multiple Modes of Payment
How does it feel when you want to buy something that’s on sale for 50% off? Amazing, right? Just like this, getting many options to pay for your favorite items can provide you with convenience. For that, this gateway has the feature of alternative modes of payment.
This feature lets the customers choose the mode in which they want to pay for their purchase. Some of the options could be – CC, Net Banking, e-Wallets, e-Checks, ACH, Recurring payments, etc. Let your customers choose, what they prefer.
Processing the transactions in real-time allows updating of all the funds quickly. Real-time transaction steers clear of all the payment processing as it may create a bottleneck. And there can be faults in the transfer.
Therefore, fast transactions with reporting allow the consumers to know whether the payment was a success or a failure ASAP.
This feature of this gateway allows the completion of payment on a single window. Redirections annoy the customers and they tend to abandon the payment as well. Therefore, an easy checkout option provides faster and smoother processing without redirections.
Convenience to consumers will increase profits for your business and the trust of consumers in your business.
Online payments save your time for other business operations. A high-risk payment gateway accepts all online payments without any human interference. Transactions get completed in mere seconds and it provides convenience to the buyer in a few steps. These kinds of services are indeed beneficial for your business.
Complete Merchant Assistance
Having the support of Highrisk Gateways will benefit your business for a long time. Our experts will engage in the operations to help you fasten the integration process of the payment gateway. We’ll provide you with better solutions for your business.
We have customized gateways for each sector of business:
- eCommerce Payment Gateway
- Online Casino Payment Gateway
- Online Gaming Merchant Account
- Non-3d Payment Gateway
- Offshore Payment Gateway
- Forex Trading Merchant Account
- Tobacco Merchant Account
- FX Payment Gateway; etc.
24 x 7 Support
Support for payment processing is crucial. Also, there can be a moment when you’ll face obstacles in payment processing. Therefore, our expert team will help you to tackle them with ease. We understand that this isn’t your forte.
Therefore, we’ll support you with the issues regarding the payment processing at any hour of the week.
How to get the High-Risk Payment Gateway?
First, approach high-risk PSPs for your business. Then, choose the PSP which suits your demands. After that, read the contract and start with the integration process.
This can be an answer to your question. However, searching and choosing the best one is a huge task. HighRisk Gateways has the support of several supportive acquiring banks. With us, you’ll get the most successful approval rate and the facility of a swift integration process.
Moreover, there are several necessary features you’ll need for your business needs.
A High-Risk Merchant Account has an important role as a High-Risk Payment Gateway. What’s a merchant account? It’s a business account for the merchant to receive online payments. The High-Risk Merchant Account allows merchants to receive online payments on their websites. And store the payments safely.
Therefore, first, you should choose the right PSP such as HighRisk Gateways. Then, get complete merchant services from that PSP that will be exclusively beneficial for your business. After that, read the paperwork and carefully look for all the fees & policies that are included with the services they provide.
Last but not least, you should get a high-risk merchant account for your business.
Why HRG is the best for a High-Risk Payment Gateway?
Our services include merchant accounts and payment gateways as per the business type. We have a complete set of payment processing solutions for high-risk businesses. Our experience allows us to seamlessly assist your business with expertise.
If your business needs a high-risk merchant account or a dedicated payment gateway you can ask us. HRG will provide you with a customized solution for you.
We ensure that our gateway works with the business plans of your organization.
As a high-risk merchant, your business attracts issues such as high chargeback. To fight such an issue you need a chargeback prevention system. With us, you’ll get the facility of antifraud apparatuses, AI-based extortion checks, and ongoing notices.
Experience of the team working with the PSP, and the time PSP has given in learning about the basics of a high-risk business is important. Credibility can be proven if PSP has the experience of providing the service of a high-risk merchant account.
And what is it that helps merchants to come out of the harsh situations in terms of online payments? That is the experience of an experienced and reliable PSP.
Choose a high-risk processor that will allow you to carry out different payment scenarios to cover all your business needs. When you create an action plan, you can check out the rates, terms, and elements that are customized to your business.
The pricing structure of the payment processor is important. Thus, watch for the transparent pricing structure of a payment processor. Be clear with regards to the amount it will cost you and that there are no covered up or additional charges too.
If you can’t get precise data from your PSP, then consider it as a red flag for you. Also, keep in mind that rates might be lower when your revenue goes up. A reliable PSP will help you to plan better with reasonable rates.
Is your payment gateway providing multiple accounts? Would you be able to alter each component of your Payments? Does the payment platform convey adaptable APIs that give full control over the arrangement and payment processing?
What you need is both fast onboarding and user-friendly payments without downtimes & surprises. We have the non-3D and 3D payment gateway according to your business needs.
Responsive Support Team
We assure you that you’d get help for any issue you are facing during the online transactions. Think about what might happen, when there are issues with payment processing on your website. And you’ll get no one to help you at that moment. At that moment you’ll need the sense of security, we know that.
Our payment gateway solutions have features that’ll be beneficial for your business. With fraud prevention and chargeback management, your business can reduce the risks. And with various other features, your business can reach the global level in a short time.