High-risk merchants always find it a big task to find the best payment processor for their daily money transactions, as they are prone to risk. However, if they know some of the major features that a good payment gateway company should have, the search task can become simpler. Are you also a high-risk merchant looking for a reliable processor? Below are some factors that specifically indicate that a payment gateway provider is the best choice.
Payment gateway should be PCI-DSS compliant
Of course, that is always the first requirement because such payment gateways give another shield of security to money transactions. 3D secure technology is their prime feature, as that helps identify the identity of the customer strongly. Such payment gateways are not only useful but vital for high-risk businesses such as IPTV, forex, etc.
It is not complicated to find a payment processor with this factor as their website always displays PCI-DSS sign if they have it. This certificate also helps you get your merchant account because the acquirer bank knows you process transactions through a safer and smarter payment gateway. In-built fraud detection is another feature of a PCI-DSS compliant gateway.
Reputation and price schedule are very important
High-risk merchants can easily understand the significance of having a good reputation. They always work under pressure from legal institutions and even the tiniest factor can spoil their image in front of the customers. The payment gateway you choose has the same struggle and challenge. Especially those working for the high-risk merchants have to keep a good image in the market. The best payment gateway in Australia cannot exist without the quality of a good image.
Check, whether the payment gateway company you want to finalize for payment processing is has a good reputation in the industry or not. Also, understand their price structure according to current and future transaction volume. For start-up businesses, it is always an important factor because when they start the volume is low. In the upcoming months, the volume is sure to increase.
It should have a payment method of your customer’s preference
You know your customers better and it is better if you check that the payment gateway you want to consider has that method. This point also reveals the other relevant one. If your business may need to accept other modes of payments, the payment processor should have the arrangements to give you a new channel.
Nowadays, some businesses even accept payments in cryptocurrency but not many payment gateways have the infrastructure for it. For this reason, it becomes very important to ask in advance the processing company what alternatives they have on payment methods. A mistake on this part may not be reversed later and you will bear a big loss in the form of per transaction charges and other fees.
Effective charge-back management strategy is a vital factor
Charge-backs, as we all know are the prime concerns for high-risk businesses. It is the reason that merchants always choose a payment gateway that has a charge-back management strategy. It is not only an expectation but a need that businesses want to fulfill from their payment processors.
However, if you are a high-risk merchant, you need to first control the charge-backs if their percentage is high. Payment gateways also want you to be able to control your charge-back percentage if it is very high. For example – money-back incidents more than 4% are considered as high. However, there are payment gateway providers that work for companies with up 4% charge-backs. EskayPay is a payment gateway provider that has worked with many such merchants.
How does Eskaypay qualify to be on your list of best payment gateways in Australia?
The worldwide reach of Eskaypay makes it responsible to have all arrangements of payment processing for high-risk merchants. We have everything you need to process your payments with the customers.
- A wide network of acquiring banks helps you get the best merchant account through us.
- We give you the most reasonable and affordable deal on per transaction fee.
- We have the best security tools that immediately help reduce the charge-back occurrence.
- Our name has become a brand with the experience of years and expertise in all industries.
- 24×7 support of experts keeps the merchants backed up with immediate trouble-shooting.
Conclusion
You should always be very clear about your needs because high-risk merchant account cannot afford to change their choices. When it comes to payment gateways, they should know which one can give the best security to their money transactions. Also, the other factors of choice of payment methods, per transaction fee, speed of transaction completion, should be considered properly at the right time.
Do not forget the importance of research because the information available gives you chance to scrutinize things without bias. Stay rational, act fast because waiting for a long time in the selection of payment processors can harm your daily business.
Tags : Global Merchant Account, Offshore Payment Gateway, Gaming Merchant Account, Casino Merchant Account
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