High Risk Merchant Accounts

Top Qualities to Look For in a Payment Gateway in Estonia with a High Success Rate

Finding a payment gateway with a higher success rate can be tricky if you do not know its primary qualities. But don’t worry; it is not difficult to spot such payment gateways if you know about some noticeable factors. After all, association with a payment solution provider is long-term, and it is not wrong to spend some time researching and finding out the best one. Once you find the right one, it will be great for the business and its growth. After all, we know that a gateway with a success rate helps attract more customers and retain them forever.

Here are the top 5 qualities of a payment gateway in Estonia with a higher success rate. Give attention to the points below and take one step towards your business stability.

What is the Success Rate?

The success rate is the number of completed transactions out of total transactions. You can easily calculate the success rate by dividing the successful transactions by the overall transactions. A success rate of 90% or above is considered good. If you talk about the failed transactions, there are mainly two reasons behind it. One reason is unsuccessful transactions from the customer’s side, and another reason is the failure from the merchant’s side.

Qualities Behind Higher Success Rate in a Payment Gateway Estonia

After knowing the meaning of success rate, it is time to understand the qualities that a payment gateway with an impressive success rate owns.

Speedy Checkout with Extensive Stored Data

Find the payment gateways that have extensively stored data of existing customers. It should have examples to present to you that it has millions of stored data of customers. Something so popular among people will attract your customers too. Many of your existing and prospective customers may already use the same payment gateway.

When a payment gateway has vast customer data stores, the checkout process becomes speedy because the customers do not enter the details repeatedly. As a result, the success rate automatically goes high because this one factor impacts how frequently people use a gateway.

Large Scale Transactions

Another secret to a higher success rate in a payment gateway is the capacity to process many transactions. This quality is specifically helpful for the high-risk merchants that process a bulk amount every month. To regularly process millions and billions of money, a payment gateway works thoroughly to create a robust payment system, which improves the success rate. When billions of customers with a global presence need to trust a merchant, hefty transactions happen. An example of an online casino will be perfect here because we all know how widely people play on online casinos. The abundance of games and rewards is promising for the customers and gives more chances to merchants to earn. Payment gateways have to keep a high success rate to keep both the merchants and their customers happy.

The ability of a payment gateway to process transactions depends on how many transactions it can process in one second. However, the power of the server on which it works is an essential factor that works behind it. There are payment gateways that process 3000 transactions per second, and there can also be gateways with millions of transactions per second. You need to find the one that is best according to your industry. It is not difficult to find a high-risk payment gateway in Estonia for your business, irrespective of industry type.

Strong Safety Tools that Make Money Travel Safely

Of course, a high success rate can never be attained if a payment gateway has compromised safety arrangements. Artificial intelligence and automation help payment processing companies commit safe money transactions for their merchant clients. The PCI-DSS compliance is already a decisive parameter both for the payment solution providers and the merchants. Also, the safety measures like 3D secure payment gateways make both the merchant and the customer more responsible.

With more robust safety measures, it is possible to reduce the chargeback issues and nullify the security threats. With no stress about the safety issues, every payment gateway in Estonia can work on the success rate. Customers always use the payment gateways famous for providing a safe transaction atmosphere. The PCI-DSS tag displayed on the website and the gateway platform is sufficient to make people use it. When people trust a payment platform, the success rate naturally improves.

Acceptance of Multiple Payment Methods and Multiple Currencies Reduces Cart Abandonment

Everything relates, right? When a payment gateway accepts many payment methods, it helps merchants reduce their cart abandonment issues. The customers have every payment option, so they do not leave things incomplete and finish purchasing on a website. Payment solution providers cannot limit their options on payment methods and currencies these days. The competition is challenging not only for the merchants but also for the payment gateways.

Business owners with expansion plans always want a payment solution company that gives them the liberty to spread their wings in any direction. If the company plans to expand its business in a new country, the payment gateway should have arrangements to accept that nation’s currency. The payment services with a presence in many countries always have a higher success rate of transactions. After all, that is why they could spread their services to such a large scale.

Conclusion

If you currently have plans to look for a payment gateway with a higher success rate, do not forget to consider the above-mentioned qualities. Your market research depends on your discretion, but there are always some generic factors that run an industry. The payment solution industry also runs on some principles, and they help a merchant run a smooth business. Usually, the established payment gateways have the features above, such as the EskayPay payment gateway in Estonia, a famous example with other known names. A simple hint of the noticeable factors can help you choose the right solution provider, and from day one, you can start accepting payments. At last, get paid faster and grow faster.

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How an International Payment Gateway Facilitates Hassle-Free Online Payment for Your Business?

A payment gateway is not just a bridge between the customer and the merchant, but it solves many other purposes for a business. The role is more prominent when it comes to an international payment gateway. Are you a business owner taking payment gateway services? If yes, you can easily understand how versatile the role of a payment solution provider company is.

In the past few years, online payments have increased considerably, and that is where we need a gateway for smoother transactions. The sellers and the buyers need a predictable atmosphere and infrastructure to make the money travel safely from one end to the other end.

There is no doubt that an international payment gateway company simplifies daily transactions and helps in many other ways. It is essential to understand all those ways and aspects where such a company satisfies the commercial world.

An International Payment Gateway is a Bridge Between Merchant, Customer, and Merchant Account Provider

Yes, that can be considered the most crucial role of a payment gateway service provider because it is difficult even to imagine a business without this. In the global market, companies have to face many challenges, and when the customers are worldwide, the biggest issue is the safety of their money. Before a merchant gets paid for its services or products, it needs to have a safe payment system through which money can travel safely.

The international payment providers create a safe route for daily transactions. When a customer makes a payment, the payment data first comes to the payment gateway company. The company then transfers it to the bank/credit card processors; the money is released once the transaction is approved. The released cash goes to the merchant account finally. The whole process does not take much time due to the strong support of gateway companies.

It Provides Security through High PCI-Dss Parameters

The biggest reason behind all the arrangements for daily transactions is security. Any business can receive payment from its customers, but the issues of fraud and chargeback are always there. These problems can cause a financial loss to the company and the customers and can also affect the goodwill of a business. A merchant cannot play with his excellent image in the market, so he is always possessive about the safety of his customer’s money.

It is already a rule for every merchant and a payment gateway to follow PCI-DSS regulations. The abbreviation stands for payment card industry data security standards. The payment gateway companies ensure an uncompromised safety for their merchant clients. Neither the merchant nor the payment gateway provider can perform their daily operations without following these security standards. Safety standards should secure anything related to transactions between the merchant and customer. Any compromise in security can immediately spoil a business and may even close it soon.

A payment gateway for international business gives your multiple payment methods

As a merchant, you can understand how important it is to get access to varied payment methods. Businesses with an international presence have to install multiple payment platforms for their customers because buyers will not compromise on their comfort. If they are happy with mobile payments, they will do that; the attitude is unchangeable if they prefer credit card payments. All this can happen only with the help of a payment gateway.

Credit or debit card payments, buy now, pay later, crypto payments, e-wallets, bank transfers, or any other online payment mode is possible. If an efficient payment gateway solution provider works for you, you can easily reach new customers. To make a broader reach to the new parts of the world, businesses today depend on online payments and varied methods.

International Payment Gateways help get an Offshore Merchant Account to a High-Risk Business

High-risk businesses always struggle to get a safer system to process their transactions. They are prone to chargebacks, financial fraud, data theft, and customer identity theft. Due to such threats, they need to have an offshore high-risk business merchant account, but it can be tricky for a merchant to qualify for a merchant account. The banks that provide these accounts are stringent about their approval policies because they deal with high-risk businesses. These banks are called acquirers and they are situated in other countries.

Somewhere their network and other customers may get into the threat. Imagine a hacker uses a virus to hack an account of a casino customer. The virus enters the system of its merchant account provider bank; you know how much harm it can cause. It is why acquiring banks approve only those merchants with a lower chargeback and lesser or no threat of fraud.

The payment gateway providers suggest the best ways to lower the chargeback ratio to their merchant clients. Also, they tell them how to improve the website content and ask them not to mention anything issue creating, such as fake commitments. It keeps the merchants away from the eyes of the legal institutions. Also, some payment gateway companies provide merchant accounts through their network of acquirers. Eskaypay merchant account is a suitable example of it. The gateway completes all the formalities for the merchant to apply to an acquiring bank for a merchant account. Isn’t that an immense comfort? Indeed, it is.

Conclusion

You agree that the above points sufficiently explain the importance of an international payment gateway for global businesses. In the atmosphere of uncertainty in the international economy, every business is already insecure about its future. In such circumstances, the role of payment gateways becomes more critical to ensure safer transactions between sellers and buyers.

Thanks to the FinTech trends that always offer advanced ways to simplify financial services and transactions. With a more predictable atmosphere, the customers also make payments confidently, which gives the benefit of customer loyalty to the businesses. Today, many payment solutions providers like Eskaypay, Braintree, Paypal, and many more. You should always choose your gateway that precisely satisfies your business needs.

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Numerous Facts You Should Know About Casino And Online Gaming Merchant Accounts

High-risk businesses have so many things to manage and when it comes to their merchant accounts, there is so much to know about. If you are a casino or gaming merchant or planning to open such a business, you should know the related facts about its merchant account. Yes, you need one to smoothly receive money from your customers and to process the bulk volume of transactions. Also, the money withdrawals by the casino or gaming players and also merchants need to come to light. Stay informed and keep your business protected from any unforeseen threat. The information below should surely help you as a merchant.

What is a Merchant Account?

A merchant account is a type of business account where a business receives payments from its customers and also refunds in case of a chargeback. The same account is used by the business owner or merchant to withdraw money. Through a merchant account, transactions can happen in multiple currencies and in varied payment methods such as credit or debit cards, online payments, bank statements, etc. A merchant account is attained through an agreement between an acquiring bank and a merchant.

Why do Casino and Online Gaming Businesses need Merchant Accounts?

These businesses are high-risk businesses and traditional banks normally do not provide a business account to such commercial entities. A high-risk business is one that is prone to higher chargeback ratios. Also, such commercial bodies are prone to financial fraud such as hacking.

The casino & online gaming merchant accounts can conduct transactions under the MCC-code 7995. MCC stands for Merchant Category Code. This code protects the rights of the client, the seller, the merchant account, and the provider.

What Is the Role of an Underwriters When a Merchant Applies For a Merchant Account?

You can say that an underwriter has the most important role in the approval or rejection of a merchant’s application for a merchant account. His main job is to review the application from varied aspects to ensure it is fine to forward for approval. It is his responsibility to ensure that the business applied for the account is not at any unnecessary or big risk.

An underwriter scrutinizes the following things –

Credit Score – Of course, the underwriter takes the first look at the credit score of your business as well as your personal one.

History of Chargeback – There shouldn’t be a high chargeback rate, otherwise, rejection happens.

Credit Card Processing History – The credit history of last year is specifically important and in case of bad credit, it should show improvements in the past several months.

Content on the Merchant’s Business Website – There should not be fake commitments that sound exaggerated or are not possible to complete practically.

Bank Account Balances – The negative bank account balances are not good and the merchant should always keep some savings before applying for the merchant account.

Bills and Payments – The pending bills and payments bring a quick rejection on your application. While the timely paid ones bring a good affordable deal.

What Do Players Look for in a Good Casino and Online Gaming Account?

The casino or gaming players run the business because the customer is the king. To ensure they are playing with a good merchant, they have expectations from their casino merchant accounts. To get the long-term loyalty of players, you should pay attention to the priorities of your customers. Before you buy a merchant account you should know that your customers are looking forward to the following things.

License – The players normally look for at least a medium-level license and they are reluctant to basic license account. They are always insecure about the threat of losing money due to any fraud.
Reputation – Players choose only renowned casinos and online gaming platforms because they want to play safe. Casino players normally spend millions and they have to choose a reliable casino. Reliability comes from goodwill. It is best if your company is listed on the stock exchange.
Security – The safety of money invested is also an obvious factor for the players. They can trust even a new casino or gaming merchant account if it gives the commitment to offer complete security. The merchants with PCI-DSS tags on their website always get the immediate attention of the gamin players.

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How can a Merchant Protect a Merchant Account from Fraud?

Your merchant account is the strongest shield against any sort of financial fraud but to maintain the security of your business follow some precautions.

3-D Secure Transactions – It is the first and the most important thing that keeps your merchant account free from any fraud. It is the most important parameter of the PCI-DSS compliant merchant accounts. It adds a 3-step verification layer to your account, which is good for you as a merchant and also for the customers.

Keep an eye on the Monthly Report – The merchant account providers and payment gateways provide details monthly transaction reports. In this way, you can spot the customer accounts that are suspicious. The best thing is to assign the job to an expert to scrutinize the nook and cranny of transactions. A business can understand a lot about customer behavior with the help of monthly transaction reports.

Block The Customer Account With Recurring Friendly Fraud – Some customers consumer products and services just to ask for bigger money back and earn money through it. They raise a fake issue and credit card companies normally favor the cardholder. If you see any such customer account, it is better to block it.

Conclusion

Casino and online gaming merchant accounts have many aspects to reveal. High-risk merchants should always stay informed about the nook and cranny of the technicalities of their businesses. Merchant account is already a concern for all business owners. Those who are planning to apply for a high-risk casino merchant account or Online Gaming Merchant Account should pay attention to the points above. At EskayPay, we can provide your merchant account through a simple and speedy process as we have a vast network of acquirers. Contact now and get your merchant account.

How do High-Risk Merchant Accounts and Credit Card Processing work together?

The credit card processing in the case of high-risk merchant accounts is not similar to the processing of low-risk accounts. First of all, the low or medium-risk businesses may not need a merchant account from an offshore or onshore bank besides their conventional business account. That is why it is very important to understand how things work in the case of high-risk merchant accounts and credit card processing. If you are a business owner in a risk-prone industry, it is always significant to understand the technicalities.

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First Understand What is High-Risk Credit Card Processing?

High-risk credit card processing is about processing the payments or money transactions of a riskier business. The business types that are prone to chargebacks and financial fraud come under this category such as online casinos, IPTV, e-cigarettes, online gaming, etc. A high-risk credit card processor takes the responsibility to ensure the safety of these transactions. Whether it is a payment made by the customer or a refund by the merchant, the credit card processor needs to make it safe.

High-risk credit card processing can be done only through a merchant account which is a high-risk business bank account. The difference is that this bank is different from a traditional bank that does not work with riskier merchants.

High-Risk Merchant Accounts and Credit Card Processing – How do both works Together?

Credit card processors have to apply a completely different approach while working with a high-risk merchant. Several factors bring both ends on the same platform to work mutually and prove significant as commercial entities. It is not always a high-risk merchant who is in the need of a credit card processing company. A processor also needs high-risk clients if it has specialization in credit card processing for riskier industries. Below are the factors that bring both the parties on the same platform and work for mutual concerns.

Merchants Pay Fee to Credit Card Processors for Higher Purpose – Of course, it is vital. The risk that credit card processors take for the merchants needs a strong safety infrastructure. That infrastructure is expensive and credit card processing companies need money for that.

To help the merchants earn more and help them keep earning, credit card processors create a strong security system and in exchange take a fee. However, this fee is high but as compared to the threat managed by the processor, it is worth it. The merchants always a value for money service.

Per transaction processing fee, rolling reserves, etc. are taken to keep the processing system in a smooth operation. In exchange, the merchant never gets the chance to complain about anything on the part of payment processing.

Multi-Layered Security to the Merchant – Safe money transactions is always the prime concern for the high-risk merchants. A credit card processor commits to provide that security to its merchant client.

Verification without seeing customers’ card information is a strong security arrangement that credit card processors provide. The ends included in the transaction recognize each other through digital keys provided during the transaction process. This saves the customers’ details and it nullifies the threat of hacking or fraud in the name of the customer.

3D security is another gatekeeper that does not let the concern of security remain unattended. In this method (as you might know already) a transaction does not complete until the buyer does not fill in the authentication code sent on this mobile/e-mail etc.

Timely And Detailed Reports are a must for High-Risk Credit Card Processing – Yes, that is true because the merchants need to take many important decisions for their business. For that, they need to keep an eye on the money transactions. Sometimes when a business has varied product streams under one umbrella name, it needs to know the inclination customer for a particular product or service. The payment history of the users or buyers can easily tell that.

The reports also give an idea of the impact of the market conditions on consumer behavior. Such as, In the past few years, people are more inclined toward health supplements and also towards organic things due to the pandemic. Every time a wave comes, the demand for such products increases.

Credit card processors provide a detailed report of the transactions between the customers and the business. They provide complete analytics about the monthly transactions, number of chargebacks, success in chargeback management, and everything related to money transactions. The credit card processors also keep a keen eye on the suspicious customer accounts and those who make frequent friendly fraud. It helps make an effective chargeback strategy.

How does EskayPay Specialise in High-Risk Processing?

EskayPay, a high-risk merchant account processor provides quality services to its merchants. It works on some basic principles that prove that help the businesses get the right sort of payment processing. It has a vast portfolio and has worked with many risk-prone industries. Here is how the company serves in the best possible manner to its merchants.

SSL certified processing– SSL stands for Secure Socket Layers and all online businesses need this level of security if it wants to accept online payments safely. SSL system secures customer data that is transferred to the merchant’s website. The SSL certificate is displayed in the form of a green address bar.

Connect with the best credit card processors – Successful credit card processing cannot happen without connecting to a suitable processor. EskayPay connects you to the right credit card processing company and that too through an affordable deal. It commits to providing a deal with the lowest per transaction fee due to its vast network in all industries.

Conclusion

The above points display the connection and interdependence of high-risk merchants and credit card processing companies. With the help of technology, both are working successfully and the merchants can connect to the international buyers. This duo is sure to embrace innovations with the help of acquiring banks. Hope, You a merchant are already working with a great credit card processor. If you are seeking the, EskayPay has a vast network with credit card processors and acquirers.

Payment Gateway Providers in the United Kingdom for All Industries

The United Kingdom is among the most progressive economies in the world. Despite the downfall and challenges at the time of Brexit and the pandemic, it is still among the strong nations on the globe. The businesses here are flourishing; however, many are struggling to overcome the loss in the past years. For that purpose, they are trying to make their business and business payments more and more customer-friendly. The payment gateway providers can help the merchants whether low-risk, medium risk, or high-risk grow faster with simpler and predictable payment methods.

Are you looking for the best online payment gateway providers UK? Here is the list of some of the most promising online payment solution companies in the United Kingdom. Have a look –

SagePay

This payment gateway accepts payments in 30 different currencies and it is a widely popular gateway in the UK. You get your checkout system with 24×7 services that are provided by the knowledgeable staff of the gateway company. Get in touch with this payment gateway company and get a good deal because the company is popular for providing customized payment solutions.

SagePay gives 3 pricing options to the merchants – 1. Plus: £45/month, 2. Flex: £20.90/month, 3. Corporate: Bespoke pricing. SagePay is especially known for having a good image in every industry. It has a long list of satisfied customers and you should read its reviews. The payment gateway provider is among the best performers in payment gateway services.

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Cybersource

This name is perhaps already known to you if you have a business in the UK especially because it is among the top payment solution providers. Its services are convenient and your search for the best payment gateway providers United Kingdom. It has changed two owners by now, as in 2007, it was taken by Authorise.net and then the popular company visa took the ownership in 2010.

Cybersource deals in over 450,000 businesses across the globe and its compliant with the PCI-DSS parameters. It has cross-channel payments through which it is easier for a merchant to grow business and do innovations because the payment solutions are available smoothly.

EskayPay

If you are looking for a multi-tasking payment gateway, it is better to consider Eskaypay. The payment gateway company not only provides payment solutions but also connects you to merchant account providers. Known for its transparency and affordable deals, this payment gateway service provider has no set-up fees. All of its services have a global approach, as it provides high-risk merchant accounts, credit card processing, and a payment gateway.

Eskaypay is known for its best chargeback management strategy and fraud prevention tools. The payment gateway company is known for providing bespoke payment solutions for high-risk merchants. The prime business types it deals in are online casinos, IPTV, adult entertainment, online gaming, etc. The best thing is that they never make annoying calls to you. You can always leave a query and they will call you at a convenient time to provide the best-customized solutions.

WePay

It is a payment service provider that helps businesses gets their payments without any stress and mess. Bulk payments, speedy payments, timely payments, it commits all to you and has only the best experience to offer to its merchant clients. The company deals in numberless industries and you should certainly get your payment solutions in the most enhanced manner.

WePay API performance is well-known and that is why every year it attracts many customers. The while label API makes the company a strong competitor to its counterparts in the market. In 2017, JPMorgan acquired it. The intelligent risk engine of the payment gateway makes it a good choice for merchants as they can get rid of their insecurities. Get in-person payment support.

Ingenico

This payment platform is perfect for e-commerce businesses and it works with all sizes of businesses like small, medium, and big. Omnichannel payment facility helps merchants expand their business to new locations and earn a big profit. You as a business owner will enjoy simplified payment solutions for your customers, as the payment gateway company removes all complexities.

Ingenico has a good payment acceptance rate, which increases operational efficiency. Convert currency in a short time to help merchants withdraw money. If you are looking for POS solutions, Ingenico is a worthy name. Its swiped rate is 1.00% to 4.99%. Compare its rates with those you have shortlisted but do not only focus on pricing but also give more importance to payment solution features. Ingenico is a reliable name if you want multiple features and facilities.

Payoneer

It has enabled millions of businesses in the UK to grow globally with its network in over 200 countries. In 2019, the company was acquired by, and after that, it expanded its business into merchant services. It provides solutions for risk management and can integrate with all marketplaces with its low-cost solutions. The payment provider has a versatile portfolio; it serves merchants from all industries.

Get paid for your products globally and conveniently and make a fast reach to the new customers. Known as the flexible, fast, and secured payment solution provider, Payoneer has only good experience to offer you. It also has a smart chargeback management policy. You can call anytime to take assistance from its 24×7 customer support service. The company has a team of professionals with experience from every field and industry make the payment solutions suitable for every merchant.

Conclusion

All the above names are best and hand-picked according to their good performance. The purpose of the list is to serve you the right solution irrespective of geographical boundaries. Get in touch with any of these personally and get an affordable deal and start taking payments easily from your customers. A business with a smooth and convenient payment platform for the buyers always attains goodwill easily in the market. Do your research, make comparisons and take a rational and patient decision. Options are many but not all suit your business requirements, RIGHT? However, all the above options are the best ones and you should certainly get your payment partner here.

Best Payment Gateways for UK Online Businesses In 2022

Online businesses in the UK are always in the search of the best payment gateways that can ensure safer transactions between them and their customers. Whether it is a credit card payment, mobile payment, or even cryptocurrency payment that is getting popular nowadays, a good payment gateway is required.

Here is the list of the best payment gateways for UK online businesses in 2022. Have a look, you may find some of the options relatable to your business.

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Opayo

With an uptime percentage of 99.99%, this payment gateway is among the few ones that offer you round-the-clock services. It is certified with a rating of 1 on PCI compliance. It has a 5-star Trustpilot rating, another quality that makes it a rare option. The payment gateway is known for its reliability. Its monthly fee is £32 to £45+and you can do free transactions from 350 to 500. Merchants get a dedicated account manager. It can integrate with all major POS platforms to support multi-currency payments. Virtual terminal and CRM integration are included.

Hand pay Payment Gateway

It is an affordable option, especially for start-up owners. It costs you only £19.99 per month. You can read its reviews because almost all of its customers are happy with its services. Through this gateway, you can receive online payments, e-mail, e-invoices, or even payments over the phone. Integration assistance is available 24×7 and the best part is that Handpay is known for its transparency. No fear of hidden fees can ever annoy you and also it has an extremely honest approach to payment processing.

EskayPay

This payment gateway is known for its global reach and it takes no set-up fee which should be a good point for you to consider shortlisting. The PCI-DSS compliance and chargeback management strategy are two pillar factors that make every merchant ask for its services. Also, the payment gateway has a vast network of acquiring banks and can help you get an offshore merchant account. Eskaypay is among the best online Payment Gateway Providers UK. This gateway company specializes in high-risk payment gateway solutions for industries like online casinos, gaming, IPTV, etc.

PayPal

Another name that does not need any introduction, as it is well-known and has a global reach in over 200 countries. PayPal is popular because it is user-friendly for customers as well as merchants. Customers can make payments even without having an account on PayPal nowadays. Besides, millions of people all over the world already have their accounts on it. The payments are speedy because the bank details and the credit card details are already there. Above all, this gateway company enjoys the trust of merchants and customers all across the globe.

2checkout

The payment gateway has a presence in over 170 countries and it offers tokenized transactions and recurring billing. The payment gateway company is working for 20 years and is known for simplifying transactions for the sellers as well as the buyers. If you talk about the benefits of choosing 2checkout for your business, you can count. It processes credit card transactions globally with a wide range of payment methods including Apple Pay, PayPal, MasterCard, Visa, etc. It provides you with a convenient and single-page checkout system for your shopping cart.

Amazon Pay

AmazonPay is also popular and convenient due to speedy transactions however, its fee is higher compared to the other payment gateways. But the good thing is that one can pay using Alexa. However, you should know that this popular payment gateway does not support payments from PayPal. It is the reason that your research should also be there to take a final decision. If you do not have any dependence on PayPal payments, this gateway option is good for you and worthy to consider for e-commerce and any sort of industry.

TakePayments

This UK-based payment gateway EPOS systems and gives online payment options as well as card machines. However, if your business includes American Express payments, then this payment gateway does not accept it. The gateway has a UK-based account system with customer support for 7-days. It has plugins for almost all e-commerce websites, which means if you are a merchant from this industry, you can shortlist this payment gateway option. With years of experience, this gateway company gives strong competition to its counterparts in the UK. You will not face disappointment with this payment gateway company because it is also known for its professionalism.

Conclusion

The above-mentioned names are significant for every merchant from any industry because these are the popular names. The services are affordable, the reach is global as well as local and the procedures are transparent. However, your research should always be the last thing to take the final decision. Your discretion is the most important thing because association with a payment gateway can leave a long-term impact on your business. To know more about the best payment gateway deals contact here.

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An Insight into Offshore Merchant Account Frequently Asked Questions with Answers

As a payment gateway company, we also help people get an offshore merchant account through our vast network of acquirers. Normally we receive multiple queries from merchants about an offshore merchant account. However, most of them are similar and common with a different ways to ask a question.

But still, we find it necessary to keep informing the merchants now and then about the common but important things. We are working with merchants of different industries for years, but we understand that for the merchants, many things can be as new as a first-time incident. This blog is dedicated to frequently asked questions with relatable answers that are practically applicable.

Why Offshore Merchant Account is more accessible for a Merchant but not an On-Shore Account?

On-shore merchant accounts are indeed less accessible for a merchant if he belongs to any high-risk industry such as casino, forex, etc. The reason is that normally the traditional banking system and conventional financial industry of a country do not support high-risk industry merchants. These businesses are prone to threats like hacking and a higher number of chargebacks. This in turn creates unnecessary complications in the traditional financial system.

The banks and other finance companies cannot forward the threat to the other individual and low-risk business clients. A hacker who is trying to hack a casino player’s account may also intrude and steal the identity of a simple, salaried individual. Money can be taken causing a big loss to the other bank account holders and also to the goodwill of the bank or the finance company.

Why do Offshore Merchant Account Providers Accept High-Risk Merchants?

The simplest answer to this is the commercial benefit of the merchant account providers. Yes, working with a high-risk business can indeed be risky. But in return, the acquirers charge high fees from the high-risk merchants. For the businesses, the deal can be expensive but no need to mention that a payment gateway can help its merchant bargain with the acquirer. But it can usually happen if the payment gateway company connects a merchant with an acquirer from its network. Both the merchant and the merchant account provider have their commercial benefits and that is why offshore providers are ready to accept high-risk businesses.

Payment gateways work in close connection with many merchant account providers. In such a situation when they start processing the payments for a business, they help a merchant get a merchant account. EskayPay, an offshore payment gateway for high-risk merchants helps merchants get their merchant accounts smoothly.

What are the Applicable Fees on an Offshore Merchant Account?

The list is a bit long starting from the application fee and set up fee. Besides that, the MDR which is Merchant Discount Rate, and the TDR which is Transaction Discount Rate are there. Not forget that fixed and monthly transaction fees, refund fees, and chargeback fees are among the most common ones. The chargeback fee can be volatile if the chargeback percentage is not stable. Both are interconnected.

A payment gateway can always help its merchants bargain with the merchant account providers for the most part. EskayPay has done that many times for its client businesses and have helped the businesses get their merchant account. We are ready for you as well if you are a company owner in any risky industry.

What limits are applied by the Processors on an Offshore Merchant Account?

When it comes to high-risk businesses, the merchant account provides always provides the monthly transaction limit and maximum ticket size. On this part, you do not need to worry about anything. The high-risk merchant account solutions are designed to serve only the businesses from risky industries. It is the nature of these accounts and accordingly the fee structure is also different.

A low-risk or medium-risk business cannot get the merchant account designed for a high-risk business. From the industry type to the transaction fee and the ticket size, everything is different. This is why, when it comes to the limits of the transaction of a ticket, the acquiring banks always provide the maximum. The minimum limit to tag a business as high-risk is $ 100, 000 monthly. You can understand if the minimum is big then the provided maximum limit will never disappoint a business owner.

Conclusion

We always get the above questions from our visitors and we immediately solve their concerns. Getting an offshore high-risk merchant account and getting the payment processing done need attention to the details. It is the reason; our clients ask us so many questions when we start working for them. If you want to connect with us personally our customer care services are available 24×7. EskayPay is an established brand and we work to deliver 100% customer satisfaction. Our presence needs your trust and through conversation, we can design your payment gateway solutions. Also, if you need to apply for an offshore merchant account we can connect you to many acquiring banks in our network. Together we can flourish to strengthen your business roots to hold the soil of progress strongly.

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7 Best High-Risk Merchant Account Processors For 2022

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7 Best High-Risk Merchant Account Processors For 2022

Know about the 7 Best High-Risk Merchant Account Processors For 2022

High-risk merchant account processors in 2022 are in big demand because of the uncertain international economy in the past few years. Business owners from the risky industry now need to work on foolproof business plans. After so much loss in the last three years, the businesses especially the high-risk ones cannot bear to have any further loss. Merchant accounts are vital for a smooth commercial operation and also the safety of money transactions.

Here is a list of the best high-risk merchant processors in 2022 –

Host Merchant Services

With a standard contract length of 1 to 3 years, this merchant service provider has a 0$ fee for the qualified merchants otherwise $250–$500 according to the industry. If you look for chargeback protection then YES it does provide that on multiple payment methods. Get mobile payments, card-present payments, virtual terminal, e-commerce payments, and ACH that is Automated Clearing House are available. The merchant service provider is considered good for the small businesses that have the caliber to perform well in the coming years.

Durango

If as a high-risk merchant account seeker, you are looking for a peaceful and hassle-free merchant account solution then Durango is your answer. Get a high-risk merchant account even if your existing account has been terminated or rejected. Businesses with a low credit score can also contact this merchant account processor. Accept diverse payments with multi-currency payments. Get timely help in case of any technical issue in a transaction. The merchant account provider is available 24×7 with its team of professionals.

EskayPay

It is another name that all high-risk merchant account seekers should know. This merchant account provider also provides payment gateway services and credit card processing. It deals with clients from all high-risk industries including casinos, online gaming, IPTV, adult entertainment, etc. The merchant account provider is known for providing speedy transaction service. It has a vast network of acquirers and it can connect you to multiple merchant accounts providing acquiring banks. In short, you can easily end your search for the 7 Best High-Risk merchant account processors for 2022 because it is a reliable name.

Soar Payments

This merchant account provider offers minimum industry pricing and provides instant online quotes with an affordable per transaction fee. It has a vast profile that includes merchants from many high-risk industries. Antiques and collectibles, catering, fantasy sports, hotels and lodging, ammunition and firearms, glassware, health and beauty, martial arts, and much more. The application process of this merchant account provider is simple. Just apply online, get your instant quotes in a few minutes, and once approved start accepting payments. It can be a good choice if you are looking for top high-risk merchant account options.

CorePlay

It can be unfair to you if we miss to include this name in the list of best merchant account processors in 2022. Merchant accounts for every industry are available here which is why this account provider is popular.

It has three prime categories of merchant accounts:-

1) High-risk merchant accounts

2) low-risk merchant accounts

3) Moto merchant accounts

The company provides speedy approval decisions to the merchants and is known in the industry for its transparency. It nullifies the challenge and struggle of choosing the right high-risk merchant account or the right PSP. It also has a strong chargeback management strategy that you can rely upon.

SMB Global

Minimum 3 years of contract with auto-renewal facility, this merchant account provider is also significant for high-risk merchants. However, the company may change its policy on the contract length that you can come to know through conversation. Month-to-month subscription is also possible and the cancellation fee is $500 for every industry. It provides chargeback protection and the payment methods are – Ecommerce (w/fee), mobile payment, card-present, E-check, and ACH.

CARDMAX

The merchant account provider introduces itself as the ‘future of online payments, which sounds right because its merchant account solutions are futuristic. It has internal banking solutions, a multi-bank set up to avoid delays in transactions, and ensures industry-leading approval rates. It is among the fastest-growing companies that provide innovative payment solutions. The industry-based customization helps the merchants get the desired and practical solution for all of their business requirements. The guarantee of the safe landing of the money transactions to its destination whether it is a payment, a chargeback, or currency conversion, makes CARDMAX an icon.

Conclusion

The above-mentioned options are suitable for merchants from all sorts of high-risk industries. They have multiple features in their merchant account solutions and you should feel satisfied with any of them. However, the given list is just like a suggestion based on the industry research, the final decision always depends on the discretion of the merchant. But one thing is important to understand here. No matter how good is the merchant account provider, you should always try to control your chargeback and other business issues. It is because your business gets faster approval for a merchant account if the acquirer notices that you efficiently control your business.

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Global Payment Gateway Trends of 2022

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2022 Trends in The Global Payment Gateway Industry

The global payment gateway industry has flourished impressively in past few years. Especially the last three years saw a big boom in the world of payment gateway due to online business demand during the pandemic. In 2022 we can see a completely new picture of gateway companies in the form of enhancement in their services. The merchants, who are the prime consumers of payment gateway services, should always be aware of the latest trends in this industry. Here are those with a brief description of every point about the latest trend.

Cryptocurrency Payments are Knocking on the Door

The global payment gateway companies are always one step forward when it comes to embracing a new trend. There can be no doubt in the fact that cryptocurrency is the talk of the town for a long time. Now it has made its space a payment option. In recent polls done by some brands, many customers suggested that crypto payments should be offered.

Microsoft accepted crypto payments in 2014 and today in 2022 we cannot deny that it is the reality of the coming years. The payment gateways that will not work by the end of the year 2022, may regret missing good merchant clients.

Cryptocurrency is the currency of the future. However, the international economy is not ready to authenticate it much because still in many countries it is now a lawfully accepted currency. But when it comes to high-risk businesses such as online casinos, crypto is a futuristic payment option.

Global Payment Gateway Infrastructure Needs Investment in Modernization

Payment infrastructure modernization is the immediate need of all industries, especially the high-risk ones. After the pandemic, all businesses have become insecure about their future growth. The rising demand for contactless payment methods in the past three years makes it necessary to modernize their payment methods.

To improve the agility and adaptability to the changing market scenario, businesses owners are desperate to work on contactless payment modes. The changes that happened in the international economy in the last few years were unprecedented. It is not only about the lockdown condition of the past months or years but also the need for the future.

With more attention to eco-friendly economies, the global payment gateway providers are destined to provide smart online payment systems to merchants. Business owners cannot take any risk of losing their business and their customers. Also, the latter want comfort to pay for a product or service. To put it in simpler words modernization of payment gateways is the need of the hour and also fulfills mutual concerns of the merchants and their customers.

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The Global Payment Gateway Industry in Integrated Saas Platforms is Gaining Importance

Multi-tasking is always in demand in the modern world whether it is a person or software or a machine. Anything and anyone that can serve multiple purposes at the same time is always in demand. As a new trend in the payment processing and payment gateway world, SaaS is Software as a service platform that solves many purposes.

SaaS has become a promising platform for processing payments for a merchant’s customers. At the same time, it also provides financial products to the business owners such as business loans, payment cards, etc. The SaaS is all about an integrated platform with multiple services for the merchants as well as for their customers.

However, not all the businesses have started working on it completely but yes, the merchants are aware of it. They even have plans to start working on it soon. The reason is that all industries and businesses are aware of it because they know the time is changing. SaaS is a promising payment acquisition channel and it has all the capacity to take a business to the heights of its growth. For the financial progress of a company, it is the evident reality that every business needs to accept for smoother operations and safer existence in competition.

Conclusion

The global merchant accounts are working in a completely new atmosphere. Yes, there are uncertainties around us that affect the international economy and in turn businesses that ask to enhance payment methods. But thanks to technology every time a challenge appears in front of the merchants, the payment gateway industry comes up with a solution. As you can read the point of SaaS above, it is simpler to understand what the future shape of the payment processing industry is.

EskayPay, the global payment gateway provider is in close touch with all the above trends of payment gateways in 2022. We enhance our system and infrastructure now and then. It is the reason that we satisfy our merchant clients that belong to all types of high-risk industries. No need to mention that we have the best resources and a team of experts. The immediate and 24×7 support system never leaves you unattended during confusion or technical or operational issues. However, with us, you hardly face any problems.

Online Payment Gateway Georgia

How a Payment Gateway in Georgia Gives Ready-Made Payment Solutions to Merchants?

Payment gateway solutions are now much more advanced, as, in the last few years especially after the pandemic; merchants are more inclined to online business. The switch is fast in the high-risk businesses such as casinos that are now run online to avoid any uncertain and unpredictable situations.

The payments are taken online from the customers but that calls for uncompromised security for the money transfer between the customer and the merchant. Sometimes, businesses have to refund the buyers, at that time also, a transaction should be safe. Also, the secrecy of customer data is a big concern. All concerns are solved by payment gateway providers.

Below are the aspects that reveal how the merchants get the ready-made solutions to operate their businesses smoothly.

One-Page Payment Gateway In Georgia with all Features is More Popular

The merchants do not need to worry about multiple payment pages that irritate their customers. An advanced payment gateway in Georgia provides a one-page payment plan with all vital features. It will be PCI-DSS compliant, easy integration, invoicing option, multiple payment options on the same page, etc. are always present.

The merchants, as well as the buyers of services or products, always like one-page payment processing. No one likes to mind-boggle with multiple gatekeepers while paying after a purchase. EskayPay payment gateway in Georgia is completely equipped with all qualities of the best payment solutions. You can always contact us day, night anytime to know how we can help you run your business hassle-free.

Customized Chargeback Management Strategy According to Industry Type

Every industry especially every high-risk industry is prone to some threats and chargeback is one among them. The payment gateway companies in Georgia make customized chargeback management strategies according to the business type.

For example, some businesses are more prone to friendly fraud such as IPTV, in which users can ask for a chargeback. From poor video quality to vulgar content, they have many reasons to mention. The users first use a service or product and claim a chargeback for their credit card payments. Normally banks and credit card companies favor the users because they are their customers. Through chargeback management strategy, payment gateways can spot such customers who repeatedly make chargeback demands. Payments from such customers can be stopped before transaction completion to leave them for the merchant’s final decision.

Many Payment Options Make a Payment Gateway in Georgia Practically Useful

Payment gateways in Georgia provide all popular payment options for the comfort of the businesses and their customers. It is not only about comfort but also the demand of the time. As we know the finance industry has become quite rich in a variety of financial products. Bank transfers and cash payments are the things of old times, now people need faster payments to buy things immediately.

Mobile payments, web money, cryptocurrency payments, e-wallets, etc. are vital to install in the payment system for a merchant. A local payment gateway in Georgia always knows what the merchants want. According to the needs of the business and its industry type, payment gateway companies help customers get rid of delays that happen in bank transfers.

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How does EskayPay Provide the Best Solutions as a Payment Gateway in Georgia?

With years of experience and availability of all payment gateway tools including the in-built fraud detection methods, we help you ensure safer transactions. Bulk transactions for high-risk merchants are a big task but we connect you with more than one merchant account provider. In case of any congestion in the payment network, our system transfers the transaction to another acquirer.

Our payment solutions are compliant with payment card industry data security standards. As a payment gateway company, we follow all decided rules, as we help businesses become a brand. It is simple to understand for us that a merchant lives more on his goodwill and that comes with trustworthiness. Businesses who can take good care of the money and the financial details of the customers always become popular.

Let Eskaypay handle all your mess of business transactions because we know how varied industries work. Our portfolio shows the clients and types of industries we have worked for. Worldwide payment gateway companies try to provide the best experience. It feels good to inform you that EskayPay satisfies every merchant it works with. You are here for a reason and we can help you get the best payment solutions in Georgia.

Conclusion

The mentioned aspects reveal the requirement of the Georgian merchants and also how the payment gateways in Georgia solve them. EskayPay works with many merchants from Georgia and we have a vast network there. We can assure you that all the above features and traits of a good payment gateway are already present in our solutions. Our need is that you explain to us about your business in a detailed manner because we can also help you get a merchant account. With our widespread global network in all industries especially the high-risk ones, you can run a successful business.

Tags: Gambling Payment Gateway, High risk Merchant Account, International Payment Gateway, Casino Merchant Account, IPTV Payment Gateway