High Risk Merchant Accounts

Forex trading is much like a stock market where the price of currency forecast is predicted.  Forex traders will buy currencies whose values they think will trigger in their favor. Usually, a vast majority of trade activities happen in the forex market between institutional traders, banks, and multinational corporations.       

Currencies are important to people all over the world. To conduct foreign trade, currencies must be exchanged. It is a global decentralized market for the exchange of monetary forms. The remote trade is decided by this market.

People nowadays prefer online trading, and as a result, the FX market is expanding at an exponential rate. As a result, Payment Gateway Integration is critical for any FX website. If you are in the online business, you must be aware of the significance of Payment Gateway.

It enables your website to accept real-time payments from customers while remaining secure and encrypted. The integration eliminates the need for manual payment entries, human data entry errors. It also eliminates the need to collect payments through less secure means, and long chains of follow-ups within your organization.

Forex is considered a high-risk industry because of its potential chargeback, high losses and various other reasons. This is also the reason why major banks or financial institutions avoid providing these industries with a merchant account.

Why Forex is considered as the High-Risk Industry?

Here are some of the potential reasons why the industry is considered a High-Risk Industry.

Potential chargebacks: Chargebacks plague most high-risk industries, ultimately costing not only the merchant but also the banks/processors. There is a risk of chargebacks from investors who have lost money when dealing with Forex. These losers may try to dispute specific transactions by issuing chargebacks.

Inadequate financial documentation: The more information you can provide, the more effectively your merchant account will be applied. Forex traders will need proper documentation for both personal and business purposes, which means bank statements for both. You will not be able to find a merchant account provider if you cannot prove and financial information.

Money Laundering: The Forex industry can be used to launder money, which is a major concern for processors. Strong anti-money laundering policies, as well as legal policies on your website, can help mitigate some of this risk.

At EskayPay, we understand that every business is unique and has unique needs. We have Forex Merchant Account solution that will meet your needs, and we can also build you an E-commerce website with an integrated payment gateway or payment options.

How to get Forex Trading Merchant Account?

• Fill out the online application form with all of your company’s information, your valid business owner identification, up to three months’ worth of bank statements, and the documents of incorporation. If additional documents are required, our team will notify you.
• After one of our team members has reviewed your application form, one of our professionals will contact you to discuss your business needs in greater detail.
• With our years of experience, we will assist you in selecting a merchant account service that is appropriate for your business.
• Once your application has been approved, you will be able to accept online payments and grow your business to new heights.

With our highly experienced professionals, we cater to your every business need and strive to provide you with the best experience possible while making the process simple and quick. Contact us right away to gain immediate access to your online merchant account and take your business to new heights.

How can Eskaypay help you assisting with your business?  

For years, the forex industry has been steadily growing, and it will continue to do so as more people recognize it as a good investment vehicle or currency converter package. If you want to attract investors who already invest in foreign currencies, this could be your primary source of new clients. It’s really no different than any other type of business in that you can be successful as long as you have a solid forex trading strategy.

If you are in the Forex trading industry, you can look for a safe way out through a payment processor like EskayPay. You can look for more secure payouts for your company. As a merchant, you can easily handle all of your payments with this process. Simply contact the experts for alternatives, and they will provide a Forex Payment Gateway solution to your business

So you’ve started the company of your dreams. It has been doing well for the past two years, and an increasing number of customers are interested in your products or services. You’ve also made enough money and saved it in the bank.

If this is the current state of your company, it must be doing very well. You can open a merchant account, especially if your customer base is expanding and in need of a more convenient payment method.

Doing business in this manner can be beneficial to your company. Your customers can pay with their debit or credit cards when you use a merchant account. This is an extremely convenient method of conducting financial transactions.

These accounts can be opened in conjunction with payment processors such as Visa, American Express, and MasterCard, among others. If a small business is successful, has a storefront, and has been in business for two years or more, it can open a merchant account. Depending on the bank’s policies, the policies would differ.

Having your own gaming company could grow faster than you think. Entrepreneurs all over the world have signed up for merchant accounts in order to expand their client base. There are numerous advantages to offering different payment methods to customers in order to help your business grow.

Getting a merchant account for your online business has numerous advantages. A payment processor will assist you in accepting various types of credit cards from your customers. You will also be able to accept payments from American Express, Discover, Visa, and MasterCard, allowing you to expand your business globally.

With this type of setup, your company’s regular profits will more than double when compared to when you only cater to people in your immediate vicinity. Because of the large number of people who are connected to the internet on a daily basis, many businesses are now utilizing the internet as a means of gaining more customers.

EskayPay is a payment processor company who is effortlessly trying to make payment easy for industries. We provides a variety of services such as merchant account, Payment Gateway for Gaming, digital wallets, and so on, reducing the amount of work required by its clients for a simple online transaction.

Benefits of having Casino Merchant Account Facility

A gaming or casino merchant account can significantly increase your sales. Not only will you benefit from this type of transaction, but so will your customers. They can take advantage of the ease with which they can make a purchase compared to previous years.

• When you accept credit card payments from your customers, you will be perceived as a growing, evolving business. They will naturally associate a certain level of trust with your company, which will earn you brownie points.
• Today, credit cards account for the vast majority of transactions. You will almost certainly notice an increase in sales right away. More sales equal higher profits, which leads to increased business growth.
• You will be able to sell almost anything online. There is a whole new market out there and you can make your move sooner rather than later.
• It will allow for the immediate transfer of funds into your account, allowing you to maintain cash flow in your account.
• Credit card transactions are typically much higher in volume, which increases your income significantly.
• You can get them without much difficulty or expense.

How to set up an online gaming merchant account?

Such businesses may have difficulty locating an account provider to meet their credit card processing needs. This is due to the fact that most banks and other financial institutions are now wary of providing merchant services to businesses. This is due to the high risk of credit card fraud and other problems associated with such transactions.

Account providers may need to consider the applicant’s length of time in the business, as well as his chargeback history. If an applicant has very few chargebacks and has been in the business for a long time, the provider is likely to open an account for the applicant. It will also take several weeks to approve such an account.

Setting up an account may be more expensive than a standard one due to higher credit card processing rates. Rates or fees, on the other hand, differ from one provider to the next. The good news is that these account providers do not require initial security deposits for their accounts.

EskayPay is a well-known payment processing company that caters to all sizes of online businesses. If you integrate our payment solutions into your business, it will greatly benefit your customers. We at EskayPay helps in setting up the Gaming Payment Gateway that will allow the gaming merchant to enjoy tremendous growth for their business.  

If you run an online business, you might want to be able to accept credit cards online. Those who run high-risk businesses, such as an online pharmacy, an adult website, or a gaming site, will need to open a high-risk merchant account. However, you should have a basic understanding of how it works.

Consider the benefits of obtaining a high-risk merchant account. The main thing it will enable you to do is accept orders from all over the world. When the account allows you to bill in different currencies, your business will not be limited to your home country. It will also provide you with real-time billing and allow your company to accept all major credit cards.

How are online businesses becoming easier to operate under a high-risk merchant account?

Your main concern at first will be being accepted for an account. To qualify for an account, they will first review your credit report as well as any previous merchant accounts you have had. As with any financial account, the better your credit rating, the more likely you are to qualify.

Operating an online business can be one of the most rewarding experiences you can have, but you must ensure that you are conducting business properly. Understanding how a high-risk merchant account works and how it can help your business will make it that much more successful.

We also have firms with affiliations located all over the world with experts who can provide you with a variety of ways to improve your business in terms of the product or service you provide. They specialize in alternative payment methods that provide business security. The best merchant solutions are those that are constantly gathering information by using the right technology to promote the most recent payment solutions to their merchants.

There are some business owners who are having difficulty being acquired by banks and credit card processors due to fraud and the risk factor itself; however, there are many institutions that can offer you the best service for online payment solutions these days. You will be exposed to and benefit from innovative High-Risk Credit Card Processing Services.

Eskaypay encapsulates your best interest of services that can help you locate a significant place in the online world. We provide a range of services that includes credit card processing, high-risk merchant account solutions, payment gateway, net banking solutions, etc.

Enhanced security features with merchant account

Working with a reputable and reliable service provider to obtain a merchant account increases the likelihood that the data on the card for customers is secure. Many of these service providers are certified, which requires them to adhere to certain security standards. They also use advanced technology to detect fraud, ensuring that your debit and credit card information is always secure.

Some recent studies have also revealed that many customers are concerned about fraud. As a result, if your potential and current customers are aware that you maintain stringent security measures, they can rest assured that their information is secure. As a result, they can purchase your products or services through your online store.

Accepting different currencies

Another significant advantage of obtaining a merchant account is that your business will be able to accept multiple currencies. It means you’ll be able to serve a large number of customers all over the world. In other words, these customers will be able to pay for your goods and services in their own currency. This can significantly improve the payment process for your international clients. The truth is that when it is simple to make payments, many customers will return to buy your products or services.

In order for your company to begin accepting these types of payments, the merchant service provider must open a merchant account in each currency on your behalf. You can occasionally find payment service providers who provide accounts in multiple currencies. They create these accounts in their own names to make it easier for you to manage them. They can also assist you in accepting multiple currencies in an instant and with minimal effort. When you create this account, you can do account debit or credit card processing in any currency, and you can choose to credit the account with money in any currency.

We at EskayPay assist the merchant with the most reliable risk management service, which will use various methods to reduce your fraud and chargebacks. Our high-risk merchant processing services will ensure that you will have enhanced security protection against chargeback and fraud. Our expert team will strive for customer satisfaction in order to reduce chargebacks.

Profits can be made in many parts of the world in today’s fast-paced international world. However, not all individuals and businesses have figured out the most effective way to make and keep profits with an international offshore business.

There are several factors to consider when establishing an offshore company. Determine the type of company and services you require, the number of people who will be involved in the business, and the offshore jurisdiction that best suits your needs.

Any type of business venture necessitates research. This is especially important if you want to start an offshore business. Understand the various legal forms for offshore companies, as well as their respective characteristics and features.

Consider the requirements for each legal form and whether they meet your needs. Check out the rules and laws in each offshore location as well so you know where to locate your company’s processes and transactions.

Once you have all of the information, you should start looking for a company that can assist you with company formation. These companies will provide you with the fundamental services required to establish an offshore company. They will also advise you on how to proceed and will assist you throughout the entire process. The service fee will also vary according to your requirements.

Different benefits of having an offshore business

1. Reduced Tax Benefits: An offshore company provides you with tax advantages. When compared to onshore businesses, an offshore business or company avoids paying higher taxes.

2. Simple operations and reporting: With the exception of some regulated corporations such as banks or other legal financial institutions, few jurisdictions make it reasonably simple to set up and sustain businesses, particularly in terms of easier and simpler reporting requirements than so-called onshore jurisdictions.

3. Legal-Asset Protection: By making it more confidential and private, an offshore business formation and company provides legal asset protection.

4. Fees: Offshore jurisdictions charge significantly lower fees than onshore jurisdictions. Thus, incorporating a business in a jurisdiction with lower fees increases the motivation for an offshore business formation.

The EskayPay platform is simple and easy to use, making it an excellent choice for both new and experienced sellers. You can easily boost your business transactions with mobile wallets. You can get instant payments quickly and easily with our Offshore Payment Gateway High-Risk.

Certain Factors that needs to be considered while setup an offshore business

Many businesses are already interested in forming offshore companies. This is typically set up in countries with low or no taxation, such as Hong Kong, Panama, and many others. In addition, regulations are lax and business-friendly. Entrepreneurs see this as an opportunity to earn more money while improving and growing their businesses.

Certain factors must be considered before establishing an offshore business setup.

• For starters, the company cannot own real estate in the country where it was founded.
• Second, it cannot conduct business with entities or individuals based in the same country.
• Finally, the company formation may not own any shares or stocks in any local company in the same country in which it was formed.

The offshore company must be registered, including its location, name, structure, and operations. Tax registration is required, and the process varies depending on the location of the company. You may require the assistance of an offshore law firm to incorporate. It must also be registered in the jurisdiction where it was formed and where it will operate. Make certain that you have completed all of the requirements and have paid the fees associated with these registrations.

Don’t delay in setting up your offshore business

For far too long, you’ve probably heard about people forming offshore corporations to take advantage of tax breaks. It’s time to start your own business in a place where your taxes are lower and you have the opportunity to expand your trade. When it comes to creating an offshore, not all locations can be the best in terms of low tax jurisdictions and the safety of assets and business.

EskayPay has partnerships with the majority of merchant account providers, allowing its users to accept payments from major credit cards, debit cards, digital payments, e-checks, and foreign payments from most countries. We ensure our merchant’s safe and secure cross-border payments by providing them with the Offshore Payment Processor so that the merchant can have secure payment transactions.

In contrast to traditional merchant transaction processing, the cutting-edge payment gateway solution must fulfill exceptionally high reliability and efficiency standards in order to handle the enormous transaction volume of the casino gaming sector.

Players have two options after joining an online casino: they can play for fun in the site’s practice mode, or they can play for real money. The latter choice, without a doubt, is the more popular of the two, simply because of the enjoyment, challenge, and, of course, benefits.

Customers can fund their accounts in a variety of ways at a good online casino. Not all payment methods are suitable for all players, and a respectable site will offer a variety of options for consumers to select from, depending on their gambling habits, geographical area, and the laws dictating how they may or may not gamble.

In the gaming industry, the use of merchant accounts for online casinos is frequent. They pose significant risks to all participants in the process because they are frequently accompanied by chargeback and fraud by gambling enthusiasts.

We, at EskayPay provide a relevant and tailored payment solution to casino businesses. At the same time, we provide them with an online casino merchant account that will protect the merchant from higher chargebacks and provide them with an easy and flexible payment solution.

How to check which service provider is suitable for your casino business?

The credibility of the casino payment gateway is where the ball starts and stops. On this score, it is critical to determine the payment processor’s credibility before acquiring any of the services. This can be accomplished in a few simple ways: Perform a Google search on the company’s name, including words like fraud, complaints, rip-off, and other similar terms. Unresolved complaints and unethical practices, such as withholding money, are likely to be reported in some way by previous disgruntled clients, who are not afraid to express their displeasure.

Security and Fraud Detection Aspect of Casino Payment Gateway

Another critical factor is security, which goes without saying. The payment processor must be able to demonstrate adequate tools for managing a variety of aspects, including data protection and transaction security. Furthermore, they must be able to demonstrate the use of high-level encryption for all server-to-server communication. While you’re at it, it can’t hurt to inquire about the payment gateway’s PCI level, which is an acronym for the payment card industry and refers to their data security standard. All payment processors, including gambling payment gateways, must be fully PCI compliant as a prerequisite.

Fraud detection is critical in the online gaming industry, and it is frequently the sole factor that determines a company’s success or failure. A good question to ask to determine this is, “What risk-mitigation features do you offer in your gateway service?”

Simple and easy Integration

Making things easier for yourself is always the goal in life, and this is no different with your payment gateway provider. Choose the most intelligent casino payment processor today and reap the benefits later. As an easily integrated program, it will continue to provide smooth and uninterrupted transactions time after time. In contrast, the casino payment gateway is cumbersome and necessitates complicated implementation procedures. Focus on the technical aspects of your business rather than the profitable operation of your company. Unnecessary procedures can lead to errors in payment transactions, affecting client experience and, ultimately, resulting in a loss of business.

It’s also worth investigating what technology they use and whether they process payments in real-time or asynchronously. Keep in mind that if a payment processor insists on using a specific software developer and is unwilling to compromise, this may be reason enough to avoid using them.

Finally the cost of Casino Payment Gateways

Cost is the one essential factor when deciding to acquire a new service, so considering the cost is also critical. Gambling payment gateways typically charge based on the number of transactions, but it is critical to ensure that there are no hidden costs that were not disclosed prior to signing any agreement.

Eskaypay is helping the merchants who are dealing in the casino business by providing the best payment gateway for casinos, too, at reasonable prices. We incorporate the latest and most innovative payment gateway solution that will provide you with a robust feature set for better manageability of your business payments.

With the rapid growth of eCommerce around the world, both local and international online merchants can now use offshore services to unleash numerous business opportunities.

Furthermore, the rapidly increasing global internet penetration, advancements in mobile payment technology, and an increase in the use of smartphones and mobile wallets for a variety of activities are some of the key drivers driving International payment gateway market expansion.

People can now do practically everything online. It is now a matter of convenience to make a deposit, write a check, or pay your energy bills. All of these things can be done from the comfort of their own home using their computer.

Advancement in technology results in higher cross-border payments

Online shopping, in particular, is one of the most profitable areas of online banking. Hence, these transactions demand safe online payment systems.

Online buyers want a flawless purchasing experience, which necessitates good service as well as simple payment alternatives. When customers buy things on a website, online merchants provide them with a variety of payment choices. Choosing the correct online payment method might be difficult with so many options.

Many people still prefer to pay for things online with credit cards. The rise in credit card fraud and identity theft has made many people wary of using their credit cards online. This has also pushed credit card firms to beef up their security procedures; Visa and MasterCard are widely used by online businesses and are secure to use since they employ security precautions.

EskayPay is one of the leading market players in the online payment processing world. We simply act to diagnose the streaming of payments so that our merchants can enjoy the benefit of smooth and flexible payment transactions. We promise to maintain the highest industry standards with our International Online Payment Gateway so that global expansion will no longer remain a dream for our merchants.

How does international payment processing work?

The card schemes have divided the world into regions. To obtain processing in a particular region, you must have a legal entity registered in that region. They may try to demand physical presence in some cases, but there are fairly simple ways around this.

Each region has its own set of interchange tables. Interchange tables are the most basic fees that card schemes charge to process transactions. Don’t get distracted; you’ll never pay the interchange rates because an MSP will mark up those rates to obtain their share. And it may be marked up several times depending on how many intermediaries are involved in delivering the end result. In general, these organizations will charge anywhere between 0.15 percent and 1 percent more when doing high-risk business. And less when doing low-risk business, and more when doing low-volume business, and less when doing high-volume business. The reasoning is simple: providers need to make money, and the higher the processing volume, the less they need to mark it up to be profitable.

International Regulation and Cross-border payment limitation

Some products simply cannot be sold. Hence, it will not be accepted in certain regions, such as gambling-related transactions, health products, pharmaceuticals, porn, and so on. Depending on where you live, you may not be able to obtain processing. On the other hand, if you can set up your processing in a different region, you may not have any problems at all.

Currency is a similar issue. If you process in the United States, for example, you may only be able to accept USD. For some purposes, if you’re in Canada, you’ll most likely be able to accept USD and CAD, as well as possibly EUR and GBP, though this is unlikely. If you’re in Europe, you’ll most likely be able to accept a wide range of currencies. This may or may not be useful depending on the nature of your business, the location of your customers, and so on, but it is another advantage of being adaptable.

Rising eCommerce sales and faster internet speeds are expected to propel the payment processing solutions industry forward. Because of modern payments, smartphone transactions, and the increased use of online credit card payments, retail is moving away from traditional business models.

Choose the right payment method to grow your business internationally

Retailers are focusing their efforts on developing innovative mobile payment applications, risk management, and online and offline customer service. While some aspects of this evolution will occur naturally, there will be numerous opportunities for various parties to shape the outcome.

We at EskayPay offer an easy-to-use payment system with user-friendly plug-ins and software that will help you get a smooth and flexible payment transaction for your business. Our advanced technological resources allow us to offer recurring bill payments to merchants with subscription-based services. We include the Best International Payment Processor for merchants looking for cross-border payments or planning to expand their business overseas.