High-Risk is a term that acquiring banks utilize for industries that are currently at high-risk and have greater chances of higher financial loss than standard risk accounts. There are several reasons why industries are classified as high-risk. One of the most common reasons that the industry is classified as high-risk is that the industry has a greater no. of chargebacks or is susceptible to a higher number of fraud cases and treachery activities due to the product or service. One of the other reasons depends on the model of the business. Is your business representing a recurring and subscription billing model if this is the case then you are considered to be high-risk? We at PayCly provide you with the high-risk merchant account instant approval that will allow you to manage your payment transactions and allow you to have smooth and flexible payment transactions.
How you sell out your product or service affects the risk factor. For example; MLM business, Affiliate marketing, direct sales, and e-commerce all these businesses are considered to be high risk because of the high chargebacks but when it comes to retail business it is not considered to be high risk. There are other acquiring banks that deny accepting certain merchants and consider them as “reputational risk” such as adult entertainment.
There are some other elements that define the nature of the business such as Products, services, and delivery times can also be the reason for a merchant to be classified as high-risk. Tour businesses are considered to be high risk because trips are booked in advance. Targeted markets and merchants involved with the international market may also be the prime factor for the classification of the business under a certain nature. Hire a High-Risk Merchant Account Provider who can help you get the right processor that can allow you to have smooth and flexible payment transactions.
Looking for a high-risk merchant account? You’ve landed at the right place. We are specialized in providing high-volume payment processing accounts for high-risk merchants. Get yourself a business account that can help you stabilize your business transactions.
Advantages of High-Risk Business Account
There are certain advantages to getting a payment gateway. You got multiple features such as multiple currency availability, different payment option, a higher stable network, and other benefits. We at PayCly get you multiple featured merchant accounts that can understand your business and provide you with the solution required to meet the needs of your business. Here is the list of benefits that you can have:
Competitive Rates– You can get the payment processor at a low rate which can’t be compared to other competitors.
Instant Approvals– If you have met all the terms and conditions for getting the account then you would certainly get quick approvals.
Banking Solutions– You have the liberty to gain access to a wider network of international banks that are friendly with high-risk industries.
High Volume Card Processing– You can get the capacity of your need to do business.
ACH & E-check mode of Payments– Higher chances to attract international customers.
International Payment Methods– It will increase your sale by 40 % of the merchants have increased their sales by allowing international payment methods.
PCI-DSS Compliance- High-level security will help you secure your payment transaction and customer personal information.
Chargeback Prevention– This allows you to control your chargebacks.
Fraud Prevention Mechanism- It will protect you from fraud or any kind of treachery that is harmful to your business.
Flexible Customer Service– 24*7 customer support service to help you whenever you require assistance. Our customer care executives are dedicated to driving you to success.
You can get all these features with the payment gateway. Get a better payment transaction mechanism for your e-commerce business.
Merchant Accounts for high-risk payment transactions
CBD business is related to selling marijuana plants and hemp plants. However, it is only considered legal when it is utilized for medical purposes. Though some merchants are misleading the people and using it for mind-altering effects and getting high. Because of the involvement of such risky tricks, it is considered to be a high-risk merchant account. Government pulls out these merchants for practicing such ill-legal products or services. PayCly is the leading payment gateway provider that will help you out by providing CBD Oil Payment Processor to secure all your payment transactions.
Online dating is one of the fastest-growing industries that are reaching out to a massive audience all over the world. The merchandise is growing exponentially and has been successful in securing over $3 billion per year. These businesses are currently making marginal profits. Most people in America have widely accepted that these sites are effective for getting connected to new people all around the world. Since the industry involves so much of people’s engagements. Since more engagements give rise higher number of chargebacks hence it is a high-risk industry. We intend to provide a merchant account solution for these businesses as well.
E-Cigarettes are one of the most prominent merchandise with a net worth of $3.5 billion. The merchandise is getting popularity due to the increase in the consumption of e-juices, hookahs, and vaping. The business is expanding by getting a high volume of sales. While enrolling people who have never smoked a cigarette before. They are getting it to the customers by saying that they are providing a healthy way of leaving traditional cigarettes. The survey shows that 3.2 % of the people who have never smoked before have tried e-cigs. Since the industry is making so much profit, merchants are making more money from its e-Cigarette Payment Gateway can help you provide a safe and secure payment transaction for your business.
PayCly is the leading payment gateway provider that is helping merchants in Singapore to get their dream businesses running. We have years of experience in providing PSP to merchants all around the world irrespective of the high or low volume size. We also help high-risk businesses by providing High-Risk Merchant accounts to merchants in order to provide them with smooth and flexible payment transactions.