“1.06 billion credit cards in use in the United States of America” (Shift Credit Card Processing)
With multitudes of credit cards working in the country USA, a merchant needs to associate the business with the requirements too. Therefore, card payments, especially credit cards, will hold a solid ground for the business. There are different generations of consumers paying for goods, services, or merchandise. Hence, you need to accept payments from every audience.
Credit card binds every type of consumer together with ease and convenience of payments. Mobility adds to the processing of credit cards. Therefore, no more traditional ways to process the payments over the POS terminals. The new mode of online payment through credit cards is a card-not-present payment method. However, the millennials are one of the primary consumer bases of the merchant.
How does the Millenial change the aspect of Credit Card Processing?
The working environment around the globe is slowly pushing towards the particular generation. Therefore, they will form the driving force of any business. On the other hand, multiple problems surround them with the usage of credit cards. Some of them look completely like a debt. How does it change a merchant’s business?
Though it sounds out of context, a person with multiple debts over the head won’t try to pay through credit cards. However, surveys suggest that about 20 to 25% of millennial pays through credit cards even though they are in debt.
The reason for it is the convenience a credit card offers to the consumer crosses the boundaries of debt. Furthermore, the passive rewards for the purchase help the consumer exponentially. eMerchantPro’s Credit Card Processing capabilities gives a new light to a business trying to push their business forward. It allows a merchant to help 80% of the US-based audience to use their credit cards. A Business becomes quite profound when it reaches a bigger consumer base.
The Credit Card Processing facility ensures a reliable solution for processing the card payments on the website. Learn more about eMerchantPro’s solution!
Merchant Account Instant Approvals for Quicker Time to Digital Ecosystem
Globally, High-Risk Businesses are experiencing a change. These corporations were made possible by business digitalization in the wake of the post-pandemic environment. Furthermore, it was especially beneficial for high-risk companies.
Merchant Service Providers Instant Approval for High-Risk Merchant Accounts proves to be a vital support tool for businesses. Important note: Choosing the right merchant service provider is crucial. This blog will provide greater visibility to the benefits and services of selecting one of the top merchant service providers worldwide.
A merchant’s most important attraction is its international reach. The same concept is at the heart of the services.
How to get Instant Approval for a High-Risk Merchant Account?
Merchant Service Providers must be skilled in networking. Expertise in the industry is also crucial for businesses to obtain high-risk merchant accounts instant approval.
eMerchantPro has connections with many banks around the globe. The banks are very cooperative with the high-risk factor. Getting Instant Approval from a network of acquiring banks smoothens the business.
eMerchantPro’s 15 years of business experience can help you choose the merchant account that is right for you. We won’t force you to get one. Our merchant assisting team will help you get a merchant account. Moreover, it will help your business transition seamlessly to online payments.
Merchant accounts are required to accept online payments from consumers. A merchant account is a primary requirement for quick disbursement by a corporation to get started with an online business. Hence, it is where eMerchantPro’s experience comes in handy.
What do You Need to Know?
To get approved for a merchant account, you need to have a good credit score and cash flow. However, it does not hurt to do your research and ensure you have got everything in order before starting this process. You will want the best chance possible of getting approved. The High-Risk Merchant Account Instant Approval idea is a significant part of a payment service provider. However, to reach them, you need to have some basic parameters in check.
If you do not know what to expect when applying for a merchant account, here is what we recommend:
● You must do your research on the payment service provider that you are interested in applying with. The initial stages are like their funding requirements and application process.
● Find out how much money you need for your business and if you are not meeting the requirements, be proactive about raising funds.
● Contact the service provider early on in the process and ask questions so that they can help tailor a plan for your business.
What are the Benefits of eMerchantPro for your Business?
Security
The merchant account must be secure before you can do anything else. A merchant account must comply with the standards of the data security council. It ensures the standard security of the merchant account and enhances the payments too.
eMerchantPro’s merchant account is PCI DSS compliant Level 1 and allows payment acceptance via a secured channel. Furthermore, the payment processing channel requires ample safety of processing as well. It ensures that the payments route through a secure gateway. Multi-Factor Authentication is the factor in charge of the initial authentication support.
Mult-Currency Support
We know that global reach is essential for your business. The merchant account allows you to expand your business worldwide by providing multiple currency support. Your business will be able to accept payments in their preferred method of payment, which can help you stand out from the crowd.
eMerchantPro makes sure that your merchant account can accept multiple currencies. It helps reaching the global platform easy and seamless.
Multiple payment methods
A High-Risk Merchant account with only one payment method is not an option. Furthermore, it limits your business’s reach. A merchant account that can accept card payments, net banking, eWallets, and Cryptocurrency allows companies to grow faster than their competitors.
Therefore, a business must have access to a variety of payment options for a variety of audience. It keeps the payment gateway cohesive.
A payment processing channel
A high-risk merchant account instant approval is for businesses looking to obtain a payment gateway quickly. eMerchantPro offers both a merchant account and a payment gateway to businesses. Thus, it ensures that payments can be processed seamlessly from your website to your merchant accounts.
Moreover, it will dramatically reduce the hassle of paying for your high-risk businesses. Instant approval for a business allows your business to quickly to reach the digital ecosystem.
Fraud Prevention
High-risk businesses are more susceptible to fraud. The Payment Gateway has fraud prevention tools that prevent fraud from being committed. eMerchantPro uses AVS and CVV Checker, Geolocation tracking, Fraud Scoring, and Multi-Factor Authentication Security.
These tools strengthen the authentication and verification of payments made on the website. All these tools ensure that fraudsters cannot access the transactions.
Chargeback Protection
Second, in line with a company’s collapse is chargebacks. eMerchantPro, however, offers merchants complete chargeback protection. It implies that we will pay all charges associated with a chargeback against your business. Hence, there will be a lower chargeback rate for your business and will improve the business’s quality and payments.
eMerchantPro’s merchant services and payment solutions expertise is unmatchable by other service providers. Hence, it results in faster payment processing and a better brand image worldwide.
Complete Merchant Assistance and 24-hour Support
Our expert team can help you make a big difference in your business. Our executive can help merchants discuss their merchant account needs.
eMerchantPro, on the other hand, has 24×7 support. Moreover, it means that a team of tech experts is available to answer your questions. The initial assistance is crucial in obtaining high-risk merchant account instant approval. Merchants should actively participate in the approval process for merchant accounts.
Should you Get your Finances in Order?
To get approved for a merchant account, you have to show that you have enough cash flow for the business. For example, if you are just starting with your company and do not have any sales, it might be hard to show that you can pay back a loan.
However, there is a way around this. If you plan on getting a merchant account through an online 3rd party processor, they will allow a higher credit limit than a brick-and-mortar bank would. Furthermore, it means that even if your business doesn’t generate much revenue yet, as long as you can afford the monthly payment on your new account, then chances are good that the bank will approve it.
If you’re looking for financing from an online lender, these lenders typically require less upfront investment and more evidence of stability. So if your business has been operating for a while then this might be the route for you.
However, the problems turn in if your business categorizes as a High-Risk Business. Your high-risk business will have a hard time getting a service provider. The conventional ones will indeed accept your business, but their tolerance towards fraud and chargeback is low. The merchant account will be immediately frozen holding your outstanding amount in. Hence, your business might get a setback working in the digital ecosystem.
How to reach the Instant Approval Mark?
eMerchantPro understood the assignment of getting the merchant account for your business quickly. Reaching the global ecosystem of payments is a crucial step forward. Therefore, eMerchantPro took the chance to connect with multiple acquirers around the globe. The web-like connectivity serves two major purposes for your business.
1. It helps in providing fast merchant account delivery for your business. In other words, eMerchantPro’s close network with the international acquirers helps us to get approval quickly. It reduces the waiting time for your company to get a merchant account.
2. Secondly, the network helps in a major feature to the payment processing channel. The Bank Cascading feature of the online payment gateway provides a better payment solution. Dynamic logic learning provides more payment acceptance rate. Hence, it increases your brand image and settles a firmer ground in front of financial institutions.
What Shall Be the Primary Documentation Requirements for Getting a Merchant Account?
All the Know Your Business Documentations are:
For Public Limited Company:
1. Business information
2. Registration of the company
3. PAN number of the shareholder’s and Director’s
4. Id proof of the shareholder’s and Director’s
5. Address Proof of the shareholder’s and Director’s
For Private Limited Company
1. Registration of the company
2. Certificate of Incorporation of the company
3. MOA of the company
4. Id proof the director
5. Address proof of the Director
For Limited Liability Partnership
1. Registration of the company
2. Partnership deed
3. Id proof of all the partners
4. Address proof of all the partners
For Sole Proprietorship
1. Registration of the business name/company
2. Tax id of the company
3. Business license
4. Trade permit or professional license
5. Id proof of the owner
6. Address proof of the owner
There is a set of common documentations for a business to produce. In other words, the individual involvement of a person in a company requires a common documentation ground. These documents are:
1. PassPort
2. Voter ID
3. Driving License
4. Latest utility bill (60days)
Can you get your Merchant Account in just a day?
Well, the quick answer is no. However, there is a different outlook to it.
How can a merchant service provider provide instant approval to the acquiring bank?
Bank Interconnectivity
An MSP must have strong connections with international banks to get an approval immediately for the acquiring bank. Moreover, it ensures that companies in high-risk categories get merchant accounts quickly.
The question is now, should it be instant approval or quick approval?
It all depends on who the service provider is. The High-Risk Merchant Service Provider usually approves merchant accounts quickly. It typically takes three to four business days.
As we have said, expertise is what matters. eMerchantPro is a trusted provider of High-Risk Merchant Accounts Instant Approval companies that want to make a name for themselves.
The Final Verdict
A Merchant Account is a way for businesses to accept online payments. The payment processing channel, or the payment gateway, allows businesses to process payments online. eMerchantPro offers both Merchant Account and Payment Processing Solutions to Merchants worldwide.
eMerchantPro’s services are unique because of the additional benefits. The merchant must be involved in the process, and the service provider should offer quick solutions. The High-Risk Merchant Account Instant Approval adds a unique ability to our business to offer precise solutions to your business. In other words, eMerchantPro stabilizes your business to accept online payments. Furthermore, you get to add a payment gateway on your website to process the payments. Adding a better payment experience enhances consumer retention and produces a better result. Lastly, the Payment Processing Services streamline the business to reach a global audience quickly.
What are other options for credit card payments?
Merchants and consumers have many other options than High-Risk credit card processing. It will not only improve business transactions but also propel the business forward. A business’s success depends on being able to provide convenience for customers. This makes the entire process more cost-effective, efficient, and economical. Convenience is the key to the ultimate payment experience.
High-Risk Credit card processing combined with multiple payment options is a great way to build brand loyalty and increase brand image. Furthermore. The overall efficiency of the payment gateway is enhanced by mobile credit card processing. The ability to offer consumers a variety of payment options increases sales quickly.
When they don’t have the preferred method of payment, it can affect a consumer’s attitude towards payment. Although debit and credit card processing may seem simple for consumers, it is not the only method of payment for large audiences. The consumer may leave your site to shop for another merchant that accepts multiple payment methods. When you are looking for a payment processor, make sure they have all the necessary solutions.
As credit card processing is a key component of a business’s future, the upcoming years will be crucial. As we have discussed, the millennial generation is transforming the industry and earning culture. The other modes of payment involve Bank Transfers, eWallets, eChecks, ACH, Recurring Modes of Payment, Cryptocurrencies, and more.
These modes of payment are known as alternate modes of payment that provide a generous boost to the online payment solutions for your company.
The Role of the High-Risk credit Card Processing works with the idea of providing an easy payment processing solution. Headstart your business with it today
Contact eMerchantPro now
What is the Benefit of High-Risk Credit Card Processing?
Merchants and consumers around the world find credit cards a boon as well as a curse. Credit cards are convenient for consumers and allow them to chargeback any dispute. Consumers are in control of their destiny.
The merchants also benefit from the added security provided by the card schemes. It also strengthens the authentication to make sure that the payment is made by the intended recipient.
Thus, fraud rates will decrease for merchants and payment gateways. It also improves payment processing.
Also, the approval rating for payments has increased. Approval rates play a crucial role in the company’s financial health. A higher approval rate for payments will increase the company’s longevity and streamline it.
Payment processing reliability will see a significant boost. The seamless security provided by both payment processing agencies (PSP & PCIDSS) makes the process quick and secure for merchants and consumers.
It will also significantly lower chargebacks for a company. Most often, chargebacks result from unauthenticated payments or non-supervision payments. The multi-factor verification, combined with security from card schemes, makes it safe.
The Role of the High-Risk credit Card Processing works with the idea of providing an easy payment processing solution. Headstart your business with it today
Contact eMerchantPro now
Is eMerchantPro a genuine company for an offshore payment gateway?
Reliability Check of PSP Brands
There are many ways to see whether your future partner would be reliable or not. But here, we’re going to get into some facts that will prove the credibility and flexibility of a PSP.
Freedom of opinion
If your PSP sounds too illogical and doesn’t want to listen to your choices, then your discussion won’t go anywhere. But if your PSP is addressing all of your thoughts and queries then it will be best for you to be with them.
Supportive
The responsibility of a PSP is not limited to providing services only. Rather, a PSP should help businesses seize every opportunity for expansion. If your PSP helps you excel in your development and better understand you, then you are with the right partner. A supportive partner is essential for better growth.
Secure Network
A PSP should have a secure network to provide security to merchants. If you’re dealing with such a PSP, then you’re pretty good at your research and decision-making.
Enthusiastic
PSP should be an enthusiast. If your PSP always searches for a better plan for you to get the attention of global consumers, then it’s a good chance for your growth. Enthusiasm is an important characteristic of a progressive partner.
eMerchantPro provides to the merchants.
If we talk about eMerchantPro, then you can hope for a better future. When it is time to face challenges, eMerchantPro is the one who poses forward. As a PSP, we have handled many critical situations and were able to provide the following things:-
Merchant Support –
eMerchantPro has been able to provide satisfaction to high-risk merchants. Whenever merchants have any doubts, they can ask us anything without hesitation. There is no need to worry about the time period.
Space for speech –
First of all, whose business is being talked about here are e-commerce businessmen. If they’ll hesitate to ask for their requirements, then it will be a bit difficult for a PSP to make changes as per their demand. But with eMerchantPro, merchants are free to express their views clearly so that they can be told the solution according to their needs.
3D SECURE –
Protection is that thing that is on priority for a high-risk merchant. eMerchantPro has the Level 1 certification of PCI DSS. Our whole team works with a calm and sturdy mind. All of us strongly follow the rules & regulations stated by PCI DSS for the full protection of consumers’ data. Plus we always take care that consumers must feel safe entering merchants’ websites.
Chargeback Protection –
Chargeback exists with online transactions. But when a claim does not seem to be valid, why should anyone tolerate that? We check every claim. And if the reason for the claim is found to be valid, the amount will be refunded to the claimant’s account within the chargeback period. Conversely, if it does not, the claim will be terminated after the Merchant provides proof of false claim.
Open To the International Market
After providing services in the international market, we’ve got a great experience. To tell the difference between right and wrong when working online we’ve got many ways. Online presence is something that can shape one’s future or vice versa. We have several strategies to give merchants a clear view of the global deal.
Consumer Support
Consumers also have the facility to get answers to their queries. eMerchantPro offers the best consumer support with its expert team that can handle any kind of situation. Plus a verbal control is also important when handling consumers from global areas. eMerchantPro has a stronghold on its verbal decency. Also, we are experts in handling consumer disputes.
To know more about the features of offshore payment gateway that are beneficial for e-commerce , Move your fingers and type a mail to onboarding@emerchantpro.com.
What is a Chargeback? The Ultimate Guide to Credit Card Chargebacks
What are Chargebacks?
Chargeback is returning specific funds to the consumers after a successful dispute. The design of Chargebacks comes from 40 years ago to provide convenience to consumers. It provides security to consumers from identity theft and fraud. Chargeback is the process of payment reversal to the consumer.
Card Authorities are the ones offering enhanced services to the consumers. In other words, they are the ones that provide the chargeback issuing solution. It is mainly for Debit and Credit Card Holders.
There are a variety of reasons for filing a chargeback. The card-holders get advance security from card fraud or identity thefts. The credit card holder will have a particular time frame to raise a dispute, commonly known as Chargeback Period. The dispute against a charge requires a thorough inspection.
Furthermore, there will be various proof requirements too.
What is the Issue With Chargebacks?
The major chargeback issue lies in the fact that a chargeback causes a loss of more than Two times the cost. Furthermore, sometimes, the chargebacks aren’t real indeed. That brings in the issue of friendly fraud.
What are Friendly Frauds?
Friendly frauds are a type of chargeback wherein consumers flag disputes even though they got the correct goods or services. In this case, the merchants lose an ample amount financially and the product or service.
Friendly frauds are dangerous for a merchant and create a massive mess.
“86% of chargebacks are fraudulently placed, skipping the merchant & going straight to the chargeback process” (Global risk Technologies)
Thus, the merchant cannot track the fraudulent activity effectively. It is due to the lack of information and channeling of the chargeback. The consumers skipping the proper process are fraudulent in most cases.
Only 14% of the consumer takes the proper channel of refunds. It hampers the business as it loses its reputation. The associated bodies tend to put the company on a caution list due to the higher chargeback ratio.
The Chargeback Protection Services for Merchants
The three types of chargeback protection services are:
- Alerts for Chargebacks
- Chargeback Management
- Complete Chargeback Protection
Chargeback Alerts
Chargeback alert is a small window chargeback protection service that allows the merchant to offer a refund. Generally, the window is of 24 hours to either collect all the data against the chargeback or provide a refund.
It depletes the chargeback rate of a company and makes it quite easy for the merchant to work. However, the window is small, and there is not much to do if the chargeback is on the verge.
Chargeback Management through Deflection
Fraud prevention companies work with advanced technologies to provide solutions to the merchants. Payment Service Provider offers tech-driven solutions to the merchants with the companies’ tie-up.
These management services provide a linger window and offer profound solutions to the merchants. The use of information and data becomes feasible with the Fraud Scoring into account. Furthermore, the dashboard gets you the information to have the best choices.
Complete Chargeback Protection
Last but not least are the complete chargeback protection services by a Payment Service Provider. It offers an advanced solution to a merchant by covering the cost of the chargeback. In other words, the PSP covers the complete cost of the chargeback.
Only the experienced and big service providers offer this type of solution wherein the merchant is protected. There will be no need to run here and there for the chargeback. All the service provider does is taken a small charge from the merchant as security.
What does eMerchantPro have to offer you?
eMerchantPro is a Payment Service Provider with tonnes of experience in the High-Risk Business sector. In other words, eMerchantPro provides a precise payment processing solution. Your business gets to step into the digital marketplace with eMerchantPro Payment Gateway and Merchant Account.
Furthermore, eMerchantPro keeps chargebacks away from your business. In other words, it provides Complete Chargeback Protection to Merchants around the globe. That means there won’t be any problem with the Chargebacks and Financial Reputation. The complete chargeback protection services will resolve the problem with online payments and chargebacks.
High-Risk Payment Gateway: Payment Experience
The High-Risk Payment Gateway empowers your business in online transactions. Furthermore, the payment gateway is the one that interacts with the consumers. The base-level experience initiates a better payment experience and overall consumer retention.
Multi-Currencies for International Payments
To start with international reach, accepting multiple currencies is quite crucial. Thus, while searching for a High-Risk Payment Gateway Provider, check for the currencies they support. Digital payments cannot be limited to a standard currency because they will hamper the payment experience.
Thus, accepting a variety of currencies establishes a brand image. The brand image settles the reputation for ease of online payments. A company that thinks for the consumers will have loyal consumers who watch out for them. Thus, offering convenience for the payments will enhance the company.
As for Consumer Retention, the multiple-currency support needs an add-on feature of multiple modes of payment. Accepting currencies over a range of payment methods affirms your business in the eyes of the consumers. The major modes of payment that plays a vital role are:
1. Debit and Credit Card
2. Wire Transfer
3. eWallets
4. Cryptocurrencies
5. eCheck
6. ACH; etc
Moreover, these modes of payment combined with multiple currencies will allow your business to reach a better global audience.
Real-Time Transactions
Ensuring ease of payment is crucial for a High-Risk Payment Gateway. However, understanding the need for Real-Time Transactions is much more critical. It ensures that the payments processing witnesses no delay. Furthermore, it reduces the errors of funds and reports to the financial entities. Real-Time Transactions ensures payment processing accuracy.
In addition, analytics are critical for real-time payments in the financial services industry. It is an industry that faces massive amounts of data and is prone to latency and volatility. The need to discover complex patterns in real-time, correlate information, analyze it, and act on it immediately is critical.
Hence, a requirement for a Powerful Dashboard comes more vital with High-Risk Businesses working with high volumes and volatility. The conveyance of information holds extreme importance in the digital payment sector. Therefore, monitoring the transactions can be beneficial for a business.
Safe and Compliant
Once you know what to expect from a payment gateway, you can focus on how to choose your preferred payment gateway. You will easily find a traditional payment gateway that makes your shopping cart convenient. So let’s focus on security.
According to Experian, 27% of customers report abandoning a cart simply due to a lack of visible security.
Therefore, the High-Risk Payment Gateway needs proper compliance and security. The safety of revenue is on the line here. Thus, the solutions need precise solutions that work with the website to provide a seamless payment experience. eMerchantPro’s Payment Gateway is
PCI DSS Compliant
The compliance of the payment gateway is quite strict. Furthermore, it ensures the security of transactions and the deposition of funds. Thus, the payments are secure throughout the channel.
Multi-Factor Authenticated
The authentication process of the payments is a crucial part of the payment gateway. Reaching the concerned card-issuing authority is vital for keeping the transactions safe. The 3D Secure authentication creates a dynamic layer of security over the processing. The security layers come with OTP that adds safety.
P2PE
Point To Point Encryption is a passive feature that works in the backdrop to provide added security. The P2PE encrypts the channel for the secure transmission of payment information. Thus, it stops the breaches and keeps the funds safe from hackers. If a High-Risk Payment Gateway is P2PE, the payment gateway will protect the data conveniently.
Tokenized
Tokenization is a feature that keeps sensitive data safe. eMerchantPro’s Payment Gateway offers the Card on File feature that enables consumers to save their transaction information for future payments. However, keeping that card information on the payment gateway can be risky. Therefore, the Tokenization features convert the sensitive data into non-sensitive redundant data. Thus, none else can reach the information that easily.
Fraud Prevention Tools
Last but not least are the Fraud Prevention Tools. Fraud, Scams, and identity thefts are pretty common in high-risk businesses. Therefore, eMerchantPro offers Fraud Prevention Tools that provide advanced security against them. The tools such as Address Verification System, Card Verification Value Checker, Geolocation tracking, Fraud Scoring, and Multi-Factor Authentication. These are the tools that the merchant requires and the consumers’ needs.
The Final Verdict
In Conclusion, the High-Risk Payment Gateway works pretty seamlessly to add a better payment experience. In other words, the solution you need is to accept online payments and offer the best consumer experience. With many companies focusing on how the consumer experience can change the business, Payments will soon become mainstream.
Thus, High-Risk Payment Gateway can do wonders for a High-Risk Business. It will change your business aspect and help you to accept payments online. Hence, eMerchantPro offers dedicated solutions for a business and provides profound support. We use a perfect mix of experience and technology to offer precise services.
Reach Us today to get the services of High-Risk Payment
4 Features to look for in a High-Risk Payment Gateway
HIGH-RISK PAYMENT GATEWAY
A high-risk payment gateway is dedicated payment processing software. It will facilitate the high-risk merchant during the collection of online payments. What’s the biggest deal here? That is, this payment gateway is specially offered to high-risk merchants.
High-risk merchants use it to run their online business smoothly. The problem with high-risk businesses is that they attract many financial risks, which financial institutions want to avoid as much as possible. Hence, these institutions mostly avoid getting into financial terms with such businesses. And they also don’t even provide merchant services to such merchants.
However, many other sources can provide those merchants with merchant services with ease. But for them as well, merchants have to be prepared for the conditions imposed on them by such sources.
Whom are we talking about? We’re talking about PSPs. PSPs are groups of expert people. They handle the risk factors and try to reduce the losses for merchants. Individually a merchant can’t handle such situations that easily. But, with the help of a PSP, they can fight with any drastic situation.
Before getting into the best 4 features of this gateway, we should talk about what you should look for in a PSP before acquiring a gateway from them.
SIGNS THAT A PSP IS RELIABLE FOR SUCH SERVICES
Space for growth
With a reliable PSP, merchants would get the freedom of expressing thoughts. In the future, even if merchants want to expand their business and want more resources, they can demand them. It means that with a reliable PSP, a merchant will have a space for growth.
Reliable Partner Acquirer
A reliable PSP should have the backing of a trusted partner acquirer. That will never leave the PSP in an awkward situation. By odd, we mean a situation where the consumer doesn’t respond to the problem caused by the acquirer’s incorporation.
Secure Network
They should be reliable in matters of security. Suppose they can provide security to both parties; they are completely credible from the point of view of a responsible merchant. The parties mentioned here are merchants and consumers.
Global Reach
They must know how to get the global population’s attention towards merchant’s products. Also, it should have such services that can provide convenience to global consumers. If you’re looking for an individual that has all these properties in it, then we’ll say it is “eMerchantPro”.
eMerchantPro
Yes, you heard that right; eMerchantPro is capable of all of the above. And some of the types of services we can provide you are:-
(a) Merchant assistance
eMerchantPro provides complete support to merchants so that they don’t have to wait too long for anything. Any query of merchants will be clarified by eMerchantPro in no time. Our experts will explain everything about our services to the merchants. So, they’ll never have any unresolved doubts.
(b) Chargeback Protection
You must have heard of fake claims and may have faced them by yourself many times. So this time, the whole scenario will be changing for you. We’ll check the product’s condition according to the claim. If it doesn’t match those conditions written in the T&C of products, the claim will be rejected after getting the proof of false claim from merchants.
Otherwise, if the claim has proven to be right, the amount will be transferred to the claimant’s account in the chargeback period stated by banks.
© 24×7 Consumer Support
See, we’re not here for only supporting merchants. We do care about their consumer’s convenience too. Why don’t we? It is the main motive of merchants, too, right? That’s why they contact the PSP to solve their issues as soon as possible.
If we get any complaints from consumers, we will consider them and try to solve them ASAP. So the consumers won’t hassle them for too long too.
(d) PCI DSS Secure
The best part about a reliable PSP is its security standards. With us, merchants won’t have to worry about their security. We have PCI DSS level 1 certification. And our team follows the rules and regulations to protect the consumers. Now, consumers will have the convenience of a safe shopping environment.
To get more info about the features visit eMerchantPro now.
A Guide to Payment Processing Solutions for High-Risk Business Owners
A Solution Exclusive to your High-Risk Business
Every business has a unique requirement for payment processing. In other words, your business might require faster payment processing, or there is more need for security over the speed. These requirements play a prime role in your corporation.
It is not just about the quickness or the security of the payment processing. There are many more aspects to it.
● Multiple currencies support
● Multiple modes of payment (knowing which payment method your business requires)
● Type of payment model
● Chargeback management or protection
● Fraud and scam prevention; etc
These factors affect the payment processing solution for your business. Furthermore, High-Risk Businesses should put the special requirements right before the Payment Service Provider.
Moreover, when you reach out to the PSP for it, make sure that the services offered works complementarily for the business. That will help you to get your business going for a long time. eMerchantPro works with longevity in mind. In other words, the payment gateway and the merchant account resolve the business requirement seamlessly.
Furthermore, eMerchantPro works in the high-risk business sector and has ample experience. It allows us to meet the unique requirements of every business.
Following the Protocols, Compliances, and Security
The pre-set protocols and compliances for payment processing play a vital role. It ensures payment security and keeps you away from penalties. Furthermore, the payment processing solution you require needs to be secure with multiple security features. Hence, the Payment Service Provider should be profound with it.
High-Risk Businesses require service providers for the secure transmission of sensitive data. Therefore, eMerchantPro’s Payment Gateway equips cutting-edge security solutions.
PCI DSS Compliance up to Level 1
eMerchantPro keeps the standard protocol of the PCI Compliance in the payment gateway and the merchant account. The Payment Card Industry Data Security Standard is the initial part of payment solutions. A merchant should check for it at the very initial stage.
Multi-Factor Authentication
Multi-Factor Authentication is a dynamic security solution that ensures utmost security to the payment process. Moreover, it adds layers of safety to the payment gateway. 3D Secure processing holds one of the most values in payment processing. It adds a dynamic layer of payment processing security.
Tokenization
After that, Tokenization is the feature that makes sensitive data non-sensitive. Furthermore, it saves your business from data breaches. Tokenization converts the information and ensures that payment processing is hassle-free. It works complementarily to the Card on File feature and safeguards the transaction data securely.
P2PE
Point to Point Encryption is another part of the payment gateway that keeps the complete channel safe. Therefore, the information conveyance becomes compliant to transmit the data and information between different financial bodies. It means that only the bodies involved can access the information conveyed.
What about the Prevention from Fraud, Scams, and Deceit?
Identity Theft and Fraud is massive concern for a company. A High-Risk Business needs to think more about it. Hence, eMerchantPro ensures that the payment gateway has all the Fraud Prevention Systems. These features ensure that the payments are fraud and scam-proof.
Address Verification System
It checks the billing address and the cardholder’s issued address. Further, it ensures that both of those matches or not. It is a practice to check the address and verify the cardholder’s identity.
CVV Checker
The active authentication tool works as a fraud prevention tool. It checks the validity of the CVV the consumer puts into the payment gateway. Reaches out to the Card Issuing Authority and makes sure the CVV is correct or not.
Payer Authentication Program
Verified by VISA and MasterCard SecureCode are namely two payer authentication programs. These ensure that the authenticity of the payment is pretty high. The extra layer of protection from the card authority works wonders here.
Multi-Factor Authentication
Next in the line of the fraud prevention system is the before-mentioned security feature. The dynamic third layer of security makes the authentication process stronger. Hence, the identity thefts shred down to a minimum.
Geolocation Tracking
There are certain high-risk places around the globe. People from these high-risk areas are mostly prompting fraud, scams, or identity theft. Therefore, eMerchantPro’s Payment Gateway keeps these locations in the backend and keeps the payment processing secure for merchants.
Fraud Scoring
Fraud scoring checks the risk measures before payment processing. It checks the scores of the payments and gives the trends of suspicious behavior. Furthermore, it also checks for fraudulent orders from the user. Thus it becomes easy for the payment gateway to judge the payment processing of the user.
These are some of the Fraud Prevention Tools of the payment gateway. It provides an edge to your business. Therefore, your business can accept payments without any problem whatsoever.
Why Reach Out to eMerchantPro?
eMerchantPro offers the best payment processing solution for your High-Risk Businesses. Due to the payment processing expertise, the solutions are precise and dynamically accurate. Furthermore, making digital transactions is a major part of any business seeking a global presence. Therefore, eMerchantPro offers multiple solutions for your business.
Are high-risk Payment gateways available for all kinds of businesses?
What kind of businesses does eMerchantPro work with and which ones don’t?
eMerchantPro is a flexible partner as it provides service to any merchant in their home country or outside the country. Apart from that, it serves both low-risk businesses and high-risk businesses. But here’s the deal.
We have a high-risk appetite for companies. However, we don’t support illegal and illicit companies. As long as everything is legal, we will help the merchants with dedication.
What industries have we worked in and what services can we provide to high-risk businesses?
We have provided our services to many industries like — Forex, Online Casino, Online Gaming, and Adults. Talk about services then we provide the following services.
Services
Merchant Assistance
No matter how many times a day merchants ask for help, our experts will help them in every way possible. They can ask for anything related to our services or if they have doubts about anything feel free to ask. There is no time limit as our support will be available on a 24×7 basis.
3D Protection
We have the Level 1 Certification of PCI DSS. Our whole team is abided by the T&C stated by the PCI DSS to keep all things in control.
We make sure that the merchant doesn’t have to stress about data security even for a second. Providing the merchants and their consumers with a sense of security is our motto.
Chargeback Protection
Merchants bear a lot of losses due to no stronger support. But with eMerchantPro, they wouldn’t need to worry about that anymore. If a chargeback claim arises on any product, we check whether the condition of the product is valid for the T&C of that product.
If the condition matches the amount will be transferred to the claimant’s a/c within the chargeback period as specified by the bank. Otherwise, the claim will be rejected after the proof of false claim provided by the merchant.
Now let’s talk about features of a High-risk Payment gateway
Multi-Currency Transaction
One of the challenges for a high-risk merchant is dealing with online consumers from different countries. This Payment gateway helps merchants to receive online payments in any currency of their choice.
Apart from that consumers are also free to pay for their purchase in their currency. This can ease the discomfort of millions of consumers that are trying to buy a product from such websites.
Alternative Payment Modes
We admit that businesses are growing rapidly. But with their increasing range, the demand is also increasing day by day for more convenience of the consumers. Thanks to this Payment gateway, merchants can provide their customers with the convenience of making payments in various ways.
Some of those options would be — E-Wallet, CC, and Wire Transfer, etc. Now the consumers will feel more comfortable while shopping for their favorite brand.
Real-Time Reporting
Merchants are getting a chance to cover up their losses now. In the past without a proper report merchants had to bear losses. But with the real-time reporting system of this Payment gateway, they will receive alerts for every single transaction.
On top of that, an alert will drop for merchants if there is anything wrong with the payment processing department. And then they will be able to take action to bring the situation under control within time.
Global Card Saving
This feature of this Payment gateway will help the consumers to save their cards on the merchants’ websites. Consumers will have to do this for once and all. After that, they’ll be able to continue their shopping without any issue.
Fraud Prevention
This Payment gateway runs many fraud prevention tools to secure transactions. If any transaction seems to be suspicious would be checked properly. And if the details of the payer and the cardholder don’t match the transaction will be nullified.
On the opposite, if they both matched the transaction will be complete without any issue. This way the merchants and their consumers will stay safe.
eMerchantPro has many years of experience working with high-risk businesses. Merchants can visit our blog section to know in detail about our other services. Without wasting much time just send a mail and get your high-risk Payment gateway.
High Risk Payment Gateways & Merchant Account | eMerchantPro 