Choosing the Ideal High Risk Merchant Account for eCommerce
May 22, 2023
It is estimated that 1.61 billion people worldwide purchased goods and services online in 2016, when international eCommerce sales accounted for 1.9 trillion US dollars, and has been projected that this amount will reach 4.06 trillion US dollars by 2020.
Payment Processing for eCommerce Retailers
It is a fact that online retailers in the eCommerce sector make being a consumer and purchasing goods and services so much more convenient. But it might be tough for these eCommerce merchants (especially for those that are high risk merchants) to be able to process and take debit and credit card payments.
Secure and reliable payment processing is the primary reason that eCommerce merchants should seek out the best high risk merchant account providers to do business with. The past several years have shown that many high risk merchant account providers (and low risk providers alike) are changing the way they do business and have upped their security measures to mitigating potentials for credit card fraud.
Among the reasons that finding the right high risk merchant account provider can be challenging has to do with which providers can perform the specific requirements and conditions needed for your business to get set up your merchant account.
eCommerce merchants are often faced with high rates and countless fees for things such as new account set up fee, equipment fee, and a new merchant gateway charge – these are only a few of the hidden fees that merchants may find with some payment processing providers, and this does not include monthly support fees, access fees, and more.
The Ideal High Risk Merchant Account with PayKings
Have you had enough of paying excessive fees to your current payment processing provider? Have you been dropped from an aggregate payment processing company like PayPal or Stripe and don’t know how to get started with a new company?
For those merchants that need a payment processing provider that is experienced, knowledgeable, experts in handling high risk merchant accounts for your eCommerce business or the like – PayKings has the best solutions for your specific business needs.
Choosing the most reliable high risk merchant account from a reputable high risk payment processor, like PayKings, is critical to your business’s longevity and long-term success. Retailers that are categorized as high risk merchants need to be aware of the hurdles they might face on their journey to securing a payment processing company.
When it comes down to it, a retailer with perfect credit, an A+ rating with the BBB, and virtually no client complaints can nevertheless be labeled as needing a high risk merchant account. PayKings, however, specializes in high risk merchant accounts and knows your specific industry standards and needs to offer you the best possible payment processing solutions.
PayKings offers a proven platform, a reliable payment gateway, service excellence, quick and painless application process, and the lowest possible rates in the industry. Reach out today for a quote – it’s free – and we can have your business up and running with accepting debit and credit card payments in a matter of hours.
May 22, 2023 | High Risk Merchant Account | Guest Post