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  • Get a High-Risk Merchant Account in India effortlessly
    https://www.highriskgateways.in/get-a-high-risk-merchant-account-in-india-effortlessly/
    Looking for a plausible High-Risk Merchant Account in India, then you have reached the right place. HighRisk Gateways is a professional High-Risk merchant account provider in India that delivers reliable and secure payment solutions.
    Get a High-Risk Merchant Account in India effortlessly https://www.highriskgateways.in/get-a-high-risk-merchant-account-in-india-effortlessly/ Looking for a plausible High-Risk Merchant Account in India, then you have reached the right place. HighRisk Gateways is a professional High-Risk merchant account provider in India that delivers reliable and secure payment solutions.
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  • Offshore payment gateway | Best suited for eCommerce businesses
    https://highriskgatewaysblog.wordpress.com/2022/04/04/offshore-payment-gateway-best-suited-for-ecommerce-businesses/
    Offshore is a term signifying a location outside of the country where the business is based. When it reaches the finance and banking services industry, offshore is identical to international services that facilitate clients to find the service outside the region where their main headquarters are situated.
    Offshore payment gateway | Best suited for eCommerce businesses https://highriskgatewaysblog.wordpress.com/2022/04/04/offshore-payment-gateway-best-suited-for-ecommerce-businesses/ Offshore is a term signifying a location outside of the country where the business is based. When it reaches the finance and banking services industry, offshore is identical to international services that facilitate clients to find the service outside the region where their main headquarters are situated.

    Nowadays, on a growing momentum of development, many eCommerce firms are exploring their business activities around the world to fulfill global requirements. The mainspring of global eCommerce usually initiates with the help of an offshore payment gateway.

    Offshore payment gateway | what does it mean?

    Offshore is a term signifying a location outside of the country where the business is based. When it reaches the finance and banking services industry, offshore is identical to international services that facilitate clients to find the service outside the region where their main headquarters are situated.

    The offshore payment gateway has become a common payment service for global eCommerce companies in current years. Cross-border business is the main benefit of eCommerce, and international organizations may rely not only on local dealings but also on international orders. As an output, online businesses should integrate an offshore payment gateway into their websites for abiding credit/debit cards or digital payments from their customers beyond the operational areas.

    Why do eCommerce businesses select offshore payment solutions?

    93% of global online businesses will select offshore payment gateway services for their eCommerce business. What benefits of the offshore payment gateway that the majority of eCommerce companies presume at the top of their minds?

    Top advantages of an offshore payment gateway:

    Transactions processing volume. Some offshore payment gateway providers equip clients with a higher volume of transactions compared to local companions. So, the rate of rejected transactions can be reduced and improve your sales.

    Multi-currency favor. A customer can perform an online payment in their native currency by an offshore payment gateway. Accepting payments online from various currencies can help you in expanding your business. You can also expand your business globally with the integration of a safe payment platform.

    Multiple offshore merchant accounts. It is a nice concept to open numerous offshore merchant accounts with banks across the world. You can handle all payment processing accounts from a single control panel and thanks to a single plug-in of the offshore payment gateways. On a transnational or particular account basis, reporting, accounting, and chargeback processing data are all conveniently attainable.

    Diverse jurisdictions have distinct regulations. If you strive to focus on some targeted markets, you may profit from foreign policies as compared to your regional market. It is not only about tax policy but also other rules and regulations from foreign governments and foreign trade rates. All the characteristics of distinction in regulations promote more trade and commerce.

    Process numerous credit/debit cards. Card acceptance rates are more heightened when processing via acquiring bank that situates in the customer’s areas. With an offshore payment gateway, businesses can assemble various credit/debit cards from Visa, American Express, Discover, MasterCard, and JCB.

    Reduce operating expenses. International business periodically needs the business to open its attendant office overseas. And that can lead to an additional execution cost. Consequently, for the first step of going global, online companies should operate offshore businesses with an offshore payment gateway and execute business from their native countries to relieve expenditures.

    How does the offshore payment process?

    An offshore payment processor will provide you with a payment gateway that allows the processing of business transactions to a foreign location. This is where offshore credit card processing companies perform their part. Most customers use the new set of cashless payment modes.

    Merchants can receive the funds through an offshore payment gateway and here is the process.

    • For example, a customer is paying by using a credit card. Customers will log on to the merchant’s website and fill in the required details like credit cards, debit cards, net banking, or any other payment mode.
    • The data will be forwarded to the merchant’s bank and then the data transmits to the credit card network for verification.
    • The credit card network sends the transaction details to the customer’s issuing bank.
    • Then the issuing bank will approve or decline and deliver the results to the merchant’s bank and the processor will forward the details to the customer about the transaction results in real-time through the merchant’s website.
    • After approval, the issuing bank will transfer the amount to the merchant’s bank by using a credit card network. Automatic receipts are also sent to both merchants and customers and this process takes a couple of minutes or even seconds.

    Who requires an offshore payment gateway?

    Offshore payment gateway is used in the territories that come under the high-risk category.

    • High-Risk Vendors. A high-risk merchant is a reputed business that has the essence of obtaining fraudulent transactions. High-risk merchants are also classified by the banks because these enterprises have chargebacks, frauds, and various refunds. So High-risk merchants carry high sales volume, bad credit card scores, and also non-compliance with security rules. These risks tend to charge merchants higher fees or can also preclude them from future transactions but not all high-risk merchants are considered illegal.

    Some businesses that come under the high-risk category are:

    Low-risk merchants can also get an offshore payment gateway if their chargeback volume is high. Some examples of businesses categorized as low-risk are retail, beauty products, restaurants, etc.

    • eCommerce Businesses. An eCommerce business can also come under the high-risk category because of the expansion of the eCommerce industry. So online businesses ought a direct path to payment processing because eCommerce businesses want to reach customers globally and furnishing international transactions can be a challenge.
    • With an offshore merchant account. Online businesses can process international payment transactions. They will also accept major credit cards and different currencies from customers beyond the business’s area. So these advantages can help eCommerce businesses to tempt more customers and it enriches sales, and increment in profits.

    Get a suitable offshore payment services provider

    Merchants must find an offshore payment gateway provider with a prosperous record and which also trades with high-risk merchants in the same industry type. They should also include reliable price support. Moreover, tools to prevent chargebacks.

    • Avoid extra charges. Avoid an offshore merchant service provider that functions on augmented fees when dealing with high-risk merchants.
    • Always be upfront and honest. Merchants that require offshore payment processing, must clear things with their provider concerning their business essence and operations.
    • Check testimonials from clients. Reviews of previous clients will be excellent references about how good or bad an image of an offshore merchant service provider is. Merchants must study and research their options and then get the right firm for the business’s requirements.
    • See what they precisely offer. Merchants must go for an offshore services provider that can provide quality services. An offshore payment service provider must know how to handle merchant requirements by providing excellent services such as 24*7 support, troubleshooting, and maintenance.
    • Go for flexible terms. As business requirements can change at any time and selecting more extended contracts or an automated renewal feature is not right. Merchants should go for the providers who can offer flexible term contracts.

    Conclusion

    With an offshore payment gateway as a part of transactions and purchasing, businesses can provide more options for their customers. That may lead to many opportunities to make high sales, an expanded customer base, and also more success for the business.

    HighRisk Gateways are one of the leading payment service providers with great expertise in the respective sector. So if you want to process your transactions you can contact us because we will provide you with our best solutions.

    Source: Offshore payment gateway | Best suited for eCommerce businesses

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  • Offshore payment gateway | Best suited for eCommerce businesses
    https://www.highriskgateways.in/offshore-payment-gateway-best-suited-for-ecommerce-businesses/
    Offshore is a term signifying a location outside of the country where the business is based. When it reaches the finance and banking services industry, offshore is identical to international services that facilitate clients to find the service outside the region where their main headquarters are situated.
    Offshore payment gateway | Best suited for eCommerce businesses https://www.highriskgateways.in/offshore-payment-gateway-best-suited-for-ecommerce-businesses/ Offshore is a term signifying a location outside of the country where the business is based. When it reaches the finance and banking services industry, offshore is identical to international services that facilitate clients to find the service outside the region where their main headquarters are situated.
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  • Credit Card Processing: Accept Online Payments Securely
    https://highriskgatewaysblog.wordpress.com/2022/04/02/credit-card-processing-accept-online-payments-securely/
    In this digital world, everyone wants to pay online. Carrying cash became old-fashioned and inconvenient also. That makes credit card processing most popular. But credit card processing is a complicated process. It is the most important thing that online business owners have to focus on.
    Credit Card Processing: Accept Online Payments Securely https://highriskgatewaysblog.wordpress.com/2022/04/02/credit-card-processing-accept-online-payments-securely/ In this digital world, everyone wants to pay online. Carrying cash became old-fashioned and inconvenient also. That makes credit card processing most popular. But credit card processing is a complicated process. It is the most important thing that online business owners have to focus on.

    In this digital world, everyone wants to pay online. Carrying cash became old-fashioned and inconvenient also. That makes credit card processing most popular.

    But credit card processing is a complicated process. It is the most important thing that online business owners have to focus on.

    But we can’t blame you for not focusing on processing, there are some main things that merchants should pay attention to it. Always remember, processing costs are incredible, but rates differ and it is possible to reduce the total amount that you’ll have to pay for processing costs every year.

    In this article, we’ll go to some basics of credit card processing and look at things that businesses can save money on and help out in their bottom lines.

    What do you mean by Credit Card Processing?

    Credit card processing is an essential part of merchant payment services. This will provide businesses with the facility of accepting credit and debit card payments. These payments may be performed by swiping on a credit card machine, dipping into an EMV portal, keying into an eCommerce payment platform, or just tapping on a contactless credit card reader.

    Credit card processors provide communication between all members involved in this process. They also confirm security for the transaction.

    Businesses must pay a fee for this service because processing fees deduct for every transaction and from the payments received by the merchant.

    Members Involved in Credit Card Processing

    • Customer: Customer purchases any product by entering their card details at checkout.
    • Merchant: The merchant sells the products or services to the customer.
    • Processor: The credit card processor is responsible for establishing the merchant with PCI compliance. It also ensures that all process of each transaction is seamless.
    • Credit Card Network. Credit card networks fix interchange fees and are also known as card associations. The card networks are VISA, American Express, etc.
    • POS system. The POS system will provide the merchant with a credit card terminal and point of payment hardware to allow businesses to perform physical transactions.
    • Issuing Bank. The customer’s bank analyses if any transaction is valid or not.
    • Acquiring Bank. After completion of the payment process, the merchant receives the final payments.

    Fees Structure

    The fees part can make things complicated. Some merchant service providers have a more transparent pricing structure. And the providers with lower transparency will have more complicated fees. So, the fee structure should be pretty simple:

    • Interchange Fees. The interchange fees from the majority of all credit card processing costs. Also, these fees are associated with the card networks and passed to the merchant. The issuing banks receive most part of the fees for their assumed risk of releasing the amount. The complete fees are based on the inherent risk of the online transaction. Transactions that have higher risk will come with a higher interchange fee. Risk is calculated based on several factors, including the type of card being used, the way that a payment was processed, and the merchant’s industry.
    • Assessment Fees. The credit card networks also get a little part of the interchange fees. These consist of a fraction of a percent of the total fees. These fees play a vital role in maintaining the industry and are mainly set for credit card networks.
    • Processing Fees. The payment processor also deducts a small part of the total fee for providing the facility of communication and security to all the transactions. Usually, merchants have to pay these additional fees. Interchange plus processing, for example, breaks down exactly how much is going to the interchange and assessment fees versus how much is going to the processor.
    • Hidden/Additional Fees. Those who do not charge interchange-plus pricing have some additional fees. These may include fees for chargebacks, PCI compliance, hardware costs, batching charges, card minimums, late penalties, etc. Usually, these are unnecessary charges, and best to avoid such types of fees.

    How to Lower Your Credit Card Processing Fees?

    As it is impossible to avoid paying credit card processing fees, you can trim the charges and lower the final amount that you are paying by following these ways:

    • You can Audit Your Payment Processor. Discuss with your processor and get an analysis of your current processing payments charges. You can also get a rate comparison from competing merchant service providers to observe how much you can save.
    • By Switching POS Systems. Some POS providers put businesses into a single credit card processor. It also comes with inflated rates and long-duration contracts. If possible, you can switch to a POS system processing doubting. However, you can select any processor of your choice.
    • You can minimize Your Interchange Rate. Businesses can also perform some steps to decrease the interchange fees associated with any transaction. These may include minimum purchase amounts, denying to accept some credit card brands, or desisting from keying in transactions manually. All are needed to pay total interchange fees as they are labeled as high-risk.
    • Pay Attention to Your Credit Card Processing. Businesses are required to be more focused on their payment processing. It can be the least known aspect of operating a business, but it is essential. Doing it in the right way can save your business a lot of money.

    You can use this information to go into processing agreements more prepared and get ready to find the suitable and best fit for your business.

    Factors to look for in Credit Card Processing Services

    Most business owners make their decisions according to the pricing structure. That is suitable for their business performance, it also makes sense, but there are some other important factors to look for:

    • Customer Service Support. If payments do not go according to the plan or your customers are having some errors when making purchases. Then you will need customer service that you can approach easily and quickly. As time passes, your payment modes may not work correctly, the more money you will lose. So there should be a customer service support team available for you.
    • Integrations. If you can integrate this with other software can be helpful. For example, you may want to track your credit card payments properly so you will account for each transaction. You will automatically write off fees as business expenses can make this easy.
    • Analytic. Various card processing companies go the extra mile to provide analytics that will help you to analyze your business’s sales performance.
    • Risk Support. Most businesses have a few options because of the high-risk nature of their business. It may come down to the age of a business, credit history, or the industry. So, the companies in this category can face some difficulties in finding a credit card processing company.

    Our recommendation | HighRisk Gateways

    We suggest HighRisk Gateways for your credit card processing requirements. They provide the merchants with top-tier credit card processing services for many years and take pride in our business. They have also catered to clients whose businesses are labeled as high-risk and face many difficulties in getting a credit card processing service. And try hard to provide services that high-risk businesses often require, like chargeback support and seamlessly processed transactions. HighRisk Gateways knows that providing merchants with payment services is a big decision, especially in today’s era of frequent cybercrime. So, they are confident that if you have tried their services. You will become a long-term customer

    Source: Credit Card Processing: Accept Online Payments Securely

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  • Credit Card Processing: Accept Online Payments Securely
    https://www.highriskgateways.in/credit-card-processing-accept-online-payments-securely/
    In this digital world, everyone wants to pay online. Carrying cash became old-fashioned and inconvenient also. That makes credit card processing most popular. But credit card processing is a complicated process. It is the most important thing that online business owners have to focus on.
    Credit Card Processing: Accept Online Payments Securely https://www.highriskgateways.in/credit-card-processing-accept-online-payments-securely/ In this digital world, everyone wants to pay online. Carrying cash became old-fashioned and inconvenient also. That makes credit card processing most popular. But credit card processing is a complicated process. It is the most important thing that online business owners have to focus on.
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  • A quick guide to eCommerce Payment Gateway
    https://highriskgatewaysblog.wordpress.com/2022/03/30/a-quick-guide-to-ecommerce-payment-gateway/
    An eCommerce payment gateway is a service that allows you to process credit card payments for eCommerce businesses. There are many options for payment gateways but the best one has shared a few additional features.
    A quick guide to eCommerce Payment Gateway https://highriskgatewaysblog.wordpress.com/2022/03/30/a-quick-guide-to-ecommerce-payment-gateway/ An eCommerce payment gateway is a service that allows you to process credit card payments for eCommerce businesses. There are many options for payment gateways but the best one has shared a few additional features.

    80% of customers prefer shopping online, due to which the eCommerce industry is rapidly reaching a new boom. So, the requirement for an eCommerce payment gateway is also increasing day by day.

    Multiple payment gateways are becoming popular in the eCommerce ecosystem. On average, a website is having two to three payment gateway options to provide flexibility to its customers.

    On a requirement basis, multiple payment gateways have been tailored competitively in the payment industry. Are you in a plight to choosing the right eCommerce payment gateway?

    Come on, let us help you in making this task simple. This article will take you to an extensive list of payment gateways with the features they have for you and your eCommerce website.

    eCommerce Payment Gateway | Features

    An eCommerce payment gateway is a service that allows you to process credit card payments for eCommerce businesses. There are many options for payment gateways but the best one has shared a few additional features.

    • Transaction charges. The cost plays a vital role in selecting the right eCommerce payment gateway. The difference of a fraction makes a huge effect on the funds that merchants receive when high volumes of transactions are processed. Usually, there is a fixed processing fee along with a variable fee according to the card service provider. Before integration, you must understand all types of fees associated.
    • Data Encryption. As all the gateways offer some level of encryption but it is more important to invest in a payment gateway with a strong track history. Hackers are trying to decrypt the data that is transferred because most businesses are operating online. That’s why you will need to look for a payment gateway that is PCI compliant. That includes securing data by TLS when transferring, along with a secure website that uses HTTPS.
    • Geolocation service. It offers different prices, sales, and also events according to the region. A payment gateway having this feature is convenient for both the customers and merchants. It also offers a valuable feature in your marketing efforts.
    • Multi-currency allowance. As we know that an eCommerce business has a global reach. A merchant may sell across the world and would never want to stay limited with the options available in the payment gateway. Moreover, a customer never wants to pay in a foreign currency as it will cost him an exchange fee. So, the merchants of every country should be able to receive payments in their local currency.

    What is the process of eCommerce Payments?

    An eCommerce payment gateway allows merchants to receive payments from customer for purchasing any product or service. And the money can come via credit card, ACH, NEFT, or any other mode.

    When a customer purchases anything online, they pay electronically. That payment must follow these steps before the merchant receives the payments.

    1. Checkout. Firstly, the customer goes through the checkout process and then enters the payment information.
    2. Transferring information. A secure payment gateway will receive the credit card details and other payment information. After encryption, it is transmitted to the payment processor.
    3. Issuing bank acceptance. If you are using a credit card, the payment processor authorizes the issuing bank. If the transaction is legitimate, it is usual for the bank to reach out to the customer also to double-check. It only happens when the purchase is expensive or through an unknown source.
    4. Transaction approval. When the bank authorizes a payment, the payment processor confirms a successful purchase. Then the information is passed for shipping and fulfillment.
    5. Fund transferring. When the transaction is performed by the customer, the merchant does not receive the funds immediately. After some days, the eCommerce accounting software will receive the funds successfully.

    Types of eCommerce payment gateway

    A website with an eCommerce payment gateway builds a trusted and strong relationship with the customers. It adds to the credibility of the eCommerce website. Payment gateways have taken different strategies to make online payment processing easy for both the merchant and the customer. Here is the list of payment gateways for your eCommerce website:

    • Hosted Payment Gateways – A hosted payment gateway means that the service provider redirects the checkout page to their servers. Web developers like these payment gateways as it is in they sense of outsourcing and easy to integrate.
    • API accessed payment gateways – These payment gateways are preferred by those merchants who do not want to pass their customer’s payment details to other servers. They are flexible but require a lot of effort from a web developer.
    • Direct payment gateways offered by payment service providers – It is the most powerful payment gateway and a web developer can make it a complete part of an eCommerce website or application. But it is complicated and requires good development skills to implement.
    • Platform-centered payment gateways – Shopify is the perfect example of platform-centered payment gateways, where a merchant only needs to create an account, maintain stocks, and use the existing payment gateway. Contact us to grab more information about Web Development Services.

    How can you choose the best eCommerce Payment Gateway solution?

    With the mushroom growth of payment gateway providers, it has become more typical to opt for the most appropriate payment gateway solution. However, there is no fixed measuring scale to select the best one. But you can analyze the below-mentioned factors before making a selection:

    • The volume of transactions that process: Website credibility depends on how easier and securely a transaction is processing. The success ratio of a good payment gateway is around 95%. Your customers would never like to be hanging between the successful or unsuccessful stage. You’ll have to perform a proper market analysis before processing your transactions.
    • Security Features: Your customer trusts the payment gateway by providing their sensitive payment details. A payment processor should encrypt the data before passing it to another server. Because no one can compromise at any cost.

    When a website has multiple payment gateways, its security needs to be perfect and done by choosing the most secure eCommerce payment gateway. A feature-packed payment gateway with lower security standards has to be a clear NO.

    • Easy Integration and Management: Payment service providers work through the complete software development cycle and must not take a lot of time for integrating into an eCommerce payment gateway. There is no shortcut to it but do not get involved in too many complex payment gateways, as they are the only one who has to be responsible for its management later on.

    Tax Calculation: If you are going to sell to customers outside your state, taxes will be different. Let your payment gateway provider handle those calculations. HighRisk Gateways provides automatic tax calculations.

    Conclusion

    Features may be different, but a website with an eCommerce payment gateway must stay secure and easy to use. So, integrate a payment gateway into the website to provide the facility for card payments, eWallet payments.

    HighRisk Gateways provides you with the best payment gateway solutions. We have an expert team that will be available 24*7 for your support.

    To grab more information regarding an eCommerce payment gateway for your website. You can talk to HighRisk Gateway’s business advisor. We promise you the best assistance. For any further queries regarding the payment gateway, you can contact us without hesitation.

    Source: A quick guide to eCommerce Payment Gateway

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  • A quick guide to eCommerce Payment Gateway
    https://www.highriskgateways.in/a-quick-guide-to-ecommerce-payment-gateway/
    An eCommerce payment gateway is a service that allows you to process credit card payments for eCommerce businesses. There are many options for payment gateways but the best one has shared a few additional features.
    A quick guide to eCommerce Payment Gateway https://www.highriskgateways.in/a-quick-guide-to-ecommerce-payment-gateway/ An eCommerce payment gateway is a service that allows you to process credit card payments for eCommerce businesses. There are many options for payment gateways but the best one has shared a few additional features.
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  • High-Risk Payment Gateway | Best Payment Services
    https://highriskgatewaysblog.wordpress.com/2022/03/28/high-risk-payment-gateway-best-payment-services/
    Getting a reliable and reputed high-risk payment gateway to process your online payments can be challenging. Especially, when you run a high-risk business
    High-Risk Payment Gateway | Best Payment Services https://highriskgatewaysblog.wordpress.com/2022/03/28/high-risk-payment-gateway-best-payment-services/ Getting a reliable and reputed high-risk payment gateway to process your online payments can be challenging. Especially, when you run a high-risk business

    Getting a reliable and reputed high-risk payment gateway to process your online payments can be challenging. Especially, when you run a high-risk business. HighRisk Gateways provides high-risk businesses with the absolute payment gateway without any hassle. Let us show you how.

    A payment gateway connects a merchant to a credit card processing system. It forwards encrypted transaction data from a customer to a payment processor. Simply, it refers to a smooth and secure process for online payments.

    However, banks are completely aware of the risks connected to high-risk merchants. They also want to avoid legal complications and financial losses when providing merchant account services to high-risk businesses.

    So, you’ll have to redirect to high-risk payment processors ready to take the risk. And you will get a high-risk merchant account after the underwriting process.

    Overall, these payment service providers analyze your business to observe the level of risk. Before providing the best payment gateway for your high-risk business.

    Opting for the Best High-Risk Payment Gateway

    The best high-risk payment gateway for high-risk businesses comes with features that are valuable to high-risk merchants.

    High-risk business needs multiple merchant accounts with intelligent payment routing to reduce the risk. Acquiring banks have the power to block your high-risk merchant account if they find you have violated any policy.

    Multiple merchant accounts with various acquiring banks confirm that your payment processing services continue smoothly. Whereas some payment service providers might say that this is a great option, the best payment gateway for your high-risk business will assist you to take a different approach. Also, use a single high-risk payment gateway for various merchant accounts.

    It basically works by syncing a single payment gateway to various merchant accounts and controlling all of them from a single dashboard. Every merchant account can be observed separately, combined, or compared to one another.

    Moreover, a payment gateway is connected to more than one merchant account. So, you can track everything from one place through single API integration.

    Perks of using a single payment gateway for multiple merchant accounts

    • Low Pricing Structure. The best payment gateway for high-risk merchants is always available to negotiate when you associate multiple merchant accounts with a single payment gateway. A single merchant account linked to one payment gateway has a higher pricing structure because of your high level of risk.
    • Minimum Loss. Businesses with multiple merchant accounts controlling through one mid-payment gateway avoid many losses when the services of a payment processor or acquiring banks are interrupted. If any of these financial institutions are having issues in offering their services to the merchants. So, you can always prefer another payment processor to resolve this setback.
    • Better tracking of sales. The best high-risk payment gateway for high-risk businesses will provide you with the facility of tracking sales from your multiple merchant accounts for both credit cards and ACH payments by eCheck payment processing services. If you have more than one website or POS system, tracking sales through a single merchant account can be mentally typical. And that’s why merchants need a robust virtual terminal. With a messed-up stream of data, matters can be made even worse when customers ask for refunds or file chargebacks.
    • Less Risk. The best payment processor for any high-risk business will tell you that every business has a different type of risk to an acquiring bank when accepting high-risk credit card transactions. So, having a single merchant account, it is extremely difficult to focus on chargeback prevention. Because with one single merchant account, businesses bring themselves to a higher risk of customer disputes and excessive chargebacks that can disturb your business if the 1% threshold is breached. Moreover, if these issues reach a level where they can no longer be managed. You could lose your merchant account.

    Cash Flow Management

    According to the bank research, 80% of small businesses fail because they mismanage their cash flow. As cash refers to the fuel that helps in running a business smoothly. But most merchants wrongly manage their financial resources because of a low understanding of cash flow management. When you connect your high-risk multiple merchant accounts with a single payment gateway. It gives you an opportunity to observe the movement of cash in real-time.

    Also, a single payment gateway with multiple banks helps you in anticipating cash flow. Along with cleverly managing expenses, paying the reverse debt, and more essentially operating within the ability of sustainable growth.

    Best High-Risk Payment Gateway for High-Risk Business: Intelligent Payment Routing

    The best payment gateway providers for high-risk businesses also provide an essential payment service feature known as intelligent payment routing.

    Money travels from one bank account to another by a process called payment routing. This process works by a payment network that associates a customer’s issuing bank with an acquiring bank.

    For online transactions to move forward, they require to be in queue with the bank’s terms and conditions. This is what observes whether the transaction has been approved or declined. This routing rule helps in protecting banks and business owners from criminal activity.

    Intelligent Payment Gateway Routing

    The involvement of intelligent payment gateway routing has resolved the issue and includes multiple payment service providers. However, they are working together for a common aim which is identifying the fastest route to an acquiring bank during a transaction.

    Intelligent payment routing will allow a transaction to forward directly to an acquiring bank that is ready to accept and process it.

    This is a decent payment solution for frustrated customers whose payments never seem to go through. Also, merchants with low conversion rates because customers abandon their shopping carts.

    Intelligent payment routing will allow high-risk merchants to divide their payment loads and achieve their payment processing goals.

    What is the process of intelligent payment routing via the best high-risk payment gateway?

    The best high-risk payment gateway for a high-risk business means managing efficient transactions and sending funds to the best acquiring banks that will resolve it out successfully and quickly.

    Intelligent payment processing routing is beyond a traditional routing system by choosing the best route with the least resistance out of all acquiring banks.

    It looks at all available banks with their rules and regulations and analyzes a transaction for completion without delay.

    Suppose, the first acquiring bank refuses a transaction. The smart payment routing forwards the transaction to the second bank that can approve the funds’ transfer.

    Intelligent payment routing is suitable for international high-risk merchants and works beyond geographical borders.

    Conclusion

    Using intelligent payment routing with the best high-risk payment gateway personalized for a high-risk business will help you in achieving the following.

    • Smooth payment processing brings repeat customers.
    • Also attracts an international audience.
    • Target best markets.
    • Lower down marketing costs.
    • Brings you to the top in the competition.

    HighRisk Gateways | High-Risk Payment Services Expert

    Our process of applying for a high-risk payment gateway is easy, faster, and simpler. Apply now for a High-Risk Payment Gateway to accept payments via credit card

    HighRisk Gateways consider merchants globally in nearly every genuine industry. Our online payment processing solutions with a high standard of services allow us to provide you with the best payment solution for your online business.

    Source: High-Risk Payment Gateway | Best Payment Services

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  • High-Risk Payment Gateway | Best Payment Services
    https://www.highriskgateways.in/high-risk-payment-gateway-best-payment-services/
    Getting a reliable and reputed high-risk payment gateway to process your online payments can be challenging. Especially, when you run a high-risk business
    High-Risk Payment Gateway | Best Payment Services https://www.highriskgateways.in/high-risk-payment-gateway-best-payment-services/ Getting a reliable and reputed high-risk payment gateway to process your online payments can be challenging. Especially, when you run a high-risk business
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  • Get The Best High-Risk Merchant Account In High-Risk Industry
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