We at Webpay endure every merchant to have efficient payment gateway solutions that can drive businesses to higher exponential growth. High-Risk businesses such as Pharmacy, Tech Support, Adult Entertainment, Forex Trading etc. require an efficient merchant account so that they can better provide security in terms of providing payment transaction solution. Businesses that involve high-risk are often prone to high financial losses. Merchants often suffer from devastating times facing the losses. Merchants also suffer from the phase of instability since they are losing potential customers and it will also impact the sales of the business. Hence, merchant account service provider comes into play they will help you out with providing bad credit merchant account. Certain, service provide gets you the certain financial aid to your business that will allow some relief to the merchants in bad times. We at WebPay get you the best High-Risk Merchant Account Solution that will allow you to have efficient payment transactions for your business.
What is the advantage of getting a merchant account?
There is the various aspect of getting a merchant account facility. It will provide you with the different features such as multiple currency feature, safe and secure payment transactions, simple integration, a different mode of payment option, higher customer database, potential and recurring customer and various other benefits. Here is the list of some of the benefits that you can have by availing the merchant account facility.
Multiple Currency Feature:
Multiple currency feature will allow you to have multiple currencies for your business account. International customers will have the flexibility to make payment for your online business. Merchants will also have a high volume of sales.
Different mode of payment option:
Different mode of payment option will allow you to have different credit or debit card payments on your online business. There are different credit or debit cards available such as Master, Visa, Discover, JCB etc. These are some of the different kind of cards and customer can easily make payment with any of the cards.
Merchant account gets easily integrated with your system application. It makes the entire system smooth and flexible. Hence it is more convenient for the customer to get to your website and make payment for your product or services.
Safe and Secure Payments:
Payment processor will allow you to have a safe and secure payment transaction for your business. It encrypts the essential information such as email address, phone number, bank details and other relevant information that are essential to protect while transferring funds from one financial institution to other financial institutions.
These are some of the benefits of having a merchant account facility.
How to get an efficient payment processing account?
Banks or financial institutions do not approve a merchant with a merchant account. Since they want to make sure that your business is not associated with any ill legal or unlawful activity. Hence they intend to follow a comprehensive process to get to know you’re close. Once they know the nature of your business they will categorize you under low-risk, middle-risk, or high-risk categories. Then they will come up with a possible solution that will drive the needs of your business. Certainly, there are some documents which are needed to provide you with the best merchant account facility. Here is the list of some of the documents.
• Director’s Profile KYC
• 3 month’s recent processor statement
• 3 month’s recent bank statement
• Authorized Government Voter ID’s or Driving License
• Chargeback up to 2%
• 24*7 customer support service
The service provider will allow you to have a merchant account within 5 to 7 business working days. We at Webpay provide you with the efficient High-Risk Payment Gateway that will allow you to have higher business growth.
Read our another blog post: ACH Payment Processing