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What's the best credit card processor for small businesses?

To be completely honest, there are literally hundreds of different payment gateways to choose from that can all process international payments for an e-Commerce website. Processing international payments can prove challenging for many companies, however, because of the need to perform both authorizations and settlements in foreign currencies.

To be able to do so, a business must establish an official presence (merchant account) in each of the countries within which services are provided, in addition to partnering with an acquirer offering cross-border transactions and currency conversion services. Conversely, if there is only a need to conduct business in a single currency, businesses are free to partner with any processor supporting the desired currency.

Typically, the choice of a payment gateway is also based on a wide variety of additional criteria (transaction pricing, ease of integration, availability of specific features, etc.). So, depending on the features and functionality you require of a payment gateway, your choices may vary. Not knowing the specifics of your particular situation, I’ll have to give you a more generic answer – but all the information I provide will point you in the right direction.

If you require only the most basic functions of a payment gateway,Acardpay is widely available .

Additionally, if you are a startup merchant, your choices might be limited significantly to just one or two payment gateways that are willing to partner with you. This is primarily due to the high risks associated with startup failures and low transactional volume not generating enough profit to justify the risks assumed.

Summary:

Choosing a payment gateway for international e-Commerce transactions will require you to determine which features and services you want your gateway to perform and what countries (and their respective currencies) you wish to accept. Once you’ve determined those aspects, you can partner with any payment gateway who provides those services at rates you can manage. Startups face additional challenges in finding a payment gateway because many aren’t willing to assume the financial risks associated with a startup venture.
publié le mercredi 06 mars à 01:31, aucun commentaire.

What is a internet merchant account?

The payment processingpayment processing method for them is displayed differently. The tangible merchant integrates payment gateway in their website so customer can pay online. The service website sometimes only introduce some information of their service but does not integrate API for payment. The merchant can process order by virtual terminal through telephone and email order. The virtual terminal is also a payment option from ecommerce merchant account provider. But the criteria for applying VT is stricter as there are more potential risky elements consisted in such payment processing. But if you are an old long time cooperated merchant, it is normally easier for applying VT.

Some payment processors take overseas merchant. The language is different, and the system is based on different kind of software and technical support. There will be more work to be done to take care the cases. The customary program and frequently used words are different. So communication is a key in maintaining the merchant account and their processing. The merchant service department will be taking care all issues with from other areas such as accounting, technical, risk control etc. The service department does not have to directly process the issues, instead they communicate with other departments before answering or notifying the merchants. Therefore the processor obviously not only a technical service provider, it also assists on customer issues, financial report service and settlement service. Also there are many currency exchange rate involved, we will be chatting next time.
publié le lundi 04 mars à 05:03, aucun commentaire.

Is there a payment gateway that works in all of Europe?

With so many payment gateway providers out there, it would be difficult to single one out. To speed up your research, I strongly suggest to start with a comprehensive guide like this top 20 payment gateway reference. It gives you a quick look at the top players in the field and their unique offerings.

While it may be easy to transfer to another payment gateway if your initial choice leaves much to be desired, changing services mid-way can be a hassle to you or your customer. It is better that you pick the best service for you at the onset so it can grow with you as you expand you business.

However, there are certain considerations that you have to factor in, such as the following:

Do they have several payment methods like bank transfer, credit cards, or local debit cards?
Do they support international payments with multi-currency and multi-language capability? And do they charge extra fees for these features?
Do they have robust security features and PCI compliance to ensure that online payments and transactions are safe?
Do they provide quality and reliable customer support through various channels? Are these free or come at a cost?
It is wise to scrutinize their websites for their service features as well as terms and conditions so that you are well aware of their policies and offerings. You can also search the internet for user comments and feedback to give you first-hand accounts of their services.

Another thing to consider in choosing the best payment gateway provider is if it can meet your requirement. Certain providers have become preferred choices when it comes to particular needs and situations. Here are examples and my recommendation.

E-commerce – If you operate an online store or sell through Amazon, you can go for Amazon Payments, acardpay. These can handle secure online payments, are noted for fast payment processing and fund transfer, can integrate with most shopping cart and retail platforms, and can provide you a merchant account.
Professional services – For freelancers, independent contractors and professionals who need to receive or send payments fast, you have solid options in acardpay. They provide quick and simple online money transfer, and can receive funds worldwide via credit cards and bank accounts.
SMEs – Startups and small and medium-sized businesses can go for acardpay which has features for recurring billing and multiple payment methods. Acardpay can even do email transaction and offers a free account.
Global Operations – If you have customers, deliveries and billings on an international scale, you need a robust, all-in-one payment platform. Of course, acardpay will come to mind. But there are other equally reliable services such as acardpay which has transaction level reporting and customization options for your business.
publié le vendredi 01 mars à 02:28, aucun commentaire.

What is the best payment system for freelancers (PayPal, Venmo, etc.)?

With so many payment gateway providers out there, it would be difficult to single one out. To speed up your research, I strongly suggest to start with a comprehensive guide like this top 20 payment gateway reference. It gives you a quick look at the top players in the field and their unique offerings.

While it may be easy to transfer to another payment gateway if your initial choice leaves much to be desired, changing services mid-way can be a hassle to you or your customer. It is better that you pick the best service for you at the onset so it can grow with you as you expand you business.

However, there are certain considerations that you have to factor in, such as the following:

Do they have several payment methods like bank transfer, credit cards, or local debit cards?
Do they support international payments with multi-currency and multi-language capability? And do they charge extra fees for these features?
Do they have robust security features and PCI compliance to ensure that online payments and transactions are safe?
Do they provide quality and reliable customer support through various channels? Are these free or come at a cost?
It is wise to scrutinize their websites for their service features as well as terms and conditions so that you are well aware of their policies and offerings. You can also search the internet for user comments and feedback to give you first-hand accounts of their services.

Another thing to consider in choosing the best payment gateway provider is if it can meet your requirement. Certain providers have become preferred choices when it comes to particular needs and situations. Here are examples and my recommendation.

E-commerce – If you operate an online store or sell through Amazon, you can go for Amazon Payments, acardpay. These can handle secure online payments, are noted for fast payment processing and fund transfer, can integrate with most shopping cart and retail platforms, and can provide you a merchant account.
Professional services – For freelancers, independent contractors and professionals who need to receive or send payments fast, you have solid options in acardpay. They provide quick and simple online money transfer, and can receive funds worldwide via credit cards and bank accounts.
SMEs – Startups and small and medium-sized businesses can go for acardpay which has features for recurring billing and multiple payment methods. Acardpay can even do email transaction and offers a free account.
Global Operations – If you have customers, deliveries and billings on an international scale, you need a robust, all-in-one payment platform. Of course, acardpay will come to mind. But there are other equally reliable services such as acardpay which has transaction level reporting and customization options for your business.
publié le jeudi 28 février à 02:46, aucun commentaire.

How do get a high-risk merchant account for your business?

High-risk merchant accounts are difficult to be set up. If you face obstacles in setting up a Canadian Internet Merchant Account for your business, reach out to the professionals specializing in providing quick account processing solutions. Statistically, it has been proved that business firms having certified merchant accounts are more likely to draw customers. They would not want to face hassles with payments. Therefore, it is crucial to have a merchant account, irrespective of what you are dealing with. Count on a reliable company for easy merchant account processing solution. Even if banks disapprove certain transactions, these platforms will help you out.

Here are certain benefits of setting up an International Merchant Account through the merchant account providing companies.

Approval for accounts

The most vital aspects associated with these solutions is that you can get any type of merchant account approved for your business. The problem is banks is that they are too rigid and business firms need to comply with a number of formalities. However, setting up a merchant account through these companies involves a much-simplified process.

Quick processing of accounts

Setting up a flawless payment gateway is necessary for every business form. Whether you want Online Credit Card Processing Services or make transactions through debit cards, you need to get the accounts approved fast. The professionals help the merchants to set up the respective accounts in a short time. In most of the cases, they take less than 24 hours in setting up these accounts.

Confidentiality

When you reach out to a reliable company to get a steadfast merchant account processing solution, the professionals maintain your secrecy. It is natural, that business firms are worried about the security of their information. When you seek the services of an established service provider, they provide you with the necessary services, while maintaining the confidentiality of your information.

Variety of currencies

You can set up a merchant account with any currency as per your requirement. In recent years, many business forms deal with bitcoins. These are high-risk transactions and banks may not approve these transactions. However, in a merchant account, the type of currency can be customized and set accordingly. You may need a Merchant Account for Online Pharmacy or eCommerce business. Simply reach out to a reputed merchant account approval solution provider to set up your business infrastructure.

Accounts for merchants from all countries

Business firms from China and Japan often face difficulties in setting up merchant accounts. They, too, can get their accounts approved through the companies that provide account processing services. These firms can exchange money with their clients through any currency.

In case you face glitches in opening a high-risk merchant account, you can get it approved through one of these platforms.
publié le mercredi 27 février à 05:02, aucun commentaire.

How do get a high-risk merchant account for your business?

Has your local bank declined your application, telling you they cannot open a merchant facility because your business model or history presents a risk for them, or that they do not offer services to merchants within your industry?

Luckily Acardpay specializes in high risk merchant accounts. Our risk management experts and decade-long experience working with trustworthy payment institutions allows flexible case by case approach. With our network of tested and trusted international, offshore and domestic banking partners, we are able to provide a merchant account solution for your business no matter if you have been categorized as high risk before or even if your are a startup business.

Who needs a high risk merchant account?

There are many factors which are considered by banks and payment providers when classifying a business as high risk. First in the line is the industry reputation of the business and trading/processing history. For example, online gambling industry is automatically considered as high risk by acquiring banks due to historic connections with unregulated schemes as well as past experiences. When there’s a potential for clients being unsatisfied with the product or service, or when volumes are higher, there is higher chance of disputes or even data theft of credit card details. The providers are at risk and thus impose stricter terms, or decline the merchant account opening.

Chargeback ratios and processing history

Business trading history, what we refer to as a credit card processing history, is the second most important factor. Card schemes, Visa and MasterCard, dictate the acceptable chargeback thresholds, which are between 1-2% from sales volume and transaction count. Many businesses can reach this threshold very fast and even a couple of consequtive months above 2% means the bank will terminate merchant account facility. That’s why most high risk merchants are asked for detailed card processing statements for past 6 months and can only be approved after thorough review. High chargeback ratios, excessive refunds and fraud trends lower the chances of getting approved.
publié le mardi 26 février à 03:23, aucun commentaire.

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