September 3, 2023. The high risk gateway services provided by Authorize. PayKings is a merchant services provider specializing in high-risk merchant accounts. Correspondingly, you should start off your recurring payment processing with the right company. We’ve done all the work to provide you with this Payment Processing 101 Guide - filled with helpful tips, tricks, and insights for getting your eCommerce business on the road to processing payments. November 13, 2022. Celerant is a high-quality gun shop software that includes shooting range software and POS systems that have been serving the firearms industry for over two decades. PayKings Overview. Be sure to phone a customer of theirs who operates a business in your industry, especially if you’re a high risk merchant needing a high risk merchant account. Accepting card payments such as credit, debit, ATM, EBT, gift, company discount, etc. we had a CBD merchant account with them, they have created a fake panel, they took our card date and called our customer to sell some cheap product at lesser price. Choose an eCommerce Platform. May 16, 2023. The company’s core business includes revenue recovery through representment, long-term chargeback mitigation, and fraud alerts. Medium/High Risk Accounts. If you are a high risk merchant on Shopify, it is. As stated before, there are various reasons a customer may dispute a fee. Skip to content. The 3D Secure feature works through the 3D Payment Gateway enables the shopper to enter a password to confirm their identity with the card issuers. Many people who can’t make it to their vacation destination try to reverse payments after realizing they can’t cancel an agreement. PayKings can get your high risk business opportunity company a merchant account quickly and easily. The Modern Online Dating Market. Direct debit works for recurring bills, gym memberships, and even online goods. will require the use of a MID. How it works. If you're opening a new weight-loss business, or have established yourself as a pioneer in the diet space, you know that payment processing can be difficult. High ticket prices. This is because, wherever your mobile phone can go, it can accept credit card. 20+ Proven Bank Relationships. We have since established many acquiring banking relationships to become experts in getting online gambling merchant accounts accepting online payments. Higher risk of fraud. With a variety of working capital products available—Small Business Loans, Lines of Credit or Business Cash Advances — you can get the funds you need to purchase inventory, hire employees, or grow your business in. PayKings hires independent sales agents but has not received very few complaints about its sales practices. Paid Social Follows and Likes. In the dynamic world of online transactions, where speed and convenience reign, the occasional hiccup can disrupt the flow. Smartphones are everywhere. Cancellation Fee. 3D Secure payment gateway may seem like a tech buzzword, but it could help your ecommerce or card-not-present business decrease shopping cart abandonment. PayKings retail & swipe credit card processing solutions allow merchants to offer flexible methods of payments at the point-of-sale, including major credit cards, debit cards, ApplePay, and ACH/checks. While traditionally viewed as high risk. 2. Because you are using an airline booking merchant account, you will get that $287 within 48 hours. For a standard merchant account, the average pricing is around 2. Visit us now!March 14, 2023. Higher chargeback liability using the given services or products. The online shopping and membership club industry is growing, and you can expand your market share with an online presence. I recently got approved by Authorize. Ebay was one of the great pioneers in the industry of online auction merchant processing. The company was purchased by Signature Payments in 2022. High risk payment gateway technology captures credit card and ACH information from customers and transmits this information to payment processors for authorization. A cannabinoid merchant account is an essential resource for ecommerce stores that sell THC-based products. August 2, 2023. As a result, PayKings offers sustainable telemed merchant accounts for health companies making the move… Read More. Unfortunately, it's really rewarding for fraudsters. These products can range from general hemp-infused clothing items, to edible cannabinoids. Tobacconists usually have a hard time finding reasonable merchant services. Integrations. After opening your merchant account, you’ll be able to install the code to connect it to your online store. Chargeback Prevention. 1. Because of this, the transaction fee is greater. Other retailer accounts on a bank statement. Monthly Minimum Fee. Shopify recognizes the changing laws and regulations in the CBD industry. But that doesn't mean securing funding for a startup company is impossible. PayKings Blog. There are many other businesses classified as moderate risk. As a St. You are incorporated in a low risk state. The company does not allow certain types of industry to process due to various concerns. Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. 04. Through strategic partnerships, we offer secure, flexible, and efficient payment processing systems for all industries. Their software allows users to easily create HTML5 websites and mobile sites using simple online drag and drop features. Moreover, restricted business categories exist with all financial service providers, not just Stripe. 3 PayKings High Risk Payment Gateway Capacity, Sales, Price, Revenue and Gross Margin (2018-2023) 12. Bad credit or low credit score. Unlike other providers, Chargebacks911 views. Their Chargeback Total Protection enables you to recoup a portion of any losses due to fraudulent transactions. PayKings offers payment solutions to businesses in high risk industries, which means that as payment processing providers, our banks are willing to accept the liability for the increased risk associated with those businesses that are categorized as needing a high risk merchant account. First, check the Enable PayKings checkbox. At PayKings, we work closely with high risk merchant accounts and B2B clients to ensure they receive the best B2B payment solutions. As a result, every design becomes a long-term investment. PayKings works directly with you to streamline the application process and get your business up and running quickly. Chargeback Hero has automated software for high risk merchants that was designed specifically to handle the. No merchant wishes to be taken. The fantasy esports arena has stricter regulations than most. by Don Bush, VP of Partner Engagement, Chargebacks911 Finding love online is big business. Fill out an online application. Suddenly you’ll find a message that Square has stopped your ability to process payments online because your company requires a high risk merchant account. We will be in touch shortly to discuss next steps!PayKings is an international payment provider for the high risk industries. 99. Whether your ecommerce store is selling CBD oil, Adult Items, or Credit Repair Services, your merchant account should custom fit your business’s needs. Both industries require high risk merchant accounts. Payment processors charge a fee per transaction and as an overall percent of every purchase, so requesting a free payment terminal is your way of evening the field. So many business owners seek prevention and eCommerce fraud protection solutions. Square CBD Processing Rates. These payment processors are willing to. Customers may return products or file chargebacks on supplements they decide to keep. This direct transaction can be for a certain amount or take place at regular intervals. A merchant is usually classified as high-risk if the industry has a higher risk of fraud and chargebacks. Home; Merchants. It’s only a matter of time before you could get your merchant account dropped. You’ll also be able to monitor important details like your number of chargebacks and refunds. PayKings offers your eCommerce or brick and mortar business same-day ACH also know was electronic check payments. Luckily, there are other places that. Each solution has slightly different features, benefits, and add-ons from which to choose. We’ve done all the work to provide you with this Payment Processing 101 Guide - filled with helpful tips, tricks, and insights for getting your eCommerce business on the road to processing payments. Some customers are more comfortable paying with echecks; they should have the freedom to pay the easiest way possible. Additionally, If the card issuer accepts the password then they complete their order and this comes to you as a legitimate and authenticated transaction. This has resulted in many more businesses needing a vape merchant account. You are incorporated in a low risk state. That's why it's so important for entrepreneurs to thoroughly search for the cheapest credit card processing possible. This allows our experts to offer ecommerce solutions for all verticals and business types. iSpyFraud™ ‘s extensive reporting system gives merchants a quick and easy way to review transactions, block. In an industry that yielded over $415 million dollars in 2017, there is clearly money to be made with your online dating business, and PayKings are here to help you reach your full potential with secure and reliable payment processing for your online dating merchant account. A user-friendly platform for managing payments that enables companies to add multiple MIDs or merchant. The company offers credit card processing, mobile payment processing, retail & swipe terminals. Cannabinoid merchant accounts allow you to process payments online while selling goods in this vertical. Fill out the form to download our FREE PDF on everything you need to know about getting your business set up, running smoothly, and accepting. The trend of selling products or services online is continually increasing. High Risk Merchant Account Providers. It may come without warning. 4 billion in 2013, domestically, collecting $55. Accept Payments Today. So, merchants can implement credit card surcharging and pass on the processing fee. Apply for a merchant account today for secure, seamless, and cost-effective credit card processing. Whether it’s a secure debit payment gateway, a physical payment terminal, or a high risk merchant account, PayKings has ideal payment solutions. High ticket prices. You have many payment options if you have a business and use WooCommerce. As online and mobile payments grow in popularity, merchant accountHigh Risk Merchant Account. When a customer makes a credit card payment in-person, the transaction is very secure. September 3, 2023. With a huge following, customers needed a way to find trust credibility through. 2. The hemp, CBD, and cannabis industry in Canada has been consistently booming. In fact, ecommerce sales are expected to exceed $500 billion by 2022. In turn, they allow certain types of CBD-related businesses to sell merchandise and assorted products through their platform. These exact issues are often regulatory, legal, or brand confilics. At PayKings, we are compatible with dozens of Ecommerce platforms and plugins. Chargeback Prevention: Navigating the Path to Secure Transactions. Once you’re in chargeback trouble, applying for another merchant account becomes even more. Any merchant, low risk or high risk, should have a mobile credit card reader in order to make the sales of products and services more convenient for customers. This code is used by all major credit card providers – Visa, Master Card, American Express, and Discover. The recurring billing business model is a popular form of payment processing for many businesses, but especially for eCommerce businesses. It is roughly around $40 per year for each, debit, or credit. As a result, cigar and tobacco merchants in this space typically pay higher rates and processing fees so they can operate within this uniquely regulated vertical. August 18, 2023. Vindicia Retain focuses its revenue-building power on retention by resolving failed transactions. This effectively shifts the liability for fraud away from ecommerce merchants, allowing them to. The fantasy esports arena has stricter regulations than most. High Risk Merchant Account LLC specializes in high risk merchant accounts and can likely help. In the ever-changing environment of payment processing, PayKings understands all of the card brand rules regarding debt repayment so you don’t have to. Subscription Payment Processing. Card machines usually cost between $65 and $100 for one unit. Reply. If your high risk merchant accounts depends on card-present terminals, for instance, you’ll be dealing with interchange and interchange plus rates per each transaction. Friendly Fraud. From payment terminals, to ACH or Echeck options and other standard forms of payment acceptance, PayKings can help get your business a high risk kava merchant account. In comparison, online credit card payments are more susceptible to fraud or other security issues. How Ecommerce Retailers Adjust To A Post-Shut-Down World. But they do have limitations on the types of CBD or hemp-related items you sell using the Shopify. We can offer the high risk payment processing solution your CBD merchant account needs. 4. Below you can find the reasons an adult merchant account could be classified as high risk: 1. These services are fine for low risk industries. PayKings: It is a top-tier provider of best merchant account services, specializing in high-risk merchant accounts and payment gateways. Auction Merchant Account. This means that. PayKings has multiple options for you and we. Failing to Understand Rates and Fees. One of the main benefits Clear. In the end, your merchant account may drop you if you exceed a certain chargeback threshold. According to recent data published by IbisWorld, the online dating market in the US enjoyed 11. Plus, They help merchants from Shopify get up and running by leveraging relationships with banks to help high-risk merchants get approvals. In addition, these businesses need crypto payment. It merely indicates that your business operations come with a higher level of risk, which requires specialized merchant services. PayKings, Saint Petersburg, Florida. Mail Order & Telephone Order. As a result, cigar and tobacco merchants in this space typically pay higher rates and processing fees so they can operate within this uniquely regulated vertical. If you are in need of debit processing for your high risk business, call (727) 300-0277 today. Chargebacks are quite common when it comes to subscription box merchant accounts and this can happen for a number of reasons, but regardless of why, these chargebacks will. PayPal combines different fees and add their own on top. ; Account Updater – With Account Updater, you’ll minimize lost sales and declines when your customers’ credit card information changes or expires. 3. A merchant account is a bank account for your business. Watch out for hidden fees. If the target business operates in an industry with a history of high. 5000 as a top national company in growth, and have achieved all of this growth with eCommerce merchants referred by partners–just like your company. We take the guesswork out of what your next steps should be when applying for a high risk merchant account, after being dropped with companies like WooCommerce. Payment processors will categorize your company as low risk when: Your company brings in less than $20,000 per month. Every retailer attempts to create a refund policy that will protect each purchase. The two highest-risk accounts are adult material or pornography and online gambling. The History of Vindicia With over 15. A merchant service provider is a middleman between the consumer’s banks and the merchant’s banks. A consistently high or increasing chargeback ratio. This billing model. Credit card fraud is a wide-ranging term for theft and fraud dedicated to using or involving a payment card, such as a credit card or debit card, as a deceptive source of funds in a trade. Fraudsters lurk in the shadows, seeking opportunities to exploit personal information and conduct unauthorized transactions. That means PayKings will service companies in industries that many other payment services shy away from. Direct debit is a pre-authorized payment straight from a bank account. If you don’t use payment processing solutions that accept high risk accounts, like we do here at PayKings, funds in your CBD oil merchant account can be frozen or shut down completely after the bank’s underwriting process has found the industry as high risk. PayKings recurring billing gives you the flexibility to customize the intervals when your customers are charged. Individuals who apply for payment processing through a bank who happen to have a credit score of 580 or less are considered bad credit merchant accounts. Submit the proper documentation. Customers who select an eCheck as their payment option enter their bank routing number and checking account number to complete the electronic check transaction. PayKings understands the special needs of different credit repair related companies and has created 24+ acquiring banking connections to become experts in getting credit repair merchant accounts set up and accepting online payments. 2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since). As a Merchant: The PayKings team has merchant account solutions for businesses with processing volumes of $20,000-$100,000,000+ per month. CBD is a rising industry in the global marketplace of eCommerce. Credit card fraud is scary for people everywhere, especially with new technology. Currently, it counts for $3 billion in gross sales. Here is an easy breakdown of the rates Square offers for CBD processing. Say you choose Stripe for your CBD merchant account payment processing. 2% + $0. PayKings will help you get your account recovered the right way. But PayKings specializes in working with high risk merchants and we have multiple acquiring banking partners that offer background check merchant accounts. Direct-marketing response merchants typically struggle to find stable and long term solutions to accept and process credit cards via a VT (virtual Terminal). PayKings is leading the industry of payment processing, especially for high risk merchants. June 27, 2023. The legalities and brand associations are the principal concerns for banks and financial institutions. PayKings retail & swipe credit card processing solutions allow merchants to offer flexible methods of payments at the point-of-sale, including major credit cards, debit cards, ApplePay, and ACH/checks. 3. A portion of the funds are collected via credit card and secured by the bank from the merchant’s account to minimize the risk of potential chargebacks. In fact, it's growing so much that there's a huge demand for these cannabis business owners to obtain a sustainable Canadian cannabis merchant account. 1. Switch Merchant Accounts. The best merchant service partner is one that provides you time and resources to help your customers succeed. PayKings (Merchant Payments Acceptance Corp LLC) is your powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing solutions. 75% & $0. August 8, 2023. PayKings has multiple options for. Apply today for a high-risk merchant account with PayKings. WooCommerce High Risk Merchant Account WooCommerce is an. 3. Chargebacks are quite common when it comes to subscription box merchant accounts and this can happen for a number of reasons, but regardless of why, these chargebacks will. The History of Vindicia With over 15. Card details are automatically refreshed, ensuring a seamless experience for both your business and. B2B payment processing exists to enable companies to make online transactions fast and accessible. With a CBD payment processor that fits your. With occult services like fortune-telling and psychic readings, certain banks consider the industry high risk. A rolling reserve is a strategy used by banks to shield themselves and the merchant from possible financial loss due to chargebacks from the customer. PayKings Blog. PayKings is the industry leader in high risk merchant account payment processing. Luckily, there are other places that. Accepting card payments such as credit, debit, ATM, EBT, gift, company discount, etc. The way it works is for a separate legal entity to engage in the payment processing while they, the banks, sign on as strictly the depositor. If this happens while you’re running an e-commerce store, it means that when customers visit your site, they are being turned down as they try to purchase. Regardless of which kind of business you run, your volume, or your past calculating history, we provide top-rated high risk merchant account services and payment processing solutions to truly help your business thrive and grow. There are many reasons a shopper might initiate a chargeback, and understanding these can help you to fight them and even avoid chargebacks all together. Fraud. The customer pays this invoice with a debit or credit card, typically online or over the phone, making this payment a card-not-present payment. The answer to both of these predicaments is that you need to get a dedicated high risk merchant account to ensure your payment processing runs smoothly from month to month and with less risk of getting interrupted. Unfortunately, the coins. For one, each state has different laws and regulations surrounding the sale and distribution of cannabis products. If you don’t use payment processing solutions that accept high risk accounts, like we do here at PayKings, funds in your CBD oil merchant account can be frozen or shut down completely after the bank’s underwriting process has found the industry as high. PayKings offers a proven platform, a reliable payment gateway, service excellence, quick and painless application process , and the lowest possible. Looking for an (industry) Merchant Account? Look no further than PayKings; leading experts in getting your (industry) business ready to accept paymentsPaykings. It’s comparable to an individual’s social security number, but in this case, it identifies a bank account. Cryptocurrencies in general have gained global attention and acceptance. Start accepting payments today-for virtually any. The best way to maintain your company’s financial success, combined with a reliable payment gateway for your payment processing needs, is to take action to prevent chargebacks. PayKings understands the unique needs of the different Web Design & SEO related businesses and has established 24+ acquiring banking relationships to become experts in getting Web Design & SEO merchant accounts set up and accepting online payments. Client data isn’t handled on your site, much like the payment gateway is handled through PayKings. Celerant is a high-quality gun shop software that includes shooting range software and POS systems that have been serving the firearms industry for over two decades. There are several reasons that a provider like Shopify would drop or freeze high risk merchant accounts. What is a Credit Card Payment Processor? September 7, 2023. You send the client an invoice via mail or email. However, there are challenges when it comes to passively processing financial transactions like this. Vindicia Subscribe drives higher revenue throughout the subscription lifecycle. These services are fine for low risk industries. Moreover, NMI processes billions of dollars in payments each. Those high risk merchant account providers that are willing to process transactions for your high risk business, reputable companies like PayKings, are offering solutions to those businesses that need it most. Founded in 2011. We focus on making sure your high risk merchant account is sustainable and continually processing payments. High Risk Payment Processing Rates and Fees. Monzani said: I see many threads asking about high-risk payment processors, I am leaving below a list of some options. Luckily, we have the means and the know-how to make. However, when a business becomes more complex, a CBD processor becomes the best. 3. Continuity subscription merchants are realizing the importance of ongoing revenue to grow their business. With a huge following, customers needed a way to find trust credibility through. 2. In the end, your merchant account may drop you if you exceed a certain chargeback threshold. Our affordable e-commerce merchant services and online credit card payment processing seamlessly integrates with your e-commerce payment processing platform. One Contact Center provides experienced, college-educated customer service reps, trained in Online Ordering, Payment Processing, Chargebacks, Inbound Calls, fast responses to Chat, Email, Social Media (monitoring & posting), Virtual Assistant, Tier 1 and Tier 2 Help Desk and Outbound Marketing. Prevention starts by knowing the resources available to help to keep your chargebacks ratio low, and more so, to take actions to prevent them. Merchant Accounts For Tobacconists. From big corporations to small-scale online stores, cybercriminals are constantly infiltrating payment. 20+ Proven Bank Relationships. PayKings offers payment solutions to businesses in high-risk industries, which means that as payment processing providers. 999% uptime, customizes your store for a truly unique experience, offers 24/7 support with over 205,000 developers and partners – additionally Magento houses over a. A background check merchant account is classified as high risk for a variety of reasons, making it difficult to find a reliable processing partner. The following are some tips and must-knows about how to grow your sales worldwide. Firearms merchant accounts are constantly under fire by big banks. Getting a coins and collectibles merchant account is as straightforward as applying for payment processing with a company that approves high risk merchant accounts. By selecting a suitable processor, understanding fees, and prioritizing security, nonprofits can expand their reach and make a more significant impact. This article will explain what exactly equipment financing is and. Eye4Fraud screens, verifies, and guarantees your online orders so you can sell and ship with confidence. Processing services often charge around $13 a month for processing and between $65 and $130 for their initial setup. PayKings provides high risk merchant account payment processing solutions for small to enterprise level businesses. That means PayKings will service companies in industries that many other payment services. August 9, 2023. 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. Credit Card Fraud Protection. It’s comparable to an individual’s social security number, but in this case, it identifies a bank account. In the past, It has faced some challenges but the process of selling CBD online continues to evolve. Stripe vs PayPal: Card Payment Options. Suddenly you’ll find a message that Square has stopped your ability to process payments online because your company requires a high risk merchant account. They wanted their entire commerce stack integrated with automation, business rules, workflows and a dashboard that captured it. Overall, PayKings is a reliable and reputable CBD payment processor that can help. Additionally, marketing and web development companies usually have a significant delay time between billing and. High Risk; Low/Medium Risk; Retail; B2B PaymentsBest for Cannabis & Hemp Payment Processing: Canna Group LLC. With your business. When seeking a merchant account and reliable payment processing for your online business, keep in mind that card brands require certain information to beThank you for your interest in partnering with PayKings. Continuity Subscription Merchants. It can be useful for every kind of business (casino, gambling, forex, CBD, +18, etc), but contact each one to make sure they can meet your requirement and if they accept companies/citizens from your. For example, payment processors like Square place these companies on their prohibited items list. NMI enables merchants flexible payment processing anywhere. But PayKings has compiled a helpful list to get you started and keep your eCommerce business on track and flourishing beyond what your competitors are doing. May 20, 2023. Our payment processing experts can help merchants decide which option best suits their business. July 21, 2023. Chargeback fraud or favorable fraud occurs when a dishonest customers use chargebacks carelessly which in turn causes. PayKings specializes in working with high risk merchants. These services take care of electronic payments for businesses. We can get you approved in as little as 6 hours. Most payment processors prefer at least a 30-day unconditional refund policy. Even though the market for kratom is starting to sky rocket, entrepreneurs are still faced with added difficulties. This billing model allows companies to have a secure and consistent customer base that they can count on. com) at Paykings could help you with more. Moreover, NMI processes billions of dollars in. Look for a payment solution provider who takes PCI DSS rules and regulations seriously and helps your business stay compliant. Payment processors that concentrate on high risk retailers, provide alternatives to help limit risk, fraud, and chargebacks. For years, PayKings has supported and provided firearms merchant account solutions to a variety of transaction types which include: retail, firearms eCommerce, cellular (perfect for gun shows), telephone, virtual terminal, and recurring billing firearms-related companies, that include ammunition sales, gun, ammo, and accessories manufacturers. State and Federal Regulations. @DustinK (dustin@paykings. Some companies implement Convenience Fees and Surcharges to offset these expenses. There are over 50 chargeback reason codes between all the major card brands, and while the list is too long to cover them all here, we wanted to address the most commonly abused reasons for a credit card chargeback disputeTimeless Graphic Design With a refined approach centered around long-term design solutions, Naaman Creative’s productions are timeless. In this manner, you can acquire dependable and. A chargeback is a refund that the merchant is forced to give, as opposed to a refund voluntarily given. Every dollar your business earns flows through your merchant account. What Is A Merchant Account? October 12, 2020. March 16, 2023. Timeshares have a history of high risk in the payment processing industry. Here are 5 significant things to know when applying for the best high risk payment gateway for your eCommerce business: 1. High Risk Payment Processing for Continuity Billing. Among the industries to which PayKings provides solutions are Adult, CBD, Dating, Debt, Collection, Firearms, Nutraceuticals, Pawn. Your average ticket size is significantly less than $50. There are several steps when setting. Eye4Fraud. Because you are using a travel merchant account, you will get that $887 within 48. Here are some of the most common reasons banks and payment processors consider your business as high risk: Large amount of chargebacks. At PayKings, we work closely with high risk merchant accounts and B2B clients to ensure they receive the best B2B payment solutions. Because of this, we can help you get your retail or Ecommerce adult merchant account approved quickly. As long as companies exist to help individuals recover from financial disaster, there will be a need for processing payments. With international world commerce thriving, many companies look for unique solutions across the globe. Many people who can’t make it to their vacation destination try to reverse payments after realizing they can’t cancel an agreement. Many insist their customer take back the unused part of their merchandise. High-risk businesses can use High-Risk Payment Gateways with Multi-MID Support for secure financial transactions. They have 1 month, 3 month, and 6 month subscription plans that allow you to cancel at anytime. In a world rapidly embracing digital transformation, financial transactions are evolving at an unprecedented pace. Much like CBD and THC, terpene oils fall into a highly regulated industry. Large Merchant Case Studies. The online dating marketplace seems quite attractive to investors. How a retailer manages the danger surrounding such disputes will determine whether it results in a chargeback. Sharing an account with another retailer. PayKings knows how important card processing can be to the success of your business. Orderwave has established a professional services division that allows customers to utilize their in-house team of customer relationship professionals to fill-out their offerings. An explosion of programs and online sites have continued to generate this services. Nutraceutical Merchant Accounts. Hosted or Integrated Payment Gateway. Why is this? Well, largely in part because the services provided include big ticket transactions. Everyone involved in the transaction receives a percentage of the sale, which is the “ interchange “. From your local organizations like gyms and newspapers to big corporations like Netflix and Amazon Prime, most likely the average American consumer is making payments via the recurring billing model. The cost of a merchant account depends on your business and industry. This ecommerce store transacts through a virtual terminal and payment gateway. At PayKings, we provide comprehensive high risk collection agency credit card processing solutions ranging from startups to businesses that process tens of millions of dollars a. They can also transfer funds between the merchant account and the customer accounts. Medium/High Risk Accounts. With your payment gateway integration and a portal through the bank, you can see all of your transactions and revenue flow. May 16, 2023. A revolution was underway and it was driven by businesses with high risk merchant accounts. Let our expert underwriting team go to work for you to get you approved. We work with merchants who need to acquire a recurring billing merchant account. With landlines on the decline and more and more people cutting the cord with their cable providers, our smartphones have become both our primary point of contactHere are some of the most common reasons banks and payment processors consider your business as high risk: Large amount of chargebacks.