Top 10 Features and Benefits | eCommerce Payment Gateway

 

In 2023, eCommerce retail purchases are expected to rise from 14.1% to 22%

Every Business in the online sector is constantly pushing forward to compete with the eCommerce Giants. The retail purchases go through a payment processing channel of every company. Statistics suggest, if a consumer feels any inconvenience during checkout, they tend to leave the platform.

You need a dedicated payment service provider for your company. An eCommerce Payment Gateway that ensures a complete payment processing solution is a necessity today.

eMerchantPro eCommerce Payment Gateway Features for your Venture

Every payment gateway is similar in regards to the payment processing service, yet our payment gateway solutions differ a lot from other payment gateways.

• Complete Merchant Assistance: eMerchantPro has a huge clientele and we learn from every single one of them. Therefore, we try to talk to every merchant at a personal level. It not only allows your business to get instant approval but will also allow you to choose the best features for your venture.
• Multi-Currency Support: A necessary feature for eCommerce. Multiple currency support allows your business to seamlessly accept payments from foreign consumers. It is a feature that is designed for the convenience of the consumers. It attracts loyalty to your business from the consumers’ end.
• Hassle-Free Integration: A payment gateway should be smoothly integrated into any eCommerce business. We at eMerchantPro use APIs, Mobile SDKs, and Various Plugins to ensure that the integration is hassle-free. Our surety of Zero-Delay stands with us forever.
• Shopping Cart Integration: An exclusive feature for the eCommerce Payment Gateway is the Shopping cart Integration. We ensure that the shopping cart on your website gets integrated into the payment gateway for swifter checkouts of the orders. It adds convenience to both you as well as the consumers.
• Chargeback Management: We take care of the high chargebacks. Your business can rest easy as our feature of chargeback management helps you to significantly reduce the chargebacks from the consumers. We keep check of the chargebacks and screen through them with utmost detail.
• Fraud Detection: E-commerce retailers are at risk of losing over $20 billion in 2021 due to online fraudulent activities, a Juniper Research report found. With a bigger venture come bigger fraudsters and scammers. Therefore, we keep the fraud screening feature for our business and get rid of all the fraudsters by screening them or raising an instant flag against them. Keeping the scammers away from your site.

These are some of the features that we offer your eCommerce Business. However, we must reveal some of the benefits as well.

What are the benefits of eMerchantPro’s Payment Gateway?

eMerchantPro not only sets up the payment gateway for your business but also takes care of all the benefits that you can yield for your business.

• Global Reach: We love to help eCommerce businesses to reach the leaderboard of worldwide business. If you have a payment gateway for your business you can reach the audience of other countries and accept payments from them. Every business at some moment depends on the revenue they generate and we help you to attain a channel for the revenue.
• Security: We take extra precautions and ensure top-notch security for all the payment processes. PCI Compliance, 3D and Non-3D Secure, and SSL Certificates are ready to be integrated into the Payment Gateway. The end-to-end encryption of data becomes unreadable for hackers who try to steal the sensitive data of the consumers.
• Instant Approval: We have dealings with many banks and countries everywhere. Therefore, we manage instant approval for your merchant account and steadfast integration of payment gateway. The document verification and approvals for your eCommerce business’s payment gateway can swiftly be approved and set to the course.
• Smart Routing: Multiple banks mean no hindrance in payment processing. We will make sure that the payment processing is completed in a minimum time. This ensures that the channel is free of traffic and the consumers can pour in with no wait time.
• 24 x 7 Support: Our team of experts is on their toes to help you in case of need. It is understandable that your business is facing a barrier regarding payment processing. Thus, we are here and ready to tackle the barriers for you. You may sit back and relax for the revenue to roll into your Merchant Account. We will handle the rest.

So, did you come across all the 10 features and benefits of eCommerce Payment Gateway. We at eMerchantPro keep special care for all the payment processes. Our 100% success rating and 10.8k+ client base speak for itself. If you were searching for an Affordable, Flexible, Reliable, and secure payment gateway for your eCommerce Business then you did fall to the perfect website.

You may enquire more about our payment gateway solutions on our website. Our expert team will contact you as soon as possible with all the details necessary. All we want are your credentials and we are already good to go.

Payment Gateway USA A vital solution to your transactions

 

Secure your industry with payment gateway processes

eMerchant Pro offers a secure solution to all your pay-out processes if you are looking for a Payment Gateway solution. You can extend your industry with efficient gateway processes. As an industry owner, you can look for various ways to process your pay-outs without any complications. As a merchant, you can go for payment processors to enhance your high-risk business without a hassle. Thus, you can promote your industry with way-outs to ensure the process of a sturdy transaction.

The credit card offering strength to all your deals

The credit card processing offers strength to all your deals without any complication. You can look for instant transfer of funds from one gateway to yours. There is an exceptional transaction that offers the safest way to process your pay-outs. With Visa, MasterCard, UnionPay and many more offer you the grand transactions. You can try several clients from domestic and global regions and thus create trust among the clients. You can process your pay-outs from any place and at any moment.

Enhancing global deals with diverse currency options

As a merchant, you can enhance global deals with different currency alternatives. You can look for the safe processing of your pay-outs from your foreign clients. With diverse currencies, you can look for a secure way-out and thus advance your industry ahead. With our international currencies, you can hit a world market. This gives you a solution that can immensely affect your revenue as well. You can try new countries and also avail new global clients and thus maintain a competent business. You can look for the UK Pound, the USA Dollar and several more for an efficient transaction.

PCI-DSS compliance maintains security of dealings

Many industries may not be ready for the next round of acquiescence valuations, despite effectively meeting earlier PCI DSS necessities. And with new PCI agreement 3.0 necessities, at present is the preeminent time to discover help maintaining compliance. The PCI DSS compliance relates to all divisions that hoard, process, and/or carry cardholder figures. It covers practical and working scheme mechanisms included in or associated with cardholder facts. If you are a dealer who accepts or procedures payment cards, you need to obey the PCI DSS.

API integration tools for security purpose

API is incorporated to ensure support of the delivery of new stuff and amenities. That’s no exception as they allow programmers to incorporate functionality from exterior offered amenities instead of having to develop those roles themselves. Thus, you can improve your deals with our API solutions.

Get a high-risk account for industries

As a merchant, you can get a high-risk account for your industry and thus maintain the dealings awesomely. You can apply online to us. Once you apply with all the accurate details regarding your industry, you are contacted by the experts. They will offer way-outs according to your industry. Besides, they will also ask for your credentials for assessment purposes. Once the verification is done, your credentials are forwarded to the acquiring bank for verification. Once the credentials are gone through, you are offered an account.  Thus, a Payment Gateway from eMerchant Pro can assist the industry owners to process the pay-outs without a hamper.

Digital Payment Experience: A Pivotal Factor of a High-Risk Merchant’s Business

 

The Online Payment Scenario changed and is changing with forthcoming of the digital advancements. USA stands second in the Total Transaction value of US$1,296,362m in 2021, after China (Transaction value: US$2,892,494m in 2021) (Statista).

It massively takes the prospect that Digital Payments will govern the future. However, with the considerable transaction values, there is enormous competition in the market. To get a consumer for a business means to provide the best to the consumer.

In other words, if a merchant wants a consumer to buy a product or service from a business, a merchant needs to provide the best payment experience in the market. It becomes more crucial concerning the High-Risk Businesses.

The Stumbling Block for High-Risk Merchants

High-Risk Businesses need to be extra cautious while reaching consumers. They are not only vulnerable to Bank’s setbacks but also volatile due to the consumer’s involvement. Frauds, Identity Thefts, Chargebacks, and much more deplete the business standards and reach. Statistics (First Card Payments) suggest:

• 30 Percent were cases of identity thefts.
• 15 Percent of orders were wrong
• 26 Percent of orders had something else in the box.

On the one hand, Merchants have to deal with Fraud, Money Laundering, and Wrongly delivered or charged products. And on the other hand, Chargebacks have ruined more businesses than low profits.

It is hard to digest, but the truth needs to be out in public. At this point, what is the need of the hour? Is it reaching out to the consumers and telling them that there are better ways to deal with it?

It is not the feasible way and can never be!

The Role of a Payment Gateway

Transitioning from cash and POS card payments to digital payments took some time. However, streamlining the process of online payments became both seamless and hassle-free with the introduction of Payment Gateway.

Furthermore, it is more crucial regarding the High-Risk Merchants around the globe. The notoriety level of the high-risk industries can be reduced with the dedicated payment processing channel.

Yet, there are still multiple lingering questions in the air that needs to be answered. And we will be the active support to answer the questions related to the payment processing. We will also cover how this can streamline the process, offer a better consumer experience, and reduce the high-risk factor of a high-risk business. Let’s get into it right away.

How does a Payment Gateway Ease Payment Processing?

A payment gateway works as the solution to online payment processing. There are multiple crucial components to the complete online payment scenario.

All internal financial institutions take on several steps in quick consecution to complete the payment processing. The Payment Gateway, the Payment Processor, the Acquirer, Consumer’s Bank, and the Card Schemes form the base to the complete process.

However, the question is, how does it make the process faster?

Technology has significantly reduced the time involved in the process.

1. The Payment Gateway allows the consumers to directly pay on the website for the goods or services they need.
2. The Payment Gateway takes the authorized transaction details and routes them to the Payment Processor.
3. At times of Card Processing, The Payment Processor then quickly checks with the Card Schemes, Consumer’s Bank Account and returns the payment status to the payment gateway.
4. At the same time, if the Transaction is successful, the payment is transferred to the designated acquirer through an encrypted channel.
5. Lastly, the Payment Gateway Reports to the Consumer and Merchant about the end result of the payment.

The Payment Gateway reduces the initializing time, time of reporting, and exchanging information. Therefore, it enhances a merchant’s online payment processing power and streamlines the process for a better payment experience to the consumers.

A Better Payment Experience to the Consumers

A Merchant’s business, most of the time, is Consumer-Centric. Therefore, it requires a payment solution that complements it and adds to the growth of the business. There are multiple payment gateways around the world. However, there needs to be an expert Payment Service Provider such as eMerchantPro to produce significant results in the payment experience line-up.

The features are a representation of the Payment Gateway’s capabilities. Moreover, it produces solid consumer retention for a business through the service provider’s expertise. Here are some of the features that a payment gateway must have for consumers.

Card on File

Handling card information and entering it, again and again, is a traditional method for the consumers. To make the process seamless for the consumers, the Card-on-file feature of the payment gateway will be a massive support.

The Consumers can save their transaction details on the payment gateway for future payments. It reduces the time taken for the initializing of the payment. In other words, it instigates the payment faster. The consumer can use the saved transaction data to repay in the future with just a little credential entry.

Easy Checkout

To smoothen the process further, the Easy Checkout feature of the Payment Gateway removes any waiting time or illogical re-directions. Payment redirects reduce the experience of the payment for the consumers. Thus, it becomes pretty competitive for your business to provide a single-window for the consumers to pay.

A profound payment gateway offers only one window for the completion of the payment. Moreover, due to this feature, Card on File is easy to maintain and offers solutions for the consumers.

Multiple Modes of Payment

Payment Methods define the reach of a business. Therefore, the Payment Processing Channel must have multiple payment methods for the consumers. For an optimal experience, the consumers need to be satisfied with the modes of payment. Hence, Card Payments, Netbanking, eWallets, eChecks, Cryptocurrency, ACH, MOTO, etc., are some of the most important modes.

An expert payment service provider will ensure that your business has all the payment methods ready for the consumers. It eases the consumers’ pain to use only one mode of payment and get all the credentials in line.

Multiple Currencies and Languages

Everyone wants the preference to pay and read in their local currency and language. Therefore, the payment gateway has the support for all the major currencies and languages for the consumers. It means a merchant can reach a global audience easily and quickly.

Keeping in mind that preference is the key will revolutionize the business. Moreover, the Fintech industry has seen massive growth being consumer-centric.

A Seamless Payment Solution for Merchants

On the other hand, a merchant requires a payment processing channel that has all the capabilities. While doing so, it must make the complete payment process hassle-free. It’s duly the work of a payment gateway to ease the pain of the Merchants.

For a long time, the manual data entry for all the payments reduced the productivity of a business. With the forthcoming cutting-edge tech solutions, productivity increased, and manual labour found zero involvement in the process. Here are some of the advantages of a payment gateway to merchants.

Robust Reporting

Easing off the pain of reporting every financial institution involved is a leap forward. Thus, the reporting mechanism of the payment gateway readily informs the concerned institution promptly. It is the technological advancement that is talking in the payment processing channel. Therefore, invoices and bills will not be an issue for a business anymore.

Top-Notch Security

Where there is hard-earned money, there needs to be top-notch security. Therefore, a payment gateway follows the compliances with the standards and enhances the protection of the consumer’s payment details.

PCI DSS Compliance Level 1 ensures top-level security to the payment information

3D Secure Payment Gateway provides OTP based authentication security to the consumers and merchants

Tokenization converts the sensitive transaction details into non-sensitive data for seamless exchange,

And P2PE (Point To Point Encryption) keeps the data channel secure throughout the process.

Fraud Prevention System

Frauds hinder the efficiency of a business and style a negative brand image between the involved financial bodies. Therefore, the payment gateway needs to be equipped with tools to keep fraudsters and scammers away from the website or application.

eMerchantPro uses AVS, CVV Checker, Device ID, Geolocation Tracking and Fraud Scoring as the primary FPS tools. The payment gateway carries out a thorough checking from the most initial payment processing step to keep the security high and fraudulent activities away.

Chargeback Protection

Chargebacks, on the other hand, are more complicated than frauds. Therefore, a merchant needs to handle those sophisticated requirements with care. There are two aspects to the chargebacks that can help a business to avoid or rather manage them.

1. A merchant’s solution is to provide refunds and customer support. It will undoubtedly allow the consumers to reach your business before issuing a chargeback.
2. A merchant can get a payment gateway with a chargeback protection system. eMerchantPro covers the total cost of the chargeback and ensures smooth payment processing.

Both of these serve the purpose but getting chargeback protection from the payment service provider will ensure a better surety to all the payments.

Integration Flexibility

A payment gateway’s integration to a website or mobile application helps a business transition into digital payments seamlessly. Therefore, a merchant might seek API, HPP, mobile SDK, or shopping cart plugins. With an experienced IT person, the payment gateway can be integrated into the website or the application.

Moreover, it is the expertise of the payment service provider the integration takes minimal time and increases the productivity of a merchant’s business instantaneously.

White-Label Solutions

Lastly, the white-label solution is an enormous advantage to the merchant to get a better brand image picking up a better outlook of the payment gateway as an extension to the website or mile application. The White-Label Solutions allow a merchant to change the looks of the payment gateway according to their needs and fancies.

A merchant can change the brand name, logo, font, colour or even the UI to match their business. It provides a clean and modern look to the payment gateway and cohesively brings a better payment experience to the consumers.

Changing the scenario of worldwide digital transactions

With all these features for payment processing, a payment gateway provides high security and eases the payment management process. Pushing into the digital marketplace to boast the goods and services needs a robust payment gateway that supports the payments.

eMerchantPro’s Payment Gateway has all the capable features with state-of-the-art solutions. Thus, the payment gateway knows how to handle whether the payments are rapid or of significant value.

In conclusion, a merchant needs to care about the consumers’ payment experience to get the best consumer retention. Being a consumer-centric merchant is the most significant possible support for a business. Because caring for the consumers will bring the best payment practices to the forefront.

Payment Gateways - Which is the best payment gateway for high-risk businesses?

 

High-risk businesses include those that sell high-priced goods or services, as well as those that must adhere to federal and state laws and regulations. These are some of the industries that acquiring banks or processors perceive to be high-risk businesses.

The majority of processors avoid high-risk enterprises in general. Reputational risk, large chargebacks, and a big monthly sales volume are the reasons. As a result, obtaining merchant services for businesses in high-risk industries might be difficult. However, obtaining a high-risk payment gateway in the United States is not much difficult.

Everything is smooth and straightforward as long as eMerchantPro is there to assist firms in obtaining high-risk merchant services. We are working with processors from the United States, the European Union, and other nations to assist merchants from all over the world.

eMerchantPro is your one-stop-shop for all of your Merchant Services requirements. We can assist merchants with Merchant Accounts, Credit Card Processing , High-Risk Merchant Accounts , International Payment gateway and Offshore Payment gateway in complete United States. Our services are not limited; we can assist you with a wide range of issues.

How does a High-Risk payment gateway work?

A High-Risk payment gateway's principal function is to provide a safe, integral link between a website and a bank. When a consumer inputs payment information on a website, the high-risk payment gateway accepts it and sends it to the bank for approval.

The bank accepts this and responds with a decision – usually accepted or refused. The high-risk payment gateway then sends this information to the web server. Following the completion of this process, the customer will get the opportunity to examine the relevant message, whether it is a success or a failure.

Top 5 Payment Gateways for High-Risk Business in the US

eMerchantPro

The eMerchantPro is one of the fastest-growing names in the US market which offers superlative payment services especially e-commerce payment gateway. eMerchantPro specializes in placing high-risk businesses. It also works with a network of third-party processors and acquiring banks to get you accepted. To find out what the organization can provide you, you'll need to get a pricing quote from them, although merchant feedback shows that their fees and rates are pretty affordable.

With cutting-edge technology and an extensive bank network, eMerchantPro features a wide range of services. They provide services such as real-time payment processing. In addition, they facilitate PCI compliance, 3D secure, recurring billing, enhanced fraud protection, and seamless integration.

Ideal for

• Both small as well as large service-based industries.
• Award-winning chargeback & fraud control.
• PCI compliance
• Seamless integration
• Multi-currency checkout with e-commerce payment gateway
• Approval rating 99%
• Automated recurring invoicing
• Responsive customer support

Authorize.Net

Authorize.net is a prominent payment gateway in the United States. It is suitable for small enterprises. Their payment gateway only solution is one of the cheapest payment gateways in the United States if you already have a merchant bank account. Authorize.net, which was founded in 1996, boasts a top-notch infrastructure and strong fraud protection features.

Authorize.net accepts all major credit cards from around the world, making it one of the finest payment gateways in the United States. It includes an account updater and an electronic check processor, making payment processing more convenient and adaptable. It is also widely used in nations such as the United Kingdom, Canada, Europe, and Australia.

Ideal for

• Accept all major cards
• Advanced Fraud Protection System
• Account Updater & e-check processing
• 24/7 Support Available
• Recurring Billing

2Checkout

2Checkout, or 2CO, is another major payment gateway in the United States that was recently bought by VeriFone. VeriFone is a leader in commerce and payment solutions around the world. Both 2CO and VeriFone have the same goal in mind: to deliver simple and modern commerce solutions as well as to make payments as simple as possible. Both companies will benefit from the acquisition in terms of financial strength, scalability, relationships, resources, and market potential.

2CO's payment gateway accepts payments from more than 200 countries and territories. It offers 45+ online and offline payment methods, depending on the plan you choose. 2checkOut can process payments in 100 currencies, in addition to supporting 29 languages.

Ideal for

• Accepts Payments from 200 Countries/Territories
• 30+ multi-language support
• Support 100+ currencies for payment processing
• Offers 45+ online/offline payment alternatives
• Advanced Fraud protection and Management

Paykings

PayKings specializes in providing payment services to high-risk merchants as a PSP registered in St. Petersburg. PayKings provides superior high-risk merchant services, allowing users with accounts to conveniently track single transactions or batch totals. Adult, vape & e-cigarettes, dating, guns, nutraceuticals, debt collection, and other businesses are all supported by PayKings.

Ideal for

• Fraud protection
• Flexible payment terminals
• Manage business spend
• Guarantee to top compliance standards
• Support subscription businesses and
• Approval rating up to 95%

PaySimple 

PaySimple is a SaaS-based platform that specializes in payment solutions for Omni-channel enterprises. It's ideal for businesses that wish to collect payments both online and in-store. They also accept all major credit cards and e-checks.

It can also maintain client profiles and automate invoicing with recurring billing.

Ideal for

• Perfect for small service-based Enterprises
• Simple to set up and activate
• Good Customer Service
• E-check processing & payment
• No termination fees

How to apply for a High-Risk Payment Gateway?

An application for a High-RiskPayment Gateway is applied for in the same way as a basic processing account. A completed application, including supporting documentation, is sent.

The underwriter will examine all of the information provided in the application file to determine:

1. Volumes of processing
2. Management experience
3. Average and high ticket volumes
4. The fulfillment information includes shipping and returns policies.
5. Bank statements to make sure you have adequate capital to handle any potential liabilities, such as fraud or chargebacks.
6. The personal credit of Signer is excellent. Consider adding a co-signer with excellent credit to your application if your personal credit is poor.

Depending on your industry and target markets, international high-risk payment gateways may be a good option for you. In comparison to US bank acquirers, many international acquiring banks have more lenient underwriting criteria and greater tolerance for particular businesses.

However, with eMerchantPro you can instantly get High-Risk Payment Gateways for your High-Risk businesses. We have long-standing, trusted partnerships with acquiring banks in the United States and abroad. Your account advisor is knowledgeable in acquiring banks. He will also point you on the proper path if you need it.

Conclusion:

For high-risk merchants, credit card processing can be difficult. The list of five reputable payment service providers, on the other hand, makes their lives easy.

To begin, choose a provider who meets your demands and has experience in your sector. Make certain that the pricing is reasonable (for example, eMerchantPro offers a transparent fee structure).

Second, keep in mind that preventing fraud and chargebacks is your main concern. As a result, the PSP will need to come up with a remedy. eMerchantPro, for example, has its own reliable fraud and chargeback protection software. As a result, all questionable activity has been brought under control. Most significantly, the third party will not be held liable.

Third, the PSP must have an international presence in order to assist you to reach a larger audience. It should also provide as many payment options as feasible. eMerchantPro distinguishes itself from other PSPs by offering a diverse range of traditional and alternative payment options, as well as global coverage.

It's finally time to hear from you! For further information, please contact us.

High-Risk Merchant Account Instant Approval Offers security to all merchants

 

Enhance your industry with a High-Risk Account

If you are a merchant, you can look for way-outs to protect your deals without any hamper. With the advanced services, you can connect to several clients in one go and thus enhance your deals. With a secure way-out, you can maintain all your transactions. You can look for a High-Risk Merchant Account Instant Approval for your industry if you are looking for solutions. There is an enhancement in deals as you move your industry ahead in transactions.

Aspects of High-Risk Account

If you are a businessman, the prime concern is to develop your transactions. It includes several solutions such as

Prompt solutions through credit cards

As a merchant, you can look for speedy solutions through credit card processing. As a merchant, you can look for solutions with the branded cards available for your industry. With cards such as Visa, MasterCard, you can look for an awesome business without a hinder. You can try clients both on a national and international level. You can secure your deals with advanced solutions without any problem. Thus, you can process your pay-outs at any moment and from any place.

Diverse currencies offering secure business

If you are a merchant, you can secure your deals with diverse currency options. With international currencies, you can look for the UK Pound, the USA Dollar and many more for enhancing the payment process. With international currencies, you can look for a secure solution to enhance your payment processes. Thus with different currency options, you can maintain all your transactions without a hassle.

High-risk gateways a secure solution

If you are a dealer in high-risk business you can look for way-out for security. With Non-3Ds and 3Ds, you can look for secure deals without any delay. You can avoid chargebacks and scams with this process. With high-risk solutions, you can safeguard the transactions. You can look for a secure way-out while you maintain all your dealings.

PCI-DSS way-out for all industries

The superlative way to maximize the safety of cardholder statistics is to unceasingly monitor and apply the use of reins stated in the PCI Data Security Standard. Numerous organizations treat the agreement as a one-time, yearly event. But merely focusing on a yearly compliance valuation can make an untrue sense of safety.

International account offer you grand solution

If you are a merchant, you can look for a global account for maintaining your transactions. You can maintain all your transactions with this procedure. You can secure your deals while applying online and the expert squad will contact you with solutions. They will also inquire your documents for verification. Once the verification is completed, the experts will send it to the acquiring bank for ultimate approval. Thus, you can maintain all your transactions with this process. The international account is suitable for merchants to excel in their deals and generally useful for a high-risk business.Thus, you can maintain all your pay-outs instantly if you are looking for secure way-outs with a High-Risk Merchant Account. There is no end to your transactions as you get connected to experts.

Know everything about High-Risk Payment Gateway

High-Risk Payment Gateway has long been a valuable tool for high-risk businesses looking to turn their services into profits. Without payment gateways transactions to others are not possible.

Payment Gateway is a true innovation that has radically changed the way people do business. Payments to foreign nations are now possible in a matter of minutes. The money is transferred easily with a few clicks over the internet.

Merchants use High-Risk Payment Gateways to receive payments for their sales. And this method of doing business has benefited the customer because they can acquire any service as soon as they pay for it.

What is High-Risk Payment Gateway?

 

Payment Gateway is the key technology between the banks, merchant and consumers. It is responsible for processing customer payments to retailers. They are the conduits for payment information from web portals to processors, who use it to make payments to merchant accounts.

 

It is a complex technology that involves various payment methods like credit cards, debit cards, e-wallets, crypto-currency, e-cash, etc using card networks for making payments.

 

Payment Gateways are linked to Merchant Accounts. A Merchant Account is a place where all payments of merchants business is managed.

High-Risk Payment Gateways are payment gateways designed for high-risk organizations. High-Risk businesses are ones that are more likely to suffer financial losses.

 

How does High-Risk Payment Gateway function?

 

Payment gateways begin the process when a customer enters payment information using one of the methods listed above. The information is carried in the form of a digital order and sent to the payment processor.

Now, the Payment Processor, which is also a merchant acquirer, talks with the customer's banks using payment data collected from servers. The banks of the consumers cross-examine details such as card numbers, name on the card, expiration date, CVV, available balance, and so on.

If the information given is correct and account is having funds the amount is debited. It is then sent to merchant account. After this payment receipts are generated and sent to merchant and customer.

 

Similarly if the payment fails the information is sent back of payment failure. This happens primarily due to a lack of finances, server difficulties, incorrect card information, and so on.

 

What is 3D, Non-3D and Alternate Payment Methods in High-Risk Payment Gateway?

 

Security has long been a top priority for both retailers and banks. There is a lot of unlawful infiltration of payment gateways by hackers and others who utilize them for their own gain.

 

Countries such as the United States are constantly attempting to improve users' experiences with money thefts. With the time and requirement new payment technologies keep coming providing more safety and security.

 

3D Payment Gateway: In this technology, the users have to enter MPIN, OTP, Thumb Impression, Passwords, before each transaction. Payments will not be processed unless this is done. The transactions will be declined if wrong details are entered.

 

As far as user security is concerned, this is a decent alternative. It exclusively accepts credit and debit card payments.

 

Non 3D Payment Gateway: From High-Risk Merchants, this is the most favored and given payment option. Before processing payments, no prior authentication is required. Payments can be made simply by entering the customer's information into the gateway. Payments can be made using credit and debit cards in this technology.

 

Alternate Payment Methods (APM):  This allows you to make payments using methods other than credit and debit cards. APMs cover e-wallets, UPI, crypto-currency, mobile banking, internet banking, e-cash, and other payment methods.

 

How to get High-Risk Payment Gateway?

High-Risk Payment Gateways are required for merchants who operate high-risk businesses. Merchants frequently approach banks or payment service providers in order to obtain payment services.

 

However, not all banks offer payment services, and not all banks assess all high-risk companies. This is due to the inherent risk. The losses in these enterprises are substantial and difficult to manage, and some banks may see serving merchants like Adult Entertainment and Adult Toys as a risk to their reputation.

 

When it comes to providing payment services, acquirers are picky. They may be able to verify the merchant's ability to manage a high-risk business. Payment Gateways are allotted to merchants who are having previous experience and are financially capable. Merchants with erratic financial stability, on the other hand, are frequently denied since no bank wants to risk losing money with them.

 

Who can get High-Risk Payment Gateways?

Merchants running a high-risk business shall get High-Risk Payment Gateway in order to accept payments from customers. Businesses that are regarded as of High-Risk are:

1.    Forex Trading Business.

2.    Tobacco Business.

3.    Adult Toys Business

4.    Adult Entertainment Business

5.    Gambling Business

6.    Online Casino Business

7.    Online Gaming Business

8.    Escort Business

9.    E-commerce Business, etc.

Merchants seek Acquirers or third-party Payment Service Providers for High-Risk Payment Gateways in order to provide payment services to their customers.

It doesn't take long to integrate this into the platform. To use payment services, you only need an API code.

Conclusion:

For High-Risk merchants to receive payments, a High-Risk Payment Gateway is essential. Payment Services are not easy to come by, but once they do, businesses grow. Having the correct connection with a reputable payment service provider may help retailers not only increase sales but also reap significant benefits.