iPayTotal focuses on both on the web merchant credit card accounts and internet based gaming payment gateways and offers the top gaming processing account in the market. iPayTotal’s group of experts in online gambling payment processors work closely with providers to make sure you can acquire the ideal for your organization needs.Via dedicated gaming acquiring partners, our company offers you everything you need to accept gaming card payments and fork out winnings easily and securely. Our feature rich dedicated gaming solutions are fully flexible and still have been designed to deliver value and growth to your business.
Processing account is really a contract between a business as well as a bank or perhaps a financial institution. This contract means that the bank accepts payments for your services or products on the part of the business enterprise. These Merchant acquiring banks makes sure that a merchant or company can accept payment from international customers to the goods and services they deliver. Thus merchant credit card accounts form a vital part associated with a E-commerce business.
There’s two forms of merchant services. First may be the normal account, where the merchant can directly connect to the card and make certain that it is a legitimate customer, thereby the danger involved is minimal. The 2nd form of merchant card account requires the accounts where it’s not easy to visually testify the client. These kind of accounts include porn merchants, online tobacco merchants, replica merchants, online gambling merchants, pre-paid calling merchants, VOIP merchants, multi-level marketing merchants, or any transaction which takes place using the customer physically not present. Thereby, the possibility of fraud activity is really a lot greater with this type of business which leads to classifying these types of accounts as “high risk” ones. Naturally, these high risk merchant credit card accounts present the risk of the dreaded charge backs for your banks showcased. It is often proved by various researches that these high-risk processing transactions will be more susceptible to fraudulent transactions.
These factors considerably lessen the amount of banks prepared to occupy extremely high risk processing accounts. These adversely impact the applying company in setting up payment processing accounts. They generally discover a situation the place that the banks generally decline their application, or impose high restrictions around the account transactions which virtually helps it be impossible to conduct normal business. Even though a merchant has built a repayment processing account which has a bank, the guy can do not be sure their bond using the bank is secure. The lender might revise their underwriting criteria anytime, and suddenly merchants are facing a situation in which the payment processes adversely affect their business.
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