4 Features to look for in a High-Risk Payment Gateway
Here, the thing is that there are several things to talk about a high-risk payment gateway. We present you with the est four that offers precise solutions for your business.
The topic is a High-risk payment gateway, the narrator is eMerchantPro, and the audience is high-risk merchants.
So, first of all, we would like to introduce you to the high-risk payment gateway.
HIGH-RISK PAYMENT GATEWAY
A high-risk payment gateway is dedicated payment processing software. It will facilitate the high-risk merchant during the collection of online payments. What’s the biggest deal here? That is, this payment gateway is specially offered to high-risk merchants.
High-risk merchants use it to run their online business smoothly. The problem with high-risk businesses is that they attract many financial risks, which financial institutions want to avoid as much as possible. Hence, these institutions mostly avoid getting into financial terms with such businesses. And they also don’t even provide merchant services to such merchants.
However, many other sources can provide those merchants with merchant services with ease. But for them as well, merchants have to be prepared for the conditions imposed on them by such sources.
Whom are we talking about? We’re talking about PSPs. PSPs are groups of expert people. They handle the risk factors and try to reduce the losses for merchants. Individually a merchant can’t handle such situations that easily. But, with the help of a PSP, they can fight with any drastic situation.
Before getting into the best 4 features of this gateway, we should talk about what you should look for in a PSP before acquiring a gateway from them.
SIGNS THAT A PSP IS RELIABLE FOR SUCH SERVICES
Space for growth
With a reliable PSP, merchants would get the freedom of expressing thoughts. In the future, even if merchants want to expand their business and want more resources, they can demand them. It means that with a reliable PSP, a merchant will have a space for growth.
Reliable Partner Acquirer
A reliable PSP should have the backing of a trusted partner acquirer. That will never leave the PSP in an awkward situation. By odd, we mean a situation where the consumer doesn’t respond to the problem caused by the acquirer’s incorporation.
Secure Network
They should be reliable in matters of security. Suppose they can provide security to both parties; they are completely credible from the point of view of a responsible merchant. The parties mentioned here are merchants and consumers.
Global Reach
They must know how to get the global population’s attention towards merchant’s products. Also, it should have such services that can provide convenience to global consumers. If you’re looking for an individual that has all these properties in it, then we’ll say it is “eMerchantPro”.
eMerchantPro
Yes, you heard that right; eMerchantPro is capable of all of the above. And some of the types of services we can provide you are:-
(a) Merchant assistance
eMerchantPro provides complete support to merchants so that they don’t have to wait too long for anything. Any query of merchants will be clarified by eMerchantPro in no time. Our experts will explain everything about our services to the merchants. So, they’ll never have any unresolved doubts.
(b) Chargeback Protection
You must have heard of fake claims and may have faced them by yourself many times. So this time, the whole scenario will be changing for you. We’ll check the product’s condition according to the claim. If it doesn’t match those conditions written in the T&C of products, the claim will be rejected after getting the proof of false claim from merchants.
Otherwise, if the claim has proven to be right, the amount will be transferred to the claimant’s account in the chargeback period stated by banks.
© 24x7 Consumer Support
See, we’re not here for only supporting merchants. We do care about their consumer’s convenience too. Why don’t we? It is the main motive of merchants, too, right? That’s why they contact the PSP to solve their issues as soon as possible.
If we get any complaints from consumers, we will consider them and try to solve them ASAP. So the consumers won’t hassle them for too long too.
(d) PCI DSS Secure
The best part about a reliable PSP is its security standards. With us, merchants won’t have to worry about their security. We have PCI DSS level 1 certification. And our team follows the rules and regulations to protect the consumers. Now, consumers will have the convenience of a safe shopping environment.
NOW THE BEST OF 4 FEATURES
APM (Alternative Payment Modes)
Like every other consumer, your customers would also like to pay in other ways. Our payment gateway helps merchants to accept payments in several ways. Those could be — e-Wallet, wire transfer, debit card, CC, and mobile payments. These options would let the consumers feel more comfortable paying for their shopping.
Fraud Prevention
The payer is usually not the card owner from whom the payment has been made. The payment gateway runs many fraud prevention tools to check the real identity of the payer with the location.
If the payee details match the cardholder’s, the payment will be completed successfully. And if that’s not the case, the immediate action will be the stopping of payment. Now, merchants won’t ever have to take stress on their shoulders about online frauds.
Bank Cascading
Have you ever made a payment that won’t proceed successfully? It happens with many consumers just because the PSP doesn’t support reliable acquiring partners. But this payment gateway has the support of several acquiring banks.
It means Bank Cascading will reduce issues like payment failure or errors in processing to an extent in the meantime. So, now the consumers will experience faster transactions with no issues.
Real-time Reporting System
Last but not least. Our payment gateway has the feature of a real-time reporting system. This system alerts the merchants for every transaction to maintain a systematic record of the transaction. Apart from this, merchants will also get alerts for every issue in payment processing. It will help merchants control the situation in time and reduce the chances of loss.
OVERVIEW
As we talked about many things in this whole content, we can say many things have been clear, right? Let’s revise what we have talked about. First, we got to know about a high-risk payment gateway. Second, we became aware of the signs of a reliable PSP that need to be considered when contracting a PSP for such a deal.
After that, we learned what eMerchantPro could provide merchants with their needs and growth. Finally, we came to know about the best 4 features that every merchant should look for in a high-risk payment gateway.
See, everyone can get a high-risk payment gateway. But from whom you’re getting such service does matter. If you liked the information and want to know more, please visit https://emerchantpro.com/.
