iPayTotal concentrates on both on the internet merchant services and internet-based gaming payment gateways and provides the best gaming credit card merchant account in the market. iPayTotal’s group of experts in internet gambling payment processors cooperate with providers to ensure that you can acquire the best for your company needs.Via dedicated gaming acquiring partners, our company offers you all that you should accept gaming card payments and pay out winnings easily and securely. Our feature rich dedicated gaming solutions are fully flexible and still have been developed to deliver value and growth for your business.
Credit card merchant account can be a contract between a business as well as a bank or even a lender. This contract makes sure that the lending company accepts payments to the products with respect to the business enterprise. These Merchant acquiring banks makes sure that a merchant or company can accept payment from international customers for that products or services they deliver. Thus merchant credit card accounts form part of the E-commerce business.
There’s 2 varieties of merchant services. First is the normal account, the place that the merchant can directly access the card and make sure that it’s a legitimate customer, thereby the danger involved is minimal. The second type of merchant account necessitates the accounts where it’s not easy to visually testify the consumer. These types of accounts include adult entertainment 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 with all the customer physically not present. Thereby, the opportunity of fraud activity is really a lot greater using this type of business which results in classifying these types of accounts as “high risk” ones. Naturally, these high risk merchant credit card accounts present the potential risk of the dreaded charge backs to the banks in question. It has been proved by various researches these high risk processing transactions will be more vulnerable to fraudulent transactions.
These factors considerably lessen the number of banks willing to take up these high risk processing accounts. These adversely affect the applying company in making payment processing accounts. They often discover a situation the location where the banks generally decline their application, or impose high restrictions around the account transactions which virtually causes it to be impossible to conduct normal business. Even when a merchant has built a repayment processing account which has a bank, they can don’t be certain the relationship with all the bank is secure. The bank might revise their underwriting criteria anytime, and suddenly merchants are facing a predicament in which the payment processes adversely affect their business.
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