High Risk Merchants
What is a high-risk merchant?These specialized merchant accounts are much in demand by companies such as online casinos, adult content sites, and even large stores like Wal-Mart. High-risk payment gateways are essential for any organizations whose business daily entails a high volume of transactions, or transactions that carry a risk of charge-back, cancellation, or non-authorization of payment. A High-risk merchant account has been offered for several years now, and a series of features have been developed to minimize the risk of non-payment in such circumstances. Please note we are a global payment processing gateway supporting USA, UK, EU, NZ, AU and All Countries / international payment processor solution.
Business Types Supported1. Real-time processing of payments
This simple precautionary measure is the defining feature of high-risk merchant accounts. Real-time payment processing is a means of recognizing credit card fraud. Instead of accepting payments and waiting for bank approval at a later date, real-time payment processing carries out transactions at the moment of purchase, in other words in real time. Real-time payment processing is an essential requirement for all ecommerce companies and retailers. We also offer advanced recurring billing, electronic invoicing and fraud screening.
2. Active Management and Account Customization
Standard merchant accounts offer you very little flexibility in managing your account, with predefined minimum amounts and limited methods of payment. High-risk merchant accounts, on the other hand, should offer features that make it considerably easier to control cash flow by allowing you to actively manage your account, including options to change payment schedules and manage your liquid assets.
3. Settling in Multiple currencies
All merchants have to cater to multiple transactions from overseas, the internet has made it possible for a Brazilian to order goods from the states and vice a versa. Any good high risk merchant you choose should and must cater to transactions in multiple currencies, and the option of finally settling outstanding dues in a currency of your choice. If you are a UK based dealer and you are receiving payments in dollars, a high risk provider should allow you the facility of cashing in your payments in pounds, where as levying very little transaction and conversion fees.
4. Fraud scrubbing
Fraud scrubbing refers to a complex and highly technical system of risk assessment that is used to predict the authenticity and reliability of transactions by checking them against a range of parameters. It protects users of high-risk merchant accounts from fraudulent transactions through statistical analysis, and factors in the value of transactions, so that large value transactions are given greater protection. Transaction fraud scrubbing is a points system that uses a host of different parameters to assess the risk of fraud in each card transaction, including the card's country of issue, previous transaction history, etc. This state-of-the-art technology, which is constantly being refined to offer greater protection to high-risk merchant accounts, accepts or declines transactions based on the risks involved, thus providing defenses against fraud from the very first step, transaction authorization. To ensure increased security against credit card fraud, transaction fraud scrubbing attempts to carry out transactions in real time.
PBS offers a comprehensive array of payment processing services. Merchants who accept a variety of payments types – including credit cards, ATM/debit cards and checks -- enjoy greater sales than those who do not. Accepting multiple payment options encourages buying, stimulates impulse purchases, and helps grow your business. Non-cash purchase payments are an important option for both traditional and Internet businesses.
In order to support your business, PBS takes a unique approach to credit card payments, focusing on real-time processing, cardholder security and online fraud prevention. Through this approach, PBS successfully reduces the occurrence of chargebacks, safeguarding your business, and strengthening your relationship with credit card providers.