iPayTotal focuses primarily on both online gaming a merchant account and internet based gaming payment gateways and will be offering the best gaming merchant account on the market. iPayTotal’s team of experts in internet gambling payment processors always work with with providers to ensure that you can acquire the great for your company needs.Via dedicated gaming acquiring partners, you can expect you all that you should accept gaming card payments and spend winnings easily and securely. Our feature rich dedicated gaming solutions are fully flexible and have been developed to deliver value and growth to your business.
Merchant card account is often a contract between a business plus a bank or even a traditional bank. This contract makes sure that the bank accepts payments for your services or products with respect to the business. These Merchant acquiring banks means that a merchant or company can accept payment from international customers to the products or services they deliver. Thus a merchant account form part of the E-commerce business.
There’s 2 varieties of merchant credit card accounts. First will be the normal account, where the merchant can directly connect to the card and ensure that it is a legitimate customer, thereby the danger involved is minimal. The next kind of merchant card account necessitates the accounts where it isn’t very easy to visually testify the client. These kinds of accounts include adult entertainment merchants, online tobacco merchants, replica merchants, online gambling merchants, pre-paid calling merchants, VOIP merchants, network marketing merchants, or any transaction that can 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 ends up in classifying these types of accounts as “high risk” ones. Naturally, extremely high risk merchant accounts present the potential risk of the dreaded charge backs for that banks under consideration. It’s been proved by various researches why these high-risk processing transactions will be more susceptible to fraudulent transactions.
These factors considerably reduce the number of banks willing to take up elevated risk processing accounts. These adversely get a new applying company in making payment processing accounts. They generally come across a situation where the banks generally decline their application, or impose high restrictions about the account transactions which virtually helps it be impossible to conduct normal business. Even when a merchant has produced a payment processing account which has a bank, he can do not be sure that the connection using the bank remains safe and secure. The bank might revise their underwriting criteria anytime, and suddenly merchants are facing a situation where the payment processes adversely affect their business.
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