When your e-commerce business is your livelihood –for most merchants, it is – choosing among the best offshore high risk merchant account providers is pivotal decision with many points to consider, not the least of which is how an acquiring bank categorizes a merchant’s risk level. If yours is an e-commerce business, it will likely be deemed high risk (simply because online transactions are more prone to fraud and chargebacks). Contingent upon your industry type, you will need to find an offshore merchant account provider to enable your online business to accept credit card transactions.
We’ll approve high risk industries others will decline
Because we have partnerships with the best offshore high risk merchant account providers, Instabill can get payment processing for industries that are considered among the highest of risk. Offshore banks tend to be more liberal and tolerant of certain industries – online gambling, adult content and tech support, among others – than domestic banks for a number of reasons. For example:
- Online gambling is legal in many European and Caribbean countries, it is illegal in others, bringing forth legality issues.
- Adult content elicits reputational concerns with many domestic and offshore banks.
- Online tech support is an industry plagued by chargebacks.
Alas, offshore banks tend to be willing to absorb risk more so than domestic banks.
The Best Offshore High Risk Merchant Account Providers Offer Second Chances
No merchant wants to land on the TMF or the MATCH list. Ever. But it happens. And when it does, it is difficult to bounce back and return to the credit rating and financial standing you may have once had. The best high risk providers, however, know merchants who find themselves MATCH listed often deserve a second chance at payment processing. Such merchants need to realize that part of the process to returning to good financial/credit standing is paying a little more in merchant account fees and enduring more scrutiny from acquiring banks, payment processors and their underwriters. Acquiring banks and PSPs always feel a need to protect themselves. Always.
Recognized and vetted by the experts
Instabill received three honors in 2017, including a grade of ‘A’ by payment processing industry watchdog CardPaymentOptions.com, for excellent service among high risk merchant account providers. The honor marked the fourth in as many years from Card Payment Options. In addition, 2017 saw Instabill receive four out of five stars from Merchant Maverick, an independent reviewer, in early June; as well as status among the best high risk providers by CardPaymentOptions.com in January.
What is the high risk provider’s method of support?
Over the last three years, high risk merchants and providers have seen a number acquiring banks cease offering payment solutions for certain industries, such as online pharmaceuticals, credit repair and tech support. Thus, high risk merchants need a merchant account provider that is:
Accessible: Instabill offers a direct line to your personal merchant account manager: 1-800-530-2444. We keep it simple with direct contact Monday through Friday from 8 a.m. until 6 p.m. Inquiries after business hours will be addressed the next business day.
Long on experience: Instabill has been finding high risk merchant account solutions since 2001, right about the dawn of e-commerce. We pay attention to the industry, especially in recent years, and watch its trends and changes.
Has plenty of banking partners: Two years ago, we started receiving an abundance of phone calls from Canadian online pharmacies which had recently been shutdown by their banks. We were able to help a number of them since we had a several offshore acquiring banking partners which welcomed pharmacies and other high risk businesses.
Speak one-on-one with one of our merchant account managers today and learn why Instabill is among the premier high risk merchant account providers worldwide.