In our perpetual mission to offer the best merchant account solutions for high risk businesses, Instabill has recently partnered with a domestic bank for both domestic and international payments solutions.
Finding the best payment schemes for high risk e-commerce businesses is taxing and time consuming — anything but easy. In fact, we’ll go as far to say that it’s more difficult than it was five years ago, even three years ago. Thus, we’ve taken it upon ourselves to find the acquiring banking partners that embrace high risk businesses. Banks that welcome high risk merchants are out there, and we’re consistently finding them.
So what’s so great about this solution?
From domestic and international solutions, e-commerce and point-of-sale options and diverse high risk industries, our new merchant account solution comes with many benefits.
Merchant account solutions for high risk industries
Our new domestic banking partnership has solutions for a number of high risk industries that must be U.S. owned and registered. We are open to accepting applications for high risk businesses on a case-by-case basis such as:
- Adult and Emotional Content: Required 3-6 months of payment processing statements with company name showing chargebacks, refunds, returns and total sales.
- Collection agencies: Must have 2 years business history and submit taxes as proof of processing at least $75,000 per year.
- Credit Repair: Minimum 3-4 months of clean processing history.
- Negative Option Marketing: Any negative option marketing schemes are prohibited from including free trials.
- Nutraceuticals: Nutraceutical merchants can do only straight sales (no free trials) with 3-4 months of payment processing history.
- Tobacco and tobacco paraphernalia: Tobacco and tobacco paraphernalia merchant websites must not have any references or links to marijuana, or marijuana-related websites or directories.
- Tech Support: Minimum 3-4 months of clean payment processing history.
With all high risk industries, particularly credit repair, multilevel and negative option marketing, tech support and CBD oil, we recommend an initial consult by phone or Skype with one of our merchant account experts to discuss options and possibilities. After a few questions about your business, we can give a fair and accurate assessment.
Cash discount program for POS merchants
Though known for its many solutions for e-commerce merchants, Instabill provides retail merchant account solutions too.
Through our new acquiring banking partner, we can offer a unique program which enables merchants to pass off the credit card processing fees to the customer, thus significantly reducing merchant processing costs.
The program, powered by a patented technology, is designed to drive customers to pay with credit cards or cash. While a small ‘service’ charge is applied to all transactions, the discount automatically applies to the merchants when the customer pays with cash or credit (not debit).
Attention startups: Cash advance programs to get started
We’re a big fan of startup businesses and always have been. Many come to us for merchant account solutions, and we do our best to get them approved through our acquiring banking partners and quickly processing transactions.
Now we can do more.
Through this new acquirer partner, Instabill can offer merchant cash advance programs and products to fund new businesses to help them find their feet, get processing and stay processing.
Merchant account solutions with a business relationship
Merchant account solutions from Instabill include live, one-on-one support with our expert merchant account managers for the life of your business relationship. Our merchant account staff can be reached directly at 1-800 530-2444 Monday through Friday, 8 a.m. until 6 p.m. U.S. eastern time.
