Running a Risky Biz? Here’s why you need a High Risk Payment Gateway

Operating a business is hard, especially if you are working in a "high risk" business according to banks and payment processors. You might own an online gaming, entertainment, supplements, dropshipping, foreign exchange trading, travel & ticketing, or another high risk business, and you may have run into barriers with payment processing. This is where high risk payment gateway comes in.

What is a High Risk Payment Gateway?

A high risk payment gateway is a digital resource that allows businesses classified as high risk to safely accept customer payments, especially online payments. High Risk payment gateways, unlike standard payment gateways, have been engineered to withstand more chargebacks, at a higher risk of fraud, and have better compliance capabilities. High risk gateways also have more advanced fraud detection features, offer multi-currency transactions, and even offer integration with international banking.

Why Traditional Gateways Fail.

It is common for banks and low-risk payment processors to avoid high risk industries. The main reason for this is the relative risk to their bank account or forecasted capital loss rather than anything to do with their consideration for your business. In other cases, it is just too much work for the processors. Even if you were able to open an account with a standard processor, it can be closed at any time if your chargeback ratio exceeds even 1%. You are sinking money into the business to keep it alive, only to lose the money to a chargeback. And, there is a serious risk that you will lose your reputation with your bank account and be humiliated in the process.

Why High Risk Gateway Helps.

An Arizona company specializes in issuing high risk gateways designed with businesses like yours in mind. Many aspects make high risk gateway a boon for you:

Accurate Chargeback Protection

A high-risk gateway comes with chargeback mitigation tools that can actually help you track the flow of suspicious transactions, dispute unreasonable chargebacks, and keep the chargeback ratio lower than normal operation.

Fraud Detection

High risk gateways come with fraud features and fraud filters, alerting you to real-time fraud alerts and secured encryption to protect your customers from identity theft and payment fraud.

Multi-Currency and Worldwide Processing

If you are doing business overseas, a high risk payment gateway accepts different payments and will accept multiple currencies, giving you the ability to create a better model for a worldwide customer base.

Higher Approval Rate

High risk gateways are supported by more compliance and funding sources than traditional processors, therefore guaranteeing that you will process more payments and improve the overall stability of your business.

Customizable and Scalable

The high risk gateways can be customized to suit your unique model, and they are scalable, meaning that no matter if you are a subscription service, eCommerce, or charging a fee for downloads, your gateway will scale with your model as you grow.

Do You Even Need A High Risk Payment Gateway?

If you have experienced multiple rejections by payment processors, an account freez,e or cancellations from a more traditional processor, and/or you have a high chargeback ratio, then that is a clear indicator that you need a high risk payment gateway. It is not just about taking payments for your products or services; it is about creating an infrastructure that supports your business and can withstand the ongoing pressures you will encounter.

High risk is not bad—it just means your business will require a more compliant and customized solution. Without the assurance of a reliable payment gateway, your operations will find themselves in continual disruption, legal problems, and potential catastrophic effects on your financial situation.

Why Choose Trinity Consultings?

Navigating the high risk payment processing industry can be difficult at the best of times, but one thing is certain when choosing Trinity Consultings - somewhere deep within their network of payment processors and acquirer banks lies the ability to get high risk businesses approved for payment gateways fast, with decades of high risk industry experience.

Trinity Consultings not only provides you with the best high risk payment gateway solutions for your specific business needs, but they will also provide continuing support and chargeback tools. They will ensure you have everything you need to process payments securely and with confidence, whether you are a start-up or simply conducting business within a regulated or unstable industry.

Final Thoughts

In today's economy, the right payment gateway is everything, especially if you are in the high risk industry. You will be putting yourself at risk by using an untenable payment gateway solution where your account could be frozen or payment processing could be delayed. High risk payment gateways offer the infrastructure, security, and flexibility required for your company to grow. Make sure you are working with experts like Trinity Consultings to make sure your business can grow and prosper even in the most challenging industries.