“Average of 33% of companies in a… survey accepts card-not-present (CNP) payments via contactless payment apps… 19% accept cryptocurrency, and 86% offer subscription-based or recurring billing.” (Kount.com) high risk payment gateway
Payment Processing has become a necessity of modern commerce. That includes the High-Risk Businesses around the globe. However, the payment service providers pull off their services due to the high-risk factor.
The High-Risk Payment Gateway empowers your business in online transactions. Furthermore, the payment gateway is the one that interacts with the consumers. The base-level experience initiates a better payment experience and overall consumer retention.
Multi-Currencies for International Payments
To start with international reach, accepting multiple currencies is quite crucial. Thus, while searching for a High-Risk Payment Gateway Provider, check for the currencies they support. Digital payments cannot be limited to a standard currency because they will hamper the payment experience.
Thus, accepting a variety of currencies establishes a brand image. The brand image settles the reputation for ease of online payments. A company that thinks for the consumers will have loyal consumers who watch out for them. Thus, offering convenience for the payments will enhance the company.
As for Consumer Retention, the multiple-currency support needs an add-on feature of multiple modes of payment. Accepting currencies over a range of payment methods affirms your business in the eyes of the consumers. The major modes of payment that plays a vital role are:
1. Debit and Credit Card
2. Wire Transfer
6. ACH; etc
Moreover, these modes of payment combined with multiple currencies will allow your business to reach a better global audience.
Ensuring ease of payment is crucial for a High-Risk Payment Gateway. However, understanding the need for Real-Time Transactions is much more critical. It ensures that the payments processing witnesses no delay. Furthermore, it reduces the errors of funds and reports to the financial entities. Real-Time Transactions ensures payment processing accuracy.
In addition, analytics are critical for real-time payments in the financial services industry. It is an industry that faces massive amounts of data and is prone to latency and volatility. The need to discover complex patterns in real-time, correlate information, analyze it, and act on it immediately is critical.
Hence, a requirement for a Powerful Dashboard comes more vital with High-Risk Businesses working with high volumes and volatility. The conveyance of information holds extreme importance in the digital payment sector. Therefore, monitoring the transactions can be beneficial for a business.
Safe and Compliant
Once you know what to expect from a payment gateway, you can focus on how to choose your preferred payment gateway. You will easily find a traditional payment gateway that makes your shopping cart convenient. So let’s focus on security.
According to Experian, 27% of customers report abandoning a cart simply due to a lack of visible security.
Therefore, the High-Risk Payment Gateway needs proper compliance and security. The safety of revenue is on the line here. Thus, the solutions need precise solutions that work with the website to provide a seamless payment experience. eMerchantPro’s Payment Gateway is
PCI DSS Compliant
The compliance of the payment gateway is quite strict. Furthermore, it ensures the security of transactions and the deposition of funds. Thus, the payments are secure throughout the channel.
The authentication process of the payments is a crucial part of the payment gateway. Reaching the concerned card-issuing authority is vital for keeping the transactions safe. The 3D Secure authentication creates a dynamic layer of security over the processing. The security layers come with OTP that adds safety.
Point To Point Encryption is a passive feature that works in the backdrop to provide added security. The P2PE encrypts the channel for the secure transmission of payment information. Thus, it stops the breaches and keeps the funds safe from hackers. If a High-Risk Payment Gateway is P2PE, the payment gateway will protect the data conveniently.
Tokenization is a feature that keeps sensitive data safe. eMerchantPro’s Payment Gateway offers the Card on File feature that enables consumers to save their transaction information for future payments. However, keeping that card information on the payment gateway can be risky. Therefore, the Tokenization features convert the sensitive data into non-sensitive redundant data. Thus, none else can reach the information that easily.
Fraud Prevention Tools
Last but not least are the Fraud Prevention Tools. Fraud, Scams, and identity thefts are pretty common in high-risk businesses. Therefore, eMerchantPro offers Fraud Prevention Tools that provide advanced security against them. The tools such as Address Verification System, Card Verification Value Checker, Geolocation tracking, Fraud Scoring, and Multi-Factor Authentication. These are the tools that the merchant requires and the consumers’ needs.
The Features that Interact with Consumers
The features that interact with the consumer work to offer solutions directly for the payment processing. Multiple Features of the High-Risk Payment Gateway by eMerchantPro interacts with the Consumers. Some of the most profound ones of features of the payment gateway are:
Card On File
The card on file feature allows the consumers to save their transaction details on the payment gateway. It will reduce the time taken for further payments and streamline the payment process for the future. The Tokenization feature that we talked about in the initial parts works in compliance with this feature to provide a hassle-free payment experience.
The checkout experience plays another vital role in payment processing. Consumers complain that redirects make them get off of the website. In other words, the redirections are ridiculously annoying. Therefore, eMerchantPro Payment Gateway is a one-window checkout. It keeps you in one window for the complete payment process.
Multiple Payment Methods
As we mentioned before, the payment gateway needs various modes of payment. Thus, the High-Risk Payment Gateway has all the payment methods, allowing them to pay over the payment gateway seamlessly.
Multi-Lingual High-Risk Payment Gateway
The Payment Gateway supports multiple languages for a massive reach around the globe. Offering convenience to the consumers will add a major factor to a business. The factor of loyalty prevails with the convenience of payment. Therefore, eMerchantPro provides solutions for a better payment experience. It works for consumers and merchants equally.
Why eMerchantPro for your Business?
The Consumer Experience of Payments plays a vital role for a business. Furthermore, if a company thinks about the consumers, the consumers will think about the business. In those regards, eMerchantPro provides solutions compatible with your business and offers profound solutions. The features push multiple support to merchants and consumers.
Be it the consumer who gets tremendous support for the payments or the merchant who gets a precise solution for payment processing. The services that work profoundly with the website and the merchant account require an experienced PSP.
The Final Verdict
In Conclusion, the High-Risk Payment Gateway works pretty seamlessly to add a better payment experience. In other words, the solution you need is to accept online payments and offer the best consumer experience. With many companies focusing on how the consumer experience can change the business, Payments will soon become mainstream.
Thus, High-Risk Payment Gateway can do wonders for a High-Risk Business. It will change your business aspect and help you to accept payments online. Hence, eMerchantPro offers dedicated solutions for a business and provides profound support. We use a perfect mix of experience and technology to offer precise services.
Reach Us today to get the services of High-Risk Payment