Getting a high risk merchant account in the UK can be very problematic. Sometimes because of the industry type, sometimes because of the personal or business credit score. If you are in a similar situation, we strongly recommend you not send your application everywhere rather we will suggest you send your application to the specific provider who has got enough risk appetite to onboard your type of merchant.
We work closely with different payment processing companies and we are proud to be the agents of these companies. As a merchant account reseller, we analyze every application and then send it to right payment processor this ensures the fast approval of the account and eliminate the unnecessary time taken in sending your application from one place to another. If your company registered in the UK and selling mid risk product or some high risk products then there is a huge possibility that a UK base acquirer may say Yes.
To get the application process, we will need a complete application form you that should include business information. Information about the owners, the line of business, the transaction information that should include the maximum ticket size, minimum ticket size, monthly sales volume and average chargeback ratio. Along with application form, we will also need the KYC or KYM documents. KYM means know your merchant documents.
Once we have this information we send it to the correct Credit Card processing company that will analyze data information and come back to us with the responses. If there are any discrepancies we will come back to you and request the same. Please be rest assured, we will not ask for any upfront payment. We do this because we trust our merchants and we believe that trust helps people to create a long term business association. For the USA, electronic check you need to follow the same process.
Merchants in the UK selling in the United States have achieved a lot of advantage by using ACH as an alternative payment processing solutions. We work closely with multiple ACH payment processing companies in the US and they need to look at your application. the underwriting process of a high risk merchant account is pretty much the same. We also need the same application form with the same KYC documents. Once your account is approved the processors will send you a merchant account agreement which will have all the terms and conditions.
We strongly recommend you to read all the terms and condition and after reading we recommend you to sign if you approve the terms. Once the process gets the agreement back they will help you with the login of your merchant account panel. Your tech can easily integrate the Gateway on your website.
You can also request payment by email, This is a very simple process where you put a pay now that into the email and once the customer clicks on that, the customer is routed to the payment page where the customer can put in the transactional information. For more information about how to get a high risk merchant account in UK, feel free to visit our website that is www.quadrapay.com and will be extremely happy to assist you further.
Comments
Post a Comment