Advantages that you get with High-Risk Merchant Payment Gateway solutions
Merchants can easily benefit with various features that service provider offers. Not only has it allowed the smartest transaction routing system but it accepts multiple types of currency. By allowing different types of currency, they can save time. Merchants no longer need to waste their time and effort in translating currency values.
For easy and convenient access and usage, POS also has a modern web portal interface and reports. Also, merchants have an application- programming interface that allows access to the gateway and report data. Having access to an API make sure that it will authenticate logins to gain access to the interface, providing more control over who has access to certain resources. Businesses can also customize them to meet their specific needs, including customizing transaction data. Additionally, merchants can easily export information to get a more thorough analysis. WebPays get you the best High-Risk Merchant Payment Gateway services that will allow you stabilize your payment transactions
Documents needed when applying for a high-risk payment gateway
Banks or financial institution may not provide you with the merchant account facility. Since they want to ensure that your business is not involved with any kind of illegal or unlawful activity. Hence they follow a comprehensive process to get to know your business closely; they will categorize your business under the low, high and middle-risk category. Then they will come up with the possible solution that is required to take your business to exponential heights. Certain documents are required to take you the merchant account solutions. Here is the list of some of the documents that are required to allow you to have merchant account solutions.
- A valid, government-issued ID, such as driver’s license or passport
- 3 months recent processor statement
- 3 months recent bank statement
- Director’s KYC profile
- Chargeback up to 2%
- 24*7 customer support
The service provider will provide you with the merchant account facility within 5 to 7 business days. WebPays gets you the efficient High-Risk Payment Gateway solutions that will help you take your business to exponential growth.
Read our another blog post : Tech Support Merchant Accounts