With the digital revolution, every traditional business is trying to move online! But do you know that setting up an online business and ensure that it runs smoothly, you require a merchant account and payment gateway solution?
If you are the one seeking to expand your business online across the borders then you definitely need a high-risk merchant account in the Philippines. Not only it will help you to expand your business but will allow you to have a simple, streamlined set-up process.
Few Examples of High-Risk Industry
- Pharmaceuticals, Herbal Products, Online Drug Providers
- Casinos, Gambling, or Gaming
- Adult Entertainment, Dating Services
- Subscription Services (Magazines, Collectibles, etc.)
- Credit Repair/Debt Reduction Counselling
Why High-Risk Merchant Account Is Essential?
Every online business needs a high-Risk Merchant account that is provided by banks. Through this account, merchants can easily have a user-friendly portal to process all their transactions. Below are some features of a High-Risk Merchant Account:
- Currency Exchange
- Security and provide fraud prevention
- Multiple Currency Options
- Fraud Transaction Control
High-Risk Merchant Account Services of Webpays permits the merchants to acknowledge online payments that prove to be extremely helpful for those merchants who deal with online products.
Documents required for High-Risk Merchant Account Application in the Philippines:
- Business Bank Account Under Company Name
- A fully functional live website
- The toll-free number of the Company
- Detailed & proper description of products
- Product pricing details
- SSL Certificate on your website
- Services and product offered details
- Shipping details
- A registered company with Govt. Body
If you are planning to set up an eCommerce business in the Philippines, it is imperative for you to create an user-friendly way for your customers that will allow them to pay for their purchase easily and conveniently. In doing so, Webpays will help your business throughout the process. Our team of experts will continue to assist you in the procedure of getting the best high – risk merchant account in the Philippines with complete assistance and solutions.
Our 24*7 team of experts strives to give you the best business solutions that would allow you to take your business to new heights and taking care of all your concerns and requirements of your business.
Read our another blog post: High-Risk Merchant Account Indonesia Offers safe deals to all industry owners