High-Risk Merchant Accounts in Europe for Online Business

We have solutions for top merchant accounts in top banks in Europe and China!

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There are a number of reasons a merchant provider may consider your business to be high risk, for example your industry may be known for having a high percentage of chargebacks, or fraud or a bad credit rating.

Another potential reason you would be considered high risk is if you have an offshore business, placing you in the high risk category with many other online businesses.

If you consider your business to be high risk and you wish to offer your customers the option of online payments using a credit card, then yes, you will require a high risk merchant account.

It’s very rare to find a business owner these days who does not have the need to process credit cards online as it has become such an essential part of running a business. However the issue lies in attaining the approval for the account, particularly if the business is considered to be high risk.

If you own a business in today’s day and age, no matter what it is you sell, you need to be able to accept credit card payments from your customers and in order to do so, you need a merchant account. You may have very well checked the sustainability of your business, have the funding needed to operate a successful business, have proven to be stable, you may have even been in business for a while, and yet, a merchant account provider will still deny you.
Why? Because no matter how stable your business is, the industry in which you operate may be considered high-risk. There are a lot of factors that play a role in determining why a business is high risk, but if your business is included in a high risk category, most merchant account providers will shy away. In recent years, this trend is further exacerbated with the proliferation of online businesses that are harder to regulate.

The reputation of an industry stems from the overall image of the industry and the way business is generally conducted within that particular industry. For example, most online businesses are considered to be high risk since they are exposed to high traffic, clientele from all over the world as well as theft of consumer data. When a business offers the option of online payments, there is always the risk of hackers attaining credit card information, something that account providers need to take into consideration.

The general reputation of an industry is also taken into consideration, while some industries may seem obvious to be high risk, one may be surprised by certain other industries which also fall into the category of high risk, such as selling vitamins as well as other health products.

GBO offers assistance with finding and locating high-risk payment solutions for online activities in major business fields, contact us and we will be happy to assist you with all your needs including assistance with finding payment processing consultants. In order to save time and money on processing and transaction fees, it is vital that the high-risk merchant accounts be set up in an orderly manner. By accepting the purchase card at the lowest cost, it paves the path for maximum profitability.

With GBO you can find assistance with finding payment solutions for business-to-business (B2B) in Europe as well as enterprise-level that will help businesses manage their complex credit card processing needs. Our offshore merchant account services are offered to low-risk as well as high-risk companies.

GBO provides assistance with finding corporate solutions for high risk merchant accounts in Europe that include a wide range of industries such as e-commerce, forex, online lottery, gaming, bingo, casinos, travel and more. Each account is customized to suit your business needs.

When you own an online business being able to accept credit card payments is a must. However this can be a challenge to arrange if you are a business is either new and doesn’t have any processing history, has a negative processing history such as a high chargeback rate, or operates in an industry categorized by merchant account service providers as “high-risk”. Opening an offshore merchant account is one way in which your business can begin accepting credit card payments from clients. Another way is by establishing an aggregate merchant account. Merchant accounts can be either dedicated, in which case the account is dedicated to processing payments received by your business alone, or aggregated, in which case an entire portfolio of companies process payments through this one merchant account, such as PayPal.
In essence, an aggregate merchant account is an account in which the credit card processing company opens one merchant account for several businesses to share. Because the pool of businesses in these aggregate merchant accounts is comprised of both high risk and low risk businesses, the overall risk, chargeback rates and refund levels balance out, making it a deal with acceptable risk for banks.
The process to open up an aggregate merchant account offshore is much less rigorous than that of a dedicated merchant account and the approval process can usually be done within minutes. However, some of the detriments of an aggregate merchant account is that it does not abide by any industry standards in terms of fund disbursement and that you are not able to negotiate rates.

Understanding an Aggregate High Risk Merchant Account

GBO offers assistance with finding Merchant Services and solutions for merchants having trouble finding a credit card processing service. Merchants with high risk businesses; a history of chargebacks; fraud; bad credit or those who don’t qualify for traditional credit card processing can find a solution in an offshore merchant account. An offshore merchant account or international merchant account provides a payment processing option which will allow your business to accept credit card payments. High risk businesses can gain international credit card processing through a offshore merchant account. Obtaining an off-shore merchant account is possible for new businesses even if you do not have a positive credit history. It can be achieved using what is called an aggregate merchant account or 3rd party merchant account.

As an online business, having an ecommerce merchant account is a must. Having the ability to process credit card payments online, enables your customers to make payments in a quick and reliable way. Whether you sell clothing, toys, electronics or provide a service, setting up an ecommerce merchant account will allow you to operate a successful online ecommerce store.

Some businesses however, are categorized by merchant providers as “high risk”, in which case, most acquiring banks may shy away from providing them with ecommerce merchant accounts. Thankfully though, GBO has vast experience in assisting clients in high-risk industries, who would otherwise be denied, to obtain access to e-commerce merchant accounts easily and efficiently. We can help you set up an offshore e-commerce merchant account so you can be on your way to accepting payments from your clients online, in no time.

What Are offshore e-commerce Merchant Accounts?
An offshore ecommerce merchant account is essentially a merchant account established with a bank that is located outside of your home country. These specialty bank accounts enable e-commerce sites to accept credit card payments through their websites from customers around the world.These types of accounts are often also referred as high-risk merchant accounts.

The e-commerce banking world offers numerous advantages to both customers and businesses and offering easy payment options to customers is a key ingredient to growing your business’ clientele. By providing customers with quick and easy payment options, you will make your ecommerce site more reliable, professional and appealing to your clients, thus showing them that you care about their business and work hard to satisfy their needs.

Finding the right credit card processing service provider can help you maintain a reliable payment processing connection, which will in turn increase the number of potential and return customers. At the same time as helping you save money on payment processing fees and commissions.

GBO provides assistance to ecommerce businesses all over the world, in opening e money accounts with the best and most suitable credit card processing service providers. We will match you with the best providers so you can start processing credit card payments on your website from customers around the world, in multiple currencies. We will also ensure that you get the best rates, so you keep a healthy budget for your business.
Our vast network of acquiring banks, gives us the opportunity to assist clients with offshore e-commerce merchant accounts, even if their businesses are considered high-risk e-commerce businesses.

At GBO, we are experts in assisting clients find the best merchant accounts in the EU and Asia.