High-risk payment gateway features can boost-up your high-risk businesses up to the skyrockets
WebPays is an all-in-one digital payment solution, from providing the high-risk payment gateway
for high-risk enterprises to approving high-risk merchant accounts. We, as “WebPays,” specialize in
dealing with high-risk businesses. We genuinely think the payment system is an integral
component of every enterprise. We offer cutting-edge payment processing solutions and have a
presence worldwide. With the help of our payment solutions, the merchant can manage their
financial transactions hassle-free. We are redefining the concept of the global payment solutions
market and offering our merchants the best solutions so that they make more and more money for
their enterprises.
Today, the financial world is completely changing. There are many new enterprises sector coming
into the market with several high-risk. The high-risk industry is nevertheless plagued by money
laundering, fraud, and cybersecurity risks. But still, they are booming nowadays. As a result,
payment gateways must now be more secure than ever.
A high-risk payment gateway with the latest technology and tech-savvy security tools is available to
deal with the high-risk business. The merchant ought to need a high-risk merchant account and
high-risk payment gateway to run their high-risk business successfully.
Here, in this guide, we will discuss a high-risk payment gateway. What features come with a high-
risk gateway, and which is the best high-risk service provider?
What are high-risk payment gateways?
A payment gateway that transfers the payment information on the merchant’s high-risk business
sites is called a high-risk payment gateway. You can also say that a high-risk payment gateway is the
latest technology gateway responsible for completing the payment process for high-risk
businesses.
High-risk payment gateways are an intermediate between the merchant websites and the
customer’s issues bank. Additionally, it transmits the response on payment transaction details from
the issuing bank and provides them to the acquiring bank. It is a technology that makes
communication between banks easier.
Why does some merchant need high-risk gateways?
Nowadays, the whole enterprise sector is divided into two categories – high-risk business and low-
risk business. For these two types of businesses, two types of gateways are available –
•High-risk gateways for high-risk businesses
•Low-risk gateways for low-risk businesses
As we all know, a payment gateway is the latest software that accepts or rejects online
transactions.
All merchants, low-risk or high-risk, can use high-risk payment gateways. Still, they benefit those
merchants with irregular high-volume sales, significant volumes of chargebacks and fraud, the
ability to accept multiple currencies, and merchants with bad credit scores. But the price is a bit
high. A low-risk gateway is less expensive than a high-risk gateway, as a low-risk gateway comes
with limitations.
The companies considered high-risk by the acquiring bank or financial service provider require a
high-risk gateway. Some of the high-risk sectors include:
•iGaming and casino industries
•Adult entertainment industries
•Fantasy sport
•Forex industries
•Subscription-based industries like IPTV
•E-cigarettes
•Tech-support
•E-commerce industries
•Tobacco
This list does not end here. There are many more industries that are considered high-risk. So, for
high-risk businesses, it is always recommended to go with the high-risk payment gateways.
What do you need to obtain high-risk gateways?
Before obtaining a high-risk payment gateway, the merchant ought to open a high-risk merchant
account. Most acquiring banks and fintech service providers do not work with high-risk businesses,
so they never approve your high-risk merchant account. Merchants must look for a service
provider who has experience in high-risk industries.
With a high-risk merchant account, the merchant also requires a high-risk SSL certificate and high-
risk encryption for websites. A high-risk 3D verification system and customer authentication may
be necessary when setting up a high-risk merchant. For high-risk processing transactions, high-risk
credit card processors typically impose exorbitant fees.
What features have high-risk payment gateways?
As a merchant, you can get many benefits from using the high-risk payment gateways, which help
to boost your high-risk businesses up to the skyrocket. Some of the features of high-risk payment
gateways are –
Sell anywhere
High-risk payment gateway allows the merchant to accept the multi-currency from
anywhere in the world. With these features, the merchant can expand their business without the
hassle and become a global brand. For your global business, you can also go with the International
payment gateway.
Offers various options of payment mode
Merchant can easily choose the payment method of their choice or according to their business needs. A high-risk payment gateway allows the merchant to make this decision independently.
Easy management
A high-risk merchant can easily manage their payment processing activity with
their single high-risk merchant accounts. High-risk merchants may also use various services, such
as processing payments, to improve transaction management.
Tokenization
Tokenization is also essential for security purposes. With these features of the high-
risk gateway, merchants can easily reuse the customer cardholder data without storing or securing
it from previous transactions. As a result, the customer does not have to re-enter their details
again and again while making the payments. It also keeps high-risk businesses safe and secure.
Tech-savvy security
Security is the top priority for all high-risk businesses. Almost every high-risk
payment gateway complies with the PCI-DSS level-1 compliances. They also offer anti-chargeback
tools, anti-fraud tools, and many more to protect the merchant and customer from fraud.
Recurring Payment model
One of the best features of a high-risk payment gateway is that it
allows recurring payment services. This feature helps merchants to improve sales, revenue,
recurring payments, and large transactions. It also helps merchant to grow their businesses.
Account terminations
Now you know that most businesses are labeled high-risk due to the high
chargeback rates. With a traditional payment gateway, account termination is always possible due
to the high chargeback. A high-risk payment gateway allows the merchant to handle the higher
chargeback thresholds and higher volumes.
How WabPays help you with your high-risk business?
WebPays is one of the leading fintech service providers whose services are available worldwide.
We, as “WebPays,” have experience dealing with high-risk industries. With us, you can get all
solutions related to digital payments at a reasonable rate.
We offer many benefits to the merchant. Some of them are –
•We are all-in-one solutions. You can deal with a high-risk merchant account, high-risk
payment gateway, and payment processing with us.
•We can approve your high-risk merchant account within 3 to 5 working days with proper
documents.
•As our services are available worldwide, we allow the merchant to accept the multi-
currency.
•We have various payment modes. Merchant can choose according to their preference and
target locations.
•The checkout process is straightforward.
•Our setup process is straightforward. It just required simple few lines of coding.
•We have a powerful dashboard to access and control transactions, refunds, invoices, virtual
records, etc.
•We offer 23*7 real-time reporting.
•As security is our top priority, we offer tech-savvy security tools such as anti-fraud, anti-
chargeback, etc. We also cover all the PCI issues.
•Our pricing structure is simple and the best in the market.
WebPays are specialized in the high-risk industries
We, as “WebPays,” offer a complete range of solutions that helps merchant to grow their
businesses and revenue globally. We deal with all types of industries like high-risk industries, low-
risk industries as well as mid-risk industries. We offer fast, secure, and reliable service to
merchants. We have experience in dealing with most of the high-risk industries such as –
•The gambling market is continuously changing. Gambling is consistently profitable, but the
profits are skyrocketing now that these activities are thriving in the digital world and
accessible via mobile and the internet. According to ResearchAndMarkets.com, the global
gambling market is expected to grow from $287.43 billion in 2021 to $458.93 billion in 2022
at a compound annual growth rate (CAGR) of 59.7%.
•One of the world’s biggest and most liquid financial marketplaces is the FX market. FX
stands for foreign exchange. Forex enterprises daily trades increased to $6.6 trillion in 2019
from $5.1 trillion in 2016. The global foreign exchange market in 2021 was US$ 702 billion.
The market is expected to increase at a CAGR of 7.3% from 2022 to 2027, IMARC
(International Market Analysis Research and Consulting Group) predicted, reaching US$
1,066.8 billion.
These all are high-risk industries and are booming nowadays. So, this is the best time to invest in a
high-risk business. As a result, it will return you considerable profits in the upcoming years.
Conclusion
We are living in the era of a digital world where no one likes to carry cash. The world is making
payments through credit cards, debit cards, or other alternative payment methods.
So, to run the business successfully, the merchant needs to offer their customers various payment
modes, especially if your business is labeled as high-risk. For high-risk businesses, high-risk
merchant accounts and high-risk payment gateway are essential. A high-risk gateway’s features
help you grow your businesses and boost up.
Nowadays, you have many options, but we suggest you go with WebPays. It is one of the most
popular and leading fintech service providers that have experience in dealing with high-risk
businesses. So it can completely understand your business needs and requirements and offer you
the best possible solutions at the best rate in the markets. Our expert team will explain all the
details to you, so contact them without hesitation.
