Please
view the information below on the High-Risk Merchant
Account + Gateway
For all the costs involved with this account, including
set-up charges, transaction rates, monthly fees etc.
please
click here.
Set-Up |
£200 |
Monthly Fee |
£25 |
Credit Cards |
4.40% |
Debit Cards |
4.40% |
Settlement |
14 Days |
Virtual Terminal |
FREE |
Rolling Reserve |
 |
Payment is applicable once the account has been set-up.
The set-up fee and monthly charges are taken directly
from your merchant account once you have enough to cover
the amounts owed. This means that you do not
need to pay anything until you have started
trading.
With regards to the annual fee associated with the
High-Risk Merchant Account + Gateway, this will be invoiced
once the account is live.
For all the costs involved with this account, including
set-up charges, transaction rates, monthly fees etc.
please
click here.
Account Information Reporter
All your member account information can be accessed
via the 'Reporter.' This software application provides
detailed transaction information and allows you to refund
transactions if necessary.
The reporter includes many useful and time-saving features.
Some of the tasks you can do with the back office include:
- Generating activity reports
- Searching for information
by account number, card number, etc.
- Viewing your account
balance and details with the Account Statement tool
A comprehensive user guide is available after you apply
Technical
We understand that our merchants vary with respect
to their needs and requirements. Whether or not you
have a Web site, our processing options give you the
flexibility to select from one or all of our interfaces.
There are various ways to start processing credit and
debit card payments.
For much more information on integration issues please
click here
VPOS System
The High-Risk Merchant
Account + Gateway VPOS for credit card processing
eliminates the difficulty and additional hardware expenses
normally related to manual credit and debit card processing.
The VPOS is a Windows-based software application that
provides all the necessary features required for processing
credit and debit card transactions quickly and easily
in situations where cards are not present. VPOS is a
straightforward, powerful and effective tool that helps
companies boost sales.
You can implement the following transactions:
- Settlement – complete a sale
that was previously authorised
- Cancel Settlement –
void a settlement before it is completed
- Credit – refund a
sale that was previously settled
- Cancel Credit – void
a credit before it is completed
- Purchase – authorises
and settles an amount on a card
- Authorisation – authorises
an amount on a card
Transactions are protected by three security options
– AVS (address verification system), a negative
database check, and CVD (card verification data).
High-Risk Merchant Account + Gateway Technology
- Over 100,000,000 transactions
processed since 1996
- Average transaction time <
3 seconds
- Infrastructure based
on Java, BEA WebLogic, Oracle, and Sun Solaris
- In-house data centre
with automated monitoring
- Automated chargeback
management system
Application timescales & process
When you apply online
you will receive an email normally within 2 - 3 business
days informing you if you have passed the initial stage
or not. If so, you will receive an email with a list
of supporting documents to scan and return. Once all
forms and supporting documents have been received, your
application will be assessed, then you will be contacted
with a decision. You will also be contacted if any questions
regarding your application arise.
Once the merchant account documentation has been received
and approved, you will receive an email with the integration
information and test configuration account. You will
then receive the financial agreement to sign and return.
The account can be up and running in less than
5 days. If there are problems with the paperwork
submitted, such as incomplete data or inconsistencies,
those issues will delay account approval. During busy
periods the application process may take 10 - 14
days
(from the time of receiving your documents).
Potential email problems
With both accounts you will be updated via email. If
you have not received your emails please check all spam
filters and junk mail folders before contacting us as
this can often be the reason for missing emails. AOL
is especially well known for deleting or junking email.
Product Descriptions
When filling in the application please make sure that
you are as precise as possible with your product descriptions.
Some customers have unfortunately been refused an account
because they have failed to give an accurate description.
For example - someone who is selling herbal products,
may simply put 'Health care supplements'. However this
can easily be misconstrued to mean pharmaceutical tablets,
pills etc. However, if a description of '100% herbal
products such as vitamins and protein supplements' had
been entered then it would have passed the initial stage
This also works in reverse. For example if you are
renting out accommodation that you own and have control
of (no third party). However you fail to mention that
you will also be supplying flights etc. and do not have
the necessary bonding, then your application will be
rejected
Turnover Estimates
On the application you will be asked to give an estimated
monthly online turnover. These will most likely be guesstimates
as 90% of applicants have not yet started to trade online.
Because of this please do not exaggerate these estimates
as they can hinder your application and final merchant
account (if offered). Certain applicants think by exaggerating
the amounts we will be more keen to help them. However
this is not the case whatsoever. Not only will we help
any company big or small, the fact that you have put
very large monthly turnovers may mean you are actually
deemed a higher risk. Therefore receiving different
terms to those advertised (see disclaimer below) or
not receiving an account at all |