Third Party Credit Card Processing

These days, credit card acceptance is the cornerstone of any profitable online or e-commerce business. When your market is truly global, you have the opportunity to reach shoppers in every geographic and demographic segment.

Third party credit card processing accounts are made available for those particular merchants that have varied degrees of difficulties in getting and/or maintaining their own ecommerce merchant account, or have consistently high level of charge backs. Merchants who operate as third party credit card processors can eventually get their own merchant accounts after a period of time and can qualify for their own online merchant account.

By offering this 3rd party credit card processing ability, the online or e-commerce business assures its customers the ability to service their needs fast and with ease with a needed payment gateway.

Third party merchant accounts are designed specifically for the following situations:

• New business ventures that have no credit card processing history.
• Merchants that may be considered as high risk businesses.**
• Merchants that have high returns, refunds or high chargebacks (more than 1% per month)
• Merchants that may not be incorporated in a particular jurisdiction.
• Merchants under the Visa or MasterCard chargeback reduction program.
• TMF (Terminated Merchant File or MATCH) and CIRF Merchants.

** Businesses that need high risk merchant accounts include, but are not limited, to adult entertainment industry merchants, travel businesses, car rental agencies, collection agencies, telemarketing companies, auctions, pharmacies, MLM, web hosting, and loan service businesses. While banks do offer merchant accounts, it can be tricky trying to obtain a direct merchant account as an online merchant, particularly if you what is considered to be a high risk merchant. Fortunately there are third party providers that have relationships with numerous banks and as such can assist new and hard to place merchants to establish a good track record. Third party merchants due to the higher risk are subject to higher payment processing fees than businesses that are more traditional or lower risk.