If you are a high risk merchant, an offshore merchant account is the perfect solution to your processing needs.
You have the payment processing power to blaze ahead and meet your goals. Money flows in. Your business prospers and grows.
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Credit cards compromised An estimated 100 million credit/debit cards have been affected in what may be the largest compromise ever.
Payments processor Heartland Payment Systems Inc. said the system they used to process Visa, Master Card, American Express and Discover Card transactions was breached last year.
The Wall Street Journal reported the data compromised included card numbers, expiration dates and internal bank codes, all of which could be used to duplicate cards.
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What is a High-Risk Merchant? There are varying definitions for "high-risk merchants." But generally speaking, a high-risk merchant transacts business in a merchant category where loss-causing events (such as excessive chargebacks) are likely to occur.
Are Internet merchant accounts compatible with all shopping carts?
No. Shopping cart companies make their software compatible with certain secure payment gateways (ie. Authorize.net, Verisign, etc.) In addition, merchant account companies work with different secure payment gateways so their clients can process credit cards online. It's important to take to find out from your merchant account company what secure payment gateway you'll be using. If it's Authorize.net, you can expect most shopping cart companies will support that gateway. Return to Frequently Asking Questions about Merchant Service