MP3 merchants are able to open high risk merchant accounts for their businesses. MP3 high risk merchants are categorized as high risk because their industry is plagued with pirated software and pirated programs. Banks will need to completely review the merchants that they are currently processing for or planning on processing for to make sure there are no illegal activities taking place. If there are illegal activities the processor is liable for a large lawsuit. Many merchant account processors are unable to provide MP3 or downloaded software merchant accounts because of the risk that it entails. MP3 downloads is a high risk business because there is no product being provided, just a piece of software. It is very difficult to confirm that the customer actually purchased this, that it was not fraud and that they also received it.

MP3 merchant and software download companies will be able to process their customer’s payments by having the customer purchase directly from their website. These merchants will be able to instantly provide the product for download after the customer’s credit card or debit card has been processed. The mp3 merchant will not have to manually account for the order and send the file to the customer; this will all be completed instantly without the merchant knowing until after the sale. The merchant will be able to login to their online gateway and review all transactions and reporting. The MP3 merchant is able to setup individual logins for all of their employees and managers preset with different permissions.

Offshore Merchants has been setting up MP3 and downloadable software merchant accounts since 2007 and will be able to setup your business within 1-2 weeks. The merchant will be required to provide all of their supporting documents in order to apply and be approved for a merchant account.    

Contact one of our helpful account representatives to assist you in the setup of high risk merchant accounts, offshore merchant accounts and high risk offshore merchant accounts.