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Recurring Billing Merchant Account

Merchants that operate their business by charging their customers regularly are at a disadvantage when it comes to opening a merchant account. Recurring billing is a sales practice that is common among merchants selling subscriptions or products sent to the customer regularly. These merchants will need to open a high risk merchant account in order to process their transactions. Offshore Merchants specializes in opening these types of accounts. No matter what type of business you operate that requires recurring billing, there are solutions available that will help you to add additional processing options to your business. Most merchants are unable to find regular processing solutions when they start searching for solutions with low risk payment processors.

High risk merchants will need to seek out a high risk processor that will accept their recurring business model. Recurring billing or continuity billing is considered a high risk industry. This categorization is for a few different reasons. Recurring billing occurs when merchants sell a product one time and there is an ongoing charge that is made to the customer’s card. This billing model is called continuity since it continues on after the sale. This is a very popular sales strategy with diet pills or nutraceutical items that are used monthly and require the customer to enter into a membership with the merchant. Membership merchants with recurring billing is also considered high risk because of how a customer will react to the charge they are receiving. A customer may chargeback the transaction instead of contacting the merchant to discontinue their membership. If customers contacted the merchant directly there would be less of a chance of chargebacks however with this industry and billing technique it becomes more prevalent for customers to chargeback these types of services and products.

High risk businesses will need to team up with a payment processor that is aware of their business model and able to offer competitively priced products and services for these businesses. Offshore Merchants has been providing high risk payment processing services since 2007 and is able to work with these types of merchants. The merchants will be able to effectively integrate the payment options into their website and the payments will be approved in real time and there will be a weekly payout to the merchant directly into their bank account. Recurring and continuity merchants have found this system to be state of the art and the rates and fees are very competitive. Customers will easily be able to place orders no matter what the offer is that the merchant is presenting. The payment will be scrubbed for fraud and there will not be an issue with approved or declined cards. Merchants should make sure to perform due diligence on the payment processor that they are planning on working with. Merchants will be able to accept all major forms of payments including; Visa and MasterCard, debit and credit cards. Customers should be aware of the offer by reading the terms and conditions completely before placing their order.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.