Which credit card company provides merchant account to high risk industry such as telecom/voip ?
We have been looking to get a merchant account for quite a while to provide credit card purchase option since the demand is very high. Our main method of payment is wire transfer because of high volume of usage. We found couple of them but their commission fees are quite ridiculous. We are unable to find a reasonable one due to large numbers of disputes in this industry, cc providers are not interested to open merchant account since our business covers pretty much all the countries. If it was specifically USA then we would get providers easily. Providers are not interested in a cross border transaction. Only authorize.net approved an account with a mere $1k a month limit and gateway fees of $25/month regardless of usage. So thats 2.5% gone in fees to begin with. If the limit was higher we would have used them. Anyone would like to share some insights on this matter ? Hope everyone is safe and sound in this crazy situation. God bless all.
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Nov 13, 2020
Check out Business Service Club. They are connected to a variety of funding companies that specialize in what you are looking for.
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You can reach me for questions at 203-300-7279.