High-Risk Merchant Account UK – What is it And How to Apply?

A high-risk merchant account in the UK is a payment processing agreement that is customized to suit a business that is believed to be high risk or is functioning in a trade that has been regarded as such. The merchants typically require paying higher fees for services, which adds to their business cost, affecting ROI and profitability, particularly for firms that were re-categorized as a high-risk trade and were not ready to handle the operating costs of a high-risk merchant. Certain companies specialize in operating with high-risk merchants by providing faster payouts, competitive rates, and lower reserve rates, which mainly aim to draw companies that have difficulties locating a place to carry out business.

Merchant account

A merchant account is like a regular bank account but operates more like a credit line that allows an individual or company to get payments from debit and credit cards utilized by the clients. The bank that offers the merchant account is known as the “acquiring bank,” and the one that delivered the credit card of the consumer is known as the “issuing bank”. One more significant element of the processing cycle is the gateway that deals with transmitting the information of the transaction from the client to the merchant.

How to apply

When you apply for a high-risk merchant account UK with a payment processor or a bank, there are numerous factors to take into account prior to picking a specific merchant account provider. It is possible to discuss lower rates, and you should request several quotes prior to selecting a high-risk account provider to utilize for your processing requirements.

NOIRE offers a payment gateway and merchant account to get you started on online payment processing in one simple agreement. They offer the greatest level of fraud protection utilizing the most advanced and latest risk management technology.

Which Businesses Are Going To Need Multiple Payment Providers?

 Any business will need multiple payment gateways for the following reasons: 

• Decrease fees.
• Offer alternative payment methods. 
• Decrease the decline ratio
• Offer better customer experience. 
• Increase your geo.

Having multiple payment providers can be beneficial. Although, your business may not need it. You may be dealing with forex payouts or something else, let us tell you if you need a multiple payment gateway for your concern.

1.Multiple payment providers are good for medium and large businesses with average monthly volumes starting at $50K. Higher monthly volume will require flawless transaction flow and dozens of alternative payment methods to meet the needs of the customers all over the world. In addition to this, these businesses must always have a backup gateway to process their payments in case the main one crashes.

2.Businesses with multiple GEOs are going to require multiple payment providers. If your business in targeting different people from different countries or locations, you need to have several payment providers to offer local and alternative payment methods. This will also grow the customer loyalty and, as a result, conversion rates.

3.You will need multiple payment gateway if you are willing to increase your approval ratio. In case of forex payouts, if you want to increase your deals, you will need these multiple payment gateways. 

Besides these, a high-risk business is also going to need a payment gateway. If you need one, you can always reach out to us.

Alternative Payment Methods – Who Needs Them And Which Ones To Choose?

The non-cash transactions are increasing in the entire world, and the numbers are not going to settle so soon. We do not want to argue here and the world is steadily moving towards becoming cashless. And that is why, non-cash and alternative payment methods are coming into play.

Yes, we are using non-cash payment methods everyday and every business needs to understand this. These non-cash payments are made with alternative to cash payment methods. If you are looking for these payment methods for your business, you need to get in touch with alternate payment providers like NOIRE. The most popular non-cash payments are carried out with debit and credit cards. However, with the advancements in financial technologies along with new cutting-edge payment methods like cryptocurrencies, e-wallets, ad mobile payments apps are taking the lead.

These non-cash payments are not only popular in businesses but also among the young population as they are more tech-savvy. An older generation is realizing the convenience, and so, they are shifting to non-cash payments as well. 

If you are still dubious about choosing an alternate payment gateway, here are some benefits:

• It increases your conversion rate. When you offer a variety of payment methods to your customers, they are bound to stick to you.
• With more and more payment options, you can expand your online presence. Choose a good alternate payment provider and it will help you expand the horizons of your business.

If you need more help, talk to us.

Why Do We Need To Use Visa Verified 3d Secure Fraud Prevention?

As far as online payments are concerned, the business needs to find out ways to deal with the online frauds. Luckily today, verified by Visa stands at the forefront of security. Thanks to this amazing technology and the 3D secure version 2 protocol, the merchants can easily protect themselves from fraud. And, this is what we will talk about in today’s article.

We are aware that payments frauds are increasing day by day and these frauds cause a lot of losses for merchants. The moment a customer notice something suspicious, the customer will fight a chargeback, and this is no less than a nightmare.

Let us understand a few basics here. Many people do not what is ‘verified by visa‘. If we put it simply, verified by visa a cluster of actions that ensure a legitimate transaction by the card owner. This system make payments easier, customers feel safe, the chargebacks are reduced and the cart abandonment reduces as well.

How does it work?

According to Visa, this process is completed in two steps:

Step 1: the customer enters all the card details. The card identity is confirmed by the issuers. If the issuer has any doubts during the authentication process, the user asks for the verficiation by visa password.

Step 2: if there are no additional requirements, the issuer will work behind the scenes and confirm the transaction.

Using verified by visa is very easy. The user doesn’t need to install any extra applications. There are just a few extra checks to ensure that the transaction is safe and sound.

NOIRE Pay uses the same 3D secure technique to safeguard its merchant accounts. Our financial experts team will help you understand this even better. You can always reach out to us for your next merchant account and we shall be happy to help you.

The 3D secure version 1.0 was too good. Based on the systems of this version, the 3D secure version 2.0 was created. It is always in the interest of the merchant. Know how it works:

• It is highly improved and customers are less frustrated.
• It offers multi device support for a better customer experience.
• Better analytics with the help of increased data support 

The 3D secure version 2 have made things easier for the merchants, users and issuers. The more the better, the version has created a win-win situation for all the parties.

To know more about 3d Secure Version 2 please visit the Website: Noire.com

Build Your Business To Accept And Acknowledge Alternate Payment Providers

Alternative payment providers are identified as a means for paying for services or goods not made using major card systems or cash. This includes mobile payments, prepaid cards, bank transfers, e-wallets, and instant financing.

Alternate payment providers have risen in popularity as tech giants, and financial tech companies have come into the payments ecosystem now to offer consumers convenient and quicker ways to make their purchases and send money to family and friends. Alternative payment methods are anticipated to account for almost 60 percent of e-commerce transactions globally. 

Various new options

While numerous people are acquainted with mainstream alternate payment methods like PayPal, there are various other available payment options too. The reputation of these payment methods varies by location. Mobile payments have started to control the market in China. 

Research properly

Regardless of the rise in popularity, it might be hard for merchants to ascertain which alternative payments are worthwhile presenting to their clients. To guarantee success, researching various payment methods should become an essential part of the plan of a merchant to expand the business into unknown territories.

Customers have started to embrace e-commerce that transcends borders. Taking your online business to a global audience is something that comes with a set of challenges often, but by taking your time to research the alternate payment providers, you can certainly acquire the rewards.

With the help of NOIRE, you can offer your consumers local payment methods that are appropriate for their country. The experts modify their payment solutions to meet your business requirements.

Some Easy And Everyday Steps To Ensure That Your Pin is Safe

People these days use different payment methods to make a transaction, such as credit cards and debit cards and payment wallets. To be secured in these transactions is also important and hence one has to be very careful to avoid giving away vital information to fraudsters. This is precisely why it is important that you on your part consider certain protective measures to avoid such cases. This article deals with the ways in which one can keep one’s pin safe. Of the many important aspects of keeping your card safe, this is one that really needs attention. 

Don’t go for obvious options- 

It is important that you go on to choose a Pin that is not at all obvious. Usually a birth date, or a wedding anniversary date, or phone number, is an obvious scenario. So make sure that you go for something complicated, random or less obvious.

Keep changing your PIN on the cards regularly-

Make sure that you do not use the same PIN for all your different cards. Make sure that you use different PIN for different cards.

Do not share the pin with anyone-

It may seem very normal to trust and rely on a friend or a family member with the PIN, however it is not at all advisable as because an information may unwittingly slip on to someone and this may land you in some serious trouble. Circumstances may lead people to conduct activities that otherwise may seem highly unlikely, nay impossible for them to do. So you need to be more careful. 

For internet merchant accounts providers, consider Noire.

Choose The Best Online Payment Gateway in Uk

If you are up to starting a new online store or are planning to extend your business services across boundaries then things have gone easy for you with many online payment gateway UK. Initially it was only PayPal but today you find many other authentic online payment gateways that will release your burden of accepting and sending payment across national and international boundaries.

Selecting a decent payment gateway not only means that your financial transactions will go easy but also it is also a great means to integrate your business for its safety and security.

If you are opening an e-commerce store, your first need to identify on which platform you wish to work on and based on that you can select the payment gateway for yourself. There are many options like Open Source or Software as a Service (SAAS) and you can select the one that seems the best for you.

There are open source platforms that you can handle on your own if you have a little technical knowledge about it. Even if you do not have, you can outsource this to a company who will intervene and deal with this.

On the contrary, SaaS providers will charge a fee for using their software and they will help you in all the way you want to make the software run smooth for your business. This is basically an enterprise solution and quite appropriate for entrepreneurs.

Hook on to the best online payment gateway UK for the better results.