Penny Auction Merchant Account and Credit Card Processing2018-09-04T16:01:17+00:00

Penny Auction Merchant Account With Credit Card Processing

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Penny Auction Credit Card Processing Services

The penny auction industry – which is also referred to as “bidding-fee auctions” – developed thanks to the Internet. Penny auction merchants can easily earn money from item sales as well as small fees for every bid.

Can I start making money fast? Yes. However, before you can start to earn money, there are several different bases that must be covered first.

In order to conduct an e-commerce business, you need to have a merchant account. And possibly a business license.

It can be difficult for a high risk business such as a penny auctions site to locate the services that they need. High Risk Solutions can help with this.

For over a decade now, we have provided high-risk businesses with the finest quality credit card processing services. For qualifying merchants, we are able to offer completely customizable merchant accounts for penny auction businesses.

If you are ready to locate the best solution for your business, just click the following button to get your application process started.

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If you've been turned away or declined because other credit card processors consider your businesses type as too risky, High Risk Solutions can help.

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Do you limit chargebacks? Yes. One of the major reasons why penny auction business have such a hard time obtaining merchant account services is due to their high chargeback levels.

The Risk Management team at High Risk Solutions can help merchants with preventing chargebacks on credit card payments for penny auctions.

Will you inform me of possible fraud? Yes. We will alert you about any known fraudulent customers as well as inform you whenever we suspect that you have a fraudulent order that could result in a chargeback.

We also provide advice and education to help you with preventing chargebacks, including how to best optimize your billing description.

Does HRS work with international credit cards? Yes. High Risk Solutions has not only assisted online businesses by the thousands and helped them broaden their presence and succeed. We help many businesses incorporate within their preferred countries.

On top of that, we work with about 160 international currencies.

Once our underwriting team has approved you, there is practically an endless number of possibilities. Through our extensive network of trustworthy acquiring banks, we are able to assist penny auction merchants.

Accept payments from all of the major credit card companies, including:

  • JCB International
  • China Union Pay
  • Maestro
  • MasterCard
  • Visa Electron
  • Visa

Can I choose the payment gateway for my site? Yes. The payment gateway you use when you process payments at your penny auction site enable you to securely and simply manage all of your credit card transactions.

The payment gateway that we provide comes with SSL encryption technology and is PCI compliant to ensure that your customer and business sensitive information is kept safe.

We have two APIs for you to choose from which will enable you to either have High Risk Solutions provide the hosting for your payment page or host one on your own.

This helps to reduce your risk and lets us assist you with preventing credit card fraud.

Once you are approved, we can integrate the payment gateway into your site absolutely free.

Is there a blacklist for penny actions at the standard banks? Yes. Penny auction websites in the U.S. are basically a blacklisted merchant category code (MCC). High Risk Solutions. However, this doesn’t disqualify penny auction merchants due to a label.

Thanks to our reliable acquiring bank network, we are able to offer an offshore payment processor. Accept credit card payments on your penny auction site.

We can help you save money on your taxes and provide you with quite generous processing limits. Because you are processing offshore, it also allows to reach additional customers worldwide and accept multiple currencies.

Other offshore and high-risk businesses helped:

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