Good Afternoon, I was wondering is anyone could provide me some information. I am trying to find a processor who will take on higher risk accounts. I know about a couple of companies such as GRAYPAY and Alertpay. Has anyone used either of these companies? Pros and Cons? Thanks for your help.
I know very well about GRAYPAY and AlertPay which are the good compoanies for payment prpocessing and also there are many other companies in the market which provides the service like this but also there are some drawback of that companies.So we have to be careful before going to do any transaction.
It all really depends on what your needs are for a payment processor. When researching companies, ask them specific questions that tailor your needs in order to see if they will be a good fit. High-Risk payment processing can be a broad term, so be sure to clarify that your business model would be acceptable. This will save you from any headaches down the road. Also, I believe Alertpay is now Payza.
We consult and support all payment strategies. Don't just look for someone to approve these accounts, also look for them to support technology needs, funding, understanding of the high risk market, make sure receives are managed or no reserves at all. We can support your needs and build out placements for all your needs
CCbill is great for high-risk sites. I'm running a penny auction site and CCbill is pretty much the only processor that would work with my business. The fees are really high (like 14% i think), but you got to do what you got to do Good luck