One thing that is common for every industry is the customer’s payouts. No matter what you do at the end, what matters is how much revenue your business is generating. Imports are international goods and services obtained by citizens, businesses, and the administration of another country. It does not matter at all what the imports are or how they are sent. They can be shipped, sent by email, or even carried luggage personally on a plane. If they are produced in a different country and sold to domestic inhabitants, they are imports merchant account.
The e-commerce industry has changed the market thoroughly. It has opened a new door to business for all sectors, including the import industry. In this condition, an import merchant will need an Import Merchant Account to operate his business online.
However, the import industry falls under high-risk industries, so getting a merchant account becomes complicated.
In this blog, we will discuss the procedure and benefit of a merchant account briefly.
Reasons to consider it as a high-risk industry
Due to the various factors involved in the Import industry, banks consider it a high-risk industry. As a result, they don’t prefer to provide their payment processing service to the import merchants.
Here are some of the reasons that make it a high-risk industry:
1. Unclear Logistical Business Plan
2. Inexperience With Border Control And Distribution Laws
3. Understanding Legalities For Each Market
4. Financial Risk In Currency Exchange Rates
5. Not Determining If Your Product Will Sell
6. Not Having A Diverse Workforce
7. High chargeback ratio
8. Fraudulent transaction
9. High-volume processing
The above risk factors result in a lot of application form rejection for the merchants. Choosing a high-risk payment processor is the only choice left for the merchants.
PayCly comes into the picture here as a high-risk payment processing service provider. We help merchants with a high-risk merchant account.
What does PayCly do?
We talk about PayCly, we have gained expertise serving different industries with different niches. We have specialization in providing service to high-risk industries.
PayCly supports merchants to apply for an Import Merchant Account for your business and get instant approval. Our payment processing service makes it convenient to pay online for your customers. As a result, you can build a solid long-term relationship with your customer and can get more potential customers in the long run.
Plus, at PayCly, we assure the lowest merchant account pricing available when you opt for our services. The simple and easy integration process will make it flawless to operate your business.
Our security tools are the best part of our services. PayCly offers a high-risk payment gateway integration with your website.
Our payment gateway complies with PCI-DSS Level 1 compliance that makes your payment processing more secure. When your customer initiates the payment, the gateway will proceed with it for further processing. After all the formalities, the transaction will be accepted, and the amount will be transferred to the merchant’s account.
High-Risk payment gateway available for industrial growth
PayCly offers high-risk payment gateway integration to the merchants to expand their business. Our team of experts supports you in getting fast approval for merchant account service with our extensive network of acquiring banks worldwide. Your obtaining bank will be keen to work with you, offering a reliable payout for the timetable and excellent client facility.
Multi-Currency aids a speedy business
With Import Merchant Account, we offer you multi-currency processing. It allows you to accept and process payments in diverse currencies worldwide. You can offer your clients to pay in their local cash. We do support all major currencies across the globe like the dollar, pound, euro, etc.
Plus, your customer can pay via their card from any card brand like Visa, MasterCard, and others with real-time currency conversion.
Multiple currency processing is the best solution for merchants to expand their business from one nation to another.
Get the Offshore Merchant Accounts
For the merchants looking for the solution to expand their reach and sell their products and service worldwide, PayCly is the correct destination. We offer you an offshore merchant account as the key to enter into the global e-commerce market. With us, you can sell your products and services globally and can accept payouts from your customers without any hassle.
Plus, merchants can process high-volume transactions and maximize their sales, as our acquirer banks do not put a cap on the transaction volume.
Expand your business with an international merchant account at a lower price!