Accept Bitcoins at your business Sign up Accept bitcoin at your business Make your business more versatile and customer friendly – accept Bitcoin as a payment from your clients SpectroCoin provides quickest, safest and cheapest Bitcoin integration for business:  a risk-free bitcoin exchange services with low fees Why Bitcoins?Quick Cheap Global Safe How it works?Accept Bitcoin, receive your currency SpectroCoin allows you to accept payments in Bitcoin and receive your funds instantly in your currency directly to your account - no frozen reserves.Also no chargebacks or refunds!Learn more How bitcoin payments are processed?At online site 1.Site submits how much and in what currency (USD, EUR, GBP or any other) it want to receive.Payer sees bitcoin payment window with an amount of bitcoin equivalent to the amount required by the site.After payment is completed, the site is informed that order has been processed successfully.Next day, site's owner receives money into his/her bank account.

At brick and mortar shop 1.Shop's assistant enters orders information, the amount and currency (USD, EUR, GBP or any other) to be received, into the point-of-sale application.The bitcoin payment window with an amount of bitcoin equivalent to the amount required to fulfill the order is generated and shown to the buyer.After payment is completed, the application shows that the order is completed.Next day, shop's owner receives money into his/her bank account.Hide Bitcoin Payout Solutions Enable bitcoins as a payout option for your customers, employees or empower bitcoin remittances in your business Mass bitcoin payment solution allows to process bulk bitcoin payments and broadcast them to blockchain Start accepting bitcoin now Sign up WooCommerce Bitcoin Plugin Magento Bitcoin Plugin PrestaShop Bitcoin Plugin OpenCart Bitcoin Plugin Drupal Bitcoin Plugin WHMCS Bitcoin Plugin It’s easy to integrate SpectroCoin eliminates all technical issues regarding bitcoin integration for businesses.

We offer a reliable and ready-to-deploy installation via the e-commerce plugins or Bitcoin Payment Processing API.Accept your first bitcoin order today Bitcoin Merchant API Learn moreSoar Payments is focused on offering high risk merchant accounts for some of the hardest to place international and US high risk businesses.Voted the #1 High Risk Credit Card Processor in 2015 and 2016 Soar Payments offers comprehensive high risk merchant services, which include reliable, affordable and secure credit card processing, ACH processing, and integrated fraud protection and chargeback management services.Our goal is to be the undisputed best high risk merchant account provider.To do that effectively, we have to understand and cater to the unique needs of the high risk merchants and industries that we specialize in.To that end, we put together the below “high risk merchant account cheat sheet”.It’s designed to give business owners a single place to obtain all the information they’ll need to obtain high risk merchant accounts, manage those accounts, and succeed when accepting credit and debit card payments.

Table of Contents Getting and Setting Up A High Risk Merchant Account Who is Considered High Risk?Common High Risk Industries Getting a High Risk Merchant Account Growing & Maintaining Your High Risk Account High Risk Payment Gateway Reviews CRM Reviews Managing Chargebacks The category of high risk credit card processing includes any business in an industry with one or more of the following characteristics: It is important to note, that this high risk merchant account categorization is based on your business’ industry, regardless of your individual businesses’ track record.bitcoin anleitungAdditionally, the high risk category includes businesses who have been dropped by a previous credit card processor, businesses that are on the MATCH or TMF list, companies whose owners have bad personal credit or low credit scores, or businesses who are based outside the US.using bitcoin armory

A Note From Our CEO Running a small business is flat out tough.At least that’s what a number of our high risk merchants have told me personally.(One guy I spoke to literally spent 25% of his work-time just managing payment issues before he found us.)Clearly his experience is extreme, but there’s a lot that can go wrong with your high risk merchant accounts unless you have a good game plan.Things like: Losing control of recurring charges Getting bombarded by chargebacks Not having a high enough processing volume cap to grow.safest bitcoin mining poolThe good news is, these problems are all solve-able.litecoin trgovanjeIt took me about 8 hours of research, but I put together the below “cheat sheet for high risk merchant accounts” for entrepreneurs in high-risk industries to help you avoid these pitfalls.dell bitcoin largest

It’s my sincere hope that you find this article useful (because I’ve got a lot of work in it)… and if you need help with your credit card processing, I’d love to help you with that, too.If you own a business, and want affordable and reliable high risk credit card processing we can help you (in fact, we specialize in high-risk businesses).Click here to begin a free online application.This is a pretty basic question, and the answer is pretty simple, at least in theory… apply with a merchant account provider.cara join bitcoinThey’ll complete the application with you, send it to their underwriting department to review the application, and once approved, you’ll be ready to accept payments.bitcoin blockchain nodesIf that sounds too easy, its because if you’re a high risk business, it is.bitcoin 7500

Most processors and banks do not offer payment processing to high risk merchants, so you need a high risk merchant account provider.If you owned a retail bakery business, almost every bank and processor would be happy to provide you with credit card processing.Unfortunately, for high risk businesses, that isn’t the case.That’s not because the salesperson doesn’t want your business, but rather because their sponsor bank or their processor will not write high risk businesses because of the regulatory and / or chargeback risk.bitcoin to wmzSo, the first question you should ask when calling a merchant account provider is, “Do you provide merchant accounts to high risk businesses in my industry?”.And then ask… “Are you sure?”.Because often the salesperson will tell you initially that they do, but then you complete the application process, only to find out that their underwriting department doesn’t.Yes, at Soar Payments we provide all-inclusive credit card processing services to hundreds of high risk merchants, ranging from startups to businesses processing millions of dollars a month.

The process is simple, just complete our 5 minute free online application, then we’ll email you a PDF copy which lists all terms and pricing for your electronic signature.Once approved, you can begin processing.We’ll handle setting up your chargeback management tools and your payment gateway, making the process easy and simple.Most high risk businesses want to scale their business to $100,000 per month or more in sales, and frankly, as your merchant account provider, we want that too.The problem, is that your first merchant account is typically capped at somewhere between $25,000 to $50,000.So how do you increase your cap?There are two answers: The underwriter’s job at a credit card processor is to make sure that the business is a good risk for the credit card processor to take on.Specifically, he / she is looking at the likelihood that the credit card processor will face losses on the account.Losses occur for credit card processors in two main ways, losses on the account and regulatory fees.

More specifically, the underwriter is trying to ascertain the likelihood that large or high numbers of chargebacks will go unpaid, or monthly bills will go unpaid.On the regulatory side, whether the processor is opening itself up to fines imposed by the government, the card brands or their sponsor bank, by facilitating payments on behalf of a merchant that is engaging in fraud or other bad activity, or just a merchant operating in an industry that their bank does not accept.So, when it comes to high risk underwriting, the underwriter is looking for businesses that have some cash in their bank account, appear to have a solid and legitimate business model, and have ownership that appears stable and competent.The more your business meets those criteria, the more likely it is to be approved.Return to Table of Contents While any business with bad personal or business credit scores, a high chargeback history, a startup, or high frequency or high average tickets can be considered high risk on an individual basis, the majority of high risk businesses are labeled as such by the industry they operate in.

Some examples of high risk industries include: Air & Water Filtration Antiques & Collectables Apparel Sales Auto Parts & Accessories Auto Transport Businesses with Bad Credit Beer, Wine & Liquor Sales Computer Hardware Debt Consolidation Discount Buying Service Document Preparation Downloadable Software Educational Software Electronics Business Extended Warranties Financial Aid Consulting Financial Services Fine & Cosmetic Jewelry Insurance Providers Magazine Subcriptions Mobile App Software Moving Company Nutraceuticals Pawn Shops & Pawnbrokers Precious Metals & Coins Remote PC Tech Support Pet Shops & Supply Stores Self Storage Business SEO / SEM / Web Design Return to Table of Contents Question?We’re Ready to Help.Ready to Get Started?Ready to start accepting payments at your company, Click here to begin a free online application.

High risk businesses generally accept payments in one of four ways: (1) in person (often called swiped payments), (2) over the phone (aka MoTo payments), (3) through their website (aka eCommerce), or (4) recurring (e.g.For any method other than swiped in person transactions, the sale will actually be processed through a payment gateway, which is just a piece of software that securely transmits card data to the processor.There are literally hundreds of payment gateways available, but most high risk businesses use one of just a few, which are outlined below: How to get a payment gateway?Most merchants purchase their gateway through their merchant account provider because it’s usually cheaper than purchasing it directly from the company.The reason, is that the company gives large discounts to the merchant account providers which, often means they sell the gateway to their customers for cheaper than it retails.Plus, then your merchant account provider will help you configure it, and help you deal with any issues.

Return to Table of Contents CRM (Customer Relations Management) software is used by high risk businesses to manage their customer’s information, profile, track contacts, track the salesperson associated with the sale, manage recurring billing, track the performance of advertising campaigns, send automated emails, and other customer targeted organizational activities.There are dozens of CRMs on the market, but high risk businesses generally use one of a small number of options, each of which is briefly reviewed below.Return to Table of Contents Merchants in a high risk industry have to be aware of their chargeback ratio, because, most often, excessive chargebacks are what causes a high risk merchant to have their merchant account closed by the processor.A businesses’ chargeback ratio is the number of chargebacks per month divided by the total number of monthly transactions.The dollar amount of the chargeback is irrelevant, as is whether or not you win, lose, or don’t fight the chargeback.

Once a chargeback has been initiated it counts as a chargeback.So, if your high risk business has 100 transactions in a month, and 3 customers have initiated a chargeback dispute in a given month, you have a 3% chargeback ratio for that month, regardless of whether or not you win those chargeback disputes Your processor faces potential Visa / MasterCard fines if your chargeback ratio exceeds 2%, and they continue to let you process.Those fines are in the tens of thousands of dollars, which means that getting fined for allowing you process will certainly cost them more than your account brings in.That means that once the processor begins looking at your account, and sees that the ratio exceeds 2%, they will almost always terminate your account, so the key is to keep your ratio below 2%.Moreover, chargebacks are an early indication that there may be some issue with your business (e.g.fraud, customer dissatisfaction, inadequate fraud / security protection, etc.)and therefore a credit card processor will use excessive chargebacks as an early indicator that there may be significant financial losses to the processor.