When a customer makes a purchase using a credit card, the merchant’s credit card terminal or point-of-sale (POS) system communicates with the credit card network (such as Visa or Mastercard) to verify the customer’s information and authorize the transaction. Once the transaction is authorized, the funds are transferred from the customer’s credit card account to the merchant’s bank account.

There may be additional fees associated with credit card processing, such as a percentage of each transaction, a flat fee per transaction, or a monthly account fee. It’s important to carefully review the terms and fees of any merchant account before signing up to ensure that you fully understand the costs involved.

Yes, small businesses can accept credit card payments by setting up a merchant account with a credit card processor. Many merchant account providers offer credit card processing services specifically for small businesses.

There are a few risks associated with accepting credit card payments, such as the risk of chargebacks and fraud. However, most merchant account providers offer fraud protection and dispute resolution services to help mitigate these risks.

Yes, it’s possible to use a mobile device, such as a smartphone or tablet, to process credit card payments. There are several mobile credit card processing solutions available, such as Square and PayPal Here, which allow merchants to process credit card payments using a mobile device and a card reader.

Easy Pay Direct specializes in high risk payment processing but we also work with mid risk and low risk companies.

Here is a short list of some business verticals we service:

“High Risk” is a banking industry term. It’s important to note that there are many business models that are seemingly low risk, but fall into the high risk category.

There is nothing wrong with being considered high risk and there are many factors that contribute to risk.

When a consumer buys an item with a credit card, they are given 6 months from the date of receiving the item to dispute the charge.

If your business is no longer operating, who do you think has to refund that money? The processor. This is where risk is created.

Certain businesses, marketing models, and industries have a higher rate of chargebacks, where they get labeled as high risk.

Even if your business is perfect, has never had a chargeback, and operates 100% “by the books”, you could be labeled high risk if you’re business or industry falls into a high risk category.

There are 3 main reasons a business can be considered high risk.

1. The business has a greater chance of chargebacks occurring
2. The business model may be new or legally regulated
3. The business accepts a high number of card not present transactions (over the phone, email, eCommerce)

At this time Easy Pay Direct offers merchant account services for the USA and Canada. We are always working to expand our areas of processing and hope to serve a greater area in the near future.

We have worked with many new brands and start-ups to get them approved and running. However, banks like to see a long history of transactions and an established history with a merchant before approving them.

But, that does not mean we can’t get you approved. Reach out to us today and we will walk you through your options.

Once all of the necessary documents have been received, it typically takes 1-4 days to get approved.

Occasionally accounts can be approved in less than 24 hours, our team will work as quickly as possible to get your account up and running.