Are domestic banks denying your request for an e-commerce or mail order/telephone order (MOTO) merchant account because they believe that your business is too high risk?
If you are in one of the following industries, you most likely will need a high risk merchant account to be able to accept credit card payments online:
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Adult Toys & Products Adult Videos Airline Tickets Apparel Cash Advance Cigars Credit Repair Dating Websites Debt Consolidation Downloadable Software
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Educational Software Electronics Escort Services Financial Services Forex Trading Internet Gambling Penny Auction Law Firms Loan Services Online Casinos
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Payday Loans PPI Claims Phone Sex Social Gaming Stock Trading Strip Clubs Telemarketing Timeshares Continuity
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Immigration/Visas Insurance Brokers Jewelry Matrimonial Services Membership Sites Online Retail Personal Injury Satellite TV Repair Seminars Scholarship Programs Watches Weight Loss
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Apply for a High Risk Merchant Account
An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. A standard retail "swipe" merchant account does not allow processing of these "card-not-present" transactions.
If the domestic banks are denying your merchant application because they believe your industry is considered high risk, CyoGate can help! We have an offshore network of merchant processing partners that enable us to provide low cost, high risk merchant solutions to a much wider range of businesses and industries.
The CyoGate Internet Payment Gateway offers one of the quickest and most cost effective ways to accept and process credit card and electronic check payments online. Our payment gateway works with most existing merchant accounts and supports hundreds of popular web shopping carts and eCommerce platforms.