The Door To Offshore Opportunity For High Risk Australian Merchants Is Always Open.

MAY 11, 2020

VOL. 02

QP MAGAZINE

VOL. 01

QP MAGAZINE THE OFFICIAL NEWSLETTER OF QUADRAPAY

OFFSHORE CREDIT CARD

The Door To Offshore Opportunity For High Risk Australian Merchants Is Always Open. It's Time To Bother To Push The Door Open.

PROCESSING

Potential Chargeback, high volume sales, Refund, Holdback

QUADRAPAY KEY SERVICES/PRODUCTS HIGH RISK MERCHANT ACCOUNTS OFFSHORE MERCHANT SERVICES

CHARGEBACK ALERTS HIGH RISK MERCHANT

And fraud Involved in the business is very frustrating for Australian Merchants. The Huge chargeback and fraud hinder the Australian merchants from thriving. With all these risk factors, most of the domestic processors don't want to make

SERVICES

a contract with high-risk Australian merchants. Then how will

HIGH RISK ECHECK

its goods and service globally like in the USA, Canada or the

SERVICES

a merchant do business? How will an Australian Merchant sell European Union?

Luckily,

when

domestic

processors

say

no,

Offshore

processors say yes! They have a different set of criteria for

CREDIT CARD MERCHANT

High-risk Australian Merchants. Being categorized in high-risk

ACCOUNT

processing

GLOBAL MERCHANT ACCOUNT

industries, it doesn’t mean that they will not get any “Business

solutions.

And

opportunities

as

are

said like

by

Richard

buses,

Branson,

there’s

always

another one coming”.

So, if every domestic processor refuses, its time to explore the offshore processor. The outside world is the pool of opportunity, grab It.

MAY 11, 2020

VOL. 02

Why Offshore Solution For High-Risk Australian Merchants?

Because of the leniency offered by the offshore banks, it is best practice to choose an offshore solution for your high-risk merchant services needs. An Australian Merchant looking forward to accepting credit/debit card payments worldwide can open a high risk merchant account. If an Australian merchant chooses a domestic processor, they can withhold funds from your account, close or terminate your account, destroy your credit rating and much worse. They can track you down much easier and sue you for damages if they find any doubtful transaction or any nonpermitted actions. Offshore banks are non-restrictive compared to domestic providers. An offshore provider can only withhold future funds in case you sell questionable products/services.

The Offshore merchant account is the sole option for high-risk Australian merchants selling globally. Echeck Services are also good options for Australian merchants having their clients in the USA. ACH and eCheck services are safe to use and help to keep your chargeback ratio under the prescribed limits. And it is better to have a diversified payment solution; it attracts more customers to your business.

3 Tips For Australian Merchants To Reduce Chargeback And Fraud Like A Pro The Chargebacks Are Always Troublesome for Australian Merchants and sometimes its become a frustrating threat to the business. Here follow our quick guide on how a merchant can reduce the number of chargebacks.

1.

Payment

Descriptor:

Always

use

a

recognizable

descriptor same as your company name. A payment descriptor is what appears in the credit statement report of your customer. If your payment descriptor is different from your company name, there are chances that your customer will raise a chargeback dispute if he doesn’t recognize the purchase. Your payment processor can help you to personalize the payment descriptor. So ensure that your company name matches with the descriptor name to roll out any potential confusion.

MAY 11, 2020

VOL. 02

2. Customer Verification: It is always recommended to use a robust verification method to identify your customer whom you are selling your goods. Use Two-factor Authentication to make sure the legitimate customer makes the purchase. Send an immediate purchase receipt to notify the customer about the purchase.

3. Provide Stellar Customer Service: It is a known fact that when you serve your customer better, they always return on your investment. Excellent customer service can help you to reduce the chargebacks to a large extent. Always Be genuine, be remarkable, be worth connecting with your customer in case of any issue. Clearly define your return or refund policy, follow the strict delivery time and 24x7 customer support. Always try to be proactive in asking the feedback from your customers, and improve the product or service based on their response. Be honour to your commitments, if you guarantee fast delivery, it means you have to. The better is your customer service, the lesser will be the chargebacks. Best of luck and do contact Quadrapay if you require high-risk merchant services to enjoy the convenience of the transaction worldwide.

Suggested Readings https://quadrapay.com/high-risk-merchant-account-australia/ https://quadrapay.com/echeck/ Future Of Payments Trend in payment clearing and setellment system