PayZang Announces Payment Processing Services For High Risk Industries
Salt Lake City, Utah (PRWEB) July 24, 2013 -- PayZang can help high risk merchants with payment processing. PayZang has a suite of products targeted towards high risk industries for the two most popular payment channels, Card and ACH. In addition, PayZang offers Virtual Check to high risk merchants that cannot be underwritten for Card and ACH merchant accounts. PayZang aims at making it easier for a merchant’s customer to pay while preventing fraud and minimizing risk associated with non-collection of funds.
High risk merchants are typically merchants who have a high customer turnover rate, above industry average chargebacks or simply poor credit history. Some examples of high risk industries are: Law firms specializing in loan modification, collections, finance, debt reduction, debt consolidation, multi-level marketing, travel, pharmacy, online auctions, online dating services, ISP or hosting services etc.
PayZang caters to all business type as long as they are legal. PayZang has developed two different kinds of products to address the needs across the spectrum. PayZang understands that every business is different and that every business has to have the right kind of merchant account suited to its risk profile to create a long-term solution. The two account type listed below highlight the different kinds of offering PayZang has.
Standard Features of PayZang Card and ACH Accounts: PayZang’s Card and ACH accounts come with cutting-edge technology. Some of the feature highlights are:
- Virtual Terminal
- Hosted Online Payment Page
- Comprehensive Reporting
- Flexible API with sample code in all popular languages
- Recurring Payments
- Future Payments
- PCI/DSS compliant
Standard Features of Virtual Check Accounts:
Virtual Check is a new way to accept payments securely over the phone or online. Virtual Check is based on CheXshield, the gold standard in check and ACH verification that prevents fraudulent checks from being accepted by merchants. Virtual Check is designed specifically to help the following industries:
1. Collections
2. Loan modifications
3. Credit repair
4. Multi-level marketing
5. Travel
6. Time share telemarketing
7. Payday loans
8. Electronic cigarettes etc.
How Virtual Check helps high risk merchants?
- Virutal Checks are processed in real-time and deposited the same day into a merchants bank account.
- A business never has to see, touch or deposit a single virtual check.
- A secure and fully featured virtual terminal is included for manually processing checks.
Which high risk industry is best served by Virtual Check?
Virtual Check is available to just about any type of US-based business, no matter how large or small the merchant is. It can be used for payment towards any product or service.
Virtual Check Sweetspot: A new merchant can establish a payment processing history using Virtual Check. This is because VirtualCheck is based on CheXshield. CheXshield’s proprietary internal analytics can help establish higher risk merchants retain banking relationships and allow business continuity from payments standpoint.
About PayZang:
PayZang provides superior, cutting-edge payment processing solutions for business owners, online merchants, and even brick-and-mortar operations regardless of the size of their business. Developed to supply reliable and user-friendly on-demand merchant services, PayZang offers solutions such as a customizable pay-as-you-go model that works with its intuitive suite of merchant tools for handling payment processing needs across a wide range of industries. For more information about PayZang’s merchant services and products, visit http://www.payzang.com or contact an authorized consultant through the website’s online contact form.
Chris Fleisch, PayZang LLC, http://www.payzang.com, 800-838-8651, [email protected]
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