High risk business payments are often a big concern for high risk industries such as online pharmacies, telemarketing, adult entertainment, online gaming, airlines, travel, and vacation services.

This brief video explainer should help high risk merchants learn more about fintech payment services and high risk payment providers.

Let us summarize.

High risk businesses have two options for payment processing: Payment Services Providers or PSPs and Independent Sales Organizations or ISOs.

Both PSPs and ISOs have the following payment solution components: Payment processor, Payment gateway, Merchant account, and Merchant services.

All these components serve a purpose and operate differently in each of the mentioned payment options, as demonstrated in the video.

What are the key benefits of PSPs and ISOs?

PSPs provide an all-in-one platform with reduced credit checks, no minimum or maximum transaction volume limits, and a small rolling reserve for chargebacks.

ISOs offer customized options with mixed providers and services, full account control, easy account integration, and no maximum transaction volume limit.

Which payment option is suitable for your business?

PSPs are best fit for startups, and mid-sized businesses while ISOs are an excellent match for established companies and enterprises.

As an experienced high risk merchant account and payment gateway provider, CCBill can help you manage successfully your high risk business payments.

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