PayKings Introduces Premier High-Risk Merchant Processing Solutions for Seamless Approval
15 Julio 2024 - 2:48PM
PayKings, a payment processing service, has introduced products
aimed at businesses needing assistance to obtain standard merchant
accounts. The company’s new solutions target enterprises in
industries that many financial institutions consider high risk.
Established in 2011, PayKings has since expanded its sales in
the merchant processing sector and proudly earned a place on the
Inc. 5000 list. The company’s team boasts over 50 years of
experience in payment solutions, specializing in assisting
businesses that might face challenges in obtaining credit card
processing services.
"We've seen how many legitimate businesses struggle to find
reliable payment processing," said Kyle Hall, Chief Executive
Officer at PayKings. "Our expanded services are a direct response
to the gaps we've observed in the market."
A high risk merchant account is generally required for
businesses engaged in industries such as online gambling, dietary
supplements, vitamins, subscription businesses, and travel-related
industries. These sectors often face challenges when obtaining
credit card processing functionality due to
elevated chargeback risk or compliance concerns.
PayKings' new products include organic underwriting strategies
tailored to the specific needs of high-risk businesses. The company
has also developed advanced fraud identification measures and
chargeback prevention methods to deliver better results for
clients.
"Every business deserves a fair shot at growth," Hall added.
"We're not here to judge industries. Our job is to facilitate
secure, efficient payment processing for legitimate businesses,
regardless of their risk classification."
The application process for PayKings' high risk merchant
account involves a detailed review of each business. While
this process is thorough, the company aims to make it as
straightforward and seamless as possible for applicants who often
see same or next day approvals.
Connor Haynes, owner of an online vape shop, shared his
experience: "I was really impressed with how quick and easy it was
to get started with PayKings. The approval process was
straightforward, and their support team was very helpful in
answering all my questions. Now, I can focus on growing my business
without worrying about payment processing issues."
PayKings emphasizes its commitment to compliance with all
relevant regulations in the payment processing industry. The
company maintains relationships with multiple banking partners,
allowing it to offer diverse solutions for different business
needs.
In addition to its core services, PayKings has expanded its
educational resources. The company's website now features a series
of articles and guides about high risk merchant accounts, credit
card processing, and the broader landscape of payment solutions for
challenging industries.
”We would like our clients to take charge and be more in
control,” explained Kara Hall, PayKings’ Vice President of
Operations. “People who created these industries have insights that
make it invaluable to them to know the nuances of payment
processing, particularly in such a risky business.”
As e-commerce grows rapidly PayKings believes that the role of
specialized merchant processors will be more
crucial in the future. Technology and human resources are areas
that the company is allocating resources to to achieve the
objectives of the industry.
Businesses interested in learning more about PayKings' high risk
merchant account services can visit the company's website or
contact their customer service team for a consultation.
About PayKings:
PayKings is a merchant processing company targeting higher-risk
merchants. Based in St. Petersburg, Florida, the company caters to
clients in North America only. PayKings aims to make payment
solutions available and efficient for any business it engages with
while adhering to all legal requirements to ensure the safety of
customers’ information.
Disclaimer: Forward-looking statements herein
are subject to risks and uncertainties. Actual results may differ
from those projected. PayKings does not guarantee account approval.
This information is not financial advice. Seek professional
guidance for your specific business needs.
Media Contact
Name: Kara HallCompany:
PayKingsEmail: kara@paykings.comPhone
Number: (877) 546-0331Address: 433
Central Ave, St. Petersburg, FL 33701Website:
https://paykings.com