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Question High Risk Merchant Account at HighRiskPay.com information please?

#41
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bubbledouble said:
You need someone that know them to get customer support in sales smi(&% sounds very reliable for my money
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Since 2023, PMAX has faced staffing shortages despite receiving a high volume of applications. Many of these applications are either spam or remain pending indefinitely (often due to the applicants' lack of interest or other client-related issues....etc)
fintel said:
Maybe you could enlighten us - in which country is Payermax located? Is there any reason their website has no contact information?
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The company is based in Singapore and holds licenses in Hong Kong, Indonesia, Singapore, and China
benbao said:
Judging from what they write on their website I would guess an operation based in indonesia, incorporated in Hong Kong and mostly running off the extended alipay network
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Singapore.

And they have their own partners, for example in USA, they work directly with discover, amex...etc, in china, it's true that they work with Ant group in general, like most FI in that region, However, for other Asian regions, they leverage their own licenses to partner directly with card networks
 
#42
That means PMAX only accept companies form regions in ASIA not Europe ?
 
#43
JohnLocke said:
That means PMAX only accept companies form regions in ASIA not Europe ?
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They accept countries within the EU and, in fact, extend support to most countries globally. However, there are specific prerequisites that must be satisfied to proceed in certain international regions.

A useful use case for example, for a forum like this, which has members from all over the world, it makes sense to provide them local/alt payment methods that they are comfortable with while you also get settled in your preferred currency, it increases customers retention and auth rates massively.
which is a key reason many of my clients opt for PMAX and flutterwave.
 
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#44
ActionMan said:
However, there are specific prerequisites that must be satisfied to proceed in certain international regions.
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Please elaborate and give some examples?
 
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#45
Has anyone here had experience with this particular high risk payment processor, highriskpay.com especially regarding their reliability and the integration with WordPress plugins?

Given the acceptable terms of payouts, holdback, and processing rate, how can I ensure that choosing this payment processor won't jeopardize my business or financial security, especially considering the high-risk nature of my business?
 
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#46
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#47
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#49
JohnLocke said:
Please elaborate and give some examples?
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For example, if you wish to incorporate UnionPay, Alipay, or WeChat as payment options, it's necessary to establish an entity in Hong Kong. Additionally, processing card transactions for specific countries may require you to have either an entity in the respective region or a partnership with a company there. both options are doable and very easy to do.
 
#51
ActionMan said:
Since 2023, PMAX has faced staffing shortages despite receiving a high volume of applications. Many of these applications are either spam or remain pending indefinitely (often due to the applicants' lack of interest or other client-related issues....etc)
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at least they could tell people if they are approved or declined.
 
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#52
#54
alain said:
Do you know if they accept Delaware or New Mexico LLC's owned by non US citizen but have ITIN number?
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As they responded to me, they do, but the email I received seemed more like a standard email than something written by someone who had thoroughly read through everything. However, I have sent them another email to get clarity.
 
#56
lory said:
Have applied for an account with them with ITIN and US LLC - will report back if they are doing processing for our business.
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Do you know if they approved all your documents right a way ?
 
#57
We have been working with this processor for almost a year now and it's incredibly cumbersome and seems like they don't really have control over their gateway. We only run a small business through it with a turnover of 120K USD - if you want to use this service, be prepared for hassle and extra unnecessary work.
 
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#58
Thank you for your review, is the company foreign owned with one you applied for the account with this payment processor?
 
#59
koohl said:
We have been working with this processor for almost a year now and it's incredibly cumbersome and seems like they don't really have control over their gateway. We only run a small business through it with a turnover of 120K USD - if you want to use this service, be prepared for hassle and extra unnecessary work.
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did you find local US nominees for the company in US - where do you setup the company?
 
#60
koohl said:
We have been working with this processor for almost a year now and it's incredibly cumbersome and seems like they don't really have control over their gateway. We only run a small business through it with a turnover of 120K USD - if you want to use this service, be prepared for hassle and extra unnecessary work.
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you are still satisfied with them ?
 
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