Web-Merchant Services is an independent payment provider with almost two decades of experience in the industry.
Web-Merchant Services operates with no shareholders to satisfy, and its staff receives salaries instead of commissions. This enables them to prioritize their clients’ needs and provide payment solutions that cater to their specific business requirements.
Web-Merchant Services has its sales and administrative headquarters located in Kingston upon Hull, with processing offices in Cambridge and Amsterdam. They also have partnerships with major banks worldwide. This strategic location enables them to efficiently process online and MOTO payments for various industry sectors around the world.
Prices/Rates
Web-Merchant Services provides transparent pricing with fixed rates for all consumer cards (Visa, Mastercard – debit and credit). You’ll get one single fixed rate and pay without hidden fees and conditions.
The company also confirms all costs and fees before requesting more detailed application documents.
Web-Merchant Services takes into account various factors, such as processing volume, business type, country of incorporation, and turnover, when determining fees. You can learn the exact rate for your company by submitting an online application. They don’t provide prices over the phone.
Medium to High-Risk Account
Web-Merchant Services offers payment processing solutions for medium to high-risk businesses worldwide. The set-up fee and monthly fee for high-risk businesses are to be confirmed (TBC), while the processing fee starts from 4% and the transaction fee from 15p. The payout is made daily, and a free virtual terminal is provided.
Very High-Risk Account
For very high-risk businesses, the set-up and the monthly fees are also to be confirmed, while the processing fee starts from 10%, and the transaction fee is 20p. The payout is daily, and a free virtual terminal is provided.
Gaming Account
For gaming businesses, both established and new, the set-up fee and monthly fee are also to be confirmed. The processing fee starts from 5%, and the transaction fee varies. Likewise, the payout is daily, and a free virtual terminal is provided.
Accounts
High-Risk Account (Medium-High Risk)
Web-Merchant Services also offers high-risk merchant accounts and payment gateway solutions for businesses in need of reliable high-risk payment processing.
They consider a wide range of businesses worldwide as clients, offering all their services within a single account.
Minimum Monthly Processing Amount
Web-Merchant Services usually require a minimum monthly processing amount to cover the cost of maintaining a high-risk merchant account. For start-ups, this amount is estimated, while for established businesses, it is based on their previous processing history. The minimum monthly processing typically starts from £10,000 per month.
High-Risk Industries
Some of the industries Web-Merchant Services considers high-risk are nutraceutical, networking, CBD and hemp oil, forex trading, gaming, credit repair, e-cigarettes, and country visa applications.
Offshore Acquirers
Unlike banks and card schemes, Web-Merchant Services provides high-risk solutions for industries like cannabis and MMJ, pharma, kratom, research chemicals, binary and forex, salvia, male enhancement, peptides, and other legal highs.
Web-Merchant Services establishes merchant processing services through offshore acquirers for industries that face significant financial risk and liability or a lack of willingness from banks that don’t want to associate with them due to reputational reasons.
However, certain higher-risk industries may require a minimum processing amount, typically around $10,000 per month. These industries include cannabis and MMJ, pharma, kratom, research chemicals, binary and forex, salvia, male enhancement, peptides, and other legal highs.
Aggregated Account (Very High Risk)
Web-Merchant Services provides a high-risk merchant account and payment gateway solution for businesses that banks and card schemes do not allow due to high levels of financial risk or liability, or reputational reasons. They work with offshore acquirers to set up merchant processing for many high-risk businesses.
Fast Approval and Limited Documents
The approval process is fast, with limited documentation required. And only a 10% reserve is required. By simply providing a URL and completing a one-page application, businesses can obtain full approval along with back-office and integration logins in just one to two days.
Additionally, settlements are made in 24 hours with a $5,000 minimum wire.
High-Risk Industries
Industries that are considered high-risk include cannabis and MMJ, research chemicals, kratom, peptides (USD only available), binary options, unlicensed forex trading, pharma, male enhancement, and salvia.
Gaming Account
Web-Merchant Services offers payment solutions for online gaming businesses worldwide, backed by considerable expertise and experience in the gaming industry.
Dedicated Gaming Acquiring Partners
With their gaming acquiring partners, the company provides everything you need to accept credit and debit card payments, process repeat and deferred payments, manage refunds, and pay out winnings in one easy-to-use and customizable platform.
Licensed or Unlicensed Businesses
The gaming merchant account is available to merchants who either possess a gaming license or can operate without one (unlicensed) and is subject to terms and conditions and applicable laws.
Accepted Gaming Sectors
Accepted Gaming Sectors include casinos, bookmakers, prize draws or similar, games of skill, internet sports books, reverse & penny auctions, and small lottery syndicates.
Other Features
Web-Merchant Services also provide powerful risk management tools, multi-currency acceptance, PCI DSS specialism, anti-fraud systems, multiple acquirers in one solution, and payment solutions adapted to your needs.
Additionally, they offer a full reporting interface, transaction optimization, and 24/7, 365 days year support, as well as support for gaming operators.
High Volume / Corporate Account
Web-Merchant Services’ corporate and high-volume solutions are for large organizations across a range of industries in the private and public sectors, including retail, government, education, finance, and insurance, which includes both low-risk and high-risk industries.
They offer a broad range of supported payment types and targeted billing options.
The payment processing options are flexible – you can process payments in real-time, batch or deferred processing, in most currencies and any language. Plus, the system can integrate with any platform, sales environment, CRM, or ERP.
Web-Merchant Services offer anti-fraud solutions and can also help you plan, implement, and optimize your payments strategy with their professional services.
Services Overview
eCheck and ACH Payments
Web-Merchant Services recommends using their non-VISA acquired eCheck solution alongside traditional online payment methods for medium-risk and high-risk businesses that face the risk of being shut down by Visa. This dual approach helps mitigate risks and minimizes the potential for disruptions to business operations.
An eCheck is a digital counterpart of a regular paper check. The payment is drawn from the buyer’s bank account. It’s similar to a paper check but with added processing speed. By using an eCheck, your customers won’t have to fill out a paper check manually and then physically send it to you. It’s a more efficient way of transacting checks, as all of the eCheck processes happen electronically.
With an eCheck, money is electronically withdrawn from your customer’s account and deposited into your checking account. Because the payment must be confirmed and authorized by the customer, it means chargebacks are drastically reduced.
Web-Merchant Services offers an eCheck and ACH payment solution, so you can easily get paid by your US customers no matter where your business operates.
You can activate the e-Check processing account in just 10 minutes, with the added assurance that it is not affiliated with VISA and, therefore, it cannot be shut down by them.
Integration Options
You can integrate the check program on your site to accept checks from US customers. Once the eCheck is accepted, it will be verified and processed and then deposited into your chosen bank account.
The Pay Online service is designed to enable all your customers to send you a payment anytime. To receive a payment, you do not have to speak with your customer, just ask them to click on the Pay Online icon and follow the instructions.
Fees
Web-Merchant Services offers competitive pricing for eCheck and ACH payments, which can be confirmed once you submit an online application.
Business Tools
They offer free business tools such as a virtual terminal for MOTO, recurring billing capabilities, reporting tools, and batch processing.
Security
The merchant account and payment gateway feature a unique “Risk Rules Engine” created to reduce fraud across all payment methods. This engine includes geo-IP blocking, velocity triggers, customized AVS triggers, as well as country and region blocking.
The payment processing system also includes several fraud prevention tools and features such as Address Verification System (AVS), CVV and CVV2 match, positive and negative databases, geo-IP address verification, BIN lookup, velocity checking, phone number verification, device fingerprinting, and cardholder authentication.
The gateway accommodates transactions from merchants participating in the 3-D Secure programs, a standardized protocol developed by Visa and MasterCard to enhance security for online transactions. This safeguards against fraud-related chargebacks at the point of purchase and guarantees that only the actual cardholder can use the card for online purchases.
No Long-Term Contracts
Web-Merchant Services does not enforce long-term contracts, allowing clients to cancel anytime with 30 days’ notice.
The Merchant Support Area
The company’s platform is available 24/7 for clients to manage their accounts and request support if necessary.
Integration
The complete API allows you to accept card payments directly on your site.
The hosted payment page is another option that works on almost any platform. With a single HTML link, information can pass between your site and theirs. This option also eliminates the need for an SSL certificate and reduces PCI considerations.
Mobile and app payments are also supported with mobile SDKs available for Android and iOS.
Company History
Web-Merchant Services is a UK-based company that offers merchant services for businesses across different industries worldwide. The company has sales and administrative headquarters in Yorkshire and processing offices in both the US and UK. Web-Merchant Services has platinum-accredited partnerships with several major banks across Europe, the UK, and worldwide, which enables it to process online and phone payments (MOTO) for businesses globally.
In the early days, Web-Merchant Services was the only company in the UK to offer online merchant services. Even high-street banks were skeptical of online payments until the late 1990s and early 2000s. However, the company formed strategic partnerships with banks like KLELine, NatWest, RBS, and several other acquiring banks in Europe and worldwide, which helped to cut through the red tape even further.
In the 2000s, Web-Merchant Services agreed to deal with several European and worldwide acquiring banks, enabling it to process payments for all European merchants and their customers. More recently, the company joined forces with a major worldwide payment provider, allowing it to process payments for merchants and their customers worldwide, including countries in Asia, Africa, the Middle East, North America, South America, and Australia/Oceania.
User Reviews From Around the Web
Unfortunately, there aren’t any online reviews of Web-Merchant Services from external sources other than the ones on the company’s website. As a result, it’s tough to give an accurate Merchant Machine score based on such limited information.
Web-Merchant Services User Reviews
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