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Large Digital Goods Merchant

Our Recommendations for The Top Large Digital Goods Merchant Service Providers

  1. Easy Pay Direct
  2. eMerchantBroker
  3. PaymentCloud
  4. Helcim
  5. Dharma Merchant Services

1. Easy Pay Direct

Easy Pay Direct works with e-commerce, high-risk, and retail businesses of all types. Their company was designed in order to make your life easier. EPD will take the time to get to know your business and what it needs in order to make sure they find a merchant processor that's right for your business. Their system was designed in order to make sure the payments you receive are protected against any fraud or chargebacks.

2. eMerchantBroker

eMerchantBroker works with adult, high risk, and retail stores. Whether a business is brand new or has been in business for decades, EMB can provide secure, customized payment solutions. EMB is the nation's #1 high risk credit card processor. They have worked with many companies and know how to get you the correct services that your business needs.

3. PaymentCloud

PaymentCloud works with adults and people who do business with high risks. They will work with low, medium, and high risk merchant accounts. PaymentCloud supplies protection against potential fraud or chargebacks against your business. With PaymentCloud you can get approved for an account instantly to start processing transactions.

4. Helcim

Helcim gives you the world class service that your business deserves. With their 100% transparent transaction processing, you will know exactly where your money comes from and what it is being used for. Helcim offers all of the best modern transaction processing equipment. With just one Helcim account you get unlimited access to all of the tools you need to make your business successful. There is no monthly fee when working with Helcim.

5. Dharma Merchant Services

Dharma will never require a contract to be signed by your business under any circumstances. There are also no hidden fees mixed in with your payments. You will also be offered 24 hour funding along with 24 hour customer support. They will pass 100% of processing fees to credit card paying customers. With Dharma, you can be confident that your transactions are being processed in good hands.

People who offer the best large digital goods merchant account.

You might be in the business of selling big digital goods on the internet. Is this true? If so, and you're looking for a merchant account provider, we're here to help tell you everything you need to know, as well as who you should think about doing business with. There's no doubt that your business is growing. As your sales volume rises, you'll want to make sure that everything is in order so that you can keep taking payments.

If you already use a payment aggregator like Stripe or PayPal, you'll want to read on. Before you make a decision, let's talk about our top picks for large digital goods merchant service providers and everything else you need to know before you make a decision.

What is a Large Digital Goods Merchant Account?

When you run a business, you need a merchant account. This account lets you accept money from customers. An account must be set up by a merchant who wants to sell digital (online) goods. This account is called a digital goods merchant account, and it lets you sell digital goods. if you have this kind of business, and you do a lot of business, you need a big digital goods account.

It's hard to think of a better term for your merchant account. It's a place where your money goes when you make a sale. From there, the right transaction fees and other fees are taken out. Then, the money is deposited into your business bank account.

Types of Businesses That Sell Digital Products Online

There are a lot of businesses that sell digital goods, such as:

  • Gaming websites
  • Website design companies
  • Streaming websites
  • SEO experts
  • Tech support companies
  • VPN merchants
  • Digital download sites
  • Website hosting merchants

It's not just one. There are many more. 

Why Would I Want a Merchant Account Instead of Working with a Payment Aggregator?

If you want to work with payment service providers, or payment aggregators, they are very easy to work with. That's why they're often the first choice for people who sell digital goods. But that doesn't mean they're the right or best choice for these types of businesses. In fact, they carry a lot of risk.

Payment aggregators don't need you to have your own merchant account. They usually charge a one-time fee and don't have long-term contracts. Sounds great, doesn't it? There's a problem, though.

Companies like PayPal, Square, and Stripe all have strict rules against working with businesses that are too risky to work with.

Some merchants might think about not being completely honest about their business models, but this could backfire. If there is an issue with your account, like too many chargebacks in a month, you could have your funds frozen and your account closed.

For example, you might have to wait for a long time to get your money, which isn't good for your business or for you.

Payment Processing Options for Digital Goods Merchants

As a digital goods merchant who sells a lot of digital goods each month, you should know what payment processing options you have. Make your own decision based on what you think will work best for you.

Payment Gateways

The majority of people who sell digital goods use payment gateways to process their money. A very easy way to do this is because the gateway can be linked to your shopping cart. A lot of payment processors will let you use their services under your own name.

That means your brand will be shown on the checkout page, which can help your customers avoid any confusion about what they need to do.

When your customers are ready to pay, they will be taken to a payment form. This is how it works: They'll fill in all of their information and click the "submit" button to finish their payment.

Virtual Terminals

If you run a business like this, a virtual terminal might be better for you. To accept payments with this method, you need to have access to the internet. To do this, you would go to a website and enter your customers' payment information there.

In-App Payments

If your digital goods have an app, you can also get paid. Your payment processor will only need to be able to work with the app's checkout process. As more and more people use their phones for everything, this method makes sense. If you want to use this and one of the other methods above, many merchant account providers can offer both of them.

Why are Large Digital Goods Merchants Considered High-Risk?

Any business that sells digital goods on the internet is called a high-risk business. When there are a lot of sales, the risk goes up even more. There are a few reasons why they are in this group:

  • Any business that makes a lot of sales in a short amount of time runs the risk of having too many chargebacks for those sales.
  • If you buy something digital with your credit card, it's very easy for customers to dispute charges or ask for refunds.
  • All online sales are card-not-present transactions because the customer doesn't swipe a credit card, which makes them more risky.

What to Consider Before Signing a Contract with a Merchant Account Provider

There are a lot of high-risk merchant service providers out there that sound like they might be a good fit after you do some research. You should think about these things before you decide to do business with one.

Prices and Fees

It's important for high-risk businesses to know that any company they use for payment processing is going to charge them more for each transaction than for businesses that are less risky. For each sale, transaction fees can cost up to 6%. It's not unusual for this to happen. There are also other costs to think about, like:

  • Statement fees
  • Monthly fees
  • Fees for the use of a virtual terminal or payment gateway
  • PCI compliance or non-compliance fees
  • Annual fees

It's important to know how much you'll have to pay in fees before you sign a deal. A few to compare can help you figure out what your business needs are and find the best deal.

The Company’s Reputation

Check out each company you're thinking about to see if other businesses have been happy with their service. You can use any of the tips we have here.

Reading reviews on Google Reviews, Facebook, Yelp, and other sites can give you a lot of information about a company's history and how well it is known. Watch what people say about a company. All of those reviews should help you make your choice.

Recurring Payments

Your business might need or want to accept recurring payments, so you should think about that before you start taking them. A game like Clash of Clans might be a good example. You might want to let your customers sign up to get 1000 gems at the start of each month.

To do that, you need to use a payment processor that works well with your business. Keep in mind that recurring payments can help your sales, so this is a good thing to keep in mind.

How to Choose the Best High-Volume Digital Goods Merchant Account Provider

The time has come to choose the company that will give you a merchant account and process your money. Here's what you should look for.

Payment Options

Think that credit and debit cards are the only real payment options you need to think about. You might be wrong. There are other ways to do the same thing, and it's a good idea to think of them. ACH and electronic check payments are also something to think about.

These payments are handled in a different way, and they are thought to be less risky than card-not-present credit and debit card transactions. There is less risk, which means you pay less in fees to process your payment It's also possible that your customers' credit and debit cards will run out of money at some point.

So that doesn't happen, they'll have to change their card information, or you could lose a customer. People usually don't change their bank accounts very often, so with ACH and e-checks, both of them are linked to their bank accounts.

Unless they change their bank, there will never be a need to change anything about this payment method. That means that unless the customer cancels their recurring payments to your company, they will keep going. And any future one-time transactions will go through without a hitch.

Fraud Protection

A lot of digital goods stores have seen a rise in credit card fraud in the last few years Consider the following facts:

  • In 2020, there were more than 1. 3 million reports of identity theft, which is a lot.
  • A lot of people between the ages of 30 and 39 had their identities stolen.
  • During the time from 2019 to now, there was a 44% rise in credit card fraud.
  • As of 2016, at least 2.2 million of the world's people had their personal information stolen or leaked.

People don't want to have to deal with fraud. It's a good idea to choose a merchant account provider that can help you keep your customers' account information safe from fraud.

Chargeback Protection and Prevention

The best merchant account providers for digital goods businesses will have plans in place to protect against chargebacks and to stop them from happening. To help their customers avoid them, they might share some information about what they can do to avoid them.

Some people may even be able to see them before they become "official," giving merchants time to help. There are times when too many chargebacks can lead to your merchant account being shut down. People who work with payment processors should not be afraid to ask them what they can do to help you avoid that.

A Few More Tips Before We Go. . . 

There are just a few more things we want to make clear about how large-scale digital product payment processing works.

Find a Merchant Account Provider That Offers Load Balancing

Load balancing means that your merchant account provider has more than one account for you to use. Those who run a lot of businesses each month should pay extra attention to this. With more than one merchant account, your money is split between them based on what you and your provider decide is best for you and your business.

As long as you don't have too many chargebacks in one account, you don't have to be too worried about your funds being frozen. You still have other accounts that you can use to get your money out of. Your business can stay open while the chargebacks are investigated and any problems are worked out.

Read All Contracts Carefully Before You Sign

Not all merchant account providers have the same terms. Take the time to read each and every contract before you sign it. You're only looking for:

  • When the contract is over, the length of the term.
  • When you cancel your account, this text will tell you what happens.
  • Each time you buy something, you pay a transaction fee.
  • Any fees that you didn't know about during the sales process.

Make Sure the Company You Choose Offers Excellent Customer Support

All the promises in the world can be made by a merchant account provider. But you need to know that someone will help you if something goes wrong. It will, too. Every business has this happen to it. So, will your provider's customer service team be there to help?

Find out how to get in touch with tech support if you need to, if you can. It's possible that the company you choose will set you up with a customer service representative or person you can talk to. You should look for a company that can help you around the clock because your business is unique. Because that way, even if something goes wrong at night, you can be sure that the problem will be fixed quickly.

Our Picks for the Best Large Digital Goods Merchant Accounts

  1. Easy Pay Direct
  2. eMerchantBroker
  3. PaymentCloud
  4. Helcim
  5. Dharma Merchant Services

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