Merchant Services Provider PaymentCloud Fills Gap in Recharge’s Payment Processing Options for High-Risk Merchants
Jun 7, 2022 07:00 PDT
LOS ANGELES, June 7, 2022 (Newswire.com)
PaymentCloud has announced a partnership with Recharge, enabling it to provide payment processing services for high-risk merchants who may have been turned down by other processors. The partnership helps open doors for merchants who would otherwise be unable to utilize Recharge’s program to sell their subscription-based products and services.
Recharge is the leader in subscription processing for merchants looking to capitalize on continuity sales. The company offers robust integrations for all of the major eCommerce platforms, as well as an API that enables merchants to develop processes tailored to their unique subscription sales needs. Recharge has also been widely praised for its powerful customer portal, which utilizes SMS notifications and email to keep customers informed about upcoming charges, payment issues, and more.
Competitive rates, seamless integrations, and superior customer service have made PaymentCloud a key figure in the merchant services arena. The company’s flexible and advanced program for high-risk merchants is unrivaled by other processors, making the pairing of PaymentCloud and Recharge incredibly powerful.
“Recharge is a desirable platform for subscription-based merchants but, prior to our partnership, it was difficult for high-risk merchants to be able to utilize their services. It’s exciting to be able to fill that gap for those merchants so they can benefit from reliable payment processing on Recharge’s innovative platform,” says Michael Kieffer, Director of Partnerships for PaymentCloud.
There are countless reasons a business may be considered high risk, including its industry, transaction sizes, and the offering of continuity subscriptions. Many of the contributing factors are so common that merchants may not even realize their business is considered high risk until they attempt to obtain a merchant account from a traditional banking institution.
Since its inception, PaymentCloud has established itself as an innovator in payment processing. With over 100 employees, this dynamic group of payment professionals facilitates credit card processing for merchants spanning a multitude of industries. An easy application, transparent approval process, and countless integration options set PaymentCloud apart.
The Recharge platform caters to merchants who offer subscription-based products or services. To date, it is utilized by over 15,000 brands to quickly enable subscription offers while reducing customer churn and boosting brand loyalty.
Source: PaymentCloud, Inc.