Merchant Account Services: Secure Payments With Fibonatix

As a high-risk business owner, finding the right merchant account services provider is crucial to ensuring smooth and secure credit card processing.

At Fibonatix, we understand that managing payments can be a complex task, which is why we offer comprehensive merchant account services to simplify the process for you. From credit card processing to payment gateways and virtual terminals, we have everything you need to streamline your payment processing and grow your business.

How Do Merchant Services Work?

Merchant services involve the process of accepting credit card payments from customers. Once a customer makes a purchase using their credit or debit card, the payment is processed through a merchant account service provider like Fibonatix. Funds from the transaction are then deposited into the business’s bank account, minus any fees or markups charged by the payment processor.

With the increasing prevalence of online transactions, securing payments has become more important than ever. At Fibonatix, we prioritise the security of our clients’ transactions by providing advanced fraud detection tools and industry-standard encryption to protect sensitive data. Our secure payment gateway and virtual terminal ensure that your customers’ information is safe, giving them peace of mind while making online payments.

Challenges Facing High-Risk Merchant Accounts

High-risk merchant accounts come with several challenges that can complicate payment processing and overall business operations. These challenges require careful management to ensure smooth and compliant transactions. Some of the key issues include:

 

  • Chargebacks: High-risk industries such as CBD, online gaming, and nutraceuticals often face higher rates of chargebacks. Frequent chargebacks can lead to costly fees, account freezes, or even the termination of merchant accounts.
  • Regulatory Scrutiny: Businesses in high-risk sectors are subject to stricter regulations and oversight. This can result in higher processing fees, more frequent account reviews, and the need for enhanced compliance measures to avoid penalties.
  • Increased Costs: Due to the perceived risk, financial institutions often charge higher fees for processing payments, making it more expensive to maintain a high-risk merchant account.
  • Maintaining Customer Trust: Customers may be hesitant to share their payment information with high-risk businesses, making robust security measures and transparent practices essential to building and retaining trust.

 

Fibonatix offers tailored solutions that help high-risk merchants navigate these challenges, providing secure and reliable payment processing to support business growth.

  • Supports Global Target Markets

    Our payment processing services can support businesses targeting global markets, helping you accept payments from customers around the world.

  • Intuitive Monitoring Dashboard

    Easily monitor your transactions and analyse sales data in real-time with our dashboard. To make more informed business decisions.

  • PCI DSS Compliant

    Our payment processing services are fully PCI DSS compliant. Customer data is securely protected and transactions are processed in accordance with industry standards.

  • Accept Leading Card Brands

    Accept payments from leading card brands such as Visa, Mastercard, and American Express for a convenient and secure payment experience.

  • Business Intelligence Capabilities

    We’re proud to provide businesses with valuable insights into sales data and customer behaviour, helping you drive growth and increase revenue.

What Should You Look For in a Merchant Services Provider?

When choosing a merchant account service provider, there are several factors to consider. Look for a provider with transparent pricing and reasonable rates, including low monthly fees and transaction fees. Additionally, consider the level of customer support and service provided by the merchant account provider.

At Fibonatix, we are dedicated to providing personalised support and service to our clients, ensuring that all their payment processing needs are met.

We’re Designed For the UK & EEA

Fibonatix offers merchant account services specifically tailored to meet the unique needs of businesses operating in the UK and EEA. Our solutions are designed to ensure compliance with regional regulations while providing seamless and secure payment processing. 

Whether you’re navigating the complexities of GDPR, managing cross-border transactions, or dealing with the diverse payment preferences of European customers, our services are optimised to support your business growth. With Fibonatix, you can confidently expand your reach across the UK and EEA, knowing that your payment processing is both reliable and compliant.

Key Industries Fibonatix Serves

  • Pharmacy

  • CBD

  • Adult

  • e-Cigs, Vapes, & e-Liquds

  • Online Dating & Dating Sites

  • Nutraceuticals

  • Supplements

Speak to Our Payment Experts Today

In this day and age, every company needs an account specifically for making and taking business-related payments. With our help, you'll be equipped to accept all major forms of modern electronic payment.

—   Tal Milleer, CEO

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Discover our blog and find out why we’re recognised as leading global payment specialists. Tips, news, and insights about the latest Fintech trends, solutions, events, considerations, and challenges.

How Fibonatix Can Help Simplify Your Payment Processing

At Fibonatix, we understand that managing payments securely is crucial for high-risk and small businesses. That’s why our merchant account services offer a range of features to simplify payment processing. Our virtual terminal enables merchants to accept credit card payments through any device with an internet connection, and our payment gateway integration allows for easy online credit card processing.

 

Plus, our platform provides robust data reports to help you track payments and make informed business decisions. Our system also allows for payment links to be sent directly to customers, making payment collection a breeze. With Fibonatix, customer management is simple and efficient, with tools to manage payment information, subscriptions, and recurring billing.

Payment Solutions With Fibonatix

We offer a comprehensive suite of payment solutions designed to meet the needs of high-risk businesses across a range of industries. View our bespoke solutions below and discover how you can achieve your online payment processing goals.

  • Payment Gateway Solutions

    Utilising state-of-the-art technology, our payment gateway solutions provide eCommerce businesses with comprehensive support for a wide range of payment features.

  • POS Terminals

    Our Chip and PIN and Contactless card payment terminals offer a complete payment solution that ensures a seamless, global buying experience for your customers.

  • Payment Consulting

    Our expert advisors provide customized solutions for secure and efficient payment processing, helping businesses increase revenue and reduce risk. Gain peace of mind and the freedom to focus on growth.

  • Payment Processing Solutions

    Our secure and reliable platform offers seamless payment processing for businesses of all sizes, with flexible integration options and competitive rates.

  • Credit Card Processing

    Our streamlined credit card processing solution is specifically designed for high- risk industries, providing increased payment flexibility and reduced transaction costs. We offer hassle-free credit card payments that will save you time and money.

News & Resources

Want To Learn More About Our Merchant Account Services?

To learn more about how Fibonatix’s merchant account services can help your business thrive, browse our FAQs or contact us today to speak with one of our experts.

FAQS

  • What types of businesses can benefit from merchant account services?

    Merchant account services are beneficial for businesses of all sizes and industries, especially those in high-risk sectors such as e-commerce, online gaming, CBD, nutraceuticals, and adult entertainment. These services enable businesses to accept credit and debit card payments securely and efficiently, helping to drive growth and customer satisfaction.

  • How easy is it to open a merchant account service?

    Opening a merchant account service with Fibonatix is a straightforward and hassle free process. Our team of experts will guide you through the process, ensuring you have everything you need to get started quickly. To apply for a merchant account, simply fill out our online application form, provide the necessary documentation, and wait for approval.

  • How long does it take to set up a merchant account with Fibonatix?

    Setting up a merchant account with Fibonatix is a straightforward process that typically takes between 3 to 5 business days, depending on the complexity of your business and the necessary documentation. Our team will guide you through each step to ensure a smooth and efficient setup.

  • What documents are required to open a merchant account?

    To open a merchant account, you’ll need to provide business registration documents, identification for business owners, bank account details, and potentially additional documentation depending on your industry. Our team will provide you with a detailed list during the application process.

  • Can Fibonatix handle high transaction volumes?

    Yes, Fibonatix is equipped to handle high transaction volumes, making it an ideal choice for businesses experiencing rapid growth or those operating in high-risk industries. Our scalable solutions are designed to support your business as it expands.

  • What contactless payment solutions are available?

    At Fibonatix, we believe in transparency when it comes to pricing. We offer competitive rates and pricing with no hidden fees or markups. Our merchant account service fees are straightforward, with no surprise charges or monthly fees. We work with our clients to find the best pricing and payment processing solutions for their business needs.

  • Are there any hidden costs or fees associated with merchant services?

    At Fibonatix, we believe in transparency when it comes to pricing. We offer competitive rates and pricing with no hidden fees or markups. Our merchant account service fees are straightforward, with no surprise charges or monthly fees. We work with our clients to find the best pricing and payment processing solutions for their business needs.

  • What support can businesses expect from Fibonatix?

    At Fibonatix, we believe in transparency when it comes to pricing. We offer competitive rates and pricing with no hidden fees or markups. Our merchant account service fees are straightforward, with no surprise charges or monthly fees. We work with our clients to find the best pricing and payment processing solutions for their business needs.

  • Can I customise my payment processing solutions with Fibonatix?

    Absolutely. Fibonatix offers customizable payment solutions tailored to your business needs. Whether you require specific payment gateway integrations, unique billing setups, or bespoke fraud prevention strategies, our team will work with you to create a solution that fits your business perfectly.

  • What is PCI DSS compliance, and why is it important?

    PCI DSS (Payment Card Industry Data Security Standard) compliance is a set of security standards designed to protect cardholder data. Being PCI DSS compliant is crucial for any business that processes credit card payments, as it ensures that customer payment information is handled securely and reduces the risk of data breaches.

  • What support can businesses expect from Fibonatix?

    Fibonatix is committed to providing excellent customer support to our clients. We offer dedicated support to help businesses navigate the complexities of payment processing. Our team is available to answer any questions or concerns you may have about your merchant account service, credit card processing, or payment gateway. We also provide resources and tools to help you manage your account, including a virtual terminal and online reporting.

  • What is the difference between a merchant account and a business bank account?

    A merchant account is a type of bank account that allows businesses to accept credit cards, debit cards, and other forms of electronic payment. A business bank account, on the other hand, is a standard checking account that businesses use to manage their finances.

  • What is tokenization, and how does it benefit my business?

    Tokenization is a security process that replaces sensitive payment data with a unique identifier or “token.” This process reduces the risk of data breaches and ensures that your customers’ payment information is protected, offering peace of mind for both you and your customers.

  • Can I use my existing bank account for merchant services?

    In most cases, businesses will need to open a separate bank account specifically for their merchant services. This is because the funds from credit card and debit card transactions are typically held in a separate account before being transferred to the business’s main account.

  • What are the benefits of using a virtual terminal?

    A virtual terminal allows businesses to process credit and debit card payments through any device with an internet connection. This flexibility is particularly useful for remote transactions, over-the-phone sales, or businesses that don’t operate in a traditional retail environment.

  • Can I accept international payments with Fibonatix?

    Yes, Fibonatix supports businesses that need to accept international payments. Our payment processing solutions enable you to accept a wide range of currencies and payment methods, allowing you to cater to a global customer base.

  • What are payment processors and how do they work with merchant accounts?

    Payment processors are companies that handle the technical aspects of credit card and debit card transactions. When a customer makes a purchase using their card, the payment processor verifies the transaction and sends the funds to the merchant’s merchant account. From there, the funds are typically transferred to the business’s bank account.

  • What is an internet merchant account and do I need one for online payments?

    An internet merchant account is a type of merchant account that specifically allows businesses to accept payments online. While it is possible to accept credit cards and debit cards without an internet merchant account, businesses that process a significant volume of online transactions may benefit from having one.

  • How does Fibonatix handle chargebacks?

    Fibonatix offers robust chargeback management tools to help you minimise disputes and manage chargebacks effectively. We work with you to identify the root causes of chargebacks and implement strategies to reduce their occurrence, safeguarding your revenue.

  • How does Fibonatix ensure the security of my transactions?

    Fibonatix prioritises security by using industry-leading encryption and fraud detection tools. Our payment processing services are fully PCI DSS compliant, ensuring that your customers’ payment information is protected at every step of the transaction process.

  • What kind of customer support can I expect from Fibonatix?

    Fibonatix provides dedicated customer support to help you navigate any issues or questions you may have about your merchant account services. Our support team is available to assist with everything from technical inquiries to optimising your payment processing setup, ensuring your business runs smoothly.