Our Team has 20+ Years of High-Risk Payment Processing Experience
We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category. We have a diverse array of solutions per business type unlike anyone else in the industry.
- 24-48 Hour Payouts
- Lowest Rates, Multiple Bank Approvals
- Fast Approvals
- 100% Digital Application
Secure Payment Processing
In 3 Simple Steps
Complete our quick and easy online application
Digitally sign applications using your mouse
Securely upload supporting documents
Applications are sent to all banks that have pre-approved you
Banks will review and determine a processing limit
Daily updates sent with additional documents and final approvals
Payment Gateways are activated
Integrate your Payment Gateway with the backend of your site
Start accepting payments from your customers immediately
Magazine Subscription Merchant Accounts
Why Are Magazine Sales Merchants High-Risk?
Magazine subscription services often take payments over the telephone or online, this is another reason that banks and payment processors consider this industry high-risk. Taking payments over the telephone or online makes merchants vulnerable to credit card fraud, as they’re unable to confirm the identity of their customer by asking for identification.
Lastly, magazine sales merchants are considered high-risk by traditional banks and payment processors because they are usually third-party sellers. This means that most of these companies are selling subscriptions on behalf of a distributor and are not shipping the product themselves. This gives the merchant little to no control over shipping and ensuring the customer receives their orders on time or even at all.
Magazine Sales Merchant Accounts
Award-Winning Fraud Protection Tools
Chargeback Alerts & Disputes
With PayDiverse’s chargeback alert system, merchants are notified in real-time whenever a chargeback is initiated on their account. This gives them the opportunity to dispute the chargeback by producing evidence of the customer’s consent for the transaction to their payment processor and bank, as well as to the customer’s credit card provider. PayDiverse provides expert advice and support to all merchants throughout the dispute process.
At PayDiverse, our magazine sales merchant accounts are set up with a minimum of four sponsor banks, which may be in the United States or offshore. Payments are always processed evenly across all accounts, reducing the risk of exposure and therefore lowering chargeback ratios.
Offshore Payment Processing
Apply for a Magazine Sales Merchant Account
To apply for magazine subscription payment processing services with PayDiverse and take advantage of all the features mentioned above, please complete our secure online application. Upon approval, we can have you set up with our payment gateway and all other account features within 48 hours.
Diverse Payment Processing is Smart Processing
Fill out our free and quick merchant account application and let us match you with many banks that want your business.