PayCly Blog

Merchant Account

A merchant account is one of the fundamental needs for an online business to accept online payment via credit card and other payment modes. It is similar to a business bank account as it allows you to take, hold and withdraw payments that you receive from your clients. This payment is usually received for the goods and services you provide. Banks, financial institutions, and payment service providers (PSPs) can provide a merchant account. But the reality is that banks and traditional financial institutions only provide merchant accounts for low-risk businesses.

Yes, you read it right, they only provide merchant accounts for low-risk businesses, and we would like to inform you that almost all online businesses are considered high-risk businesses. And banks and traditional financial institutions do not provide their business accounts to merchants dealing in an online casinos, forex, online gambling, fantasy gaming, escort, adult toys, etc. These businesses face discrimination by banks and FIs. But you do not need to worry, as there are several PSPs that provide every payment solution for your high-risk business, and PayCly is the best of all.

A payment service provider (PSP) is an acquirer that offers payment gateway, merchant accounts and other payment processing to high-risk businesses. Plus, a PSP offers high-risk merchant accounts, international payment gateway and other industry-specific merchant accounts to all high-risk companies.

What to look for before obtaining a Merchant Account?

Before selecting a PSP, you should look into these key characteristics that must be offered in your merchant account:

Industry Support: As we told you, most online businesses are considered high-risk, so check with PSP whether they provide merchant accounts for your particular industry and ask how experienced they are in that specific field.

Timely Pay-out: Timely pay-out is essential to run a business hassle-free. If your PSP hold your funds for an extended period, then the survival of your business can be affected. So, a timely pay-out is essential for any business.

Support Unregulated Industry: Some businesses suffer from the local government’s inability to frame a rulebook for them. At that place, legal ambiguity arises, and no one can know the rightness. So, these businesses are labelled as unregulated. But the fact is that these businesses are in high demand and more profitable. So, check before obtaining a merchant account whether that PSP provides its payment processing to unregulated firms or not.

Safety and Security: Ensure the compliance of PSC-DSS level 1 certification and the safety measures a PSP uses. A PSP must employ AI, ML, 3D-secure authentication, 3-tier chargeback prevention tools and other futuristic tools to eliminate and eradicate all malfunctioning and fraudulent activities.

Multicurrency acceptance, multiple payment modes, multilingual support, a powerful dashboard and international support are other essential features a PSP must provide to its merchant.

How PayCly is the best?

PayCly is the best because our services have all the features a business requires to grow. We provide the Lowest MDR rate, the safest payment environment, and the fastest payment processing speed. We ensure timely pay-out and 24-hr customer support. PayCly offers your customers to pay in 100+ payment modes and 150+ international currencies in order to increase customer retention. We have collaborated with a large bank and card network to provide you best suitable payment solution. These are only a few features we mentioned here, but we have much more than that. Our wizard R&D team works round the clock to provide the benefits that can boost your revenue multiple times.

Furthermore, we assist merchants by offering our high-risk merchant account, international payment gateway and industry-specific merchant accounts. These are the high-risk industries in which we have excellent experience and crafted the best merchant account for our merchants to give them the greatest benefits.

Casino Merchant Account Forex Merchant Account
E-Commerce Merchant Account Fantasy Gaming Merchant Account
Escort Merchant Account Adult Toys Merchant Account
Dating Merchant Account E-Cigarettes Merchant Account
Tobacco Merchant Account SMM Panel Merchant Account


We discussed that a merchant account is a fundamental need for an internet business; the other two are a business website and payment gateway. You can get the website from anywhere, but payment gateway and merchant accounts are complex things which are hard to understand and essential for business. To make your understanding easy, we discussed the features a PSP must provide. At last, we would like to say that no other PSPs can catch up PayCly in its featured-rich services that were created only to provide you with benefits. We suggest you go with PayCly without any doubt. For more info, please visit us at paycly.com.

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