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Prime Merchant Solutions

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Overview

Prime Merchant Solutions is a merchant services and payment gateway provider focused on high-risk industries.

Merchant account versus gateway

To accept cards online, a business needs two things:

  1. 1.A merchant account, an agreement with an acquirer through which customer funds flow.
  2. 2.A payment gateway, the technology that passes payment data from the website to the acquirer and returns the response.

A merchant provider of this type helps with both: it looks for an acquirer willing to work with the client's industry and connects the gateway. For high-risk projects the first part is usually harder, and it is where most declines happen.

Who it may suit

Companies that were turned down for standard acquiring or operate in a niche with a higher share of refunds and disputes. The company states it works with such businesses, but approval of a specific project depends on a review.

What to clarify

The description has no data on pricing, payment methods, payout timing or countries. Ask for these in writing together with the list of underwriting documents.

What they do

Work formats

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