E47 – High-Risk Merchant Accounts - Maria Sparagis, DirectPayNet

In this episode of The Payments Show Podcast, I spoke to Maria Sparagis who is the Founder & Managing Director of DirectPayNet. 

DirectPayNet helps high-risk businesses with payment processing capabilities. If your company has ever had it’s merchant account shut down or application for an account rejected, this episode will give you the information you need to ensure you can operate your business without any surprises.

Click through the Chapters Menu at the top of the episode webpage here: http://thepayments.show

Summary of topics discussed:
1. Types of Risks
2. Credit Cards vs Bank Payments
3. Dedicated Merchant Account vs Stripe and Others
4. Account Approvals and Getting Shut Down
5. Avoid Match Listing
6. When To Use a Backup Merchant Account
7. Chargeback Criteria and Thresholds
8. Payment Descriptors
9. Competitive Pricing
10. Increasing Sales Conversions

And much more…

Details:
- Recorded on 19 Apr 2022
- Host: Satwant Phull, Founder of Digital Money Lab
- Guest: Maria Sparagis, Founder & Managing Director, DirectPayNet

[Next Steps & Contact Info]
- Get in touch with Satwant: digitalmoneylab.com
- Get in touch with Maria: LinkedIn: linkedin.com/in/mariasparagis
- DirectPayNet: w: directpaynet.com | t: @directpaynet
- Uncensored Direct Marketing Podcast: https://apple.co/3EAv8PD

Credits:
- Sound Effects from Pixabay | Music licensed from Envato Market

[Support the Show]

Chapters

• 0:00 Introduction
• 1:33 Start and Overview
• 6:31 Types of Risks
• 10:53 Credit Cards vs Bank Payments
• 17:13 Dedicated Merchant Account vs Stripe and Others
• 22:30 Account Approvals and Getting Shut Down
• 25:56 Avoid Match Listing
• 26:47 When To Use a Backup Merchant Account
• 28:14 Chargeback Criteria and Thresholds
• 31:23 Payment Descriptors
• 34:46 Competitive Pricing
• 41:34 Increasing Sales Conversions
• 50:35 Contact Details and Maria’s Podcast
• 51:10 Chit Chat