Through a new partnership with an acquiring bank, Instabill can provide more high risk solutions to merchants of high risk industries, CEO Jason Field announced on Thursday. The announcement signified the latest of several banking partnerships this year that have enhanced the Instabill’s menu of merchant account offerings.
With the new banking solution, Instabill offers new possibilities to existing high risk industries, and also potential opportunities in industries for which a solution may have been previously unavailable. Instabill’s partnership welcomes the following industry types:
As noted above, the industries of binary options, escort services and forex are for 3D secure transactions.
“This partnership is going to bring us more solutions for high risk businesses, especially for those for which we’ve had difficulty placing,” said Wendy Jacques, Sales Manager at Instabill. “You can never have enough high risk solutions.”
Instabill’s latest banking partnership is the fourth in what has been another very successful year for the Portsmouth, N.H.-based merchant services provider. It announced two partnerships in June: An alliance with an Asian bank to offer more high risk solutions, as well as a banking option specific to U.S. payday lending merchants who need ACH solutions.
In July, Instabill partnered with a bank to offer solutions for JCB credit and debit transactions.
With additional acquiring banking partnerships, Instabill can expand its menu of offerings to merchants and partners. Currently, Instabill can process credit card transactions for more than 90 industries.
Don’t see your industry above? Speak with a live merchant account manager at 1-800-318-2713 or by live chat below and discuss your needs. We just might have a solution for you.