high risk payment processing blog

Stripe and Authorize.net both offer powerful payment options

Summary: Stripe vs. Authorize.net

Stripe vs. Authorize.net

When choosing between Stripe and Authorize.net, it’s essential to consider the unique strengths and capabilities of each platform:

  • Stripe is a modern, developer-friendly payment processor designed for tech-savvy businesses, particularly in the e-commerce, SaaS, and subscription sectors. It offers a highly customizable platform with advanced APIs, broad global reach, and a range of integrated financial services like Stripe Capital, Issuing, and Treasury. Stripe excels in handling complex payment scenarios, supporting various payment methods, and providing extensive tools for fraud prevention, compliance, and analytics. It’s ideal for businesses seeking a flexible, scalable solution with robust developer support.
  • Authorize.net is a more established payment gateway, best suited for small to medium-sized businesses that prioritize stability, security, and comprehensive customer support. It offers essential payment processing features, including a virtual terminal, recurring billing, and strong fraud detection through its Advanced Fraud Detection Suite. While not as customizable as Stripe, Authorize.net provides reliable, secure payment processing with excellent support for businesses that need straightforward, dependable solutions.

Both platforms are PCI compliant and offer tools for managing chargebacks and regulatory compliance. However, Stripe’s advanced technology stack and broader service offerings make it a better fit for businesses with more complex needs, while Authorize.net is ideal for those seeking reliability and robust security features without the need for extensive customization.

FeatureStripeAuthorize.net
Established20101996
Target AudienceStartups, e-commerce, subscription services, SaaS businessesSmall to medium-sized businesses, retail, e-commerce
Core ServicePayment processing and financial services for online businessesPayment gateway and processing solutions for various business sizes

Payment Processing Capabilities

FeatureStripeAuthorize.net
Supported Payment MethodsCredit and debit cards, ACH, digital wallets, local payment methods (Alipay, WeChat Pay)Credit and debit cards, eChecks, digital wallets (Apple Pay, PayPal)
Recurring BillingIntegrated with Billing product for subscription managementRecurring billing and subscription management
In-Person PaymentsStripe Terminal for physical card processingSupports in-person payments through a virtual terminal and partner solutions
International PaymentsMulti-currency support, currency conversion, local payment methodsSupports payments in multiple currencies, global reach
Virtual TerminalNo native virtual terminal; can be integrated through APIsProvides a virtual terminal for manual payment processing

Security and Compliance

FeatureStripeAuthorize.net
Fraud DetectionStripe Radar with machine learning for fraud preventionAdvanced Fraud Detection Suite (AFDS) with 13+ customizable filters
PCI CompliancePCI DSS Level 1 certified, handles all PCI compliancePCI DSS compliant, provides tools for secure payment processing
Encryption & TokenizationEnd-to-end encryption, tokenization of card dataOffers tokenization and encryption of sensitive payment data
Chargeback ManagementDispute handling integrated with Stripe DashboardOffers tools for managing and disputing chargebacks

Developer Tools and Integrations

FeatureStripeAuthorize.net
APIsExtensive APIs for payments, subscriptions, invoicing, etc.Comprehensive APIs for payment integration and customization
SDKsSDKs available for multiple platforms (iOS, Android, web)SDKs available for multiple platforms and languages
Third-Party IntegrationsIntegrates with major platforms like Shopify, WooCommerce, MagentoIntegrates with eCommerce platforms like Shopify, WooCommerce, Magento
CustomizationHigh level of customization for payment flows and UXProvides robust tools for payment customization

Customer Support and Documentation


Reporting and Analytics

FeatureStripeAuthorize.net
DashboardComprehensive analytics dashboard, real-time reportingDetailed reporting tools, customizable and exportable reports
Transaction MonitoringReal-time monitoring, dispute trackingReal-time transaction tracking and management
Financial ReportingBuilt-in financial reporting, integrations with accounting softwareSupports integration with accounting tools like QuickBooks

Pricing Structure

FeatureStripeAuthorize.net
Standard Transaction Fees2.9% + 30¢ per successful card charge2.9% + 30¢ per transaction
Custom PricingAvailable for high-volume businessesAvailable for businesses with higher processing volumes
Additional FeesFees for currency conversion, Instant Payouts, Radar for Fraud TeamsAdditional fees for eCheck processing, advanced fraud tools
Monthly FeesNo monthly fees for the basic service$25 monthly gateway fee

Unique Features


Conclusion

Stripe and Authorize.net both offer powerful payment processing solutions, but they cater to slightly different audiences and business needs:

  • Stripe is ideal for tech-savvy businesses that require a highly customizable, developer-friendly platform with a wide range of integrated financial services and advanced tools. Its strength lies in its global reach, comprehensive APIs, and flexibility in handling complex payment scenarios.
  • Authorize.net is best suited for small to medium-sized businesses that prioritize stability, security, and strong customer support. It provides robust fraud detection and compliance tools, making it a reliable choice for businesses needing a straightforward and dependable payment gateway.

This comparison can guide businesses in selecting the payment gateway that best suits their operational needs and growth objectives.

Take Control of Your Business with a High-Risk Merchant Account

If you’re searching for “I need a high-risk merchant account,” you’ve already taken a crucial step toward protecting your business. But why stop there? Partner with High Risk Match to secure your financial future and prevent another account shutdown from disrupting your operations. With our expert knowledge, advanced technology, and tailored support, we’re here to keep your business running smoothly.

Highriskmatch.com logo

Ready to elevate your business?
Contact us at info@highriskmatch.com or call 1-877-242-2009 to schedule your free consultation. Let’s turn your high-risk challenges into high-reward opportunities!

Here are the direct links to Stripe https://stripe.com and to Authorize.net https://www.authorize.net

high risk payment processing blog

How to Avoid Being Listed on the MATCH Termination List

Merchant services are essential for businesses to process credit and debit card transactions. However, navigating merchant services can be challenging, especially when dealing with the MATCH (Member Alert to Control High-Risk) list, also known as the Terminated Merchant File (TMF). This blog explores the MATCH list, its implications for merchants, and how businesses can avoid or address being listed.

What is the MATCH List?

The MATCH list, managed by MasterCard, is a database tracking merchants and their principals who have had their accounts terminated due to various issues. Acquiring banks and payment processors use this list to evaluate the risk of new merchants. Being on the MATCH list indicates a problematic history that raises concerns for potential processors.

Reasons for Being Placed on the MATCH List

Merchants can be added to the MATCH list for several reasons:

  1. Fraud: Involvement in fraudulent activities, such as using stolen card information or misrepresenting transaction details.
  2. Excessive Chargebacks: A high chargeback ratio (above 1%) suggests frequent disputes, indicating potential issues with transactions or customer satisfaction.
  3. Non-Compliance with PCI DSS: Failure to meet Payment Card Industry Data Security Standards can lead to breaches and unauthorized data access.
  4. Identity Theft: Establishing accounts using falsified or stolen identities.
  5. Laundering: Using one’s account to process transactions for another business, circumventing regulations or hiding transaction details.
  6. Violation of Payment Network Rules: Breaching card network regulations set by Visa, MasterCard, etc.
  7. Financial Instability: Insolvency or financial issues impacting the ability to meet obligations.

Length of Time on the MATCH List

Businesses typically remain on the MATCH list for five years from the date of termination. This period allows acquiring banks and payment processors ample time to assess the risk of working with previously terminated merchants. During this time, businesses may face significant challenges in securing new merchant accounts.

Implications of Being on the MATCH List

Being listed on the MATCH list has several consequences:

  1. Difficulty Obtaining a Merchant Account: Acquiring banks and processors use the MATCH list to screen new applicants, making it hard to secure a new merchant account.
  2. Higher Fees and Stricter Terms: Finding a processor willing to work with you may result in higher fees, reserves, or stricter terms.
  3. Reputation Damage: A MATCH listing can damage your reputation, making it difficult to build trust with processors and customers.
  4. Limited Payment Options: Without a merchant account, businesses may have to rely on less favorable payment methods, potentially losing customers.

Steps to Avoid Placement on the MATCH List

  1. Maintain Compliance: Adhere to PCI DSS and other relevant regulations to ensure the security of cardholder data.
  2. Monitor Chargebacks: Implement strategies to minimize chargebacks, such as clear product descriptions, excellent customer service, and easy return policies.
  3. Accurate and Transparent Processing: Ensure accurate transaction details and avoid deceptive practices.
  4. Financial Management: Keep your financial health in check and address any issues promptly.
  5. Know Your Customers: Verify customer identities to prevent fraud and avoid processing transactions for suspicious entities.

What to Do If You’re Placed on the MATCH List

If you’re on the MATCH list, take these steps:

  1. Understand the Reason: Contact your previous processor to learn why you were placed on the list.
  2. Rectify Issues: Address the specific issues leading to your listing, such as improving security measures or resolving chargebacks.
  3. Seek Legal Advice: Consult with a legal expert specializing in payment processing and merchant services if needed.
  4. Explore Alternative Processors: Look for high-risk merchant service providers experienced with the MATCH list, who can offer tailored solutions.
  5. Rebuild Your Profile: Demonstrate to potential processors that the issues have been resolved and are unlikely to recur.

Check If You’re on the MATCH List

To see if your business has been placed on the MATCH list, you can check the list through MasterCard’s official channel. Unfortunately, there isn’t a direct online lookup for the MATCH list accessible to the public. However, you can contact MasterCard or work with a high-risk merchant service provider to help determine your status.

Conclusion

Understanding the MATCH list and avoiding its pitfalls is crucial for businesses that rely on merchant services. By maintaining compliance and transparency, businesses can protect themselves from being listed and ensure smooth payment processing. If you’re already on the MATCH list, there are paths to remediation and opportunities to rebuild with the right strategies and support.

For more information on high-risk merchant services, visit High Risk Match.

Feel free to contact us at info@highriskmatch.com or call 1-877-242-2009 for personalized assistance.


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“Learn about the MATCH Termination List and its impact on merchant services. Explore reasons for placement, implications, and how to avoid or address being listed.”

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MATCH list, merchant services, terminated merchant file, high-risk merchants, payment processing, chargebacks, PCI DSS compliance, merchant account termination, fraud prevention, high-risk payment solutions

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