High Risk Merchant Account Rapid Application Process

With SecureGlobalPay, you can get a reliable high-risk merchant account Europe payment gateway for your business. Even as a merchant looking for a high-risk merchant account in Europe, you still pose a financial risk to an overseas payment processor. American banks pioneered credit card processing services with grocery stores and supermarkets among their very first clients. We negotiate High Risk Merchant Account Payment Processing Providers the best arrears, reserves discount rate and fees on behalf of our high-risk merchants. Our high-risk payment specialists can also advise you on future banking options that may suit your high-risk business as they become available. Some merchants think they may hide their business model and fool the banks. The fact is that most of the time, these applications will never get any success.

The permissible refund ratio may be as high as ten percent, but varies by processor. Our offshore merchant account services fill the gap with multi-currency acceptance, cross-border acquiring, and placement of non-traditional merchants.

Best Payment Processors for High-Risk Merchants

It allows customers to confirm a purchase, and checkout with their choice of payment. Ensure that your website doesn’t have any barriers between your customer and their final purchase. We offer a range of adult merchant account solutions for many types of high risk businesses. From adult toys to membership sites, we are your go-to adult credit card processor. It works with tobacco, vape, topical CBD, hemp, and other products, as well as electronics, firearms, and nutraceuticals. Durango supports eCommerce merchants through its proprietary Durango Pay payment gateway. This gateway includes all the standard payment and security features you’ll need to run a web-based business, including an Authorize.Net emulator mode.

They also keep an eye on the business model of the merchant. It’s better to follow the agreement and keep the credit risk low. Payment processing companies may work with merchants from select industries categorized as high-risk brands. A high-brand risk merchant is the same as a high-risk merchant. Acquiring companies charge an additional fee if the applicant is a high brand risk merchant. PSP may charge a setup fee and a monthly high brand risk fee. Some MCCs may be subject to monthly upfront high brand risk registration fees.

Soar Payments Compatible Industries

SMB Global is a merchant service provider partner of Payline Data, a popular and reputable low-risk processor. SMB Global exclusively deals with high-risk and international businesses. Rolling reserve requirements, a somewhat complicated pricing structure, and limited customer support prevented the company from earning a higher score. If you operate a high-risk business, we can help you set up a payment gateway that provides all the capabilities you need at a competitive price. High-risk business credit card processing solutions from Zen Payments are the fast and easy way to gain a competitive edge and position yourself for future financial growth.

An up-front reserve gives the processor permission to withhold all funds from credit card transactions until a reserve balance is met. Unfortunately, there are some https://wave-accounting.net/ scammers out there who target merchants in trouble. They offer help at ridiculous prices and based on iron-clad contracts that will be nearly impossible to escape.

Best for U.S.-Based Businesses

Our goal is to get you up and processing safely and securely as quick as possible. If you have filled out loads of applications and been denied by multiple banks, let us help you find the best high-risk payment solution. We have various banking relationships across the globe that accept most high-risk industries.

So it’s better to be honest with them and present a clear and simple picture. Ecommerce secure payment processing with ready to use CMS plugins. Our clients receive white-glove treatment from their experienced account representative. This world-class support does not stop upon approval, as your representative handles all inquiries for the life of the account.

eMerchantBroker Pricing Structure

Unfortunately, some banks and credit card processors consider certain businesses and industries to be “high risk”, and are unwilling to provide them with merchant services. Merchant account fees vary according to your industry, sales volume, and company history. Our team of underwriters takes the time to learn about your business and create a custom merchant account for your unique needs.

As stated above, your processing history reveals what payment methods are most frequently accepted at your business. Some payment methods are considered more secure than other payment methods, thus lowering your business’s assessed risk. That said, the term “high risk” may have a negative connotation, but there’s nothing innately negative about many of the factors contributing to a business’s high-risk categorization. Simply put, tier-one banking institutions still rely on credit policies antiquated by modern methods of doing business, thus favoring old-fashioned business models. By connecting our clientele to PCI compliant payment gateways, we deliver a mechanism tailor-made to meet each business’s specific needs. With our customized payment gateways, you can accept payments instantly without worrying about compliance issues.

You may pay a setup fee to open your account and a termination fee to close it, plus per-transaction fees, terminal fees (for in-person payments) and chargeback fees. Host Merchant Services partners with Electronic Merchant Systems to provide services for high-risk merchants.

• Having one primary processor means that it can provide more specific pricing information.
• Businesses classified as high risk typically are not approved for a traditional merchant account, so you will need a dedicated account.
• Today, it is almost impossible to sell either goods and services without having a credit card processing payment gateway or using other card-not-present solutions.
• They went above and beyond to provide the best rates with the best acquirers for my business.
• The funds remain in the reserve, but nothing is withheld from future settled transactions.
• PaymentCloud also offers eCommerce merchants access to either Authorize.Net or one of several alternative third-party payment gateways.
• They offer help at ridiculous prices and based on iron-clad contracts that will be nearly impossible to escape.

With additional data concerns and blurred lines surrounding legalities, those red flags put you at greater risk of fraudulent activity and chargebacks. Other factors that will greatly contribute to risk exposure include an international payment acceptance, low credit score, or no payment processing track record. With our high-risk merchant account services, you can process payments no matter how your business is structured.