Let’s say a customer wants to pay for a merchant’s products or services with a credit card. The list is a database of information about business, their owners, and the reasons and/or codes for why they were placed on a TMF. 4949 or get started here . Best high risk merchant account service providers for Australia. There are several ways this service can enhance your profits while ensuring your customers get quality support for payments. 196E Campden Hill Road London, W8 7TH. . Toggle navigation +1 (855) 403-3855 [email protected]. The best high-risk merchant account providers are: PaymentCloud: Best Overall. Looking for high risk merchant account providers? Connect with High Risk Merchant Account to get high risk payment gateway and credit card processing serviceA high-risk merchant account means payment processors and card networks view the company as being more likely to default on its payments, suffer high levels of chargebacks, or even commit fraud. Adult payment processing is high-risk credit card processing so it comes with different fees and fee requirements which vary by service. Flagship Merchant Services – Best for exceptional support. A High-Risk Merchant Account is a type of merchant account primarily for businesses suspected to be high-risk for any reason. clothes, shoes, kitchenware, food. Including individual transactions and batch totals with comprehensive reporting tools. Firearms Merchant Accounts. EMB is voted the #1 high risk merchant account provider in the US and has an A+ rating with the BBB. A high-risk merchant account allows you to expand your horizons in the corporate world by allowing you to participate in elements of it really. A good high risk merchant account provider should have relationships with multiple banks and know which banks fulfill your business needs best. If your business is struggling with poor credit, you’ve likely been turned down for a merchant account by your standard, low-risk provider — but don’t worry. 2Subscribe: 4. You can also include the last three months of bank statements in your business. Ensure that you choose a high-risk eCommerce merchant account provider that offers you a PCI-DSS endorsed certified payment gateway and the latest anti-fraud technology. Do you need a high-risk merchant account but can’t seem to get approved? Don’t worry – QuadraPay is here to help. Increase your revenue and never lose out on a sale again. Get your Retail or Internet Ecommerce Business APPROVED for a merchant account. The top processors are determined based on competitive rates, etc. With over 20 international and. High Risk Merchant Accounts are accounts that are set up by specialist financial institutions to provide credit card processing services to those business types that fall under certain high risk business categories. We have high risk accounts for businesses that have a high-risk processing volume of $20,000 – $100,000, 000 plus per month. 5% + $0. In the United States, overall household debt increased by 11% in the last 10 years, according to a 2016 credit card. For example, merchant sells nutraceuticals. Accessed on February 21, 2023. Monthly fees. net: Best for B2B transactions. Merchant Services Provider : High Risk Merchant Account & Payment Gateway⚡ Instant Approval Contact us ☎(800) 956-1277 The Best ACH Payment Processing of 2023. No set up fees for most merchants. While interchange fees may vary from company to company, in general, higher risk will incur higher fees. Friendly Client Support. Best Services. Stax: Best for Subscription Pricing. Get Accepted for a merchant account via our easy online application with the leader in merchant accounts for. The provider may approve riskier applications but at a higher fee. Best High-Risk Merchant Account Providers for Small Businesses in 2021. National Processing: Best For Clover Processing Hardware. Moonlight Payments stands out as a dedicated payment processing provider for high-risk merchants and specialized industries. BankCard USA has offered high-risk merchant accounts since 1993. EMB is voted the #1 high risk merchant account provider in the US and has an A+ rating with the BBB. We work with both domestic US and international high-risk processing solutions. Compile Documents: High-risk merchant account providers require more documentation, so businesses should gather financial statements, licenses, tax returns, and bank statements. All you need is a dedicated bank account to process payments. This adds unparalleled convenience and increases the likelihood of people donating. The first step in applying for a merchant account with bad credit is to research providers that work with high-risk businesses. 75; Midigator. Tougher application process You may be required to submit more information and supporting documents about your business. High-risk merchant accounts: Some industries have a higher risk of credit card chargebacks. Shopify: Best for. Need a Merchant Account for your CBD Online Store? High Risk Merchant Account & Payment Gateway Provider⚡ Instant Approval Contact us ☎ (800) 956-1277. Click any of the links above to begin comparing costs on merchant account services for your own business's. In many cases, you’ll need to sign a longer contract and keep a larger cash reserve. In that case, the merchant must be ready to declare the composition and. Gspay. July 17, 2023. Guide You. Paycron offers flexible low, medium, and high-risk payment processing solutions with no restrictions. The 7 Best High-Risk Merchant Account Providers 1. There are certain providers which may generally avoid high risk merchants but have taken on one certain “niche category” like travel, gambling, CBD, adult or pharmacy. Offshore High Risk Merchant Account Providers. To get a high-risk merchant account, one needs to fill out the. Call us to know more. High Risk Pay. “ Market share of cash, credit cards. American Merchant Systems (represents 25+ different processing sources (US based banks, domestic banks, domestic merchant accounts, offshore banks, offshore merchant accounts, third party processing, ACH Check Processors, check guarantee services, check conversion services, and ATM machines. For this reason, high -risk accounts require a unique personal identification. Zero or low chargeback ratio. 75% plus 30 ¢ents per. Edition: United States. You don’t want to lose another sale all because your business doesn’t accept credit cards, and if you apply today, you will be able to receive a retail credit card terminal. , including those in the CBD industry. For a US merchant account, the merchant typically must have the following: 1) US Bank Account. View our rankings of the best high risk merchant account providers for nutraceuticals. At the same time, we encourage you to check out some of our top-rated high-risk providers before deciding. View our rankings of the best high risk merchant account providers for travel. The Gun & Ammunition Stores industry is booming, boasting an impressive USD 20. These providers. But, they vary from processor to processor and your cash flow is important, so you’ll want to negotiate against the merchant reserve if possible. Reasons Why You Should Open Offshore. There are many United States merchant account providers that specialize in high-risk businesses and will ensure your account stays open despite the risk of chargebacks, processing volume, and more. Now, over 40 million people in the US alone own one of the latter two devices, and that doesn’t count the people voice searching on their. Alipay is a reliable high-risk merchant account provider that offers tailored payment processing solutions for businesses in various high-risk industries. The top processors are determined based on competitive rates, etc. PaymentCloud: Best For Free Credit Card Terminal. At PayFasto, we’re aiming to provide truly global high-risk merchant account services, and we can assist you in obtaining a high-risk merchant accounts across Europe, the UK, North America, South America, and Asia. Bank Account opening in 109 countries including, offshore and USA. The provider needs to be sure that products or services are delivered by the merchant to all clients in a timely manner so that all parties are satisfied. High Risk Pay offers merchant accounts to the e-commerce businesses that can’t open a credit card processing account with a low-risk provider. Easy Pay Direct specializes in high-risk industries and has experience working with gaming businesses . There are some risk factors that providers use to determine whether you fall into the high risk. The following are five critical things you want from your CBD merchant account provider; The high-risk merchant account providers in the USA provide fast and secure payment processing, fraud prevention measures, and chargeback management services, among others. An ISO allows retailers to process credit cards without having a. One example of a possible chargeback situation in a travel agency is if a customer books an international travel tour one year in advance, and is charged upfront for the costs through a credit card. Businesses with one or more of the following features make them a high risk merchant business: The business has been black listed by credit card. Not all merchant services providers require a merchant account. At High Risk Holdings, our team can get your merchant account approved today for B2B, eCommerce or Retail at reduced rates and fees. 5% plus the interchange rate. General characteristics of a low risk merchant account. If you are in the nutraceuticals business, look for a merchant service provider that specializes in high-risk industries like SecureGlobalPay and can provide you with tailored solutions. e. ¹ PayPal’s. If your company doesn’t have a positive transaction history or it is too new to have developed one, you will encounter high charges from payment processing providers at. Fast approval in 24-48 hours. The right processor supports your sales channels and offers pricing transparency. PaymentCloud: Best For High-Risk eCommerce. We provide speedy and efficient credit card, debit card and ACH payment processing. A high-risk merchant account is a service that Payment Service Providers (PSPs) offer so that entities in fraud or chargeback-prone industries can accept card payments. Internet. , those with both physical and digital storefronts), Moonlight addresses the unique challenges faced by businesses in sectors like. Credit Card Processing Services. Our selection criteria evaluate cost, transparency, contract requirements, and features. EmerchantBroker has been voted the #1 high-risk processor for Forex merchant accounts in the USA and provides merchants with highly secure, convenient Forex accounts. 2Subscribe: 4. But at times a business may have to face different types of risks which can become a big cause of failure too. Authorize. Having a business means taking on risk and sometimes merchant account providers don’t want to take the ride with you. Again, adult entertainment account and payment processing rates fluctuate with season. Many processors will not deal with high risk merchant accounts at all, and in fact merchants in high risk businesses may have to work with specialized processors, and they may even have to set up their merchant accounts with over-seas companies. A high volume merchant account is a merchant account specifically tailored to meet the needs of businesses that experience significant credit card transaction volumes that exceed most provider’s. This system immediately alerts merchants about disputes, giving them enough time to correct any misconceptions before a chargeback occurs. Step 2: Submit the required documentation. Fast and reliable funding approval. High Risk & Bad Credit. We approve bad credit merchant accounts within 24-48 hours and quick setup once approved. Less flexibility than traditional processors. Boasting 92% Excellent ratings over 64 reviews on Trustpilot, ProMerchant is one of the best-rated merchant services that supports brick-and-mortar retail stores, eCommerce businesses, restaurants, as well as numerous high-risk industries. Clover: Best for POS. The bank then sends the information to the card issuer. Having a business means taking on risk and sometimes merchant account providers don’t want to take the ride with you. 3. Fast Approvals. 1) How a Merchant Account Works. it. Go high level is an all in one marketing platform to help entrepreneurs, marketers, and agencies grow their businesses. Ikajo. We can set up your merchant account quickly and help you to start taking card payments without any hassle. The difference, though, is in the rates the different providers offer. Host Merchant Services may help your business grow as a merchant account provider. 60 per transaction. There are a variety of reasons why this can occur. MallFine Merchant account providers consider some sectors to be high risk merchant categories, leading to most mainstream services, such as those offered by banks, refusing to deal with businesses within them as a matter of reputations and their luck of ecommerce management. Accepts domestic & international cannabis merchants. ). Square: Best for point of sale (POS) Payment Depot: Best for flat-rate pricing. If your business is classified as high risk, you want to make sure that you have the best high risk merchant account provider to help you run your company. Treati. For businesses that need a high-risk merchant account, make sure you consider PaymentCloud, or if you have a high volume of transactions, Payment Depot might be. It is much quicker than manual processing! The connected payment processor sends the transaction request to the payment gateway automatically within seconds. “7 Chargeback Statistics Merchants Need to Know. Shark Processing is a high-risk payment provider servicing merchants in the United States and internationally. PayPal: Best for occasional sellers and small merchants selling on marketplaces. Fortunately, many knowledge payment providers offer instant merchant account approval if you have all your ducks. 2985 E. Although some payment servicers are hesitant to work with adult businesses, several providers specialize in high-risk merchant accounts. [1] NMI. We are one of the best high risk merchant service providers in U. Stripe: Best for owners of multiple businesses and brands. Finding the right merchant account provider can be challenging, especially for high-risk merchants. A high-volume merchant account is a merchant account that is specifically geared towards merchants who have a higher than normal volume. Fraud occurs when someone makes a. Starts at $0/month for unlimited devices and locations. Normally, you'll be charged a fixed monthly fee (usually between £25 and £75 per month) and then fees on top of every payment you take (which typically range from 1. Online merchant accounts for small businesses have a unique objective: save costs and build revenue. Host Merchant Services is a Newark, Delaware-based merchant account provider that is capable of serving most domestic high risk business types. The database aims to prevent. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. [1] Statista. A high risk merchant account is a specialized payment processing account designed for businesses that operate in industries with a higher risk of chargebacks or fraud than traditional businesses. To prepare for the process, ensure that your credit score is as high as possible and pay off any outstanding debts. The merchant account acts as the middleman between the. These types of merchants usually pay higher fees than average, but the benefits may outweigh the cost. Hillcrest Drive Suite 209 Thousand Oaks, CA 91362. The company specifically markets. 5% + $0. Proven Peptides, and 4. There are more than 325 million active PayPal users across the world. BankCard USA takes a different approach. A merchant account for bad credit can, therefore, be opened for low and. The bank that hosts your merchant account is also known as an acquiring bank or an acquirer. 3. Home; Related News & Articles; Services. PaymentCloud does offer traditional merchant services in addition to high-risk account services. We have a new relationship with one of the leading high risk payment gateways, PaymentSphere. Merchant Account. High risk merchant accounts are designed to accommodate businesses that are financially unpredictable, prone to chargebacks or pose a certain degree of potential loss to merchant service providers and banks. The statements will display how you collect funds from people. This is because they are willing to take on more risk,. 60 per transaction. Amex also has other fees such as credit card purchase fee (1%), late transaction processing fees ($35 each), declined authorization service charges ($15 each). We provide High Risk Payment Gateway in USA A company do come in category of high risk if: – It operates within a high-risk industry Presence of risk of financial failure Both the above factors might affect the company’s. GSPAY is a little-known high-risk merchant account provider that offers a variety of fixed rates for different types of businesses. Top 6 High-Risk Merchant Account USA Industries Who are High-Risk Merchants? High-Risk Account USA vs Regular Merchant Accounts What Makes a. The Problems For High-Risk Merchants. As merchant account providers, it is our job to give you the hardware, the service and the know-how to accept these different forms of payment. In thisView our rankings of the best high risk merchant account providers for collection agencies. Getting a high-risk or offshore merchant account doesn’t have to be a hassle when you work with Payline Data. PaymentCloud is a leader in providing high-risk merchant accounts to meet the needs of businesses across various industries. There are many United States merchant account providers that specialize in high-risk businesses and will ensure your account stays open despite the risk of chargebacks,. Being tagged as a high-risk merchant account means that the payment service provider will consider you are at high risk of having higher chargebacks and. Helcim: No monthly account fee. National Processing: Best for Small Businesses 6. 2Checkout bases its pricing on a pay-as-you-go model — you’ll pay per transaction, but there are no monthly or annual account fees or early termination fees for closing your account. Vape and E-Cig Merchant Accounts. Typically, a merchant account for credit repair is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. It acts as legal permission to accept credit card payments online. This pricing is very good in the high-risk processing world. This solution is ideal for industries such as peptides, adult/emotional content, online gambling, pharmaceuticals, kratom and many others. Exempli gratia, e-commerce is counted among the high-risk. Published on May 22, 2023. Your business will be set up for long-term success by accepting debit and credit cards. Forex and gaming merchants must also have relevant permits to use an European high-risk merchant account. Examples include online gambling businesses, subscription-based businesses and pharmaceutical businesses, among others. The Best Merchant Account Service Providers of 2023. As a rule, you can expect higher fees for opening an account, processing payments, handling chargebacks and terminating your contract early. Businesses should expect to pay 2% over the cost of traditional merchant accounts, while also anticipating 18-month contracts. If you’re looking for a merchant account and have had trouble getting approved because you’re in the high-risk category, it’s a solid choice. Note that high-risk merchant accounts may still require these fees due to the much more extensive underwriting process required to get approved for a high-risk. We chose Treati. You can go with Dharma. But, there’s no stress of account closure. National Processing offers different plans based on whether you’re accepting payments in-person or online, and it promises $500 if it can’t beat high-volume ($10,000 or more in monthly sales. Credibly Image source: Credibly. Soar Payments: Best for High-Risk eCommerce Businesses. The Best Payment Gateways of 2023. ProMerchant: Best for High-Risk Businesses. A high-risk merchant account is an agreement between a merchant and a bank. Merchant One: Best for Flexible Pricing. In fact, we specialize in secure payment processing for high-risk clients that might not qualify for merchant accounts from traditional providers. But high-risk businesses may be tied to long-term contracts (2-3 years). NMI provides payment gateways—including high-risk payment gateways —used by more than 250,000 merchants worldwide. . So, you must be extra cautious as you shop around. Why Choose Merchant Account Providers? Payline Data: Best overall high-risk payment processor. net costs: $10/month plus 0. Best high risk merchant account service providers for UAE. When you begin processing with Instabill, you will benefit from accepting a wide range of processing options. Securing funds is an essential part of any business’s operation. For example, ecommerce brands can expect to pay 4% per transaction while dating sites are looking at 6% and IT support 10%. Helcim: Best for interchange-plus pricing. com ; Search. Get a free Clover Go card reader from National Processing. High-risk merchant accounts may provide access to advanced fraud prevention and risk management tools to help mitigate potential fraudulent activities and reduce chargeback rates. Determining the risk level of your International merchant account involves evaluating various factors, including your industry, payment processing needs, and the nature of your business. A merchant account is a type of bank account that allows an individual, business, or organization to accept debit and credit cards as a form of payment. Blue Sky Peptide is a few example of successful e-businesses in the peptide industry with active merchant accounts. ACH on Authorize. They have had to use either direct providers, horizontal industry gateways that have been open to serving high-risk merchants and high-risk specific gateways (e. Chat with us , powered by LiveChatThis blog will explore how high-risk marketers can combat the industry’s common issues of fraud and chargebacks, and how services from a reputable high-risk merchant account provider, like EMB, can offer transparent and secure solutions to these hurdles. When your business has been labeled a high-risk merchant account, you will almost always pay higher. 2Checkout bases its pricing on a pay-as-you-go model — you’ll pay per transaction, but there are no monthly or annual account fees or early termination fees for closing your account. If you are searching, ‘offshore merchant account high risk’ on Google, this blog is for you. Shark Processing is a high-risk payment provider servicing merchants in the United States and internationally. 4. Here’s what you can expect:Step 1: Call or Email us and speak with one of out experienced Merchant Advisors. Our. Thales Group United States Division 4 Reviews Write A Review Olivier Piou 33 1 57 77 80 00 Visit Website 2002 $1+ billion 25,000+ 5,000+ 93 MMake sure that the merchant account provider can cater to your business as it grows. Typically, these include industries that are. Our typical turn-around time is 3-5 business days. Why Choose Us? We have the largest network of high risk banks in the industry, and growing! Our team has spent more than 20 years in the high-risk space formulating and strengthening our network of domestic and international banking partners to be able to provide diversified solutions suitable for nearly every type of high-risk merchant account. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. 50% + $0. e. Here are the best marijuana payment processing companies & the truth about credit cards. 1. PaymentCloud: Best for High-Risk Businesses 5. If a company has high potential of chargebacks, or historically many chargebacks and refunds, the. Our high risk payment gateway. (888) 846-8901 info@attorneygl. High-risk merchant category refers to the industries or types of businesses considered to have a higher level of risk by financial institutions, payment processors, and acquiring banks. Bank Account opening services in offshore jurisdictions and Onshore jurisdictions based on clients` requirement for both personal bank account and corporate bank account. When you’re taking high value, high-risk payments every day, you need to make sure your payment provider can keep up. Assuming the authorization is passed,. In other cases, Shopify has revoked payment services because the business was deemed “high-risk. Like most high-risk merchant account providers, PaymentCloud does not disclose pricing information online. For more information, please contact us at 800. Authorize. PaymentCloud: Variable monthly account fee. Flagship Merchant Services: Best. Net account” refers to an Authorize. First Card Payments offers high-risk merchant accounts and credit card processing. Opening up a merchant account and using a payment gateway for nonprofit organizations enables donors to make these payments online with their credit cards. PaymentUSA has a proven track record of backing merchants that choose us. Offshore Gateways: In 2023, Offshore Gateways is poised to lead the way as the foremost provider of best merchant account services for high-risk businesses. SMB Global, based in West Jordan, Utah, is a high risk merchant accounts provider specializing in supporting ultra-high risk businesses such as adult, gambling, offshore businesses, debt collection, and CBD. 75%, and you’ll also pay around €950 in annual bank fees, a setup fee of €100, and a monthly fee of €20. Call us on (+44) 20 32862655 to get approvals, pre-approvals & expert advice. 2. We understand the unique challenges of your business and can provide you with the right merchant account that will meet all your needs. Merchant account service provider in the USA is PCI/DSS compliant it means that will ensure that the data processing is 100% safe and secure. Currently, consumers’ most preferred payment methods are credit and debit cards. Service providers offering High-Risk Merchant. NMI Reports Breakout First Half of 2021, Primed for Continued Success. io as our favorite online credit card processor for cannabis and CBD vendors due to its willingness to work with these merchants when many providers will not. However, high-risk payment processing is what PaymentCloud is best known for. PaymentCloud Top Rated Merchant Service for Authorize. 24/7 customer support. However, firearms merchants are also classified as high-risk and obtaining an online firearms merchant account is extremely difficult. However, working with High Risk Pay means finding the options for your business that wouldn’t have been available to you via traditional banking alone. Whether you are. Among the dozens of high-risk providers on the market that accept e-cigarette/vape merchants, we selected the following companies for their honest sales practices, reasonable prices, and excellent customer support. One essential service that top merchant services offer is credit card processing. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Thus, high-risk merchant account helps merchants considered high risk to accept debit and credit card transactions. Though there are large-sized dropshippers that charge monthly or annual subscriptions, there are some that offer free trials and/or apply small fees to products that are shipped to customers. ACH Payment Processing; Merchant services first data;If you are considering a high-risk merchant account, it's essential to research multiple providers, compare their fees and services, read reviews from other merchants, and ensure they have a track record of reliable service and support. 5. Payment Depot: Best overall. High-risk merchant accounts. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake. This represents a whopping 29% of all online businesses in the U. A quality merchant account provider will work with high-risk merchants to manage liabilities and process payments without penalties. Here are some of the attributes from both the low-risk and. The Problems For High-Risk Merchants. They occur because a company is at a higher risk for either fraud or chargebacks. We can offer credit repair payment processing options and merchant accounts for your business, helping. However, high-risk payment processing is what PaymentCloud is best known for. A 2016 consumer survey showed that 40% of the 1,000 respondents approve of credit cards as the safest payment method. Long on experience: Instabill has been finding high risk merchant account. Using an online payment gateway for tech support is the fastest way for you to receive card processing payments to your merchant account. High-Risk. After approving the merchant account, the processor will monitor all activities for suspicious or risky behavior, and if any, contact the merchant for clarification. Durango: Best for International Businesses. SMB Global: Best for Ultra High-Risk Merchants. A merchant account is a particular type of bank account that business owners must establish in order to accept payments. Recognizing the challenges faced by companies with less-than-stellar credit histories, Moonlight offers a compassionate approach, paired with expert knowledge in. Determine the payment plan. Most providers publish a. A high-risk merchant account means payment processors and card networks view the company as being more likely to default on its payments, suffer high levels of chargebacks, or even commit fraud. 0% + $0. Learn more about high risk payments. With a 98% approval rate, we take pride in being able to accept almost every business type, regardless of risk level. 2Monetize: 6. View our rankings of the best high risk merchant account providers for bad credit. We have spent the better part of two decades securing high risk merchant accounts for our clients. Seasoned high-risk credit card processing specialists tend to have well over 20 years of experience in the merchant acquisition industry. For providers that offer high-risk merchant accounts, a detailed application process is routinely involved. ProMerchant’s rates are 0. Since we process hundreds of millions in high risk volume every month, we have the experience to support high risk businesses nationwide. The top processors are determined based on competitive rates, etc. PayKings is the preferred adult merchant account provider in the adult industry. Our solutions also support both US dollars and euros,. Moonlight Payments Overview. After the credit card data is captured, the company’s payment processor pings the customer’s. The funds collected from transactions (less. Luckily, Instabill takes on the responsibility. Contact Us — High Risk Merchant Accounts Available Today. Net account? The term “high-risk Authorize. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. Reserves can be held for 180 days after account closure before they are released. Consider the terms when you. In extreme high risk cases, the reserve may be. A merchant account is a bank account into which a merchant's payment processor. Mobile credit card. Merchant account providers are the most traditional type of merchant service provider. Some exploit the high risk tag and charge higher rates and larger reserves than they need to. Traditional merchant account providers will often end up canceling the accounts of a high-risk business or not approving them in the first place. View Website. 805. As you might expect, the processing charges for a traditional merchant account are lower than a high-risk international merchant account. When you call or email, you’ll always speak with our friendly, in-house client support team. EMB provides multiple payment options, including credit cards, eCheck processing, and. Whether MX Merchant or Authorize. High-risk merchant account providers understand the volatile territory certain businesses operate in. One such option is eMerchant Authority which offers bad credit merchant accounts that your business needs to be able to receive payments. Many merchant account providers now offer solutions tailored to those businesses, so make sure you look for one that specifically mentions the ability to accept applications from businesses with poor credit. 99% approval rate. Get started today! Give us a call at 1-866-303-2558. 2Sell: 3. Moonlight Payments is a standout choice if you're searching for a merchant account provider that specializes in serving businesses with bad credit. Historically, merchants in high-risk categories have had few options for payments. Stax is a great option for established small businesses with high annual revenues. WorldPay – Best for set monthly fees and regular payouts. Meaghan Brophy. Integration with popular e-commerce platforms and shopping carts. Since chargebacks and fraud account for more than $17 billion in losses for merchants each year, naturally, merchant account providers are exposed to this risk too. How to open a high-risk merchant account: 8-step guide. For example, if you process $20,000 or more a month, or if you have an average transaction amount of $500 or more, you risk more opportunities for higher chargeback ratios. Not sure if you’re a high risk merchant? Unsure where to begin? Please contact a merchant consultant at 1-800-930-4476 for more information or to apply for a merchant. 0. Chat with us , powered by LiveChatIf you can’t obtain a merchant processing account in the united states, check out these offshore merchant service providers: High-Risk Merchant Services: High-Risk Merchant Services offers custom solutions for cannabis businesses in terms of payment processing and chargeback management in domestic and offshore companies. Some of the documentation you should be expected to submit as part of a WooCommerce application include details about your business’s sales. We feature a hassle-free onboarding process with banks. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. PayOp is a payment aggregator for various business types. A high risk merchant account is a payment processing account for high risk categorized businesses by the acquiring banks and the credit card companies. PayKings offers payment solutions to businesses in high risk industries, which means that as payment processing providers, our banks are willing to accept the liability for the increased risk associated with those businesses that are categorized as needing a high risk merchant account. US HQ. EMB is voted the #1 high risk payment. Fast Approvals. Variable transaction fees.