Merchant account providers categorize businesses as either one or the other, but various indicators can distinguish between them. A high risk merchant processor highriskpay. Fortunately, at Shark Processing, we specialize in high-risk payments and can assist you in opening a high-risk merchant account, no matter your industry. Once we have placed your business with a suitable high-risk banking partner, we will work with you to. Our experts at Salus Payments recommend trying to keep your chargeback ratio less than 0. The reason is simple: Everyone in the payment chain (except for the customer) loses money in a chargeback. Many companies consider this to be having a merchant account. The second thing you need to know is the type of merchant account you’ll get with your application. High-risk vs. com may open an account for a company and close it after a few. A high risk merchant account is a type of payment processing account for unique businesses. Reason being, merchants in our payment processing world come under low-risk, medium-risk, and high-risk categories. Stripe: Best for owners of multiple businesses and brands. Get a free card. Interchange + 0. What are the differences between low-risk and high-risk merchant accounts? Low-risk merchants: Often process less than $20,000 per month in credit card transactions; Process credit card transactions for typically less than $500; Have very few chargebacks; Have minimal returns; Only do business in low-risk countries; Alternatively, high-risk. A flat-rate pricing structure is offered by Stripe:Let’s Understand The Low-Risk Merchant. Since account providers consider high-volume merchant accounts to be at higher risk, you will pay more for your credit card processing. Review merchant submissions of SAQs, network scanreports , and Reports on Compliance (ROC), if applicable, to determine that a merchant is in compliance with the PCI DSS. Low-Risk Merchant Accounts Differences in Processing, Fees, and Restrictions. You’re in an industry that is considered “High Risk”; you are in eCommerce, you run high dollar transactions, your transactions happen in the future, you have poor credit or maybe someone closed your merchant account in the past - now you need a high risk merchant account. Here are the major differences between low risk and high risk merchant accounts. The following are some differences between low and high-risk merchant account that you should know: Low-Risk Merchant Account. High-Risk Merchant Accounts. com. PaymentCloud: Best overall. In simple terms, a high-risk merchant account is a payment processing account for businesses considered as ‘high-risk’ by credit card processors or banks. Average card transaction is below $500. Payment Depot: Best for High-Volume Businesses 3. - $99 account setup fee, 3 year. It should be mentioned that there are low-risk merchant accounts that can permit all the . High Risk Pay is one of the fastest growing companies in the credit card industry since 1997. On the other hand, high-risk merchant accounts deal with high-risk items like cannabis, tobacco, firearms, airplane tickets, virtual currencies, and pharmaceuticals. High-risk processors will be able to guide you on ways to reduce your chargebacks and keep your fees low. While the high-risk version is a bit expensive, it offers the merchant many. 2. Credit card transaction that is less than average of $500; Minimized Returns; Less than $20000 processed monthly; Zero to low chargeback ratio (These are, for instance, low-risk shoes and clothes, baby. While the vaping/e-cigarette industry is highly profitable, banks and credit card processors also consider it high-risk. Being Tagged as a Low Risk Merchant Account. Best for online and international sellers: Durango Merchant Services. Running high-risk sales on your lower-risk merchant account will often result in funds being held. The primary aspect that qualifies your business model in a high-risk. 1. high risk merchant accounts is the amount of fees. ”. 50% + $0. They may have a less stable financial environment by. There are many more advantages of using high-risk merchant accounts -: It offers you long-term growth opportunities. Higher transaction fees: Transaction fees for high risk merchant accounts are not cheap. Level 2 processing is built-in, with no additional monthly fees. The best merchant account for small businesses depends on your specific circumstances. An online merchant is a business that sells goods and processes payments over the Internet. But they can expand the possibility that the merchant will need a high-risk . Excessive chargebacks are a prime reason why merchants are denied payment processing services. Maximize approval ratios based on your target customer base. Low-risk merchant accounts are designed for businesses that have a consistent volume of sales, low returns/chargebacks, and are in well-established industries. Application: The business applies for a high-risk merchant account with a specialized payment processor that specializes in high-risk businesses. A high-risk merchant account has the same features and functionality as a traditional, low-risk merchant account. SMB Global. It supports businesses of all sizes, offering both standard flat-rate and interchange plus pricing. Bad Credit Payment processors and the financial institutions that back them typically check the business owner’s credit when reviewing a merchant account application. Merchant One: Best for Flexible Pricing Clover: Best for POS Stax: Best for Subscription Pricing ProMerchant: Best for High-Risk Businesses Payment Depot: Best for High Transaction Volume Square Merchant Services: Best for Startups Helcim : Best All-in-One Platform National Processing: Best. Host Merchant Services: Best for large high-risk businesses. GoCardless Last editedDec 2021 — 2 min read Table of contents Merchant accounts explained What is a high-risk merchant account? What is a low-risk merchant? In. Skip to content (877) 996-2795; Merchant Accounts; ABOUT. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. ProMerchant’s rates are 0. Lastly, it is important to recognize that creating a high-risk merchant account involves a lot more than just setting up a system. In the beginning stages of getting operations for your company up and running, there are many business owners who initially don’t even realize that their. General characteristics of a low risk merchant account. Low-risk rates, as low as $99 per month and $. , those with both physical and digital storefronts), Moonlight addresses the unique challenges faced by businesses in sectors like. Low-risk merchants are generally established merchants that process less in volume, have lower ticket averages, have little to no chargebacks, only transact in 1 currency. Low-risk Merchant Account. We offer support to companies who need an online gaming merchant account for a sustainable business. YOUR HIGH-RISK MERCHANT PROVIDER. Higher set-up fees: High risk comes at a price and the price is that you pay more in setup fees. In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. The main difference between a high-risk merchant account and a low-risk merchant account is that the former operates in scenarios that are deemed to be extremely risky as outlined above. High Risk. High risk rates as low as blended 2. A high-risk merchant account is a type of business bank account set up by a payment processor that allows merchants to accept credit and debit cards for their. A high-risk merchant account is a type of business bank account set up by a payment processor that allows merchants to accept credit and debit cards for their business, even though they have been. We have partnerships with over 25+ processors worldwide, and can place. Average High-Risk Merchant Account Rates. In most cases, a high-risk merchant account can be approved within 3 to 10 business days of a complete application packet being submitted to underwriting. Home; Payments. You have zero to low chargeback ratio. 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. However, for business owners looking for the best high-risk merchant accounts with bad credit, you might want to consider Electronic Cash Systems, PaymentCloud, Payment Depot, Durango Merchant Services, Soar Payments,. They will need a high-risk merchant account because the credit repair industry presents several risks: (1) clients and their financial history (2) chargebacks, and (3) legality. Another well-established provider, CorePay caters to both low and high risk merchants by providing tailored solutions that meet each business where they stand. We have over two decades of high-risk credit card processing experience and understand what it takes for high-risk merchants. When payment processors consider approval, the decision must go through their bank, which may or may not deal in high risk industries. Low Risk Merchant Accounts Finding the right credit card processing and merchant account provider is critical, yet challenging, for any business. account, so you can focus on the best processing options that match System used to track merchants in order to manage risk. On the other hand, low risk merchant accounts. Again, it all comes back to that one word: risk. What We Look For in the Best Merchant Services 1. 25/keyed-in transaction (volume discounts available) Best all-around virtual terminal. 2. A Delta 8 merchant account is a type of merchant account aimed to ease the transactional process of Delta 8 businesses. This can increase the difficulty of. Additional fees: Additional fees include PCI compliance, account setup, statement generation, and customer support. Our services are secure. This includes information on individual transactions and batch totals with comprehensive reporting tools. See full list on corepay. Due to the division of businesses into low-risk and high-risk merchant accounts by payment processors, this is the case. Each merchant service provider received a rating based on over 50 data points. What is a High-Risk Merchant Account? According to Nerd Wallet, a high-risk merchant account is required if a business with a greater risk of fraud or chargebacks — or with certain other. Having a variety of payment options with optimal security is a must for successful online companies. - Provides full service merchant accounts for high risk and non-high risk merchants. As compared with a high-risk merchant account, low-risk accounts often. ”. Some of the most common businesses the platform specializes in include health and beauty, fantasy sports, financial and legal services, firearms, travel, tobacco and vape, SaaS, and SEO/SEM businesses. Fastest application process: Soar Payments. Corepay provides European merchant accounts for businesses globally. High Risk Pay Overview. Low-Risk Merchant Accounts. Low-risk merchant account. net lays the groundwork for a more streamlined high risk payment processing experience. This facility is unavailable to those who want to play safe and opt for low-risk merchant accounts. WebPays has high-risk merchant account solutions for nearly any high-risk merchant. 5 Ways to Prevent an Account Hold or. 10 per transaction (low-risk accounts) Processing rates vary by acquiring bank/back-end processors (high-risk accounts) $15/month account fee (low-risk accounts). A high-risk merchant is a type of merchant that a merchant account service provider and a merchant acquiring bank consider high-risk due to the company’s history of payments or the nature of business activities that can cause financial losses. A high-risk merchant account with instant approval can be the lifeline your business needs. What Is a High-Risk Merchant. Usually offers tiered pricing to bad credit merchants. For example, if you’re a business owner with a bad credit score, and you went through several unsuccessful attempts, you still have a chance to accept credit card payments, but you have to find the. SMB Global is the option on our list with the longest standard contract length, three years. Our process is simple so you can focus on your business. The E-COMMERCE BROKER company helps to register a merchant account for Visa, MasterCard, American Express, and for a number of other brands of plastic cards and payment wallets. High-risk merchant accounts are for businesses in high-risk industries that sell high-value products or services, have a history of frequent chargebacks, and have an. This means, there is ongoing risk monitoring that is associated with all low-risk merchant accounts. various factors collectively decide the risk category for a particular business. 2% plus $0. With over a 95. A merchant account is a specific type of bank account that allows merchants to accept payments. 08-$0. Painless can help get you approved for your High or Low Risk Merchant Account. High-risk merchant accounts belong to businesses with a significant likelihood of getting chargebacks after a transaction. A merchant account may be classified as low-risk due to one or more of the following factors: If the average monthly transaction volume is less than $20,000. GSPAY is a little-known high-risk merchant account provider that offers a variety of fixed rates for different types of businesses. CorePay. PaymentCloud: Best for free credit card terminal. High-risk merchant accounts differ from low-risk accounts in the following ways: Almost always a full-service merchant account (PSPs typically don’t accept high-risk businesses) Extensive underwriting process required before account approval; Might be underwritten by an offshore bank or processor; Typically require a long-term contract To lower risk, the merchant account provider may seek address verification. 05%-0. Where such a high-risk account is involved, banks tend to be hostile, and such industries are almost completely barred from opening accounts. Interchange + 0. Differences Between High Risk vs. Low-Risk; High-Risk; ACH; Application; About;. Low risk merchants are not usually required to set aside a reserve fund unless they have a low credit score. The biggest, and most obvious, difference between a traditional merchant account and a high risk merchant account is the risk level they accept for their services. A high-risk gateway is compatible with. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. Again, it all comes back to that one word: risk. Ultimately, this results in downtime while they resolve the issue. Low Risk merchant accounts allow organizations that are deemed low-risk to accept payments online and offline. Banks are wary of working with businesses that have a low credit score. High-Risk Merchant Account vs. 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. Chargeback Prevention. In general, the low-risk merchant account is cheaper than the high-risk merchant account because a low-risk merchant account comes with many restrictions. Not only that, it also has acquired bank partnerships, skills and a good reputation to help your high risk business acquire a merchant account. There are two main types of merchant accounts: a general purpose and a specialized merchant account. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. Excessive chargebacks are a prime reason why merchants are denied payment processing services. Mony Zenou, Founder, President, and CEO of Dejavoo Systems joins the show to discuss the power of cloud based POS offerings, and more. , Canada, Japan, Australia and the countries in. These businesses often operate in industries that, for various reasons, carry a higher level of risk. The average rates for setting up a low risk merchant accounts start from around one hundred and fifty US dollars. Low-Risk Merchant Definition. Low-risk merchant account suppliers are also available along with high-risk merchant account providers. You can expect to. Merchant accounts work to process transactions so that customers can make sales with a debit card or credit card. An International Merchant Account is a specialized financial service enabling businesses to accept and process customer payments across different countries and currencies. gateways guarantee safe work with bank cards when paying through a website on the Internet. Low-risk merchant accounts are less expensive and have fewer requirements, but are only available to businesses in low-risk industries. A merchant account is a bank account into which a merchant's payment processor. Consequently, many applications are turned down. They will provide the best rates for services, plus they will offer more lenient terms for services. The company guarantees the lowest rates and prides itself on. These include reduced fees and less of a need. Payment processors that offer high-risk merchant accounts understand the unique challenges faced by high-risk merchants, such as an increased likelihood of chargebacks or fraud. Generally, high-risk business owners can expect credit card processing rates of 0. Certificate of incorporation. Prior applying for a merchant account, you must know if your business comes under low-risk. Some examples of low risk industries for credit card processing include: Retail: Physical stores that sell tangible goods, such as clothing or. Stax: Best for avoiding transaction fees. Fortunately, we offer an easier and cheaper way here to accept card payments online. High-risk businesses are charged greater processing fees than low-risk enterprises to determine the interchange cost they will pay. high risk merchant accounts is the amount of. And with evidence showing that 75% of eCommerce businesses saw an increase in fraud attempts in 2021, it’s more important than ever to understand high-risk transactions, as. Best for chargeback monitoring: SMB Global. The total transactions they process each month are less than $20k, they do. You’ll likely pay higher in merchant account and payment processing fees. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. These merchant accounts generally have higher chances of fraud and chargebacks. That being said, the difference between high risk and low risk isn’t. As one of the most trusted merchant account providers available, Payment Cloud has serviced hundreds of popular high-risk merchants. High-risk Vs. Customers add products and enter their payment details to pay for their orders. Prior applying for a merchant account, you must know if your business comes under low-risk. Triangulation Fraud. When can you apply for a bad credit merchant account?Everyone can send an application, whether low or high-risk; however, the process might differ. The quality that sets this company apart from its. For instance, one of the disadvantages is the fact that it might take longer to obtain one than it would in the case of a low-risk merchant account. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. For more information, visit the Host Merchant Services website or call (888) 727-4538. That said, they have the benefit of more generous transaction limits and. Even low-risk merchant account fees vary widely. Other examples of high-risk businesses include bail bonds, electronics, and credit repair companies. Compared to a regular account, a high-risk merchant account will have the. That is probably the most unpopular pricing model, but it’s hard to avoid. 2. The merchant account provider will likely approve your application if your business history and transaction type make you a low-risk option. Low Risk Merchant Accounts. They range from $10 to $50 for most companies. net is a payment gateway solution from Visa. Businesses classified as low-risk typically operate. PaymentCloud: Best for High-Risk Businesses 5. The underwriting process for high-risk credit card accounts is more stringent than for low-risk accounts. 2. Our payment experts approve 99% of low and high-risk merchants for full-service payment solutions, becoming the #1 provider for payment processing, funding, and so much more. The high risk gateway services. 1. With experience learned through a few risky transactions, the high-risk merchant account holder will grow wiser and discern between different markets to. It is best to find a high-risk processor who understands the needs of businesses with bad credit. Step 1 — the first step of the merchant account process involves a transaction made by the customer. A voided check, or other proof of bank accounts such as a signed bank letter or barring that, your bank’s routing number and your bank account number. High-Risk vs. Online merchants, in the eyes of acquirer banks, are divided into 3 categories: high, Easy Pay Direct is a payment gateway and merchant account provider that serves a wide variety of high-risk and low-risk industries. Best for online and international sellers: Durango Merchant Services. However, Corepay is here to help, by using our many years of expertise and. Fastest application process: Soar Payments. 9% fee plus $0. your business’s features. 25 transaction fee. 1. Low risk merchant account include online apparel stores, bookstores, pet supplies, retail shops, parking garages, and more. Low-risk businesses are easier for merchant service providers to trust. Why Some Businesses Need a High-Risk Merchant Account to Use an Authorize. There can also be both the categories which support High-risk Business and Low risk Business. Low-risk merchant account. 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. Low-Risk Merchant Account High-Risk Merchant Account; Transaction volume: Less than £16,000 per month: £16,000 per month or more: Average transaction size: Less than £400: £400 or more: Country of operation: Low-risk country (e. Treati. Treati. They won’t work with certain industries because they don’t want risk. Here are the best international merchant services that provide international payment processing, international payment gateways, and international merchant accounts for a variety of circumstances. Our objective is to give customers the satisfaction and be a reliable provider. No advantage or low cost is worth it if a provider does not offer adequate customer service. Easy Pay Direct: - Primary product is proprietary EPD gateway. You may also end up paying for a long list of services such as PIN debit network fees, payment gateway fees, monthly account fees, and more. High risk merchant accounts come with higher transaction fees, stricter underwriting requirements, rolling reserves, and limited processing options. High-risk payment gateway Europe is a payment gateway designed to facilitate high-risk transactions for merchants and customers in the European Union. Riskier companies may still be approved, but with. Working with the low-risk business is more secure, as the low-risk merchant account is safer in terms of chargebacks, potential fraud events, business credit history, and so on. Banks use more resources and face higher risks when onboarding unique businesses. These gateways are equipped to handle the nuances of risk credit. Operate your low risk business easily. unique tool that allows you to efficiently process payments online. $25 monthly payment gateway fee. SMB Global is a self-described "one-stop shop" for payment processing. Soar Payments, by contrast, has. The business is in a low risk industry. High risk merchant account providers can make it possible to set up an account after a day or two. Our team of expert advisors is on call 24/7 to help you get set. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. For the approval of a high-risk account, merchants need to have a solid credit history and chargeback management records. Traditional merchant accounts only accept businesses that are considered low risk with little or no chargebacks, operating in a low risk industry, and little or no history of fraud. As long as you only sell legal products and services, Corepay can probably accommodate your business. For instance, you can benefit from higher approval. Low Risk. When your business has been labeled a high-risk merchant account, you will almost always pay higher. Longer approval times are almost always due to delays while underwriters wait for additional information from the business owner. Square Merchant Services: Best for Startups. To understand low risk merchant accounts, you’d probably see that the qualifying factors are the polar opposite to what constitutes a high risk merchant. io is a newly-established merchant account provider that caters to both high-risk and low-risk US merchants. To open a merchant account, the business has to be legitimate. Since account providers consider high-volume merchant accounts to be at higher risk, you will pay more for your credit card processing. This may include per-transaction and chargeback fees as well as setup, cancellation, and other one-time costs. account, so you can focus on the best processing options. One of the biggest differences between low risk vs. 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. The business is in a low risk industry. PaymentCloud: Best for free credit card terminal. High risk rates as low as blended 2. Low-Risk Merchant Accounts. 3) Moto merchant accounts. Typically, monthly fees range from $10 to $50. Claim your card reader. Low personal credit score, typically 500 or less; Outstand liens on property; Applying to a high risk merchant account provider you must be sure to have all the proper documentation ready and identify the terms and fees that will be coming from the provider. Due to its great track record with high-risk. A high risk payment processor should provide excellent service and competitive rates—but there are some negative aspects of high risk merchant accounts that are unavoidable. It is important to keep in mind that fees for a credit merchant account typically are. Your customer pays for your goods or services with a credit card using your POS equipment, a virtual terminal, or a mobile app. Compared to a regular account, a high-risk merchant account will have the following. As high-risk merchant accounts tend not to have as competitive terms as low-risk, we considered factors like a breadth of features, ease and cost of sign-up, and contract terms. The short answer: A high-risk merchant account is the solution to a high-risk business’s payment-related problems. Due to the company’s low fees, Helcim only approves businesses for credit card processing that are deemed as “low risk” accounts in the merchant account industry. You need a partner that truly understands your industry, provides transparent and competitive rates, and helps maximize your revenue potential. Square. EMB has made it their responsibility to offer a range of local and offshore merchant accounts to all low risk and high-risk merchants. A high-risk merchant account is for businesses that operate in high-ticket industries with increased risks of fraud and chargebacks. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. The long, technical, boring answer: A merchant account is a type of bank account in which transaction funds sit until final settlement, at which point processing fees are deducted and funds are transferred to the merchant’s. High-Risk Merchant Services. Low-Risk Merchant Accounts. Simply keep in mind that we determine our rates based on your monthly processing volume as well as your individual business’s risk factor, but our rates can start as low as 6. Get Accepted for a merchant account via our easy online application with the leader in merchant accounts for. If your business fits into any of these categories, you’re primed to start working with Dharma. It offers and contains all the features just like the regular and domestic merchant account. Click any of the links above to begin comparing costs on merchant account services for your own business's. processing application (MPA) that is signed and completedHigh-risk merchant accounts allow risky business ventures to take credit/debit card payments from customers. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. Without a high-risk merchant account, ecommerce businesses eventually may face the risk of. It’s nearly impossible for an eCommerce business to survive without accepting credit or debit cards in today’s time. account, you will typically need the following: A merchant A business that accepts credit cards for goods or services. Hence, its functioning is a little bit different from the usual low-risk merchant accounts. Some businesses have to pay high fees rather than others. If you are the owner of a small or medium business in online retail, games, IT, digital content or non-profit sector, then EU Merchant Account will help you open a special “Low/Medium Risk Merchant Account”. Based on various characteristics, credit card processors divide merchants as either high risk or low risk. Processors may charge different fees, require different reserves, may vary the terms and conditions, or have different application processes depending on the risk category. MATCH List. - Accepts wide variety of high risk industries. Opening a merchant services account can require a number of documents to help the bank and its underwriters determine both the business and the. Low Risk High Risk; Chargeback rate: Under 1%: Over 1%: Average ticket size: Under $500: Over $500: Sales volume: Under $20,000/mo:. Dharma: Best for Transparent Pricing. Stripe: Best Online Processor. By contrast, a high-risk merchant who uses a payment processor like Paysafe should expect a fee as high as 7. Other Notable Features of 5 Star Processing. Low-, high-risk, & international merchant accounts; eCheck processing; Support for POS, online, & mobile transactions; Fraud protection services;. Show Summary. November 14, 2021. The good news is there are a lot of merchant service providers that specialize in high-risk merchant accounts. Tiered pricing usually offered to bad credit merchants. The merchant account provider will likely approve your application if your business history and transaction type make you a low-risk option. A merchant account may be classified as low-risk due to one or more of the following factors: If the average monthly transaction volume is less than $20,000. Dharma’s monthly fee is $20 per month. Helcim: No monthly account fee. Durango Merchant Services has been in the hard to acquire and international electronic payments industry for over 20 years. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. A high-risk merchant account is a business that a credit card processor is more likely to lose money on. The other way that payment processing services hedge against risk is to require high-risk merchants to maintain. Here at Shark Processing, our sole focus is securing low-cost,. You can access your funds with reduced processing times and minimal roadblocks with a high-risk merchant account. Almost any high-risk industry can apply for a merchant account with SMB Global. While they do also accommodate low-risk businesses, they are better suited to high-risk ones. in-person; 2. $0. We chose Treati. Payment processors that offer high-risk merchant accounts understand the unique challenges faced by high-risk merchants, such as an increased likelihood of chargebacks or fraud. Operating in a low-risk field like book sales, apparel retail or medical services; Businesses that are considered to be low-risk by payment service providers can get fair rates, fair policies, and chargeback protection. But they're more. For this type of business, the merchant needs a high-risk payment gateway and high-risk merchant accounts. Corepay is a domestic and offshore merchant account provider for both high-risk and low-risk businesses, advertising its services to the adult industry, CBD and hemp vendors, eCommerce merchants, online dating services, and other business categories considered high-risk. For instance, one of the disadvantages is the fact that it might take longer to obtain one than it would in the case of a low-risk merchant account. Worldwide vaping sales reached $15. It also includes enterprises where client payment details have an increased risk of exposure. [1] Statista. We like to think of. Check by phone merchant accounts are available to businesses in all types of industries. They have employment in a sector with a reduced rate of chargebacks, frauds, or refunds. 3. It allows merchants to accept customer payments in any currency, including Euros, Sterling, Dollars, and other major. They’re so well-established in fact that they work with over 60,000 merchants. 95%. 1) High-risk merchant accounts. You already have a merchant account and only need the NMI gateway. To define a low-risk merchant account, it’s important to look at the common characteristics of these accounts. WorldPay – Best for set monthly fees and regular payouts. The business or the owner has a bad financial history. Our team of experts is here to support you every step of the way. CDGcommerce: Best for an eCommerce/MOTO specialist. Helcim : Best All-in-One Platform. Friendly Client Support. Keep reading to learn more about high-risk merchant accounts, how you may have become high-risk, and how to become low-risk by getting off the MATCH List. This is very long compared to the typical month-to-month offering for high-risk merchant accounts, so keep that in mind before choosing them. A reserve, in simple terms, is a security deposit for the acquiring bank, and its goal is to protect them from potential risks associated with your merchant account. Just use the form above, and we will email you the quick set-up procedure right away. Only one type of currency is accepted. Staying on top of any requests for supporting documents. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. Riskier companies may still be approved, but with.