Industries
These types of businesses and others like them have to use a high risk bad credit merchant account to process credit cards. Indeed, customers like the safety and ease of using a credit card both online and for purchases over the phone.
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DO YOU HAVE ANY QUESTIONS
Frequently Asked
Questions
What about PayPal, Square, and Stripe?
Do they accept high-risk merchant accounts?
Unfortunately, there is no online payment processor that will work with high-risk businesses. For example, all three payment processors mentioned above do not allow merchant accounts for adult entertainment, gambling, or CBD companies – to name a few. Their policies are understandably restrictive in this regard.
On the hunt for a PayPal, Square, or Stripe alternative? High Risk Pay has got you covered. High Risk Pay offers high-risk merchant accounts and payment gateway solutions to businesses from all verticals. We don’t discriminate. We offer fair, transparent pricing for high-risk merchants, starting from 1.79%. Plus, you’ll never be charged a setup fee or application fee. Get started today.
COMPETITIVE RATES
An Affordable High-Risk Merchant Account
At High Risk Pay, we believe in fair fees for high-risk merchant accounts, keeping costs similar to traditional card processors without charging extra for businesses with higher fraud risks. Unlike other providers that may charge steep application or setup fees, High Risk Pay offers free setup, giving you flexible ways to accept credit and debit card payments while making transactions convenient for your customers.
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Advantages you’ll received by accepting electronic funds transfer
Boosting sales
Many customers, especially those who invest in certain high-risk industries, might not have a credit or debit card readily available. While most people in the United States have at least one credit or debit card, an even greater percentage of the population has access to a bank account. This situation is doubly true for consumers in older demographics or those in low-income brackets. Since ACH processing requires a routing and account number, your customers can quickly make a purchase using this method. Learn about direct marketing continuity subscription charge.
Gaining a competitive edge
Many customers either prefer or have easier access to payment directly from their bank accounts. Accepting ACH processing will give you an advantage over other firms in your industry that have more limited payment options. Plus, in an era when eco-conscious decisions are important to many customers, the paperless nature of ACH payments can serve as a selling point to any of your environmentally conscious customers.sime
Lowering fees for ACH processing
Since ACH fees are a fixed amount per transaction instead of a percentage fee, electronic checks are equally useful for merchants who set up recurring payments or who sell high-dollar items. Since those in high-risk industries typically have to pay a higher fee for payment processing overall, this lowered cost can help offset your other payment-related expenses.
The world of ACH processing also comes with equally many electronic resources. Tools such as automatic invoices, emailed receipts, and similar resources can help decrease your workload and increase the level of communication with the customer. In addition to helping make sure to deliver payments promptly, this automated communication can help build your relationship with your buyers and ensure that they stay loyal to your company.
Electronic checks also process quickly. While the industry standard for high-risk payment processing is four days from the date of the transaction to the time of the deposit, electronic funds transfer processed by High Risk Pay will typically reach your account in 24–48 hours. In addition to providing extra flexibility with the use of your resources, this expedited processing window ensures that any issues — such as insufficient funds on the customer’s end — are recognized early.
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Advantages you’ll received by accepting electronic funds transfer
Boosting sales
Many customers, especially those who invest in certain high-risk industries, might not have a credit or debit card readily available. While most people in the United States have at least one credit or debit card, an even greater percentage of the population has access to a bank account. This situation is doubly true for consumers in older demographics or those in low-income brackets. Since ACH processing requires a routing and account number, your customers can quickly make a purchase using this method. Learn about direct marketing continuity subscription charge.
Gaining a competitive edge
Many customers either prefer or have easier access to payment directly from their bank accounts. Accepting ACH processing will give you an advantage over other firms in your industry that have more limited payment options. Plus, in an era when eco-conscious decisions are important to many customers, the paperless nature of ACH payments can serve as a selling point to any of your environmentally conscious customers.sime
Lowering fees for ACH processing
Since ACH fees are a fixed amount per transaction instead of a percentage fee, electronic checks are equally useful for merchants who set up recurring payments or who sell high-dollar items. Since those in high-risk industries typically have to pay a higher fee for payment processing overall, this lowered cost can help offset your other payment-related expenses.
The world of ACH processing also comes with equally many electronic resources. Tools such as automatic invoices, emailed receipts, and similar resources can help decrease your workload and increase the level of communication with the customer. In addition to helping make sure to deliver payments promptly, this automated communication can help build your relationship with your buyers and ensure that they stay loyal to your company.
Electronic checks also process quickly. While the industry standard for high-risk payment processing is four days from the date of the transaction to the time of the deposit, electronic funds transfer processed by High Risk Pay will typically reach your account in 24–48 hours. In addition to providing extra flexibility with the use of your resources, this expedited processing window ensures that any issues — such as insufficient funds on the customer’s end — are recognized early.
WHAT WE DO
About High Risk Pay
Choose High Risk Pay as your merchant account provider
Choose High Risk Pay as your merchant account provider. High Risk Pay’s expertise and long-term relationships with banks and other financial institutions ensure that your business is always tapped into the most reliable services in the industry. Our high-risk merchant account solutions offer several valuable features for new and existing businesses alike, including chargeback management, credit card acceptance, fraud prevention, and ACH/eCheck processing.
By providing only the best industry-leading services, we strive to become the preferred high-risk merchant account provider for businesses throughout the U.S. Manage your payments faster, safer, and for less. Get instantly approved for your high-risk merchant account with us today.
Instant Approval for High-Risk Merchant Account
The underwriting process for high-risk businesses may take up to a few extra days than usual, especially in highly regulated industries. Rest assured that our team works as hard as possible to get you approved quickly.
The approval process at High Risk Pay typically takes 24 to 48 hours, which is faster than most other high-risk merchant account approvals. Our number one priority is to get your merchant account up and running as quickly as possible. A 99% approval rate means that your unique business is almost guaranteed approval and that you can begin accepting payments quickly and easily.
High-Risk Merchant Services for Any Credit History
At High Risk Pay, we offer merchant services for any credit history. We can set you up with a high-risk merchant account, even with bad credit. Not convinced? Our high-risk merchant account high average approval rate is 99% – the highest in the industry. With High Risk Pay, quickly get a bad credit merchant account with fast approvals and no setup and cancellation fees. It’s very easy to apply online. Find out more about our bad credit merchant accounts here.
High-Risk Merchant Account at Competitive Rates
What about fees? A high-risk merchant account can have higher taxes and restrictions on it. Fees vary by provider and heavily depend on your company’s specific needs. But at High Risk Pay, we don’t believe in punishing customers for being in a business that presents a greater risk of fraud or chargebacks.
Through High Risk Pay, fees are similar to traditional card processors. In return, you as a business owner get many ways to accept credit cards and debit cards for transactions. You will have the pleasure of serving your customers, while making transactions as convenient for them as possible.
In addition, while other high-risk merchant account providers may charge up to a couple hundred dollars for application or setup fees, High Risk Pay charges nothing to set up your own high-risk merchant account.
MERCHANT ACCOUNTS FOR HIGH RISK BUSINESSES
What exactly is a high-risk merchant account?
Payment processing institutions assume some risk with each transaction. The payment processor automatically assumes liability when a merchant does not have the funds to reimburse a customer for a disputed or fraudulent charge. So, in order to reduce this liability, payment processors (and by extension, merchant account providers) are selective about the kinds of businesses they work with. They won’t offer merchant services to businesses in certain verticals if they deem them too risky or inherently susceptible to chargebacks and fraud.
Consequently, these high-risk businesses are referred to as “high-risk merchants”. A high-risk merchant can be any company that sells products within a niche market, be it online or in physical stores. Travel agencies, adult stores, SaaS providers, dating websites, firearms dealers, and other unique verticals fall into this category.
High-risk merchant accounts are therefore necessary for businesses of this nature. Certain merchant account providers, such as High Risk Pay, specialize in working with high-risk businesses and offer merchant accounts that are specifically designed for this purpose. Through these merchant accounts, high-risk businesses can continue to handle non-cash payments from customers such as credit cards, ACH, and eChecks.
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Why choose High
Risk Pay as your merchant
services provider ?
SPECIALIZED IN HIGH RISK
We offer high risk merchant accounts to all business types in high risk categories.
99% APPROVAL
We offer high risk merchant accounts to all business types in high risk categories.
FAST APPROVAL GUARANTEED
We offer high risk merchant accounts to all business types in high risk categories.
HOW IT WORKS
Applying for a High Risk
Merchant Account
Collect basic
information
(First and last name, email,
phone, website)
Fill out full
application
(Complete the merchant account application)
Sign the application
via DocuSign
(Sign and submit your application)
AM I A HIGH RISK MERCHANT?
How to Determine Whether
My Business is High-Risk
Each payment processor, bank, and account service provider define its own standards for identifying high-risk merchants. There are usually two major factors to consider: your industry (some verticals aren’t as stable or secure as others) and your financial profile (credit history, past performance, etc.).
Moreover, they may also consider how heavily regulated a business’s industry is a both the federal and state levels, and how saturated its market segments is with similar companies. But in general, the one big red flag that would make payment processors flag merchants as high-risk is if the industry is more prone to fraud and chargebacks. This alone is usually enough to send some merchant services providers running in the other direction. Fortunately, at High Risk Pay, we have the experience and knowledge to support businesses with high fraud rates, high sales volume, a poor credit score, or other factors that could lead you to be considered a high risk merchant.
WHO WE SERVE
High-Risk Merchants We Serve
Merchant Account
Merchant Account
Merchant Account
Merchant Account
Merchant Account
Merchant Account
Merchant Account
Merchant Account
Merchant Account
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Merchant Account
Merchant Account
Merchant Account
HOW WE’RE DIFFERENT
Merchant Account Services for High Risk Business
- Fast and simple application process
- Merchant services for any credit history
- No setup or cancelation fees
- Competitive rates starting from 1.79%
- We understand high-risk business
RESOURCES
Latest News
-
There are Advantages for Being a High-Risk Merchant Account
>Here is a news flash, most bankers like to charge fees but hate taking on risk. So, your banker has slapped the term high-risk merchant account to your banking…
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Things That Show Your Business Is High Risk
>If you’re a business owner, then you should know that there are certain things that could make your company high risk. If you don’t think about these…
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High Risk Payment Gateways and the Impact of Transaction Risk to Merchants
>In general, merchants offer products and/or services in exchange for payment from customers, be they consumers or other businesses. The vehicles for merchants receiving payments include (in…
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