If your business operates in a high-risk industry, it’s likely that you will need a instant approval high risk merchant account to accept payments for your products and services. High-risk merchant accounts offer specialized payment processing solutions that cater to the unique needs of high-risk industries, including high-risk payment processing, high-risk payment gateways, high-risk credit card processing, online payments, and ACH payments. By working with a high-risk merchant account provider, businesses can access the payment processing solutions they need to expand and grow.
Certain businesses are considered high risk because of the products or services they provide. As a result, they encounter higher chargebacks compared to traditional businesses. Some examples of businesses that fall under the label of high-risk are:
Certain businesses are considered high risk because of the products or services they provide. As a result, they encounter higher chargebacks compared to traditional businesses. Some examples of businesses that fall under the label of high-risk are:
To get a high-risk merchant account, businesses need to work with a high-risk merchant account provider that specializes in high-risk industries. Providers will typically require businesses to fill out an application form and provide documentation to verify their high-risk business and financial information. Providers will then review the application and determine whether to approve the account. It’s important to work with a provider that offers customized solutions and can guide the business through the application process.
The rates for high risk merchant accounts depends on the type of business and risk factors. The rate includes the authorization fee, settlement and capture, deposits, and any additional fees associated with payment processing.
Instant approval merchant accounts may seem like a quick and easy solution for businesses in high-risk industries. However, these accounts often come with high fees, limited payment processing solutions, and little to no customer support. In addition, many instant approval merchant account providers have strict account approval criteria that may not be suitable for all businesses. It’s important for businesses to work with a high-risk merchant account provider, such as Merchantech, that offer customized solutions and expert guidance to help them succeed.
Fortunately, since the beginning of our company, Merchantech has consistently provided Best High Risk Payment Processor to companies across numerous industries. We pride ourselves with integrity, honesty, dedication, and service. Let us help you start accepting credit cards for your high risk business. We think your business should be able to accept credit cards as payment, regardless of your sector or circumstance, as easily as you accept cash. We have also explained the tips to get high-risk merchant services, follow the steps and apply for one.
Merchantech integrates with multiple payment gateways. Our payment gateway makes high-risk credit card processing safer and more secure by including fraud prevention technologies.
USAePay uses Transport Layer Security for all of its connections and processing (TLS) to guarantee your safety.
Authorize.Net is compatible with most online ecommerce sites such as Shopify, BigCommerce and more.
A vital cornerstone of any payment gateway is a secure of tokenized cardholder information. This accessibility to prior transactions, especially vital for recurring payment.
A reliable payment gatewy can not only assist in effciency, but also inform future decisions for your business. Recieve detailed reporting of your transactions, view individual transactions and settlements seamlessly.
Streamlining payment processing and invoices are crucial in the success of your busienss. Genrate invoices from your gateway and directly send via email payment. Once recieved, your customers will easily make their payments with few clicks
A good payment gateway makes safety and security foundational. Set up your own rule-based parameters to help protect you and your cutomers from fraudulent activity.
The use of the most modern and robust encryption system, P2PE, is utilized in order to ensure no cardholder information is ever exposed. You can rest assured that every transaction will be encrypted and secured.
Allowing your customers to use their preferred mode of payment is key in predicting future success. It not only leads to repeat customers, but also greater opportunities in generating revenue. Your payment gateway will give you the capability to accept debit cards, Visa, MasterCard, American Express and Discover, among many others.
We make it our priority to offer our customers the fastest approval time with the best available rates.
Signed application
Three months of business bank statements
Three months of credit card processing statements, if available
Voided check
Driver’s license
Copy of lease for business
Additional documentation may be required depending on business type.
High-risk merchant accounts offer a range of benefits to businesses in high-risk industries, including expanded payment processing solutions, global payment processing, improved cash flow, customer support and resources, and customized solutions. By working with a high-risk merchant account provider that specializes in high-risk industries, businesses can access the payment processing solutions they need to expand and grow.
When picking a high-risk credit card processor, it is important to find one that specializes in your type of business. Merchantech has over 14 years of experience in helping high-risk companies accept credit cards. We specialize in offering high risk merchant services across the country with high risk credit card processing solutions.
Payment Processing
