Some High Risk Industries Include:
When a business type is determined to be a high risk business, it requires a credit card processor with intricate knowledge of the industry it serves.
At High Risk Solutions we know the best way to structure your high risk merchant account to save time and money. We have been providing high risk merchant accounts for High Risk Industries since 1995.
- Adult Websites
- Adult Toys
- Adult Videos
- Airline Tickets
- Ammunition
- Apparel
- BitCoin – Crypto Currency
- Cash Advance
- Cigars
- Credit Repair
- Collection Agencies
- Continuity
- Dating websites
- Debt Consolidation
- Downloadable Software
- E-Cigarettes
- Educational Software
- Electronics
- Escort Services
- Extended Warranties
- Fantasy Sports
- Financial Services
- Forex Trading
- Insurance Brokers
- Internet Gambling
- Law Firms
- Loan Services
- Membership Organizations
- Multi-Level Marketing
- Online Gaming
- Penny Auctions
- Pharmaceuticals
- Timeshares
- Vapor products
- Weapons
- Auctions
- Binary Options
- Calling cards
- CBD Products
- Debt Collection
- Electronic Cigarettes
- Forex
- Hemp Oil
- International e-commerce
- Insurance Merchants
- Lotteries
- Magazine Subscriptions
- Matrimonial Services
- Membership Sites
- Multilevel Marketing
- Nutraceuticals
- Online Casinos
- Online Gaming
- Online Retail
- Personal Injury
- Payday Loans
- PPI Claims
- Phone Sex
- Satellite TV Repair
- Scholarship Programs
- Social Gaming
- Stock Trading
- Strip Clubs
- Tech Support
- Telemarketing
- The Alcoholic Beverages Industries
- Travel industry (airlines, vacation rentals and packages)
- Web hosting
- Weight Loss
Some High Risk Industries Include:
When a business type is determined to be a high risk business, it requires a credit card processor with intricate knowledge of the industry it serves.
At High Risk Solutions we know the best way to structure your high risk merchant account to save time and money. We have been providing high risk merchant accounts for High Risk Industries since 1995.
- Adult Websites
- Adult Toys
- Adult Videos
- Airline Tickets
- Ammunition
- Apparel
- BitCoin – Crypto Currency
- Cash Advance
- Cigars
- Credit Repair
- Collection Agencies
- Continuity
- Dating websites
- Debt Consolidation
- Downloadable Software
- E-Cigarettes
- Educational Software
- Electronics
- Escort Services
- Extended Warranties
- Fantasy Sports
- Financial Services
- Forex Trading
- Insurance Brokers
- Internet Gambling
- Law Firms
- Loan Services
- Membership Organizations
- Multi-Level Marketing
- Online Gaming
- Penny Auctions
- Pharmaceuticals
- Timeshares
- Vapor products
- Weapons
- Web hosting
- Auctions
- Binary Options
- Calling cards
- CBD Products
- Debt Collection
- Electronic Cigarettes
- Forex
- Hemp Oil
- International e-commerce
- Insurance Merchants
- Lotteries
- Magazine Subscriptions
- Matrimonial Services
- Membership Sites
- Multilevel Marketing
- Nutraceuticals
- Online Casinos
- Online Gaming
- Online Retail
- Personal Injury
- Payday Loans
- PPI Claims
- Phone Sex
- Satellite TV Repair
- Scholarship Programs
- Social Gaming
- Stock Trading
- Strip Clubs
- Tech Support
- Telemarketing
- The Alcoholic Beverages Industries
- Travel industry (airlines, vacation rentals and packages)
- Weight Loss
Does Your Business Need A High Risk Merchant Account?
High risk merchant services is provided for all legal forms of high risk business types. It should be the aim of every high risk business to have a merchant account. With our high risk services, businesses can accept credit cards and other forms of payments for their products and services. Since high risk businesses do not qualify for traditional merchant services, a high risk solution is what we solely focus on.
If you’ve been turned away or declined because other credit card processors consider your businesses type as too risky, High Risk Solutions can help.
What Is A High Risk Merchant Account?
Our high risk merchant account , which is included with out high risk merchant services, is an account set up by specific financial institutions to provide credit card processing services to those industries that fall under certain high risk business categories.
FEATURES INCLUDED WITH OUR ECOMMERCE HIGH RISK MERCHANT SERVICES
Virtual Terminal
Electronic Invoicing
Third Party API Integrations
Recurring Billing
Website Checkout Integration
Account Updater
Echecks / ACH
Product Manager
Quickbooks Sync
Accept In Store Payments
Detailed Reporting
Fraud Prevention
Why Does My Business Need A High Risk Merchant Account?
High Risk Merchant Services came about out of necessity. Traditional payment processors are simply not allowed to process credit cards because of their sponsoring bank’s rules. Each high risk merchant service provider has to have a sponsoring bank in order to be a payment processor.
All high risk merchant service providers have to oblige by those rules. If they don’t, then they could jeopardize their entire payment processing business. High risk solutions is not exclusive to any one specific sponsoring bank. This is how we are able to strategically provide high risk merchant accounts for all business types.
Why Do Sponsoring Banks Have Restrictions With High Risk Merchant Services?
Sponsoring banks have many reasons when it comes to certain business types being prohibited or restricted. Some of these reasons are because of legal restrictions, products that require a minimum age, excessive chargeback history from specific biz types, and high levels of fraud that they have dealt with in the past. As you see, these are only a few reasons mentioned here, but their are many more.
In addition, some specific banks want to keep their noses clean with the media and their banking customers. This is the primary reason why business types are labeled as High Risk. An example of some tougher high risk businesses to get approved are a nutraceutical merchant account, a debt collection merchant account, and a gambling merchant account.
Get Started Today!
Let High Risk Solutions provide your business with the best merchant account services at the guaranteed lowest price!
How is High Risk Solutions Able To Provide High Risk Merchant Services?
Basically, there are selective specific sponsoring banks that don’t focus on the negatives when it comes to providing high risk merchant services. These banks tends to specialize in certain high risk business type. They are able to do this because of extensive market research and the gross volume of merchants they are able to accept on their books. As long as legality isn’t questioned with your business then High Risk Solutions is able to provide high risk merchant services for your business.
What Currencies Are Accepted With Your High Risk Merchant Services?
You will be able to accept USD, CAD, EUROS and many international currencies based upon processor integration(s). You will also have the option to be able to accept High Risk Echecks, and Crypto Currencies.
What Type Of Credit Cards Will I Be Able To Accept With High Risk Solutions?
Visa, MasterCard, Maestro, American Express, Discover, JCB, Paypal, Apple Pay, Samsung Pay, Gift Cards, Pre Paid Credit Cards, Pin Based Debit, and all Foreign Credit Cards.
Do Your Ecommerce High Risk Merchant Services Have The Same Tools Available As Your Low Risk Merchant Services?
100% Yes! We offer the same exact tools and features. Not only do we offer the Best Payment Gateway for High Risk Business Types, but our gateway is compatible with over 150+ Shopping Cart Providers. Read below to see other features we offer.
Get Started Today!
Let High Risk Solutions provide your business with the best merchant account services at the guaranteed lowest price!
Do Your High Risk Merchant Services Require A Hold Back On Payment Processing?
A Hold Back, also known as a reserve, is a pre-determined amount that is set on some types of merchant accounts. Typically the holdback amount with high risk services is bewteen 5 and 10%. This means that this hold back percentage is taken out of each credit card sale until your allowed monthly volume is met. This amount stays on record for the entire time you are processing credit cards.
Can Businesses Avoid Having A Hold Back With Your High Risk Merchant Services?
Yes! If your company has good credit or has good a history of payment processing, then a hold back can be avoided. Typically Hold Backs become more common when a business is processing high monthly volume, however these types of businesses can also qualify for a high risk merchant account without any kind of hold back or reserve.
If My Company Is Assessed A Hold Back Then When Will That Hold Back Money Be Deposited In To My Checking Account?
If your company has clean processing after six consecutive months then at that time we will be able to apply to have the hold back removed entirely. If your company has some bumps along the road with chargebacks or too many refunds then this money typically is deposited into your checking account after your merchant account has been closed. The time can be as early as one month to as many as six months.
Get Started Today!
Let High Risk Solutions provide your business with the best merchant account services at the guaranteed lowest price!
5 Things to Look For In A High Risk Merchant Service Provider
The favorability of a high risk merchant account service will depend on how well it is suited to your business plan. Indeed, the experience and skill required to make a perfect match is extensive and the details that must be considered are vast. Nevertheless, the following 5 pointer strike at the heart of the matter and can provide you with valuable perspective when making this important decision for your business.
1. Choose The Best Provider For Your Business Type
As mentioned earlier, there are many different companies in many different industries that could be considered high-risk. This could include telemarketing companies, Online Pharmacies, Nutraceuticals, and many others. Don’t bother with the rest, look for the high-risk merchant service provider that services other businesses like your own. This will give you the highest chances of finding a good set of industry specific perks that will make this plan all the more profitable.
2. Understand the Risks and Charges
If your company has clean processing after six consecutive months then at that time we will be able to apply to have the hold back removed entirely. If your company has some bumps along the road with chargebacks or too many refunds then this money typically is deposited into your checking account after your merchant account has been closed. The time can be as early as one month to as many as six months.
3. Variety of Payment Types
This is a service you will be paying for, so make sure they have as many advantages as possible. Look for those that offer an extensive variety of payment types in addition to credit card payments. The very best high-risk merchant accounts will offer an extensive variety off online payment options.
4. Security Measures
You will want to be sure that your high risk merchant account is not open to a whole different type of risk. Malicious hackers cost businesses millions each year and this is not a cost you want to add to your service. Look for a firm with a protection plan to safeguard from chargebacks and frauds. They should also run off secure databases that protect client information and transactions from cyber-snooping.
5. Excellent Customer Support
Furthermore, don’t get the idea that “high risk” carries a derogatory connotation and therefore must forego common professional courtesy like customer service. High risk business risk much to bring their products and services to their customers. Because you will be depending greatly on the performance and efficiency of your high-risk merchant account service, don’t accept poor customer service even if the rates are slightly better. If you have any sort of issue, you will need a service provider who will have your business back online post haste.
Get Started Today!
Let High Risk Solutions provide your business with the best merchant account services at the guaranteed lowest price!