High Risk Merchant Services

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.

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.

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.