MERCHANT ACCOUNTS TYPES

High Risk Merchant Account

There are a number of factors that can contribute to whether a business is classified as high risk. Transaction size, industry type, chargeback history, and products/services delivery time frames all weigh into the final decision.

Below are a list of common industry types that are considered high risk from a merchant account underwriters standpoint. 

If your business doesn’t fit squarely into one of these categories, just reach out to one of our team members for a custom quote.

These businesses types are considered high risk: 

Z

Discount buying memberships/clubs

Z

Airlines and Travel

Z

Bidding and auction

Z

Direct marketing (telemarketing)

Z

Drug paraphernalia

Z

Debt collection

Z

Credit repair

Z

Currency and exchange

Z

e-Cigarettes and CBD

Z

Firearms and weapons

Z

Dropshipping

Z

Bankruptcy law

Z

Bail bonds

Z

Coaching programs (forced continuity)

Z

Nutraceuticals and Online Pharmacies

Z

eCommerse Stores

Other Potentially High Risk Merchant Account Categories

eCommerce Products | Pawn Shops | Bad Personal Credit | Coins & Collectables | Dating Sites | Credit Monitoring | Forced Continuity Billing Programs | Document Preparation | Online Health and Beauty | Marketing Coaching Programs | High-Ticket Coaching | Vape | Subscription Boxes | SEO & SEM Marketing | Lottery Sweepstakes | Electronics | Ticket Brokers | Money Transfer | Time Share | and more…

High Risk Merchant Account FAQ’s

u

Does a low credit score keep me from getting approved?

No. We can work with low credit scores so if you’ve had trouble in the past, that doesn’t disqualify you from being approved. 

u

How do I know what terminal/equipment is right for my business?

That is something we help you determine based on the needs of your business. All you need to do is fill out the application and we’ll help you through the whole process!
u

Can I apply for a merchant account if I'm not incorporated?

Yes. You can apply for a merchant account by using either a unique tax ID number or for your SSN number as the owner.
u

Is there a long term contract with an account?

No. There is only a month to month agreement with all of our standard retail merchant account. (some of the retail cash discount programs that we offer require a long term contract)
u

How long does it take to get a high risk merchant account set up?

High risk underwriting typically takes between 1-3 weeks for approval. It is different and more involved than applying for a traditional merchant account. 

u

What kind of support is offered?

You’ll get access to the industry standard 24 hour support as well as direct support with a dedicated BancardSales team lead who will manage your account and help you through all issues you may encounter!

Did you find what you were looking for?

If you’re not sure if your business falls into a high risk merchant account category. One of our specialists will walk you through the details of the application process.

Accept Payments The Way You Want To

All of these merchant account types can be set up and tailored to fit the needs of your business. Your business doesn’t have to fit exactly into one of these solution types, we can customize and blend different processing account types to fit your needs.

Retail Merchant Account

This retail payment system allows you to accept credit card payments in your retail store with a dedicated credit card terminal.

Read More

Mobile Payment Processing

Start accepting mobile payments with iOS and Android compatible mobile apps that accept EMV cards and traditional cards.

Read More

Online Merchant Account

This online payment system gives you a virtual terminal and a hosted payment page customized to your business!

Read More

Cash Discount ($0 Fees) Processing

Pay 0% to process credit cards with a compliant cash discount program. We offer retail, mobile and online cash discount processing.

Read More

POS System Merchant Account

Swipe, dip or tap payments with a sleek and cutting edge POS terminal. Equipped to handle inventory and more!

Read More