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:
Discount buying memberships/clubs
Airlines and Travel
Bidding and auction
Direct marketing (telemarketing)
Currency and exchange
e-Cigarettes and CBD
Firearms and weapons
Coaching programs (forced continuity)
Nutraceuticals and Online Pharmacies
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
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.
How do I know what terminal/equipment is right for my business?
Can I apply for a merchant account if I'm not incorporated?
Is there a long term contract with an account?
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.
What kind of support is offered?
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.
Mobile Payment Processing
Start accepting mobile payments with iOS and Android compatible mobile apps that accept EMV cards and traditional cards.
Online Merchant Account
This online payment system gives you a virtual terminal and a hosted payment page customized to your business!
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.