541611 - Administrative Management and General Management Consulting Services. This is why eMerchant offers same-day approval for low-risk merchant accounts. Low-Risk Merchant Accounts As mentioned, standard (or low-risk) and high-risk credit card processing offer similar services—both facilitate payment processing for a business. Our low-risk merchant accounts are perfect for nearly any industry, including: Convenience Stores; Specialty Retailers; Low-Risk E-commerce; Clothing Boutiques;. Again, it all comes back to that one word: risk. Due to the division of businesses into low-risk and high-risk merchant accounts by payment processors, this is the case. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. Low Risk Merchant Accounts Finding the right credit card processing and merchant account provider is critical, yet challenging, for any business. Transaction fees: Often range between 1% to 3% of the transaction value. Click to get a free quote or call our experts at 888-302-8472. They won’t work with certain industries because they don’t want risk. It should be mentioned that there are low-risk merchant accounts that can permit all the . 30% + $0. Low-Risk Merchant Definition. Payment Depot: Best for High-Volume Businesses 3. 3% plus interchange if you’re among the low-risk merchants. A low-risk term will be PCI-compliant and will ensure all data it stores and uses is kept private and works in the right hands. Your payment service providers will impose a fee when you use your merchant account, accept credit card payments, or agree to pay from your debit cards. On the other hand, low risk merchant accounts. That is probably the most unpopular pricing model, but it’s hard to avoid. Durango Merchant Services has been in the hard to acquire and international electronic payments industry for over 20 years. Processes less than $20,000 monthly. A high-risk merchant account has the same features and functionality as a traditional, low-risk merchant account. High risk merchant accounts. Though, most of the process functions similarly to applying for a merchant account with good credit. National Processing: Best for an all-around processor. If you are the owner of a small or medium business in online retail, games, IT, digital content or non-profit sector, then EU Merchant Account will help you open a special “Low/Medium Risk Merchant Account”. Low-risk merchant accounts are best suited for businesses with low transaction volumes or large up-front investments. Laundering payments through a low-risk merchant account allows maximum proceeds while avoiding regulatory limitations. You have zero to low chargeback ratio. Reserve fees are standard amongst high-risk merchants, and this is one of the areas in which a low-risk and high-risk merchant accounts vary. Payment Gateway & Merchant Accounts. - Load balancing feature for high risk merchants. : Best for low. In the beginning stages of getting operations for your company up and running, there are many business owners who initially don’t even realize that their. Not only that, it also has acquired bank partnerships, skills and a good reputation to help your high risk business acquire a merchant account. You have zero to low chargeback ratio. Payline — Best for businesses looking for affordable interchange rates and who use Visa and Mastercard. You’ll probably face a higher fee to set up your merchant account, and then you’ll pay roughly 4-10% on every transaction compared to around 1-2% for a low risk account, which can have a serious dent on your margins. High-risk merchant account providers that accept travel businesses generally do not disclose their prices, relying instead on a. 800-567-3019. The phrase high-risk is a scary prefix for most business owners seeking a merchant account. % + $0. PaymentCloud: Best for free credit card terminal. With its expertise in high-risk merchant accounts, tailored payment processing options, competitive pricing, and excellent customer support, HMS is well-equipped to help CBD merchants efficiently and effectively process credit card payments. If you’re considered a “low risk” merchant, that’s good news! You can expect to have significantly more choices of merchant account providers than your “high risk” peers. With most full-service merchant account providers, you can expect to pay about $15-$30/month just for access to ACH processing, plus per-transaction processing charges that typically hover. Our payment gateway services give you access to information regarding your merchant account solutions. Have a zero to low chargeback ratio. Low-Risk Merchant Accounts. In the world of merchants, the ability to process. They typically have: Lower transaction volumes and low sales. If you already have a merchant account, we can set up an NMI payment gateway only account for you ASAP (usually the same day). YOUR HIGH-RISK MERCHANT PROVIDER. Keep reading to learn more about high-risk merchant accounts, how you may have become high-risk, and how to become low-risk by getting off the MATCH List. ccNetPay – Best for a simple pricing structure and EU transactions. A high-risk merchant account is a specific type of payment processing account that is required for certain businesses. But you don’t have to worry as eMerchant Authority has a. Low-Risk Merchant Accounts Differences in Processing, Fees, and Restrictions. Low-Risk Merchant Accounts. By partnering with QuadraPay, low-risk merchants can increase their chances of obtaining same day approval for a merchant account and enjoy the benefits of a reliable and secure payment. High-Risk vs. Traditional merchant accounts only accept businesses that are considered low risk with little or no chargebacks, operating in a low risk industry, and little or no history of fraud. Stripe. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. A merchant account may be classified as low-risk due to one or more of the following factors: If the average monthly transaction volume is less than $20,000. Soar Payments, by contrast, has. When can you apply for a bad credit merchant account?Everyone can send an application, whether low or high-risk; however, the process might differ. Your fees are contingent on several factors, such as the merchant’s processing history, type of industry (high or low risk) and/or projected sales volume. Our experts at Salus Payments recommend trying to keep your chargeback ratio less than 0. PayPal: Best for Ecommerce. but merchants need to read the fine print: this service comes at a price. Based in France, Corepay has recently expanded its reach to the US. The business is in a low risk industry. Here are the major differences between low risk and high risk merchant accounts. It also includes enterprises where client payment details have an increased risk of exposure. Registration fee: Once your account is set up, you’ll need to pay a 500 USD registration fee to VISA and Mastercard. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. Durango Merchant Services: Best for highest-risk businesses. High Risk. Helcim : Best All-in-One Platform. A low volume of transactions, just under $20,000 each month. 95%. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. This process is merchant underwriting. Underwriting process: The payment processor conducts a thorough review of the business’s industry, financials, chargeback history, and other relevant factors to determine the risk level. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. The provider may approve riskier applications but at a higher fee. Luckily, while the process to get one is a little more complicated, there are many benefits to a high-risk merchant account. However, PaymentCloud also handles payment processing for medium- and low-risk businesses. The truth is that it takes must time to get approved for a high-risk merchant account compared to the traditional merchant account. 10 per transaction (low-risk accounts) Processing rates vary by the acquiring bank/back-end processor (high-risk accounts). However, high-risk nonprofits may still be able to get the ETF waived. (Even low-risk businesses can wait up to 1-2 business days for approval. High-risk merchant accounts support online payments worldwide, which could increase revenue and growth. Payment gateways consider users with a few common traits low risk. Low-Risk; High-Risk; ACH; Application; About;. This may include per-transaction and chargeback fees as well as setup, cancellation, and other one-time costs. net lays the groundwork for a more streamlined high risk payment processing experience. 20. Additionally, a business with a heightened likelihood of fraud would be marked as high risk. Each merchant service provider received a rating based on over 50 data points. Considering that it really takes a longer period for the setup of these accounts unlike low risk accounts, a day is indeed significantly quicker. The increased financial risk can make financial institutions hesitant to work with your high-ticket business. Our team of expert advisors is on call 24/7 to help you get set. In simple terms, a high-risk merchant account is a payment processing account for businesses considered as ‘high-risk’ by credit card processors or banks. Authorize. This gives many merchants the opportunity to fix problems from previous processing partnerships and work towards a low-risk merchant account. There can also be both the categories which support High-risk Business and Low risk Business. Laundering payments through a low-risk merchant account allows maximum proceeds while avoiding regulatory limitations. However, ProMerchant’s pricing is considerably lower than Clover’s. Here at Shark Processing, our sole focus is securing low-cost, low-risk merchant accounts tailored […] Your business’s merchant account will be categorised as high or low risk depending on your industry, transaction values, chargeback history, and potential exposure to fraud. But with a knowledgeable and respectable payment processor like Signature Payments, high risk retailers can enjoy the lowest possible. io can offer merchant account approval for most low-risk businesses in about a day. During the merchant underwriting process, the payment provider will assign a risk level to the merchant account application. Zero or low chargeback ratio. Many also offer additional tools such as payment gateways, virtual terminals, and point. The processing costs for all transactions will often be higher than those charged by low-risk merchant accounts. While high risk merchants are businesses dealing with larger transactions of over $20,000, low-risk merchants are small business owners earning less than $20,000. One of the biggest differences between low risk vs. Easy Pay Direct is a payment gateway and merchant account provider that serves a wide variety of high-risk and low-risk industries. Usually offers tiered pricing to bad credit merchants. - Provides full service merchant accounts for high risk and non-high risk merchants. Level 2 processing is built-in, with no additional monthly fees. Certificate of incorporation. Square: Best overall. Genome's fees for some services differ for low-risk and high-risk accounts. High-Risk VS Low-Risk Merchant Accounts Low-Risk Merchant Accounts. PaymentCloud: Variable monthly account fee. Higher payment processing fees. We have a broad nationwide network which runs via our processing banks to merchant accounts. Since you open a. High-Risk Merchant Services. This merchant account allows the business to accept card payments but will come with additional requirements and fees. High Risk Pay Overview. High-Risk Credit Repair Merchant Account. That said, they have the benefit of more generous transaction limits and. . The Best High-Risk Merchant Accounts of 2023. In contrast to the application process for a low-risk merchant account, getting a high-risk merchant account can be more challenging because banking institutions prefer to offer low-risk customer. You are incorporated in a low risk state. Best for chargeback monitoring: SMB Global. A high risk merchant processor highriskpay. The second thing you need to know is the type of merchant account you’ll get with your application. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. YOUR HIGH-RISK MERCHANT PROVIDER. account, so you can focus on the best processing options. High Risk Pay is one of the fastest growing companies in the credit card industry since 1997. If a high-risk business uses a low-risk merchant account, they may experience: Violation of terms; Increased scrutiny; Chargebacks and penalties; Legal consequences The Best Merchant Account Service Providers of 2023. SMB Global is the option on our list with the longest standard contract length, three years. Opening a merchant services account can require a number of documents to help the bank and its underwriters determine both the business and the. Merchant accounts for high-risk businesses are more dangerous for banking systems to operate with. This means, there is ongoing risk monitoring that is associated with all low-risk merchant accounts. 50% + $0. 3D Secure Processing. Definition of Low Risk Merchant. That said, business credit experts have identified low risk industries for business credit that have a higher level of “fundability. FICO: N/A. The company specifically markets. Additional fees: Additional fees include PCI compliance, account setup, statement generation, and customer support. If the business has low to zero chargebacks. 2% plus $0. 1. Open a High Risk Merchant Account . What is a low-risk merchant account? For merchants with low volumes of transactions and average sales under $500, the benefit is a reduced processing fee. You can expect to. Of that 1%, even fewer actually ARE “High Risk” Providers and aren’t simply making a run at picking up extra business. Best one-stop shop: First Card Payments. If business owner looking for a Secure Merchant Account follow these steps: Create a Business Required Strategy. APR: Not disclosed. Low-risk businesses are easier for merchant service providers to trust. One unique feature offered by HMS is that free web hosting is included with your merchant account, making it that much easier to get up and running for online sales. National ACH specializes in offering high-risk merchant accounts to process ACH, e-checks, debit cards, and credit cards. High-risk businesses are also more likely to have returns, refunds, and chargebacks. We have over two decades of high-risk credit card processing experience and understand what it takes for high-risk merchants. But these obstacles shouldn’t stop you from running your perfectly legal and profitable business. Often people consider that offshore merchant account is for High Risk Businesses or for such businesses that cannot get approval by their domestic banks. A low-risk merchant account needs to meet many requirements, including a smaller number of transactions, low chargebacks, and low revenue. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. Application: The business applies for a high-risk merchant account with a specialized payment processor that specializes in high-risk businesses. Certain industries are labeled as high-risk – operating under more stringent regulations with substantially higher transaction costs (e. The high risk gateway services. You need to. High-risk merchant accounts are just as useful and beneficial as their low-risk counterparts. Only one type of currency is accepted. If you want to register for credit card processing and a merchant account, you must determine whether you are a low-risk or high-risk merchant. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. While the high-risk version is a bit expensive, it offers the merchant many. Many "low risk" merchants have a majority of their credit card transactions conducted in person ("card present"). Open a business bank account. high risk merchant accounts is the amount of. Helcim: No monthly account fee. Industries labeled low risk have. Full-service merchant accounts; Accepts most high-risk industries; Full line of countertop and mobile credit. High-Risk vs Low-Risk Merchant Accounts. Running high-risk sales on your lower-risk merchant account will often result in funds being held. Many low-risk businesses run into chargeback issues that force their merchant account to close. As such, the primary factors that matter with a high-risk merchant account are processing history and industry reputation. For instance, you can benefit from higher approval. A high-risk merchant is a type of merchant that a merchant account service provider and a merchant acquiring bank consider high-risk due to the company’s history of payments or the nature of business activities that can cause financial losses. Check by phone merchant accounts are available to businesses in all types of industries. 95% per transaction on average plus a $0. A high-risk merchant account is a label your payment processor has given your business. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. Low Risk merchant accounts allow organizations that are deemed low-risk to accept payments online and offline. This ecommerce store transacts through a virtual terminal and payment gateway. ”. But they can expand the possibility that the merchant will need a high-risk . In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. It also has a strong. Square. Processes less than $20,000 monthly. Low risk businesses are the least vulnerable to fraud and chargebacks, but nobody is immune. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. 8. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. A merchant account is a contract between a company and a financial institution that allows the company to accept. 30 per transaction. Higher set-up fees: High risk comes at a price and the price is that you pay more in setup fees. Durango Merchant Services: Best for eCommerce merchants. A high risk merchant poses more of a financial risk to the processing company. Here’s how this process works: 1. Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. High-Risk Merchant Accounts. Though low-risk merchant accounts have better pricing, they are also limiting for businesses that want to expand internationally. Their payment page is hosted by the payment. As long as you only sell legal products and services, Corepay can probably accommodate your business. We recommend the following steps when your account is terminated: Reach out to Paypal for a status update – this will likely result in you waiting for up to 180 days as they audit your account. Offers: Business loan matchmaking services. Low Risk High Risk; Chargeback rate: Under 1%: Over 1%: Average ticket size: Under $500: Over $500: Sales volume: Under $20,000/mo:. Banks are wary of working with businesses that have a low credit score. Low-Risk Merchant Account High-Risk Merchant Account; Transaction volume: Less than £16,000 per month: £16,000 per month or more: Average transaction size: Less than £400: £400 or more: Country of operation: Low-risk country (e. 40 per transaction, plus a required 10% reserve (which is standard for most high-risk merchants). If the business accepts only one type of currency. On top of that, there is a $500 cancellation fee. Businesses That Typically Apply For Low-Risk Merchant Accounts An online apparel store is an excellent example of a business that could be considered for a low-risk merchant account. [1] Statista. Notably, when it comes to merchant account processing for high-risk accounts, the approval may take longer. High-Risk vs. It exhibits a deep understanding of the intricate landscape of high-risk payment processing and presents solutions that go beyond conventional offerings. - No early termination fee even for high risk businesses. Low-Risk Merchant Accounts vs High-Risk Merchant Accounts. In Summary: 5 Best Bad Credit Merchant Account Providers. As your Store starts to get hit with chargebacks, your fees significantly increase and can get your merchant account frozen or terminated, especially when working with low-risk processors such as Shopify Payments/Stripe. Though, high-risk merchants need to pay extra than the traditional merchants. Are You a High Risk or Low Risk Account Merchant? Before you can begin researching merchant services providers, you need to ask yourself a few questions about the. Other features may include check processing services, online account reporting features, services to make sure your account is PCI Compliant and a lot more. Low-risk merchant accounts are designed for businesses that have a consistent volume of sales, low returns/chargebacks, and are in well-established. Your average ticket size is significantly less than $50. The first thing most merchants will notice is higher fees. It works simply; you set up your online Delta 8 store with a payment portal or shopping cart system. Our services are secure. GSPAY is a little-known high-risk merchant account provider that offers a variety of fixed rates for different types of businesses. 2. It is important to note that each payment processor has its own set of criteria, but there are certain qualities that are shared by all of the competitors on the market in terms of security. We make High Risk Easy. Claim your card reader. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Applying for Your Merchant Account. Best for online and international sellers: Durango Merchant Services. For example, ecommerce brands can expect to pay 4% per transaction while dating sites are looking at 6% and IT support 10%. To define a low-risk merchant account, it’s important to look at the common characteristics of these accounts. However, the company specializes in serving the high-risk community, accepting a very wide variety of industries that ordinarily struggle to get approved for credit card processing. How do I get a Low Risk or High-Risk Merchant Account? Our specialty is matching a business with a suitable credit card processing service in a specific geographic region. 50% + $0. Low-Risk Merchant Accounts. Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. Other examples of high-risk businesses include bail bonds, electronics, and credit repair companies. Low Risk merchant accounts allow organizations that are deemed low-risk to accept payments online and offline. We cater our services to both high and low risk merchant services. Even low-risk merchant account fees vary widely. As traditional merchant accounts support low- and mid-risk business operations, businesses operating in high-risk industries will. Low-risk accounts usually benefit from lower prices because they demand less work from payment processors. However, high-risk merchant accounts may come with slightly higher fees, underwriting processes, and reserve requirements or other financial assurances to. These merchants are similar to physical store merchants except that the point-of-sale and all business is conducted online. While you get a transparent rate with a low-risk account, it is much harder to cost a high-risk account. A merchant account scam is designed to be appealing to new merchants and startups, especially high risk merchants. 3. Best for online and international sellers: Durango Merchant Services. 59% over interchange, while high risk rates. High-risk merchant accounts are payment processing accounts geared to businesses operating in high-risk industries and more prone to chargebacks, fraud, regulatory hurdles, and legal issues. This is very long compared to the typical month-to-month offering for high-risk merchant accounts, so keep that in mind before choosing them. High-risk Vs. High-risk businesses are those that are considered to be a higher risk for chargebacks or fraud. There are certain fees business owners need to pay for merchant account services. If you are a merchant with a history of a lot of chargebacks your payment processor may want a. A high-risk merchant account will accept the risk and allow you to process. account, so you can focus on the best processing options that match System used to track merchants in order to manage risk. If you operate a high risk business, you will need to reach out to a high risk merchant provider, while low risk businesses can typically pay lower rates. Simply keep in mind that we determine our rates based on your monthly processing volume as well as your individual business’s risk factor, but our rates can start as low as 6. While the vaping/e-cigarette industry is highly profitable, banks and credit card processors also consider it high-risk. When payment processors consider approval, the decision must go through their bank, which may or may not deal in high risk industries. The underwriting process for high-risk credit card accounts is more stringent than for low-risk accounts. All according to this analysis your application is either. Nov 19, 2023Learn more about what constitutes a low-risk merchant A business that accepts credit cards for goods or services. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. With a CBD payment processor that fits your. High-risk merchant account fees Setup Fees. 1. Moonlight Payments stands out as a dedicated payment processing provider for high-risk merchants and specialized industries. Lower risk merchants tend to be able to command lower fees and have a better selection of account products to choose from. Interchange + 0. High Risk Merchant Account – Get Approved in Under 24 Hours. For a high-risk merchant account instant approval, it is preferable to go for a service provider like PayCly which specializes in high-risk companies. Merchant services companies lose money on chargebacks. Your merchant account provider will send the transaction details through its backend processor to the customer’s card issuer . In Summary: The 6 Best Virtual Terminals For Small Business. Dharma’s monthly fee is $20 per month. 05 per transaction. Why Some Businesses Need a High-Risk Merchant Account to Use an Authorize. Low-risk merchant accounts get month-to-month agreements with no early termination fees, while high-risk accounts may have to sign a two-year contract and an ETF. Get access to deeply-discounted interchange rates to keep your payment processing costs as low as possible. 5 Best POS Systems For Gyms To Get More Members In 2023 - August 5, 2022. Some examples of low-risk merchant accounts are gas stations, grocery. Starts at $0/month for unlimited devices and locations. io as our favorite online credit card processor for cannabis and CBD vendors due to its willingness to work with these merchants when many providers will not. CorePay. in-person; 2. If you qualify for a high risk merchant account, expect to pay slightly higher fees. Cybersecurity is the practice of protecting computer systems, business accounts, networks, and sensitive information from unauthorized access, theft, damage,. 1) Online payments where the purchase is made via the Internet and not at a physical store. Are you stuck between low-risk and high-risk merchant service providers? While the specific conditions vary from processor to processor, you can get a good grasp of what to expect by comparing their account’s overall pros and cons. Offers Paysley QR-code payment service. 5 Ways to Prevent an Account Hold or. Apply. g. Due to its great track record with high-risk. - Accepts wide variety of high risk industries. The underwriting team plays a crucial role in analyzing multiple endpoints to verify the merchant’s genuineness. High-risk merchant accounts are assigned to a business for a number of reasons,. Easy Pay Direct: - Primary product is proprietary EPD gateway. In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. For instance, one of the disadvantages is the fact that it might take longer to obtain one than it would in the case of a low-risk merchant account. And with evidence showing that 75% of eCommerce businesses saw an increase in fraud attempts in 2021, it’s more important than ever to understand high-risk transactions, as. If you opt to use Square for online sales, you can expect to pay a higher rate of 2. If the average ticket is less than $500. When shopping for a check by phone merchant account, it is important that you understand how the electronic checks are processed. 7 billion in 2018 and are expected to reach $40 billion by 2023. Have a zero to low chargeback ratio. We offer support to companies who need an online gaming merchant account for a sustainable business. An International Merchant Account is a specialized financial service enabling businesses to accept and process customer payments across different countries and currencies. Here are the best international merchant services that provide international payment processing, international payment gateways, and international merchant accounts for a variety of circumstances. What are the differences between low-risk and high-risk merchant accounts? Low-risk merchants: Often process less than $20,000 per month in credit card transactions; Process credit card transactions for typically less than $500; Have very few chargebacks; Have minimal returns; Only do business in low-risk countries; Alternatively, high-risk. ”. While many merchant service providers openly advertise their standard, low-risk merchant rates, high-risk account fees are usually less transparent because there are more variables to take into consideration. net: All-in-One Solution. This label is often due to the. various factors collectively decide the risk category for a particular business. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. The Best Merchant Account Services. Cashback and reward points for certain merchant categories must. They call their accounts high-risk merchant accounts and charge you more in processing and chargeback. . A team of high-risk analysts or an individual analyze your business to find out any type of risk. These businesses often operate in industries that, for various reasons, carry a higher level of risk. A high-risk gateway is compatible with. You will have live, toll-free merchant assistance by calling 855-551-8558 FREE anytime — 24 hours a day, 7 days a week, 365 days a year. Most businesses. Almost any high-risk industry can apply for a merchant account with SMB Global. What is a High-Risk Merchant Account? A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. Join the Durango Merchant Services affiliate program and earn residual commission on every account you refer! Good things are meant to be shared. Payment processors that offer high-risk merchant accounts understand the unique challenges faced by high-risk merchants, such as an increased likelihood of chargebacks or fraud. Reason being, merchants in our payment processing world come under low-risk, medium-risk, and high-risk categories. High-risk merchant accounts are for businesses in high-risk industries that sell high-value products or services, have a history of frequent chargebacks, and have an. Differences Between High Risk vs. As one of the most trusted merchant account providers available, Payment Cloud has serviced hundreds of popular high-risk merchants. Do I have to buy new equipment in order to process with Goat Payments? No, absolutely not! As a matter of fact, GMS prides itself on having never leased even one credit card terminal. io’s list of merchant services includes: Full-service merchant accounts;Low risk merchant accounts are merchants running their business with minimal to no chargebacks and have a solid financial history. In addition to high-risk industries, they also work with low- and medium-risk industries. A flat-rate pricing structure is offered by Stripe:Let’s Understand The Low-Risk Merchant. You can expect to get the low-risk merchant account within a day. Stax: Best for Larger Businesses 2. The idea that a business is a low risk isn’t always about the levels of liabilities that the company poses for the payment processor. Square. Where such a high-risk account is involved, banks tend to be hostile, and such industries are almost completely barred from opening accounts. A high-risk merchant account enables you to sell in riskier markets. So, if you are in requirement of a high-risk merchant account Europe (Albania. Our payment experts approve 99% of low and high-risk merchants for full-service payment solutions, becoming the #1 provider for payment processing, funding, and so much more. If you’re considered a “low risk” merchant, that’s good news! You can expect to have significantly more choices of merchant account providers than your “high risk” peers. Bad Credit Payment processors and the financial institutions that back them typically check the business owner’s credit when reviewing a merchant account application. Shark Processing LLC offers high-risk merchant accounts and payment processing services. Reading Time: 8 minutes The vape and e-cigarette industry is nothing short of electric. This high-risk processor will help you set up electronic payment options for.