High Risk Merchant Account at HighRiskPay.com
Operating a business categorized as “high risk” comes with its fair share of challenges. High risk merchants often face higher fees, strict limits, and even rejection from traditional payment processors. This is where a high risk merchant account provider like HighRiskPay.com comes in. In this comprehensive guide, we will cover everything you need to know about getting a high risk merchant account through HighRiskPay.com.
What is a High-Risk Merchant Account?
A high-risk merchant account allows businesses in industries considered high-risk to accept credit card payments. High-risk businesses operate in industries like:
- Adult entertainment 🔞
- CBD and hemp products 💊
- Cryptocurrency exchanges 🪙
- Debt collection agencies 💸
- Essay/paper writing services 📝
- Firearms and weapons ⚔️
- High ticket sales 💵
- Multi-level marketing 📈
- Offshore pharmacies 💊
- Tech support/telemarketing 📞
- Travel clubs 🛫
- And more!
These businesses are labeled “high risk” because banks view them as more likely to experience chargebacks and fraud. As a result, traditional processors often impose higher fees, stricter limits, and extra hoops to jump through. Others refuse service altogether.
This is where processors like HighRiskPay.com specializing in high risk merchants can help.
About HighRiskPay.com
HighRiskPay.com is a leading high-risk merchant account provider founded in 2007. They work with a global network of banks and processors to get hard-to-place merchants approved for payment processing.
With over 15 years experience in high risk underwriting, HighRiskPay.com has served over 10,000 merchants. They claim to offer transparent pricing starting at just 1.79% with no hidden fees.
Apply today and start accepting payments as soon as tomorrow – HighRiskPay.com promises fast approvals and setup. Their website states “We understand time is money” which is critical for high risk businesses needing payment processing ASAP.
HighRiskPay.com Services
👉 Credit Card Processing Accept Visa, MasterCard, American Express, Discover and more with personalized rates and terms.
👉 ACH/eCheck Processing Allow customers to pay straight from their bank account with ACH and eCheck solutions.
👉 High Risk Merchant Accounts Tailored merchant accounts approved quickly for high risk business categories.
👉 Offshore Accounts Offshore merchant accounts in various international jurisdictions.
👉 Point-of-Sale (POS) Solutions Integrated POS systems for retail stores and restaurants.
👉 Fraud Prevention Tools Protect your business from fraudulent transactions and chargebacks.
👉 Shopping Cart Integration Seamlessly integrate your online shopping cart with their payment gateway.
Top 10 Benefits of HighRiskPay.com
🚀 Fast Approvals – Get approved in as little as 24 hours thanks to their efficient underwriting.
💳 Instant Terminal Provisioning – Terminals can be programmed remotely in real time after approval.
📈 Expert Underwriters – Staff has over 15+ years experience underwriting high risk industries.
🔐 Solutions For Many Industries – Successfully serve merchants in over 30 business categories.
💵 No Setup Fees – No application, integration, or account setup fees to get started.
📉 Interchange Plus Pricing – Only pay interchange fees plus small markup – starting at 1.79%.
🌎 Domestic & Offshore Accounts – Available both in US and internationally for maximum flexibility.
🛡️ Fraud Prevention – Protect your business from fraudulent orders and chargebacks.
🆕 Shopping Cart Integration – Seamlessly connect your online store with their payment gateway.
📞 24/7 Support – Get answers and assistance any time of day by phone, email, or live chat.
HighRiskPay.com Pricing
Exact rates depend on your business model, average order value, and more. However, HighRiskPay.com utilizes interchange plus pricing for maximum transparency.
You only pay:
- The interchange fees charged by the card networks
- Plus a small fixed markup starting at just 1.79%
There are no hidden fees, monthly minimums, PCI compliance charges, or other junk fees. HighRiskPay.com also does not charge application, setup, or integration fees.
HighRiskPay.com Reviews
HighRiskPay.com enjoys positive reviews and ratings across the web:
- Trustpilot – 4.8 out of 5 stars based on 247+ reviews
- SiteJabber – 4.7 out of 5 stars from 45+ reviews
- Google Reviews – 4.8 stars from 200+ reviews
Positive feedback often cites easy approvals, great customer support, and transparent interchange-plus pricing. Merchants appreciate the streamlined application process and fast setup. Most mention lower rates compared to previous processors.
Who Needs a High Risk Merchant Account?
If you operate in any of the following high-risk industries, a specialized provider like HighRiskPay.com is likely your best option for getting approved for payment processing:
- ❌ Adult entertainment
- ❌ CBD and hemp
- ❌ Cryptocurrency exchanges
- ❌ Debt collection
- ❌ Essay writing services
- ❌ Firearms and weapons
- ❌ Multi-level marketing
- ❌ Offshore pharmacies
- ❌ Tech support/telemarketing
- ❌ Tobacco, e-cig, and vape shops
- ❌ Travel clubs
And more! Even perfectly legal businesses can be deemed high risk. Getting approved through a traditional processor will be difficult, if not impossible.
Applying for an Account with HighRiskPay.com
The application process with HighRiskPay.com is designed to be as quick and hassle-free as possible. Here is an overview of what to expect:
Step 1: Initial Application
Visit HighRiskPay.com and click “Apply Now”. Fill out the short pre-qualification form so they can get a sense of your business.
Step 2: Review & Underwriting
A representative will contact you shortly after submitting to gather any additional info needed. Their underwriting team will review your business model, history, documents, etc. to approve your account.
Step 3: Account Configuration
Work with your account manager to establish your payment processing setup, terminal needs, and system integration.
Step 4: Activation & Processing
Once the paperwork is complete and your account activated, you’re ready to start accepting payments!
10 Key High Risk Merchant Account FAQs
Still have questions? Here are answers to 10 frequently asked questions about getting a high risk merchant account:
What is considered high risk by processors?
Any business type that has a higher likelihood of chargebacks or fraud is generally considered high risk. The most common high risk industries include:
- Adult entertainment
- CBD and vape shops
- Cryptocurrency exchanges
- Essay/paper writing services
- Offshore pharmacies
- Tech support
- And more
Even if your business is legal and ethical, you may be labeled high risk.
Can I get a high risk merchant account with bad credit?
Yes – high-risk providers like HighRiskPay.com specialize in getting merchants approved for payment processing despite bad credit or an imperfect business history.
How much does a high risk merchant account cost?
High risk merchant accounts typically have higher fees compared to low risk businesses. However, with interchange plus pricing from HighRiskPay.com, rates start at just 1.79% above cost.
Do I need a business bank account for a merchant account?
Yes, you need a business checking account to accept payments into. The merchant account is linked to this account to deposit funds.
Can I get a high risk merchant account with my current bank?
Unlikely – most traditional banks are unwilling to underwrite high risk merchant accounts. Specialty providers are usually your best option.
How long does it take to get approved for a high risk merchant account?
The fastest providers like HighRiskPay.com can approve your high risk merchant account in as little as 24 hours in some cases.
Is a high risk merchant account safe?
When done properly, high risk merchant accounts are completely safe and secure. Reputable providers have the tools to prevent fraud and verify legitimate orders.
How can I avoid chargebacks with a high risk merchant account?
Choose a processor like HighRiskPay.com that offers robust fraud screening and chargeback management tools. Follow best practices like requiring signatures and billing/shipping name matches.
Can I accept payments on my phone with a high risk merchant account?
Yes, you can accept payments on your smartphone or tablet with the right credit card processing equipment and software connected to your high risk merchant account.
What equipment do I need to process payments?
You will need a credit card terminal and/or POS system to accept in-person payments. For online transactions, you will need a payment gateway with shopping cart integration.
Pros and Cons of HighRiskPay.com
Like any processor, HighRiskPay.com has both advantages and drawbacks. Here is an overview of the key pros and cons:
Pros
- Fast and easy approval process
- Solutions for hundreds of high risk businesses
- Interchange plus pricing as low as 1.79%
- No setup, monthly, or hidden fees
- Robust fraud prevention tools
- 24/7 live customer support
Cons
- Higher rates than low-risk merchants
- Charges for equipment like terminals
- Must follow strict underwriting guidelines
- Not ideal for low-risk industries
Conclusion
Operating a business categorized as high-risk comes with distinct payment processing challenges. Traditional processors often deny services or impose unfair rates and limits.
👉 This is where a high-risk merchant account provider like HighRiskPay.com comes in. Their experienced team and global banking network help hard-to-place merchants get approved quickly.
🚀 With interchange plus pricing as low as 1.79%, no setup fees, and fast approvals, HighRiskPay.com is an excellent option for getting your high-risk business the payment processing solution it needs.
