High Risk Merchant Account Services
Options for a High Risk Merchant Account
If you're business is identified as a "High Risk" then many merchant service providers will turn you away. High risk merchants range from travel agencies to multi-level marketing companies, to casinos, to online pharmaceutical companies, to many Internet start up companies, and the list goes on. In fact, some companies get turned down no matter who they go for processing payments. Once your application gets turned down it can be very discouraging, especially if you are an honest business seeking help in accepting credit cards, whether retail or Internet based.
What is considered High Risk?
These types of services would follow under our High Risk Accounts:
Online auctions*
Online dating*
Online gambling*
Pharmaceuticals (enhancement)*
Adult Product
Alcohol
Astrology/Psychic
Computer Hardware
Computer Software (electronic download)
Computer Software (tangible)
Dating Services
Debt consolidation/management
Discount clubs
Discount health cards
Discount/Prepaid phone cards
Financial Advisory Services
Herbal Products
ISP/email services/search engines
Jewelry sales
Magazines subscriptions
Membership organizations
Miscellaneous food sales
Political organizations
Travel
Weight loss products
* Additional fees may apply to certain high risk industries
| High-Risk Merchant Account Info There is a segmented area in the industry that caters to this type of account and usually charge more because of the risk involved. There is really no choice in accepting a high-risk merchant account because the processor is the one taking the risk and the merchant is charged according to the risk. In any type of financial institution either a bank or loan company, and all risk must be accessed before money is transferred or given. There are steps involved and it is important to find someone qualified to help you and answer any questions you might have. |
Typically we have to review the product type that is immediately delivered, future type delivery service or annual membership programs because they are at more risk.
We also do a criminal background check and cross check information as well as to whether or not termination from another processor was happening. If you are switching from some other processor we look at previous statements to see how placement is done. Having a few Chargebacks is ok but have to be within the tolerance of certain guidelines.
Electronic companies are at high risk along with others that go into the specialty area, which include Canadian Merchant, and Off Shore Merchants. The rates are higher and advantages are that we have solutions for what you have to offer. In very small cases there is a reserve requirement for the high risk Merchant.
If you were considered a high risk and have a reserve account and if after several months or more, we can get that reserve back for you. The underwriting is done in house and the decision of reserve control falls on us and can be filtered back slowly if Merchant is in good standing. We can provide this service for the Online Merchant or the Retail side of processing as well.
Which types of businesses do not qualify for processing?
Cigarettes and cigar companies and including pharmaceutical accounts are not qualified. The adult services market is very difficult to get approved unless you are doing high volumes. Also, new travel agencies and lotteries and replica goods. Anything that has an FDA taint to it is nearly impossible to get approved.
InfoMerchant Can Help if You're High Risk
At InfoMerchant we can help you determine what is the best option for your type of business. We offer merchant account information for free with just a phone call.
If you are looking for high risk or offshore merchant accounts there are different guidelines and fees that are accessed in making that decision. You can always refer to our merchant services introduction for the most up to date questions and concerns you would have in chosen a merchant account provider. See what the monthly fees are and set up fees as well the longevity of the company. Take time in filling out our online form and we can direct you in the right direction.
Merchant Account Rate Comparisons Chart
Beware of Hidden Fees and Misleading Ads
LEARN MORE!
If you are currently processing ask us how we can help you switch (fast and easy)
Allow us to understand and fulfill your payment processing needs and combine them into one comprehensive solution uniquely designed for you the merchant, your business, and your budget. Customized quotes are just a phone call away or fill out our online form and a customer service representative will call you.
ALL major credit & bank cards accepted along with checks
Single-source merchant services
Choice of equipment terminals (ask us what better suits your needs)
Online reporting / transaction management/ monthly statements
In-house RISK / UNDERWRITING departments
No High Prices
FREE American Express setup
FREE cost analysis & processing quotes
Discount POS Terminals and Equipment
Low Rates and Processing Fees
Quick Installation
Easy and Fast Approvals
Developer Support for Programmers
Real Time Internet Payment Processing
Experienced Company That You Can Trust
FREE 365 / 24 / 7 customer support
Terminal Sales (U.S. & Intl.)
ORDER ONLINE
Merchant Account Sales (U.S. & Intl.)
(971) 223-5632
Quick Apply (Short merchant pre-application form)
Not Happy with your Current Processor?
Give us a call!
SPECIAL DISCOUNTS for churches & non-profit companies
Email contact: InfoMerchant
Visit our new Portland Ask a Merchant Directory and Online Community.
Check out InfoFAQ Shopping Guides for useful information.
