Happy customers after using a High risk merchant account in Canada

High Risk Merchant Account Canada

QuadraPay offers high risk merchant accounts in Canada. Start accepting all major credit and debit cards online now. Our partner providers are perfect for merchants who have been declined by conventional credit card processor. These solutions are especially beneficial for merchants considered high risk due to industry reputation, high monthly sales volume, and high ticket size. We will connect you with a cost effective high risk merchant acquier. Apply today for a high-risk payment solution in Canada.
Flexible Underwriting.

We know that you may have already received many rejections; thus, we only work with partners that take a flexible approach to underwriting merchant accounts.

Reliable customer support

You will have robust access to customer support because North American processors power the majority of our solutions.

Competitive rates and fees.

Our solutions come to you with reasonable pricing, as we know high fees can make it tough to operate a business in today's competitive world.

Vast experience with high-risk merchants.

At QuadraPay, we understand the challenges faced by high-risk merchants. One of our core skills includes assisting legit, high-risk merchants from Canada.

QuadraPay Offer Fast Setup of High Risk Merchant Accounts in Canada.

Are you searching for a high risk merchant account in Canada? If yes, then you’ve come to the right website. QuadraPay provides quick setup of high risk credit card processing accounts in Canada with top-of-the-line payment service providers. Our credit card processing solutions are a perfect fit for merchants declined by local Canadian banks, claiming high risk.

The merchant account solutions provided by QuadraPay go beyond accepting well-known cards; our solutions also allow you to accept various alternative payment methods (APMs). Canadian high-risk merchants can also use Interac for cost reduction and enhanced payment flexibility. QuadraPay adopts a zero-discrimination approach, catering to the requirements of merchants across various sectors. We believe that every Canadian business should have an equal opportunity to be evaluated for online credit card processing. While local banks and processing companies may limit approvals to high-risk e-commerce accounts, QuadraPay partners extend payment solutions to hard-to-place verticals like iGaming, money transfer, cruise liners, CBD oil, hemp, cannabis, pharmacy, and adult toys.

Features of a High Risk Merchant Account in Canada

With our high risk merchant account solutions in Canada, you can rest assured, as they include built-in tools to reduce fraud. The inbuilt filters, like AVS, 3DS, and velocity checks, help you process secure transactions.

Our partner providers offer transparent pricing structures to our merchants. Some of the pricing structures that our partners offer include fixed rates, tiered prices, and IC++ pricing.

Fast settlement is a priority for us, and most merchants qualify for the T+2 settlement cycle. This facilitates efficient business operations and helps business owners maintain a healthy cash flow.

Quick settlement of funds is extremely important for any business, no matter whether it is in Canada or the United States. For this reason, our payment processors offer fast settlements for qualifying merchants in Canada.

Integration is easy, as our solution comes with ready-to-use plugins. Along with that, you can also use detailed API information to implement custom integrations. If you have a mobile application, then we can also provide APK and SDK solutions for integration.

The merchant dashboard is a good tool that can be used to quickly evaluate the transaction flow. You can easily see how many transactions happened in a specific period of time, and the merchant panel helps you get a detailed view of your transaction statistics.

Documents Needed to Apply for a High Risk Merchant Processing in Canada

To get approval for a credit card crossing solution for your high-end business in Canada, you expected to send some documents to the payment processing company. These documents are called KYC documents in the acquiring language. Let’s look at some of the documents that you will be expected to send to the provider.

For identification purposes, you were expected to send a copy of your national ID, passport, or driver’s license; this should be a photo ID.

To confirm the business entity, you will be expected to send the business registration certificate, which can also include the article of association and memorandum of understanding. You will also be expected to send utility bills for the business premises where you operate. These are the common business registration structures in Canada. Each business structure has a different document that proves ownership.

  • Sole Proprietorship
  • Partnership
  • Limited Partnership (LP)
  • Corporation
  • Limited Liability Partnership (LLP)
  • Not-for-Profit Organization
  • Professional Corporation (PC)
  • Joint Venture
  • Trust
  • Branch Office
  • Unlimited Liability Company (ULC)
  • Community Contribution Company (C3)
  • Cooperative Corporation

To further assess the financial stability of your business, three recent months of business bank account statements are required. This financial documentation provides insights into your business’s cash flow and financial health, contributing to the overall evaluation for approval.

Your previous credit card processing statements play a critical role in getting your account approved. Merchant acquirers prefer to work with businesses that already have experience processing credit cards. Along with this, you will also need to send a business bank statement that shows your financial standing.

FAQ High Risk Merchant Services In Canada

What integration assurance does QuadraPay offer?

In today’s world, where websites are built on different technologies and various content management systems, it is essential to understand whether the payment processing solution we offer is compatible with your website or application platform. We are delighted to inform you that our solutions are compatible with most modern web application scripts and content management systems, including WordPress, WooCommerce, and Magento.

Canadian merchants can rest assured that the integration API we offer is straightforward. With our Canadian merchant account integration API, your engineer can easily connect your website to a payment gateway. A few of the most popular platforms in Canada include Shopify and Wix, to name a few.

What Role Does QuadraPay Play as a High Risk Merchant Account Provider?

QuadraPay is your high risk merchant account solution provider in Canada. We are experts in connecting you with the right payment service provider to comfortably onboard you as a merchant with a stable and credible solution. We ensure that you get to negotiate pricing directly with the payment service provider or bank. Our services help you save money and time. You can get a cost-effective, high-risk merchant account in Canada in a limited time. The cost savings you make can be used to expand your business, and the time saved with us can be utilized for something productive for your business.

Since the year 2016, we have been assisting merchants from Canada in finding low-cost payment processing solutions. Our motto is to help you find a solution that not only works very well for you but also provides you with savings when it comes to credit card processing fees. There is absolutely no point in saying yes to a credit card processor, which is very expensive. The margin of profit for any business is shrinking, and it is very important to work with a payment service provider that also offers cost-effective pricing.

How Can Businesses Get Started With High-Risk Payment Processing for Canadian Transactions?

Getting started with a high risk merchant account in Canada is straightforward. You need to contact QuadraPay, and you need to do it right now. We follow a simple, step-by-step approach. The first thing we do is evaluate your website to determine if our acquiring channels may be interested in saying yes to you. If we consider it good enough, we will inform you that we require additional documents. This is when you will send your Know Your Customer (KYC) documents.

In the next step, our acquiring partner checks all your details, including the website and the KYC documents. Once you are approved, you will be presented with a contract. You can sign it and send it back to the provider. That’s it. You can then proceed with the integration and start accepting real-time transactions on your website or mobile applications.

How Can Chargeback Prevention Benefit High Risk Merchant Account Customers?

Chargeback alerts serve as one of the best defence mechanisms for our Canadian merchants. This essentially operates as a network connected to credit card issuers. When a customer raises a dispute, they contact the credit card issuer. If the credit card issuer is part of the card dispute resolution network, the issuer instantly initiates an alert. This alert is then sent to both the merchant acquirer and the merchant.

It helps the merchant to immediately start working on providing the required proof of delivery, service, or satisfaction documents. In other words, it gives the merchant a more extensive window of opportunity to prove their case, demonstrating that they have already delivered the service as per the commitment. A customer dispute resolution alert service is vital for every high risk merchant in Canada.

How Long Does It Take To Get Approval For A High Risk Merchant Account?

The timeframe for approval depends on multiple factors; however, in most cases, we have seen approvals within 1 to 2 weeks. To expedite the approval process, it is crucial for you and us to work hand in hand. Please provide us with all KYC documents so that we can pass them on to the acquiring partners.

It’s important to understand that there are very few high risk merchant account solutions in Canada. Applying it everywhere indiscriminately is not an effective strategy. If you keep sending your application to all banks and payment service providers in Canada, then it may not create a favourable impression. This approach could signal desperation and raise questions about your application’s completeness. Therefore, we recommend considering QuadraPay as your high risk merchant account provider in Canada.

At QuadraPay we connect merchants with payment service providers and acquirers, emphasizing our role in facilitating connections, and invite inquiries at [email protected] for more information.

High Risk Payment Processing In Canada

Secure your business with confidence! Explore QuadraPay's High-Risk Payment Processing in Canada and empower your enterprise with robust and compliant solutions. Take the next step towards secure transactions - Connect with us today!

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