High Risk Merchant
Tired of getting applications declined. Let us connect you with a reliable High risk Merchant Account Provider.
High Risk Processing
Not every credit card merchant account acquirer says yes to High risk Businesses. Only few can manage the high level of risk. We save your time by applying directly to these payment processors.
Timeshare Merchant Account
Merchant Accounts for Collection firms
Collection companies face massive challenges in getting a domestic solution. Payment Service Providers located at offshore locations can offer good solutions.
Adult Payment Processing
North American and EU based merchants can use High Risk Gateways to sell online adult entertainment products and services. Solutions are available for entertainment companies of all size.
Bad Credit Merchant Account
No Matter what you sell if the credit score of yours or of your business is bad then most of the processors will say no. They want to play safe and want to work with companies with strong financial standing. Few processors may charge a little bit more but can offer Credit, Debit and Echeck processing options.
Gaming Merchant Account
In the world of online casinos and digital gaming a reliable payment method is credit card processing. Gaming merchants that are legalized can easily accept credit cards online. Gaming business can experience massive growth by using a payment gateway. Some legalised online gambling merchants have created massive brands online. Offshore Payment Providers offer stable processing options to Gaming, Casino and legalised Gambling companies.
Travel Merchant Account
Merchants in the travel industry can get fast approvals. Some Travel agents need virtual terminal and depending on the business profile processors may offer the same. Traditionally this industry has seen higher chargeback ratio. By using Chargeback alerts and notification services the returns and refunds can be easily reduced.
High Risk Merchant Processor
There are so many payment processing companies across the world. Out of these massive number of financial institutions only few onboard High Risk Merchants or Merchants with bad credit. A merchants application can be declined because of multiple factors including the Credit Score of the business owner, Previous Merchant Account Shutdown or the type of product and industry.
Factors affecting High Risk Merchants
These factors considerably reduce the number of banks willing to take up these high risk processing accounts. These adversely affect the applying company in stetting up payment processing accounts. They often come across a situation where the banks generally decline their application, or impose high restrictions on the account transaction which virtually makes it impossible to conduct normal business. Even if a merchant has established a payment processing account with a bank, he can never be sure that the relationship with the bank is secure. The bank might revise their underwriting criteria anytime, and suddenly merchants can face a situation where the payment processes adversely affect their business.
Views of Top Notch Banks
Many top-notch banks are ready to establish High Risk Merchant Accounts. These accounts are highly personalized accounts. The banks study the system intensively and then draw conclusions on the rates of transaction that should be imposed. High risk merchant acquiring banks take into account the technique the company uses to draw customers, the expected turnover and the types of customers that might get involved with them. These banks also encourages merchants to open up multiple accounts thereby ensuring a diversified payment process and even if one account encounters an issue, business can proceed through the other active ones.
Types of Merchant Accounts
First is the normal account(Card Present), where the merchant can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal.
CARD NOT PRESENT
CNP or Card Not Present Scenario is more risky. This is because the card is not physically present with the Merchant. Customers use various mediums to process orders like websites, email or online invoice. These type of accounts include Real Estate, Adult, CBD, MMJ, MLM, Credit Repair, Airlines, Kratom, Charity, Tech Support, Call Center, Forex, Travel Agency, Ticketing Agency, Head Shop, Pharmacy, Dating, Web design, Liqure, E Cigarettes, Online Gambling and Call Blocking, Subscription, MLM, or any transaction that takes place with the customer is physically not present.
The possibility of fraud is much greater with this type of business (Card Not Present – CNP) which results in classifying these types of accounts as “High Risk” ones. Naturally, these high risk merchant accounts present the risk of the dreaded chargebacks for the banks in question. It has been proved by various researches that these High Risk processing transactions are more susceptible to fraudulent transactions.
What’s next for these Merchants As the saying goes, you cannot achieve anything in life without taking risks. Most of the financial institutions can take a specific level of risk as per there internal policies. merchants must try to apply with the right processor and not waste time in shooting application to everyone. In a situation like this quadrapay can help save merchants time by sending the application to the payment service provider that is ok with specific industry type. If you are tired of getting applications declined because of credit check then we will suggest you to try quadrapay one time. We may be able to get you approved for credit card processing with no credit check.