Good Question: Where can one find information about high risk credit card processors?
If you’re looking forward to knowing where exactly you can find information about High Risk Credit Card processors, then you are at the right place. In this detailed article, we will give you in-depth knowledge about finding the right credit card and ach payment processor for your high risk business. The best approach would be to send your application to payment service providers and ask them whether they are comfortable in onboarding a high risk business like yours. Most of the times processors would say now as many processes only prefer to work in low risk industries.
There are some third-party high risk ISOs that cater to the requirements of few high risk industries. Please keep in mind these processors do not onboard or support businesses that are illegal. Your company must be legal and should be from a country where the onboarding is available by the payment service provider — processors based in the European Union only onboard merchants that are registered in the EU.
Apart from credit and debit card processing for your high risk business, you can also utilize other processing methods that are electronic cheque and ACH. Many high risk Industries like Business coaching, e-visa services, online pharmacies, online dating, professional services, travel agencies, Astrologers, tarot card readers, Manpower Consultants, software companies are already utilizing ACH as the preferred mode of payment processing. High Risk businesses using ACH can also avail the facility of virtual terminal.
Now that you are aware of where you can find information about high risk credit card processors it’s time for you to send us an application. The Quadrapay team will be happy to evaluate your application and send it to the right payment service provider that may work with your specific industry type. Our team will be happy to help you with the integration process as well. Please keep in mind that high risk credit card processors and echeck processors may require a 10% rolling reserve to reduce the credit risk.