Many small businesses in certain sectors struggle to find payment processors that could work with them. Some of these sectors include gambling, cryptocurrencies, pharmaceuticals, adult services, magazines or travel agencies, just to name a few.
Fortunately, there are options out there. If you think about it, why wouldn’t you be allowed to try your entrepreneurship luck? All in all, this is another conversation. When it comes to high risk payment processors, HighRiskPay.com has become an interesting option lately.
Let’s find out why and what you can expect from such a high risk merchant account at HighRiskPay.com.
HighRiskPay.com offers a full range of services for merchant accounts.
Apart from supporting a wide variety of business sectors considered high risk, HighRiskPay.com can also be easily integrated into other platforms, such as Shopify, WordPress, Wix, PrestaShop, Magento, BigCommerce or OpenCart.
According to Ace Web Experts, chargebacks are also supported, as well as support with surcharging or fraud reports.
All these services are conducted using the company’s processing equipment, rather than over third parties, so data seems to be well protected.
Terminal, mobile and online payments are accepted altogether over a high risk merchant account at HighRiskPay.com.
One more standout feature is the user experience. The platform’s design and functionality make it easy for users to manage their accounts, access customer support, and stay informed about their transactions.
In terms of fees and charges, HighRiskPay.com has no fees for applications or setups, which is a plus compared to other companies charging unnecessary fees. There are, of course, monthly and processing fees.
There are no contracts either, while bad credit companies are also accepted.
Pros
Some vendors display their fees online. Others will give you a customized quote upon request, so feel free to ask upfront before comparing.
PaymentCloud is easy to use and doesn’t require any experience whatsoever. It has good customer service and can accept cards, cryptocurrencies, mobile or online payments, POS payments and so on. The processor is suitable for both small and middle-sized businesses.
It supports more high risk industries, from dating to credit repair companies. The higher the volume, the better the service becomes.
Pros
Durango merchant services has specialized in high risk business sectors, helping companies in debt services, fortune telling, online electronics or MLM, just to name a few. The processor accepts more fiat currencies, but also takes cryptocurrencies, echecks and ACH.
Durango has gained a reputation after taking over potential customers rejected by other high risk payment processors.
Pros
Soar Payments is also specialized in high risk industries, anything from antiques and fantasy sports to pet products and sports betting. It allows getting paid by ACH, but also cards and echecks. However, it does have some restrictions, so some high risk industries aren’t accepted.
For instance, adult, cryptocurrency or pharmaceutical industries are rejected upfront, yet the list is longer than that. Bad credit companies are also rejected, as well as those listed on MATCH.
Pros
Based on Forbes, Host Merchant Services can provide a good alternative to the high risk merchant account at HighRiskPay.com, yet the company partners up with Electronic Merchant Services to offer various services. You can take payments in person, online, through a mobile POS, by ACH or cards.
The processor is a good choice for middle sized businesses. It also advertises to accept anything on the fine line between legal and illegal.
Pros
SMB Global offers access to a complete account, similar to the high risk merchant account at HighRiskPay.com. ACH, echecks and cards are accepted altogether, mainly by partnering up with more international banks to provide the best rates for customers.
SMB Global lets customers choose between two different payment gateway alternatives. Some companies can get free EMV terminals or even mobile readers.
Pros
National Processing takes on businesses with bad credit, as well as businesses with no credit. It has a few fraud prevention tools in place, not to mention chargeback management. Unlike the high risk merchant account at HighRiskPay.com, this one is associated with a dedicated account manager.
Prices are given out upfront, without having to get a quote. Besides, no long-term contracts are required.
Pros
No matter how high risk an industry is, anyone can get a free trial of up to a month with Payline. You can try it out before deciding whether or not it’s worth it. Once an application is accepted, it has its own customized plan.
Like the high risk merchant account at HighRiskPay.com, Payline also claims to have a 99% approval rate.
Pros
eMerchantBroker isn’t always listed among the best high risk payment processors, but it offers a decent alternative to the high risk merchant account at HighRiskPay.com. Around since 2011, the processor offers services like chargeback, gateways and software integration.
The company is very well rated and has a good reputation. For instance, it has a solid A+ rating with the BBB.
Pros
NomuPay dominates the British market, especially after a series of acquisitions. You’ll gain access to a plethora of different services, let alone high-risk industries. There are no long-term contracts either. Plus, you can always negotiate for individualized rates based on your needs.
At the moment, NomuPay covers more than 180 currencies. The platform is also compatible with a series of languages and works well with all sorts of platforms, such as Magento, Shopify or WordPress. Despite being based in the UK, NomuPay operates in around 50 countries.
Pros
You’ve definitely seen Worldpay before. It’s a leading provider, but accounts are mainly aimed at general businesses. However, you can also join with a high-risk business, yet rates won’t be the best. Worldpay supports industries like adult, gambling, telemarketing, nutraceuticals and so on.
Risk management is one of its main strengths. It offers bespoke solutions to ensure your business gets support based on unique regulations affecting the industry. Given its age, Worldpay has also established connections with different institutions, so it has a fairly good reputation.
Pros
Instabill has been around for over two decades, so you can leave yourself in good hands. The company has always focused on high-risk industries, the types that are usually rejected by traditional processors. From pharmacies to adult entertainment, you’ll get a series of customized services.
While all these services come with a price, you’ll benefit from the company’s expertise, not to mention the deep relationships with banks and other similar institutions. However, a high risk comes with a fee, so that’s a big drawback.
Pros
CCNetPay has a primary focus on high-risk industries. The best part? It works with international companies. Anyway, you’ve got a merchant account, payment processing and access to industries like pharmacies, gambling, hotels, construction, adult, you name it.
Like other alternatives, CcNetPay has a unique fee structure that varies from one customer to another. Fees vary based on the location, processing volume, category, industry and other factors. You’ll also have some extra services to choose from, such as 3D secure authentication.
Pros
Epoch Payment Solutions isn’t among the big players on the market, but definitely a small provider worth some attention. It was mainly established for merchant in the adult entertainment industry, but its services expanded over time.
Today, Epoch Payment Solutions can tackle around 30 different payment solutions. You can also handle over 60 different currencies, so it’s suitable for international business too. Like other providers, fees vary based on your unique needs.
Pros
The payment processor is, therefore, a necessary intermediary between your customers and yourself, or better said, between bank accounts.
If unsure, double check with the vendor you pick.
Bottom line, a high risk merchant account at HighRiskPay.com is a pretty solid option, offering access to numerous solutions, integrations and decent fees. The high approval rate is clearly a priority for many, while the reputation and transparent pricing add to its profile.
What are your experiences with high-risk payment processors like HighRiskPay.com? Share your thoughts with us in comments.
Fortunately, there are options out there. If you think about it, why wouldn’t you be allowed to try your entrepreneurship luck? All in all, this is another conversation. When it comes to high risk payment processors, HighRiskPay.com has become an interesting option lately.
Let’s find out why and what you can expect from such a high risk merchant account at HighRiskPay.com.
Main features of HighRiskPay.com
HighRiskPay.com offers a full range of services for merchant accounts.
Main features and services
Gateways are among the top services offered by the company, but business owners can also order card reading and processing terminals on site. Mobile payments are also accepted, which is a serious plus, not to mention support for e-commerce businesses.Apart from supporting a wide variety of business sectors considered high risk, HighRiskPay.com can also be easily integrated into other platforms, such as Shopify, WordPress, Wix, PrestaShop, Magento, BigCommerce or OpenCart.
According to Ace Web Experts, chargebacks are also supported, as well as support with surcharging or fraud reports.
All these services are conducted using the company’s processing equipment, rather than over third parties, so data seems to be well protected.
Terminal, mobile and online payments are accepted altogether over a high risk merchant account at HighRiskPay.com.
What makes the high risk merchant account at HighRiskPay.com so popular
What makes HighRiskPay.com stand out is the fact that it has an incredibly high approval rate. In fact, the official website claims you can apply today and get to business by tomorrow. While difficult to verify, the approval rate is advertised to be at 99%.One more standout feature is the user experience. The platform’s design and functionality make it easy for users to manage their accounts, access customer support, and stay informed about their transactions.
In terms of fees and charges, HighRiskPay.com has no fees for applications or setups, which is a plus compared to other companies charging unnecessary fees. There are, of course, monthly and processing fees.
There are no contracts either, while bad credit companies are also accepted.
Pros
- High approval rates
- Accepts businesses with bad credit
- Next day funding for approved businesses
- Multiple software integrations
- Supports companies from numerous business sectors
- Monthly fees are slightly more expensive than for other similar companies
- Approval requirements are strict
How much do high risk merchant accounts cost?
Fees and rates associated with a high risk merchant account will vary from one provider to another. Moreover, the same provider is likely to offer different quotes to different businesses, depending on their industries, monthly income, software integrations and so on.Some vendors display their fees online. Others will give you a customized quote upon request, so feel free to ask upfront before comparing.
Alternatives to the high risk merchant account at HighRiskPay.com
While HighRiskPay.com seems like an excellent option for a wide variety of businesses, the truth is it’s not the only option out there. Let’s go through a few other alternatives that may (or may not) cater for your business better.PaymentCloud
PaymentCloud is easy to use and doesn’t require any experience whatsoever. It has good customer service and can accept cards, cryptocurrencies, mobile or online payments, POS payments and so on. The processor is suitable for both small and middle-sized businesses.
It supports more high risk industries, from dating to credit repair companies. The higher the volume, the better the service becomes.
Pros
- Great customer service
- Many software integrations
- Inexpensive card processing
- Fees are individualized and not given out generally
Durango merchant services
Durango merchant services has specialized in high risk business sectors, helping companies in debt services, fortune telling, online electronics or MLM, just to name a few. The processor accepts more fiat currencies, but also takes cryptocurrencies, echecks and ACH.
Durango has gained a reputation after taking over potential customers rejected by other high risk payment processors.
Pros
- Risk is not an issue for Durango
- Fraud protection solutions
- Good cryptocurrency processing
- Fees are only given out when you ask for a quote
Soar Payments
Soar Payments is also specialized in high risk industries, anything from antiques and fantasy sports to pet products and sports betting. It allows getting paid by ACH, but also cards and echecks. However, it does have some restrictions, so some high risk industries aren’t accepted.
For instance, adult, cryptocurrency or pharmaceutical industries are rejected upfront, yet the list is longer than that. Bad credit companies are also rejected, as well as those listed on MATCH.
Pros
- Instant quotes
- Solid customer service
- Good prices, among the lowest in the industry
- Mainly aimed at businesses in the USA, yet it accepts international customers too.
Host Merchant Services
Based on Forbes, Host Merchant Services can provide a good alternative to the high risk merchant account at HighRiskPay.com, yet the company partners up with Electronic Merchant Services to offer various services. You can take payments in person, online, through a mobile POS, by ACH or cards.
The processor is a good choice for middle sized businesses. It also advertises to accept anything on the fine line between legal and illegal.
Pros
- Works with most industries
- No monthly fees
- Excellent customer service
- New business with no reputation will have higher rates
SMB Global
SMB Global offers access to a complete account, similar to the high risk merchant account at HighRiskPay.com. ACH, echecks and cards are accepted altogether, mainly by partnering up with more international banks to provide the best rates for customers.
SMB Global lets customers choose between two different payment gateway alternatives. Some companies can get free EMV terminals or even mobile readers.
Pros
- Good rates for international payments
- Accepts companies with bad credit
- Multiple software integrations
- Some free terminals for certain businesses, but there are no requirements mentioned on the official website
National Processing
National Processing takes on businesses with bad credit, as well as businesses with no credit. It has a few fraud prevention tools in place, not to mention chargeback management. Unlike the high risk merchant account at HighRiskPay.com, this one is associated with a dedicated account manager.
Prices are given out upfront, without having to get a quote. Besides, no long-term contracts are required.
Pros
- No termination fees
- 24/7 customer support
- Some businesses may qualify for free terminals
- Fees can be quite high proportionally if you don’t process enough payments
Payline
No matter how high risk an industry is, anyone can get a free trial of up to a month with Payline. You can try it out before deciding whether or not it’s worth it. Once an application is accepted, it has its own customized plan.
Like the high risk merchant account at HighRiskPay.com, Payline also claims to have a 99% approval rate.
Pros
- Free trial
- No PCI compliance fees
- No long contracts
- Very specific and different fees for each particular service
eMerchantBroker
eMerchantBroker isn’t always listed among the best high risk payment processors, but it offers a decent alternative to the high risk merchant account at HighRiskPay.com. Around since 2011, the processor offers services like chargeback, gateways and software integration.
The company is very well rated and has a good reputation. For instance, it has a solid A+ rating with the BBB.
Pros
- Everything done in-house
- Proprietary tools
- Highly useful tech support
- Fees, rates, terms and contracts are given when you seek a quote
NomuPay
NomuPay dominates the British market, especially after a series of acquisitions. You’ll gain access to a plethora of different services, let alone high-risk industries. There are no long-term contracts either. Plus, you can always negotiate for individualized rates based on your needs.
At the moment, NomuPay covers more than 180 currencies. The platform is also compatible with a series of languages and works well with all sorts of platforms, such as Magento, Shopify or WordPress. Despite being based in the UK, NomuPay operates in around 50 countries.
Pros
- No flat rate pricing, as prices depend on the business
- High rates of approval
- Comprehensive standards for security
- ISO business setup means in some circumstances, NomuPay is an intermediary
Worldpay
You’ve definitely seen Worldpay before. It’s a leading provider, but accounts are mainly aimed at general businesses. However, you can also join with a high-risk business, yet rates won’t be the best. Worldpay supports industries like adult, gambling, telemarketing, nutraceuticals and so on.
Risk management is one of its main strengths. It offers bespoke solutions to ensure your business gets support based on unique regulations affecting the industry. Given its age, Worldpay has also established connections with different institutions, so it has a fairly good reputation.
Pros
- Bespoke solutions
- Flexible prices
- Support for around 120 currencies
- Prices aren’t public, but that’s because they vary based on the business and industry
Instabill
Instabill has been around for over two decades, so you can leave yourself in good hands. The company has always focused on high-risk industries, the types that are usually rejected by traditional processors. From pharmacies to adult entertainment, you’ll get a series of customized services.
While all these services come with a price, you’ll benefit from the company’s expertise, not to mention the deep relationships with banks and other similar institutions. However, a high risk comes with a fee, so that’s a big drawback.
Pros
- Accepts most types of payment methods, including digital wallets and checks
- Multicurrency processing, which is suitable for international businesses
- High risk underwriting solutions
- Worldpay usually demands extra financial requirements
CcNetPay
CCNetPay has a primary focus on high-risk industries. The best part? It works with international companies. Anyway, you’ve got a merchant account, payment processing and access to industries like pharmacies, gambling, hotels, construction, adult, you name it.
Like other alternatives, CcNetPay has a unique fee structure that varies from one customer to another. Fees vary based on the location, processing volume, category, industry and other factors. You’ll also have some extra services to choose from, such as 3D secure authentication.
Pros
- Customized packages
- Suitable for all high-risk industries
- Plenty of extras
- Some extras are given by default by other merchant account providers
Epoch Payment Solutions
Epoch Payment Solutions isn’t among the big players on the market, but definitely a small provider worth some attention. It was mainly established for merchant in the adult entertainment industry, but its services expanded over time.
Today, Epoch Payment Solutions can tackle around 30 different payment solutions. You can also handle over 60 different currencies, so it’s suitable for international business too. Like other providers, fees vary based on your unique needs.
Pros
- 24/7 customer support
- Flexible billing solutions
- Easy integration
- Not as comprehensive as other alternatives in terms of services, but a viable option for high-risk industries
Why would I need a merchant account?
A merchant account is needed if you want to process card payments, whether debit or credit. You won’t need one if you operate in person and take cash only, but other payments will require a processor for these transfers.The payment processor is, therefore, a necessary intermediary between your customers and yourself, or better said, between bank accounts.
What do I need for my application to be successful?
According to Stax Payments, each provider has their own rules, terms and conditions. In terms of paperwork required, you’ll need your bank information, as well as possible licenses you may need for the industry, PCI compliance and some financial statements to prove the income.If unsure, double check with the vendor you pick.
Bottom line, a high risk merchant account at HighRiskPay.com is a pretty solid option, offering access to numerous solutions, integrations and decent fees. The high approval rate is clearly a priority for many, while the reputation and transparent pricing add to its profile.
What are your experiences with high-risk payment processors like HighRiskPay.com? Share your thoughts with us in comments.
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