High Risk Merchant Accounts
High risk merchant accounts are designed to help businesses that are considered high-risk, such as those in industries like CBD, adult entertainment, travel, gaming, and e-cigarettes, to process payments online. With these accounts, businesses can get instant approval in the high-risk space and receive competitive rates on their merchant accounts and payment gateways. This allows them to accept credit and debit card payments from customers with ease, while also providing an extra layer of security.
Bad News. Good News.
The Bad. As in most industries, high risk generally means higher cost. Payment processing is no different. Generally, a high-risk business can expect to pay higher processing rates than those of a low-risk business.
The Good. Dual Price Payment Processing that is available to low-risk businesses is now available to high risk. Dual Price has a cash price and a slightly higher credit price, the same as many gas stations have. This allows you to make the same profit on credit sales as cash sales. The credit price pays payment processing costs which dramatically increases profit.
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As experts in challenging and hard-to-place merchants applying for payment processing, we’re here to get your business pre-qualified and approved with a high risk merchant account and the best US and International banking solutions catered specifically to your business needs.