High Risk Merchant Account At highriskpay.com (Complete Review)

Are you among those facing problems opening your business’s merchant account or handling your current merchant account just because your business is marked as high-risk? Don’t worry. Many merchant account service providers are there who may understand your problem and provide you with a better high-risk merchant account. One such service provider is High-Risk Merchant Highriskpay.com. In this article, I will give you complete information about High-Risk Merchant Highriskpay.com.

Before I explore Highriskpay.com in detail, let’s first understand the high-risk merchant account.

Table of Contents

What is High Risk Merchant Account?

A high-risk Merchant Account is a special bank account designed for businesses categorized as high-risk by traditional financial institutions. High-risk merchant account provider companies typically charge a higher amount and also place stricter terms and conditions on maintaining the accounts.

Financial institutions may label any merchant account as a high risk if they find the account associated with a higher chargeback, fraud, or higher volume of returns.

It is essential to understand that the more risk associated with your business, the more difficult it will be to find a payment processing company.

However, numerous companies can readily offer you high-risk accounts, including Highriskpay.com, which is a licensed moneylender we will delve into in this article

Top Reasons a Merchant May Be Considered High-Risk:

Payment processing companies can declare your merchant account high risk for many reasons. Each payment processing company may have different guidelines to determine if a Merchant account is high risk. I want to mention some specific reasons all processing companies follow in labeling a merchant account as high risk.

1. Transaction Volume. If the merchant’s transaction volume is very high. The processing company may label the account as high risk if a merchant is doing monthly transactions of more than $20000 or if their average transaction rate is 5000 dollars or more.

2. Receiving International Payments. Even if you receive payments from countries where fraud is high, the processing company may ghost you as a high-risk merchant account

3. New Merchant. If you are brand new. Even then, the payment processing company considers you high risk because they do not have any track record of you

4. High-Risk Industry. Your industry can also put you in a high-risk merchant account category. For example, if you are a subscription-based company, then you are bound to be labeled high Risk

5. Low Credit Score. If your credit score is very low, you may be under the high-risk merchant account category.

Apart from this, if your business falls in the below category, your Merchant account is likely labeled High Risk.

Types of Businesses Commonly Considered High-Risk

Apart from the business having bad credit history, Some specific businesses are considered high risk by financial institutions. These business are as follows:

Adult Industry
Ticket brokers industry (including accommodation planners, airlines, and cruises)
Gambling
Furniture Stores
Electronics stores
Online dating App
e-commerce
e-cigarettes, vaping
debt collection
Continuity Subscription Services
Firearm companies
New Startup
CBD Business
Dropshipping Businesses
Sportsbook Businesses
nutraceutical business
Nonprofits Businesses

Note: Highriskpay.com serves all these businesses.

How To Find High-Risk Merchant Account Service Provider For High-risk Business

Since not all payment processor companies work with businesses in high-risk industries, high-risk payment processor companies also do not display standard pricing information for high-risk merchant accounts on their website or other public platforms. In such a situation, it becomes even more critical that you do careful research to find high-risk merchant service providers. You can take these steps to find the Right Payment Processor For Business:

1. Know Your Business Risk Category

First, understand your business risk category. Determine to what extent your business falls into the high-risk category so that you can factor in the pricing of the payment processor company.

2. Look for Specialized High-Risk Providers

Nowadays, many players in the high-risk merchant account processing service; you should prepare a list of some components, especially of the exceptional high-risk provider. Now you compare the specialty of these companies based on:

What kind of experience does he have to work with high-risk merchant businesses?
How long does it take to deposit payment?
Since the processing fee for a High-Risk Merchant Account is higher than regular processing, compare the costs and conditions.
Make sure they support your industry and payment methods
Read all the payment processors’ reviews, get references, and then decide
Check that integration is favorable with your business platform and also see compliance
How strong and accessible is their customer service?

Major Difference Between Regular and High-Risk Merchant Accounts

There are many differences between a regular merchant account and a high-risk merchant account.

Feature	Regular Merchant Account	High-Risk Merchant Account
Risk Level	Low-risk businesses with stable revenue.	High-risk businesses are prone to chargebacks and fraud.
Approval Process	Quick and easy approval with minimal documentation.	Stricter approval with extensive underwriting.
Processing Fees	Lower transaction fees.	Higher fees due to increased risk.
Chargeback Tolerance	Limited (usually below 1%).	Higher chargeback tolerance but monitored.
Rolling Reserve	Not required.	Often required to cover chargeback risks.
Contract Terms	Flexible, short-term contracts.	Long-term contracts with stricter conditions.
Supported Industries	Low-risk industries (e.g., retail, food, small services).	High-risk industries (e.g., gambling, adult content, CBD, travel).
Payment Processing Partners	Standard processors like PayPal, Stripe, and Square.	Specialized high-risk payment processors.

Bonus Tips For High-risk Business Owners to Get a Merchant Account

If your business is high-risk and you are looking for a good payment processor company, you should pay special attention to these things.

1. Keep a significant balance in your business bank account so that the payment processor company is likely to know your financial stability and risk it.

2. Try to minimize chargebacks. There can be many reasons for the increase in chargebacks. E-commerce businesses can reduce their chargebacks in this way:

Improve order verification and fraud prevention
Display clear business policies and set transparent communications
Provide responsive customer service support
Maintain substantial documentation and evidence
Implement subscription and payment best practices

3. Be transparent while applying for a merchant account. During the application process, you should provide all the information related to your business correctly; do not hide anything. Not doing so will affect your credibility. Unlike regular business, a high-risk processor company can ask you for very detailed information about your business and finances.

4. Keep all the necessary documents ready. The most essential document is to know about six months of bank statements and tax returns. However, every payment processor has its own documentation needs; by contacting them or going to their website, make the information one.

5. Follow all the guidelines of your payment processor. Different payment processors have different abilities to take risks. Therefore, see if you can do any step that the processor recommends.

About Highriskpay.com

Highriskpay.com is one of the leading High Risk Merchant Account & Payment gateway Solutions provider company based out in USA.

The High Risk Pay serves as a credit card processing and payment gateway for your businesses with bad credit. The company has been working in the credit card industry since 1997 and is growing rapidly. The company’s network is spread nationwide and works under its processing bank. The best thing about hishrisqpay.com is its lowest processing fee and 24/4 hourly support system.

List Of Services Provided By HighRiskPay.com

HighRiskPay.com’s high-risk merchant account offers many services. Some of their services are listed below:

1. High-Risk ACH Processing – No matter if your business falls under High risk, it offers ACH processing

2. Credit card processing – It offers credit card processing for businesses having a low credit score

3. chargeback management – It offers a free chargeback management system.

4. strong risk management – HighHighRiskPay.com’s strong risk management system identify and red flag fraud-prone accounts and affiliates

Top Benefits of Having a Merchant Account At Highariskpay.com

Highariskpay.com has many unique features that keep it at the forefront of High Risk Merchant Account Services and which no other payment processing company has. You can choose hishrishpay.com for the following reasons:

1. High Approval rate – The approval rate for Highariskpay.com is around 99 percent means your chances of approval are higher.

2. No application fee – Highariskpay.com does not charge any application fee as other banks and processors are charging.

3. No Contract – At Highariskpay.com, the merchant does not have to sign any contract

4. Accept businesses having Low or Bad credit – Businesses with low credit scores can also have a high chance of approval rate.

5. Chargeback prevention – HighRiskPay.com provides complete chargeback prevention

6. Fast approval – At HighRiskPay.com, your merchant account gets approved within 24 hours.

6. Next Day Funding – You will get your fund credited in your account very next day of the approval.

Types of High-Risk Businesses Served by HighRiskPay.com

As a leading high-risk merchant account service provider, HighRiskPay.com currently serves 19 high-risk businesses, which are generally considered high-risk by regular financial institutions.

Adult Merchant Account
Continuity Subscription Merchant Account
Firearm Merchant Account
Startups Merchnat Account
Bad Credit Merchant Account
Credit Repair Merchant Account
High Volume Merchant Account
Ticket Broker Merchant account
CBD Merchant account
Dating App Merchant account
Travel Merchant Account
MLM Merchant Account
Debt Collection Merchant Account
Ecommerce Merchant Account
Online Pahrmacy Merchnat Account
Tech Support Merchant Account
Non-Profits Merchant Accounts
Drop Shipping Merchant Accounts
Sports Book Merchant Accounts
Nutraceutical Merchant account

Conclusion:

Highriskpay.com is one of the top High Risk Merchant Account & Payment gateway Solutions provider helping company having bad credit history or categorised as high risk by normal financial instutions.

Frequently Ask Questions (FAQs)

What type of business is considered a high Risk

Many businesses come under the category of high risks, such as businesses related to adultery, casino, debt collection, e-commerce, vape, e-cigarette, furniture and electronics stores, multilevel marketing (MLM), online dating; subscription services and companies with recurring payment plans; and travel, including airlines, cruises, and vacation planners.

How to Know If My Business Fall Under High Risk?

Suppose your business Transaction Volume is very high, like 20 thousand dollar transactions in a month, or the average transaction rate is 5000 dollars or more. The processing company can put your merchant account at High risk. Apart from this, if you’re Receiving International Payments from countries where fraud is high, if you are a new brand, or if you are associated with a payment High-Risk Industry, then chances are your business fall under high risk.

How to open a high-risk Merchant account

To open a high-risk Merchant account, you have to fill out an application provided by vendors online or offline. The company will analyze the various factors and decide if your Merchant account should be open.

How much does a high-risk merchant account cost?

High-risk merchant account fees vary by the payment processing company. High-risk merchant accounts will likely charge higher transaction fees than low-risk accounts. So read their term and condition carefully.

What are high-risk merchant account fees?

Again it varies from vendor to vendor. But one thing is clear you’re charged higher than the normal processing fees. You may have to pay a setup fee to open your account and a termination fee to close it, plus per-transaction fees, terminal fees (for in-person payments), and chargeback fees.

What Document is required to apply for a merchant account?

You must provide bank account information, including your account and routing number, an employer identification number (EIN), government licenses associated with your business, Payment Card Industry (PCI) compliance, and financial statements.

Pranab Bhandari

Pranab Bhandari is an Editor of the Financial Blog “Financebuzz”. Apart from writing informative financial articles for his blog, he is a regular contributor to many national and international publications namely Tweak Your Biz, Growth Rocks ETC.