High Risk Merchant Account Specialists

Obtaining a high risk merchant account is a specialty of ours here at PaymentCloud for businesses that are new and established nationwide. Our cutting-edge high risk credit card processing solutions ensure you will have the most up-to-date and relevant software/hardware and solutions for your customers to purchase products and/or services easily. The process of setting up a high risk merchant account is determined by the amount of risk associated with the business as well as the vertical. But what determines if your business is risky and how can you secure affordable high risk credit card processing?

A Look into High Risk Merchant Accounts

Don’t let the term “high risk” scare you. There are a wide variety of reasons a business can be classified in this way and not all of them are bad. High risk merchants may earn this classification due to their average transaction size, industry type, typical chargeback rate, fulfillment timeframes, or if they are structured to accept subscription-style payments. By falling into any one of these categories, your business will automatically be deemed high risk by merchant account providers across the country.

Some industries fall into the high risk category without a doubt, while others are carefully scrutinized for tell-tale risk factors. Below are a few common industry types that are found to always require a high risk payment gateway.

  • Accounting & Tax Prep
  • Adult Entertainment
  • Guns & Firearms
  • Cigarettes & Tobacco
  • High Volume
  • Tech Support
  • Credit Repair
  • Debt Consolidation
  • Web Design Services
  • Digital Downloads
  • Document Prep
  • Drop Shipping
  • Electronics
  • Smoking Accessories
  • Non-Profit
  • Jet Charter
  • Bail Bonds
  • SEO & SEM Services
  • Nutraceuticals and Supplements
  • Property Management
  • SaaS Companies
  • Tasers & Stun Guns
  • Continuity & Subscriptions
  • Hunting & Outdoor Equipment
  • Vape & E-Cigarettes
  • Dating Services

High Risk Credit Card Processing for Every Vertical

When your business does not conform to the credit policies of a tier one, traditional bank, you must then turn to high risk merchant processors. But here at PaymentCloud, we strive to make you feel welcome and get you set up with a high risk payment gateway that can support your business type. We are seasoned pros in these verticals, having dealt with every situation possible with high risk businesses.

By utilizing our broad scope of knowledge and leveraging our 10+ banking relationships, we try our best to make the process as painless as possible. With the proper merchant account, you can get your business up and running faster with safe and secure credit card transactions to help you grow.

Chargebacks and Risk Mitigation

We have dealt with a variety of deterrents, ranging from business type and credit score to high chargebacks, that can place your business in the high risk processing category. Our multitude of banking relationships, merchant services fraud tools, and chargeback management integrations are in place to mitigate these risks. For bad credit, we submit through our banks that will not immediately turn you down based on score alone. This way you can focus on getting your business going rather than stressing about that simple three-digit number. Regarding chargebacks, a simple, seamless integration can help give you a chance to resolve them before the bank gets involved. If this is something that you anticipate to be a problem, then implementing this straight-forward plan of action will save you a headache later on. As for everything else, our flexible underwriting and prevention tactics will allow you more leeway to recover. We make sure to know your business inside and out, so that we can help predict and reduce your risk before it occurs.

Options for High Risk Merchant Processing

PaymentCloud offers state-of-the-art EMV terminals, POS systems, mobile swipers, a virtual terminal, chargeback prevention tools and gateways, to help your business be competitive. Depending on your payment needs, we can provide a solution. E-Commerce is our bread and butter, and we can integrate with just about every website and platform on the web. Whether you are using Shopify, WooCommerce, or a custom website we have a solution. Furthermore, we can support retail brick-and-mortar businesses with usb swipers, terminals and POS systems at affordable rates.

Personalized Merchant Services

You will have a dedicated experienced account representative help you every step of the way. The world-class support does not stop upon approval, we handle all inquiries for the life of the account as well. We understand the importance of accepting payments on a regular basis uninterrupted, and we take it very seriously. If there are any issues that arise you will have someone to call immediately. No submitting a support ticket and waiting two days for an email response, that just doesn’t cut it.

Painless High Risk Processing Solutions

Whether you are currently processing or need to setup a new high risk merchant account for your business, PaymentCloud is here to help. For existing businesses looking for better rates, new equipment, or state-of-the-art security, ask us how we can help you. We offer free rate reviews, the newest terminals and POS systems, as well as PCI compliant online credit card processing. As for new businesses just getting started, allow us to simplify the process of high risk payment processing. We have a combined experience of over decades in the high risk space. Let us get you processing credit cards simply and quickly. PaymentCloud is one of the most trusted high risk credit card processing companies in the industry. Let us show you why.

Common Questions from Merchants

Will a low credit score stop me from setting up high risk merchant processing with PaymentCloud?

Simply put, no. We have banks that are flexible with poor credit as long as the other parts of your business check out. For instance, if you have poor credit but a beautiful looking website, decent financials and no negative complaints online, then the bank would be okay with supporting that account. Furthermore, you could always get a cosigner as a last resort.

What is the amount of time it takes to get setup with high risk merchant services?

On average, we can get you set up between 3-5 business days. This all depends on the business type, bank, and the processing volume requested. The faster you can turn in a complete file, the faster we can get the account underwritten.

Do we have to be an established business to work with PaymentCloud?

No, we can take on new startups as well as businesses who have been around for years. You don’t need to have tons of money in a bank account as well. Let’s face it, most start-ups are bootstrapped and our banks understand that.

What are the minimum requirements for opening an account with high risk merchant processors?

Regardless of the bank that will be supporting your business, they will need a copy of your ID and a voided check or bank letter. Website compliance and additional documentation may be asked for, but will vary on a case-to-case basis.

Complete payment processing solutions for thousands of clients nationwide