Whether your business qualifies for a high-risk merchant account depends on numerous factors, including revenue, processing history, risk profile, and more. We will review your business details to determine eligibility. Apply online and receive personalized guidance from our team within 24 hours.
The cost of a high-risk merchant account varies depending on the type of transactions you process and your business’s risk profile. At PaymentCloud, we offer competitive pricing to all our clients. While many merchants benefit from a tier pricing model, businesses with extensive processing history can access Interchange Plus pricing.
Yes, high-risk payment processing is safe. While there’s no way to eliminate all payment processing risk, partnering with a high-risk merchant account provider ensures your business has the tools and resources to shield itself from fraud and chargebacks. Combined with strong internal controls, these protections minimize transaction risk and protect your bottom line.
While our application process is hassle-free, we require detailed information about your business to determine your eligibility for a high-risk merchant account. Prepare the following documentation before you apply:
- Government-issued photo identification
- Signed merchant application
- Voided check or bank letter
- Three months of bank statements
- Three months of processing statements
- Details on your business and its services/products
Every merchant account application goes through underwriting to evaluate both the business and its owners. We can’t guarantee approval for applicants with credit challenges, but bad credit doesn’t automatically disqualify you from obtaining a high-risk merchant account. Submit your application online, and our team will contact you within 24 hours to discuss your eligibility.
