Get Your High Risk Merchant Account Pre-approved
Adult
Adult Merchant AccountPawn Shops
Pawn Merchant AccountCredit Repair
Credit Merchant AccountEcommerce
Ecommerce Merchant AccountHigh Risk Merchant Account
If you are an eCommerce high risk company, PayKings has got you covered. Get pre-approved in as little as 6 hours* for a difficult to obtain high risk merchant account. Our team of experts considers your business type, business model, and restricted service or product types.
We understand your needs and share essential high risk solutions. We also have established partners who can help you with fraud prevention, chargeback protection and gateway integration.
Do I Need a High Risk Merchant Account?
Deteriming if you require a high risk merchant account is rather simple. Many payment processors make the distinction in their Terms and Conditions. Some of the reasons include the folllowing:
- High Chargeback Rates - If your company has too many chargebacks or reaches a certain threshold, you may be high risk.
- Chances of Fraud - Certain companies or industries have increased fraud levels. Know your industry and secure your business from different kinds of online scams and theft.
- Recurring Payments - Do you offer consistent monthly payments or bill automatically after a trial offer? There are merchant accounts specifically for these types of billing systems.
Gateways and Connecting Your Software
Our high risk payment gateway and direct network of 20+ banks and PSP's provides the connections you need to run your ecommerce store. It works with most POS systems so you can keep your existing terminal.
The payment gateway shares information from your merchant account and the customer's bank account. It's an online interface that connects the two parties at checkout. Be sure to understand all of the regulations involved with your gateway and find out how to make the ecommerce process as streamlined as possible.
High Risk Payment Gateway
PayKings offers payment solutions to businesses in high risk industries, which means that as payment processing providers, our banks are willing to accept the liability for the increased risk associated with those businesses that are categorized as needing a high risk merchant account. Our high risk payment gateway makes high risk credit card processing safer and more secure with integrated fraud solutions to prevent chargebacks.
High Risk Credit Card Processing
How do you know if your business has been categorized as needing high risk credit card processing? Well, the primary reason is other merchant accounts aren’t willing to take on the risk associated with your business. The acquiring bank or its representatives can close your account and hold funds, without notice, based on negative risk factors involved with your product or brand. Moreover, if you experience high levels of chargebacks or if your payment processor has dropped your account, you may need a high risk merchant account to start accepting credit card payments online.
High Risk Merchant Account Providers
Find the best high risk merchant account provider by knowing what to look for. Whether your ecommerce store is selling CBD oil, Adult Items, or Credit Repair Services, your merchant account should custom fit your business’s needs. With an integrated payment gateway that provides stable and scalable credit card processing, your site will be ready for new transactions.
High Risk Payment Processors
In your pursuit to find the best high risk payment processor, you’ll come across a number of different services and options. In order to find the best processor, you’ll want to be familiar with your business needs and capabilities. For example, you may need one who is willing to onboard an Adult business that was dropped by a major merchant, or a CBD company who is trying to find a sustainable solution.
Payment processors like PayKings, learn your goals and work with you to get you approved with long term solutions. Payment processing is key for your ecommerce store. It allows customers to confirm a purchase, and checkout with their choice of payment. Nowadays, credit cards are the preferred way to pay. Ensure that your website doesn’t have any barriers between your customer and their final purchase.
Processing Options
Instant Approval
Certain businesses and industries can get instant approval on a high risk merchant account. In most cases however, banks will want to review your processing history and sales volume on a case-by-case basis. Each business is different and has their unique needs. If you don’t qualify for instant approval, PayKings will work to get your application processed fast. The usual time between start of the application and final approval is five to ten business days. This is standard for most high risk accounts.
ACH payment processing is a fast solution that’s often cheaper than credit card processing. Better yet, the approval times are faster still. Also known as direct debit, customers pay with a routing and account number. It’s often used for ongoing billing or subscription merchant accounts. Instant approvals happen when your information is complete and banks can review your file fast. Having all your necessary paperwork and a complete merchant application will help make the process quick and easy.
Get Approved Fast
High Chargeback Merchant Account
Many businesses are categorized as high risk due to the number of chargebacks they have. High chargebacks occur when there is an inconsistency in your product or supply chain, or sometimes when customers try to take advantage of your service. At Paykings, we work with our partners to reduce chargebacks and get you approved for a merchant account that is custom fit for your business needs.
Chargebacks occur for many reasons. The three most common are intentional fraud, friendly fraud, and merchant error. Intentional fraud is when someone tries to make an illegal purchase either by using stolen information or using illegal payment methods. In the case of friendly fraud, customers may file a chargeback after they received a product in order to keep both the item and payment. The last reason is merchant error. This happens if you forget to offer a refund, or you may not have received a notification that a customer wanted to return a product.
Chargeback Protection
Strategic Partners:
