Looking For A Canadian High Risk Merchant Account?PayKings offers businesses in Canada high risk credit card processing options that are compliant with Canadian payment processing laws and regulations. Our banking partners are familiar with the international landscape. We work to get your company approved for the Canada high risk merchant account you need.
We have banking solutions for companies in multiple verticals. These industries range from CBD and cannabis merchant services, to adult and travel. Our Canada payment processing resources can help you establish a cross-border selling presence and develop new customers in the USA.
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High Risk Payment Gateway CanadaA high risk payment gateway in Canada is much like any other merchant account. The key distinction with Canadian credit card processing is the type of platform you use to operate your online shop. Shopify, Wix, and BigCommerce all require different gateway integrations. In some cases, this makes it hard to plug in a fully functional payment service to your site.
Nontheless, if you’re a merchant selling or looking to accept payments from Canadian consumers, you need to know how to get high risk Canadian payment processing solutions. Specifically, get established in a way that won’t get your merchant account frozen or shut down. In Canada, there are legal protections for consumers centered around credit card payment processing. This means the popular payment processors in Canada, like PayPal and Stripe, could shut down your merchant account once your customers start filing for chargebacks.
When you look for a Canadian payment processor that will provide you with a high risk merchant account, they need to know the ins and outs of the Canadian laws and regulations that dictate credit card processing in Canada. The experts at PayKings are well versed in international and Canadian payment processing regulations. They know the intricacies of high risk payment processing industries. We can help secure your high risk merchant account for Canadian payment processing at good rates. Furthermore, they are compliant with Canadian laws.
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High Risk Credit Card Processing Canada
The leading cause of getting your merchant account shut down by an aggregate payment processor is consumer credit card chargebacks. Customers file for chargebacks for many reasons. Nonetheless, there are payment processors that recognize some industries have higher than average consumer chargeback instances. For example, e-commerce businesses are high risk due to the credit card fraud that results from data breaches. Additionally, its card-not-present nature increases risk.
Canada Cannabis Merchant AccountRecently, the production, use, and sale of marijuana and cannabis products were legalized in the entire nation of Canada. In other places around the globe, marijuana and cannabis remain illegal. The varying international laws and regulations around the cannabis industry make getting credit card payment processing solutions for marijuana products bought and sold in Canada a challenge.
Canadian businesses and dispensaries that sell products such as marijuana, CBD, and hemp need to seek high risk payment processing solutions. They specifically need a high risk processor in order to accept credit card payments.
High Risk Merchant Account Providers Canada
High risk merchant account providers in Canada help you set up a bank account just for your business. When a customer purchases something from Canada, or from your Canadian eCommerce or retail store, their credit card transaction processes through a payment gateway. Then it deposits into your merchant account after approval and verification.
Low risk processing industries rarely need to be concerned with what services they choose to process. This is because their credit card payments have fewer instances of consumer chargebacks. High risk businesses, on the other hand, have to be more careful. Once chargebacks start getting filed against a high risk businesses, the merchant account will get shut down by the popular processors.
Canada Merchant AccountAre you a business in Canada and had your merchant account frozen or shut down? You need to seek high risk payment processing services and a Canadian high risk merchant account. A sustainable Canadian high risk merchant account is a custom account just for you and your businesses payment processing needs.
PayKings has over 20 relationships with acquiring banks. We understand the intricacies of high risk payment processing in Canada and will work on your behalf to negotiate the best rate on your Canadian high risk merchant account.