Need Canadian payment processing solutions for your high risk merchant account?PayKings can offer businesses that are considered high risk credit card processing options that are compliant with Canadian payment processing laws and regulations.
High Risk Payment Processing in CanadaIf you’re a merchant selling or looking to accept payments from Canadian consumers, you need to know how to seek high risk Canadian payment processing solutions 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, Stripe, will shut down your merchant account once your customers start filing for chargebacks.
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High Risk Businesses in Canada
High Risk Merchant Account Canada
A high risk merchant account is, in the simplest terms, a bank account set up just for your business. When a customer purchases something from Canada, or from your Canadian eCommerce or retail store, their credit card transaction is processed and approved through a payment gateway and ultimately deposited into your merchant account. Low risk processing industries rarely need to be concerned with what services they choose to process their credit card payments because they have fewer instances of consumer chargebacks. High risk businesses, on the other hand, do because once those chargebacks start getting filed, your merchant account will get shut down by the popular processors.