Top 5 High Risk Merchants that Need Payment Processing

November 5, 2018 | Financial Problems | Jessyka Lee

high risk pay

Payment Processing for High Risk Merchants

Many businesses often don’t even realize that they are a high risk merchant until something goes wrong; their accounts get frozen for insufficient funds, or worse, the chargebacks start stacking up and the account is completely shut down. The merchant is then left wondering how to get themselves out of a predicament they didn’t even foresee coming.

When your business is categorized as a high risk merchant it can be difficult to know where to go to get the payment processing you need to successfully receive credit card purchases. If you’re unsure if your business is considered low or high risk – click here for a full list of high risk merchants.

When it comes to businesses that are high risk, this means that there are significantly more regulations to adhere to, restrictions that limit access to resources that would be available to low risk businesses, and far more hoops to jump through before being secured with proper payment processing.

We’ve seen regulation crackdowns in several industries more recently than ever. Here are the top 5 high risk merchants that are mostly likely to process high risk payments and need a trusted company like PayKings to provide them with payment processing:

1. Nutraceutical Merchant Accounts

PayKings are leading the industry for payments companies who are considered to be a high risk nutraceutical merchant account provider.

How do you go about getting a high risk merchant account for your nutraceutical business? Glad you asked. It’s really a relatively simple process; first off, choose a merchant account payment processor provider. You need to choose a reputable company like PayKings, who has direct relationships with bank sponsors that can provide you with payment processing – but the key element to this is understanding that you need a high risk merchant account provider to be successful in your industry.

Nutraceutical merchants often have trouble finding online credit card processing due to potentially high chargebacks and continuity billing models; most banks consider nutraceutical merchants too much of a risk. But PayKings understands the unique needs of the nutraceutical industry and we have multiple domestic and international options to keep your business in tip-top shape.

2. Adult Industry Merchant Accounts

high risk business list

When it comes to the Adult Entertainment Industry, PayKings are leading the the way for payments companies who are considered to be a high risk adult merchant account provider.

Getting a high risk merchant account for your adult entertainment business doesn’t have to be an impossible task. Without knowing where to start, it can seem overwhelming, especially if you weren’t previously aware that your business was considered to be high risk. First off, choose a merchant account payment processor provider.

You need to choose a reputable company like PayKings, who has direct relationships with bank sponsors that can provide you with payment processing – but the key element to this is understanding that you need a high risk merchant account provider to be successful in your industry.

It can sometimes be a challenge to find a suitable adult merchant account for your adult entertainment business. However, with an adult merchant account from PayKings, you can qualify for an account with one of our domestic or international acquiring banking partners at a competitive rate. Whatever form of entertainment your business offers, PayKings likely has a solution for you that can get you processing payments in as little as 3 business days.

3. Vape / E-Cig Merchant Accounts

PayKings pride themselves on being the #1 payments company in the industry of high risk vape and E-Cig merchant account providers. With regulations on payment processing getting more and more strict, you will need a solution you can rely on.

Have you been faced with the tough task of finding a payments processing solution due to the crack down on vape and E-Cig sales? Have no fear about getting a high risk merchant account for your vape or E-Cig business, because it can be a relatively simple process. First of all, choose a merchant account payment processor provider. You need to choose a reputable company like PayKings, who has direct relationships with bank sponsors that can provide you with payment processing – but the key element to this is understanding that you need a high risk merchant account provider to be successful in your industry.

E-Cigarettes and Vapes are considered to be high risk in the online merchant account world and credit card processing solutions can be difficult to find. The vaping industry has propelled into a billion-dollar industry; expand your market share with an online presence. PayKings has multiple options for you and makes it simple to obtain a vape merchant account in as little as 48 hours.

4. Subscription Boxes Merchant Accounts

When you need a payments company to provide a high risk subscription box merchant account – PayKings is there, and can do all of that and more.

How do you go about getting a high risk merchant account for your subscription box business? Good question. It’s a relatively simple process that begins with choosing a merchant account payment processor provider. You need to choose a reputable company like PayKings, who has direct relationships with bank sponsors that can provide you with payment processing – but the key element to this is understanding that you need a high risk merchant account provider to be successful in your industry.

Having trouble finding a reasonable subscription box merchant account for your ecommerce website? Subscription Boxes often use recurring billing methods and are considered to be high risk in the online merchant account world and credit card processing solutions can be difficult to find. The subscription box industry is growing; expand your market share with an online presence. PayKings has multiple options for you and makes it simple to obtain a subscription box merchant account in as little as 48 hours.

5. Firearms Merchant Accounts

Semi automatic handgun and pistol cartridges

Firearms merchant accounts need reliable and experienced payments companies who are high risk firearms merchant account providers – that’s where PayKings takes the lead and provides a one-stop-shop for all your payment needs.

What’s the first step to getting a high risk merchant account for your firearms business? This process doesn’t have to be difficult if you choose a good merchant account payment processor provider. You need to choose a reputable company like PayKings, who has direct relationships with bank sponsors that can provide you with payment processing – but the key element to this is understanding that you need a high risk merchant account provider to be successful in your industry.

Reliability is highly important when seeking a processing partner for your firearms’ website. Businesses that sell firearms may find it difficult to find the right payment processing solutions for them. Many banks are often fearful of the potential legislation “guns” or “firearms” may bring against them. Nonetheless, we have firearms merchant accounts solutions made specifically for you.

November 5, 2018 | Financial Problems | Jessyka Lee