high risk merchant account at highriskpay.com

So, you run an online business that’s considered “high risk” by most payment processors and banks. Maybe you’re in the CBD or cryptocurrency space. Perhaps you operate an offshore gambling site or sell e-cigarettes. Whatever the case, you need a high-risk merchant account to accept credit cards from your customers. The problem is, most traditional processors won’t touch you with a 10-foot pole due to the nature of your business. But don’t worry, we’ve got you covered. Highriskpay.com specializes in high-risk merchant accounts for businesses just like yours. We understand the challenges you face and have the experience to provide tailored solutions so you can get paid and keep operating without hassle. If you’re ready to finally find a processor that gets you and your business, look no further. Highriskpay.com is here to help.

What Is a High Risk Merchant Account?

A high risk merchant account is a special type of payment processing account for businesses that are deemed “high risk” by banks and credit card companies. These include industries like adult entertainment, gambling, CBD, cryptocurrency, and travel.

Because these businesses are riskier, banks view them as more likely to face chargebacks, fraud, and non-payment. So, they either deny them a standard merchant account or charge much higher fees. A high risk merchant account provider focuses specifically on these industries and is willing to take on the added risk.

To get approved for an account, you’ll need to provide details about your business like your business plan, financial statements, and processing history. The processor will evaluate your business to determine an appropriate reserve amount and monthly fees based on your risk level. Fees for high risk accounts are usually higher to account for the extra risk.

Once approved, you can start accepting credit and debit card payments from your customers. The funds from payments will be deposited into your bank account, minus any fees, typically within 2 to 7 business days. Your processor will monitor your account for excessive chargebacks or fraud and may hold or freeze funds if needed.

If you do experience higher chargebacks or other issues, don’t panic. Work with your processor to determine the cause and take corrective action. As long as you show efforts to resolve problems, most providers will work with you rather than immediately terminating your account. A solid history of compliance and chargeback reduction can even lead to lower fees over time.

With the right high risk merchant account, you can gain access to payment processing solutions tailored to your business needs. Do your research to find a provider you can trust for the long haul.

Benefits of Getting a High Risk Merchant Account at Highriskpay.com

Getting a merchant account through Highriskpay.com comes with some major benefits.

  • Fast approval process. They specialize in high risk businesses, so they know how to properly assess your business and get you approved quickly. Most merchants get approved within 1-2 business days.
  • Competitive rates. Highriskpay works with dozens of processors and banks to get you the best rates possible for your business type. They compare multiple options to find you the most affordable solution.
  • Premium support. Their dedicated support team is available 24/7 to help you with any issues or questions. They really understand high risk businesses and are trained to provide solutions for your unique needs.
  • Flexible terms. Highriskpay offers month-to-month agreements so you’re never locked into a long-term contract. They aim to provide terms that suit your business needs.
  • Chargeback protection. Excessive chargebacks can be damaging for high risk businesses. Highriskpay’s chargeback management solutions help prevent fraudulent transactions and fight chargebacks to keep your business secure.

Rollover for additional coverage

If your current processor closes your account, Highriskpay can establish a new merchant account within 48 hours so you can get back to business as usual. Their rapid response rollover service ensures minimal disruption.

Between the speedy application process, competitive pricing, dedicated support, flexible terms, and chargeback protection, Highriskpay has all the benefits you need in a high risk merchant account provider. Their services are tailored to meet the needs of high risk businesses through every stage of growth. If you’re struggling to get approved elsewhere, look no further than Highriskpay.

Types of Businesses That Require a High Risk Merchant Account

High risk merchant accounts are for businesses that face a higher potential for chargebacks, fraud, and non-payment from customers. Some common types of businesses that require a high risk merchant account include:

Adult entertainment

The adult entertainment industry faces scrutiny and stigma, so payment processing can be challenging. High risk specialists are experienced in underwriting and approving these merchant accounts.

CBD and hemp products

Even though hemp-derived CBD products are legal, most banks still consider them high risk due to federal regulations. High risk processors are more open to approving CBD merchant accounts.

Crypto currency

Cryptocurrency exchanges and wallet providers often can’t get approved for a standard merchant account. High risk account providers understand crypto and are willing to underwrite these accounts.


Travel companies, especially tour operators and travel agencies, frequently require a high risk merchant account due to the potential for chargebacks. High risk accounts offer more lenient underwriting for these businesses.

Tech support

Tech support companies typically have higher chargeback rates, so they are labeled as high risk. High risk merchant account providers specialize in approving and optimizing payment processing for these types of businesses.

Firearm and weapon sales

Any business selling firearms, ammunition or weapons will be considered high risk by most banks and require a high risk merchant account. Specialized account providers are experienced with the regulations and requirements of these businesses.

As you can see, many types of businesses that face greater risks or regulatory issues will require the specialized underwriting and approval of a high risk merchant account provider. Highriskpay.com has experience with all of these industries and more, to ensure your business gets a merchant account tailored to your needs.

How to Get Approved for a High Risk Merchant Account at Highriskpay.com

Getting approved for a high risk merchant account with Highriskpay.com is actually pretty straightforward if you follow the right steps.

Provide Necessary Documentation

Highriskpay.com will ask you to provide certain documents to verify your business. This typically includes things like your business license or incorporation papers, tax ID number, business bank statements, and a voided check. Be prepared to submit scanned copies of these documents when you apply.

Have a Solid Business Plan

A well-thought-out business plan shows Highriskpay.com that you have a viable business model and the experience to make it work. Your plan should outline your business model, marketing strategy, financial projections, and key personnel. Highriskpay.com wants to see that you understand your industry and have a path to success.

Maintain a Good Credit Score

Your personal and business credit scores play a role in your approval and terms. Aim for scores of 650 or higher to qualify for the best rates. Pay down debt and check your credit report for any errors before applying. Highriskpay.com may check your scores as part of the underwriting process.

Be Transparent About Your Business

Don’t try to hide the nature of your business or downplay any risks. Highriskpay.com specializes in high-risk accounts, so they understand the challenges. Be upfront about chargeback rates, refund policies, and any other issues that could impact your processing. Honesty and full disclosure will help you get approved with the right terms and rates for your needs.

Provide a Large Down Payment

For high-risk businesses, a substantial down payment, often 10-25% of your projected volume, is usually required. This down payment helps offset the risk to the processor. Be prepared to provide at least $5,000-$10,000 or more as a down payment to improve your chances of approval with good rates. The down payment will be credited toward your future processing fees.

Following these key steps will help ensure your application for a high risk merchant account at Highriskpay.com goes as smoothly as possible. Do your part to minimize risk and be transparent, and you’ll be well on your way to accepting payments from your customers.

FAQs About High Risk Merchant Accounts at Highriskpay.com

Many business owners have questions about high risk merchant accounts. Here are some of the most frequently asked questions about Highriskpay.com.

What makes a business “high risk”?

High risk businesses are those deemed risky by banks and payment processors, often due to a higher chance of chargebacks, fraud, or illegal activity. Some examples include online gambling sites, adult entertainment, cryptocurrency, and some e-commerce stores.

Why do I need a high risk merchant account?

Regular merchant accounts often reject high risk businesses due to their risk level. A high risk merchant account is designed specifically for businesses that face higher operational challenges. They allow you to accept credit card payments from your customers, even with the higher risks.

What are the fees for a high risk merchant account?

High risk merchant accounts typically have higher fees than a standard merchant account. This includes a higher setup fee as well as higher transaction rates to offset the increased risks. The exact fees will depend on factors like your business type, processing volume, and other details. Highriskpay.com is transparent about all fees upfront so you know exactly what to expect.

How long does the approval process take?

The approval process for a high risk merchant account usually takes 3 to 5 business days. More complex applications can take 7 to 14 days. The timeline depends on how quickly you can provide all necessary documents and how long the review takes. Highriskpay.com has an easy application process and aims to provide an approval decision as quickly as possible.

Can I use an offshore merchant account?

Some high risk businesses opt to use offshore merchant accounts, but there are additional risks to consider. Offshore accounts may seem appealing due to looser regulations, but funds can be seized more easily, and you have less recourse in case of issues. Domestic high risk merchant accounts through a reputable provider like Highriskpay.com offer more security and stability for your business.

In summary, a high risk merchant account through a trusted domestic provider like Highriskpay.com offers the ability to securely accept payments for higher risk ecommerce businesses. By understanding the types of fees and approval process involved, you can find an account tailored to your unique business needs.


So there you have it. If you’re running a business in a high-risk industry, a merchant account at HighRiskPay.com could be a great solution for you. They understand the challenges of high-risk businesses and have solutions tailored to your needs. Their approval rates are high, fees are competitive, and payouts are fast. What more could you want? Stop worrying about getting denied by other processors and open an account with HighRiskPay.com. They’ll get you up and running in no time so you can get back to focusing on your business. Take advantage of their experience and expertise in the high-risk space—you’ll be glad you did.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *