It’s practically impossible for commerce merchants to operate without accepting credit or debit cards. Before you can accept “plastic,” you have to use a payment processor who acts as a link between you, banks, and credit card networks. A lot of financial processors do business exclusively with low-risk merchants, who they consider as a safer investment. That means businesses considered high-risk will have a very small selection of potential payment services to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents.

Typical payout terms you can expect are either daily or weekly, with 1-7 day delay time for each. In many cases a daily payout with very short delay will be granted only if you are assessed as low-risk, or most usually after you spend processing with the provider for couple of months and have enough volume to support that. Contract Terms and Periods: Don’t be surprised when you’ll see that every provider wants to impose a Rolling Reserve to your account. This is a standard measure to lower the risk exposure of provider in case of excessive chargebacks or refunds. Typical Rolling Reserve is between 3-10% for the period of 90 or 180 days. As with payout terms, keep in mind this can be negotiated, especially after your company spends couple of months processing payments with the provider.

Instabill was one of the better high risk merchant account providers we came across in our search. Their customer support agents were very clear and forthcoming with information. One thing to note is that Instabill is not cheap. For example, a Tech Support business would need to pay 4.95% + 0.25 plus the interchange fee for every transaction. That is significantly more than what non-high risk merchants charge, and even slightly higher than other companies on this list. However, this is unavoidable in high-risk industries. The reason we were pleased with Instabill’s offer was due to how easy it was to get pricing information in the first place – something that can’t be said for a lot of their competitors. Instabill does not post any of their prices online, since the cost will be highly dependent on the industry and bank involved in setting up the merchant account. However, you can get a quote by speaking with a sales representative and obtain a quote very quickly.

High risk merchant account business types in 2019. This is a popular topic as more countries open up to new services. High-risk merchant accounts are a subset of finance services that offers companies to receive card payments from clients. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face reduced options in processors, plus raised fees and harsh contracts. Being named as high-risk looks bad. But in some cases, it can be your best option. We have been writing about multiple properties of the high-risk merchant account industry for a very long time and have probably touched on most, if not all, of the most important issues. Here are some more guides on high risk merchant accounts. See extra info at High risk merchant account instant approval.

With flexible multi-currency accounts, Durango Merchant Services works with both US and international merchants. The company has earned high marks for its outstanding customer service and customized pricing plans. We did transactions on all of the high risk credit card processors, to be able to compare and a strong choice is iPayTotal. They cover all business types, have a large experience in the business, fast customer support and low fees.

On the other hand, there are a handful of companies that we call “high-risk specialists.” These are ethical, honest companies that have a lot of experience working with high-risk merchants and will do their best to get you a decent deal on a merchant account. Below, we’ve profiled six merchant account providers that deliver the best service to high-risk merchants. While there are a handful of other high-risk specialists out there, these are the ones that we feel offer the highest quality service available.

iPayTotal can help you in understanding and create your high-risk merchant account and guide you through the underwriting procedure followed by the bank while onboarding an application. Regardless of whether you require a start-up merchant solution, a subscription account, a pharmacy merchant account, a travel merchant account or set up an offshore merchant account, iPayTotal can help you set up with lowest rates and no hassles for your high-risk businesses.

IPAYTOTAL LTD
Company Address: 60 Windsor Avenue London, England SW19 2RR
Company Website: https://ipaytotal.com/.
Support Email: support@ipaytotal.com
UK Tel:+44 800 776 5988
US Tel:+1 845 215 4017
Company # 11357725