High-Risk Merchant Account
Setting up a merchant account can be complicated, especially for high-risk businesses. We simplify this process, working with our network of acquiring banks to ensure fast approval and secure transaction processing.
High-Risk Merchant Accounts are specialized accounts provided by financial institutions to businesses that operate in industries considered high-risk. These accounts enable such businesses to process credit card transactions securely and efficiently, even when traditional banks might hesitate to offer services. Due to the nature of certain industries, high-risk businesses face stricter regulations and higher transaction fees. However, specialised providers like Merchant Connect ensure they can still access secure payment solutions.
The perception of "high-risk" can vary across financial institutions, but typically, businesses in the following categories require a high-risk merchant account.
At Merchant Connect, we make the application process simple and efficient for businesses in high-risk industries. By preparing the necessary documentation in advance, you can fast-track your approval and start processing payments quickly. Here’s what you’ll need to apply for your high-risk merchant account:
Certificate of Incorporation
Proof of your business registration to validate your legal entity.
Voided Check or Proof of Bank Account
Provide a voided check or other proof of your business bank account, such as a signed bank letter. If neither is available, submit your bank's routing number and your account number.
Personal and Business Financial History
A record of your financial standing to help assess your business’s stability.
Organizational Chart
A clear breakdown of your company’s structure and key decision-makers.
Licensing Numbers
Any relevant licensing numbers and the name of the regulatory body that granted your business its licenses (if applicable).
Six Months of Processing Statements
If your business has a previous processing history, provide statements for the last six months.
Compliant Website
Your website must meet compliance standards, including clearly stating terms and conditions, refund policies, and any other required legal information.
Online gambling and casino platforms require specialised payment solutions to handle transactions securely.
Online sales of prescription and over-the-counter medications often fall into the high-risk category.
Businesses involved in debt recovery face regulatory scrutiny and require specific solutions to process payments.
Online dating platforms are categorised as high-risk due to chargebacks and the nature of transactions.
The sale of vaping products, especially online, is often considered high-risk due to legal restrictions.
Selling cannabidiol (CBD) products, which face varying legal landscapes globally, requires high-risk payment processing.
Non-profits involved in international donations often require high-risk accounts due to cross-border regulations.
Adult entertainment businesses face stigma and increased regulatory concerns, requiring specialized accounts.
The volatile and less regulated nature of cryptocurrencies makes businesses in this space high-risk.
The sale of dietary supplements and health products falls into this category due to potential health regulations.
We’re committed to making your application process smooth and straightforward. Our team is ready to answer any questions and guide you through every step of the onboarding journey.
Why Choose Us?
99% Approval Rate
Bad Credit OK
Fast 24-Hour Approval
No Setup Fee
No Contract
Next Day Funding
No Application Fee
Chargeback Prevention
Get in touch with us today and start your application with ease.
Whether you have questions about our services or need guidance on your payment processing options, we're here to help. As an introducer, we connect you with trusted payment providers tailored to your business needs. Contact us today, and one of our experts will get back to you promptly to assist you.