Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. Low-risk merchant account suppliers are also available along with high-risk merchant account providers. Here’s how this process works: 1. The long, technical, boring answer: A merchant account is a type of bank account in which transaction funds sit until final settlement, at which point processing fees are deducted and funds are transferred to the merchant’s. Usually offers tiered pricing to bad credit merchants. Because perceived risk is subjective, there’s no concrete definition for what constitutes a low-risk merchant. SMB Global is a self-described "one-stop shop" for payment processing. Your customer pays for your goods or services with a credit card using your POS equipment, a virtual terminal, or a mobile app. Application: The business applies for a high-risk merchant account with a specialized payment processor that specializes in high-risk businesses. What is a low-risk merchant account? For merchants with low volumes of transactions and average sales under $500, the benefit is a reduced processing fee. To qualify for low risk merchant accounts, your business will fit the following description: You process less than $20,000 per month; Your average ticket size is less than $50; Zero to low chargeback ratio; You operate within a low risk industry; You are incorporated in a low risk country The Difference Between Low-Risk & High-Risk Merchants. Those who prefer to err on caution and use low-risk merchant accounts don’t have access to this resource. To qualify for low risk merchant accounts, your business will fit the following description: You process less than $20,000 per month Your average ticket size is less than $50 Zero to. io Features. The criteria that merchant account providers use to classify businesses according to the level of risk that they pose are different for each type of merchant, but there are certain aspects that are common to both types. 10 processing fee per transaction (exclusive of any fees charged by your merchant account)The most obvious downside to needing high-risk merchant accounts is the higher rates. If you are a merchant with a history of a lot of chargebacks your payment processor may want a. Payment Depot: Best for High-Volume Businesses 3. In general, you are likely to receive approval for a traditional merchant account if your industry, products or services, sales methods, location, and customers present little risk to the acquirer or processor. On the other hand, low risk merchant accounts. eMerchant Authority is the leader in payment processing for high-risk merchants. The amount of the rolling reserve will be determined by the processor based on a number of different factors. Clover: Best for POS. Easy Pay Direct: - Primary product is proprietary EPD gateway. Stripe. Definition: Low-risk merchant accounts are typically associated with businesses operating in industries that have a lower likelihood of chargebacks, fraud, or legal complications. A high-risk merchant account is a specially designed payment solution that enables businesses in high-risk industries to accept card and electronic payments. Authorize. If you’re in need of an affordable credit card processing solution for your business, Instabill has specialized in providing high risk merchant accounts to e-commerce businesses since 2001, and can help you find a solution that. Ultimately, a high-risk ACH account. National Processing: Best for an all-around processor. Prior applying for a merchant account, you must know if your business comes under low-risk. However, you can also use the EPD Gateway with. Dharma’s monthly fee is $20 per month. 2. Getting approved for a high risk merchant account. November 14, 2021. First of all, it’s important to understand the difference between being a low-risk and a high-risk merchant. PaymentCloud: Best for high-risk businesses. When you begin your payment processing. Why Some Businesses Need a High-Risk Merchant Account to Use an Authorize. Only one type of currency is accepted. Why Do I Need A High Risk Merchant Account If you operate a business in a high-risk industry, obtaining a high-risk merchant account is an essential step in being able to accept credit card. Low Risk. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. EMB offers services that include chargeback mitigation. Depending on your merchant services provider, this could be a one-time or annual fee if you’re required to renew your registration yearly. If business owner looking for a Secure Merchant Account follow these steps: Create a Business Required Strategy. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. Select A High Risk Merchant Account If an account has been opened under false pretenses or the business model. High-Risk Merchant Services. In contrast, high-risk merchant accounts require more effort to set up and incur higher fees than their low-risk counterparts. This leads to a reduced risk. The benefits of having a high-risk merchant accountAuthorize. A merchant with a low credit score — whether it’s because of a prior bankruptcy, a tax lien, or any other reason — will by default be classified as a “high risk” merchant, and therefore will usually be rejected for a credit card processing services by most large banks and merchant services companies. 1. Obtaining a merchant account with bad credit requires multiple steps. And with evidence showing that 75% of eCommerce businesses saw an increase in fraud attempts in 2021, it’s more important than ever to understand high-risk transactions, as. S. 30% + 10¢ per online and in-person transaction versus Clover’s 2. 1) High-risk merchant accounts. processing application (MPA) that is signed and completedHigh-risk merchant accounts allow risky business ventures to take credit/debit card payments from customers. Reduction in Processing Delays. A merchant account is a particular type of bank account that business owners must establish in order to accept payments. Corepay is a domestic and offshore merchant account provider for both high-risk and low-risk businesses, advertising its services to the adult industry, CBD and hemp vendors, eCommerce merchants, online dating services, and other business categories considered high-risk. High risk rates as low as blended 2. 541611 - Administrative Management and General Management Consulting Services. EMB has made it their responsibility to offer a range of local and offshore merchant accounts to all low risk and high-risk merchants. 2) Chargeback ratio is low to nothing. Running high-risk sales on your lower-risk merchant account will often result in funds being held. This is very long compared to the typical month-to-month offering for high-risk merchant accounts, so keep that in mind before choosing them. 5 Best POS Systems For Gyms To Get More Members In 2023 - August 5, 2022. WorldPay – Best for set monthly fees and regular payouts. In contrast to the application process for a low-risk merchant account, getting a high-risk merchant account can be more challenging because banking institutions prefer to offer low-risk customer. Once we have placed your business with a suitable high-risk banking partner, we will work with you to. Laundering payments through a low-risk merchant account allows maximum proceeds while avoiding regulatory limitations. Merchant accounts work to process transactions so that customers can make sales with a debit card or credit card. Due to the company’s low fees, Helcim only approves businesses for credit card processing that are deemed as “low risk” accounts in the merchant account industry. 78 out of 5. You have zero to low chargeback ratio. Level 2 processing is built-in, with no additional monthly fees. For more information, visit the Host Merchant Services website or call (888) 727-4538. $25 monthly payment gateway fee. You are incorporated in a low risk state. However, these two accounts vary. Flagship Merchant Services: Best. The primary aspect that qualifies your business model in a high-risk. High-risk merchant accounts belong to businesses with a significant likelihood of getting chargebacks after a transaction. An online merchant is a business that sells goods and processes payments over the Internet. 1. High-risk merchant accounts differ from low-risk accounts in the following ways: Almost always a full-service merchant account (PSPs typically don’t accept high-risk businesses) Extensive underwriting process required before account approval; Might be underwritten by an offshore bank or processor; Typically require a long-term contract To lower risk, the merchant account provider may seek address verification. Online payment processors fall into two categories: With direct processors (a. High Risk. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. Are You a High Risk or Low Risk Account Merchant? Before you can begin researching merchant services providers, you need to ask yourself a few questions about the. Lower risk merchants tend to be able to command lower fees and have a better selection of account products to choose from. A low-risk merchant account needs to meet many requirements, including a smaller number of transactions, low chargebacks, and low revenue. In most cases, a high-risk merchant account can be approved within 3 to 10 business days of a complete application packet being submitted to underwriting. Businesses classified as low-risk typically operate. Low Risk Merchant Accounts. This includes online and in-person credit card transactions, ACH transfers, QR code payments, and cryptocurrency. On the contrary, low-risk merchant accounts have more restrictions and are limited in scope. The biggest, and most obvious, difference between a traditional merchant account and a high risk merchant account is the risk level they accept for their services. 95% per transaction on average plus a $0. 30% + $0. 49% to 3. You have zero to low chargeback ratio. We offer support to companies who need an online gaming merchant account for a sustainable business. 25 transaction fee. Skip to content (877) 996-2795; Merchant Accounts; ABOUT. High-risk merchant accounts differ from low-risk accounts in the following ways: Almost always a full-service merchant account (PSPs typically don’t accept high. The industry is low-risk; Transactions are less than $20,000 per. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. That is probably the most unpopular pricing model, but it’s hard to avoid. You recommend contacting your account provider and discussing these factors to clarify the risk level assigned to your account. Genome's fees for some services differ for low-risk and high-risk accounts. To qualify for same-day merchant account approval, ensure all the needed documents are in order. Our process is simple so you can focus on your business. Transaction fees: Often range between 1% to 3% of the transaction value. A reserve, in simple terms, is a security deposit for the acquiring bank, and its goal is to protect them from potential risks associated with your merchant account. 5 Ways To Improve Your Chances Of Getting A High-Risk Merchant Account For. In general, the low-risk merchant account is cheaper than the high-risk merchant account because a low-risk merchant account comes with many restrictions. The following are. They’re so well-established in fact that they work with over 60,000 merchants. merchant accounts), you’ll typically need to process $5K-$10K in monthly transactions to justify the cost. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. Maximize approval ratios based on your target customer base. This facility is unavailable to those who want to play safe and opt for low-risk merchant accounts. Therefore, while we provide high-risk European merchant accounts, we can also offer our clients low-risk processing, should they qualify. It also includes enterprises where client payment details have an increased risk of exposure. High Risk Pay Overview. These charges will be higher than fees applied to low-risk business transactions, sometimes even more than twice the payment processing fee applied to a low-risk. This high-risk processor will help you set up electronic payment options for. When it comes to merchant accounts, there are high-risk and low-risk businesses. 8. Initially, you are required to pay the initial setup cost whether you are a high-risk merchant or a low-risk merchant. When shopping for a check by phone merchant account, it is important that you understand how the electronic checks are processed. net lays the groundwork for a more streamlined high risk payment processing experience. Cashback and reward points for certain merchant categories must. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. As such, the primary factors that matter with a high-risk merchant account are processing history and industry reputation. This is the fee that is charged for integrating the services to the merchant application. With a CBD payment processor that fits your. One of the biggest differences between low risk vs. CorePay. With a low-risk merchant account, business owners not only get instant approval but also pay substantially less for merchant account services. Fastest application process: Soar Payments. They call their accounts high-risk merchant accounts and charge you more in processing and chargeback. What are the differences between low-risk and high-risk merchant accounts? Low-risk merchants: Often process less than $20,000 per month in credit card transactions; Process credit card transactions for typically less than $500; Have very few chargebacks; Have minimal returns; Only do business in low-risk countries; Alternatively, high-risk. By partnering with QuadraPay, low-risk merchants can increase their chances of obtaining same day approval for a merchant account and enjoy the benefits of a reliable and secure payment. 8% approval ratio. Reading Time: 8 minutes The vape and e-cigarette industry is nothing short of electric. However, ProMerchant’s pricing is considerably lower than Clover’s. It’s also free of monthly fees. Dharma Merchant Services: Best for merchants who process more than $10,000/month. Merchant account Visa, MasterCard, American Express for low-risk businesses is a. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. Almost any high-risk industry can apply for a merchant account with SMB Global. Riskier companies may still be approved, but with. Many companies consider this to be having a merchant account. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. These include reduced fees and less of a need. They range from $10 to $50 for most companies. There are no application or setup fees when signing up for an account. As one of the most trusted merchant account providers available, Payment Cloud has serviced hundreds of popular high-risk merchants. Square. EU Merchant Account understands all of the complications and will help to find a perfect solution for any business not matter if you are a small, medium or large merchant. Chargebacks on merchant accounts for bad credit can be a problem for the business owner. This includes the merchant, the credit card company, and the bank that issues and finances the card. High-Risk vs. You may suffer sudden account termination in case of a slip-up. They are: Low-Risk Merchants; Medium-Risk Merchants; High-Risk Merchants; Typically, each merchant type has its characteristics. National Processing. PaymentCloud: Variable monthly account fee. 3% plus interchange if you’re among the low-risk merchants. There are certain fees business owners need to pay for merchant account services. A high risk payment processor should provide excellent service and competitive rates—but there are some negative aspects of high risk merchant accounts that are unavoidable. The more chargebacks that come with a business, the higher the risk. Medium and Low Risk Merchant Accounts. They will provide the best rates for services, plus they will offer more lenient terms for services. Level 3 processing is easy with the PayKings high risk payment gateway. The underwriting team plays a crucial role in analyzing multiple endpoints to verify the merchant’s genuineness. Operating in a low-risk field like book sales, apparel retail or medical services; Businesses that are considered to be low-risk by payment service providers can get fair rates, fair policies, and chargeback protection. That said, business credit experts have identified low risk industries for business credit that have a higher level of “fundability. account, so you can focus on the best processing options. However, that processing fee can inflate to well over 1. The high risk gateway services. Zero or low chargeback ratio. Let’s go over the possible risk factors for a business being classified as high-risk. Adept Payments offers high-risk merchant accounts as well as accounts for low- and mid-risk merchants. Easy Pay Direct is a payment gateway and merchant account provider that serves a wide variety of high-risk and low-risk industries. This high level of chargebacks means merchant account processing will require more work, resulting in higher fees to cover these expenses. Now that you know more about merchant accounts, let’s take a closer look at the difference between high-risk and low-risk merchants. If a high risk business tries to get a low risk payment processor, there is a high chance of getting the account terminated at any time. ) When evaluating a high-risk business, merchant service providers must review the merchant application, conduct a thorough risk assessment, and check the business owner’s credit score. While the high-risk version is a bit expensive, it offers the merchant many. Riskier companies may still be approved, but with. g. Which you prefer for order and transactions i. If you qualify for a high risk merchant account, expect to pay slightly higher fees. 2. Payment processors that offer high-risk merchant accounts understand the unique challenges faced by high-risk merchants, such as an increased likelihood of chargebacks or fraud. Here are the major differences between low risk and high risk merchant accounts. MATCH List. These risks could range from a high likelihood of chargebacks and fraud to legal. On top of that, there is a $500 cancellation fee. High-risk transactions refer to credit card payments associated with significant risks of chargebacks, fraud, and other potential issues, like money laundering. Luckily, while the process to get one is a little more complicated, there are many benefits to a high-risk merchant account. Of that 1%, even fewer actually ARE “High Risk” Providers and aren’t simply making a run at picking up extra business. Square: Best for businesses that are seasonal or process less than $10,000/month. Our payment gateway services give you access to information regarding your merchant account solutions. While high risk merchants are businesses dealing with larger transactions of over $20,000, low-risk merchants are small business owners earning less than $20,000. Just use the form above, and we will email you the quick set-up procedure right away. Stripe: Best for owners of multiple businesses and brands. Based on criteria that are developed by merchant service providers, your merchant account can fall into either one of the following: High Risk and Low Risk. Monthly fees: These fees are typically meant to maintain your merchant account. However, high-risk merchant accounts may come with slightly higher fees, underwriting processes, and reserve requirements or other financial assurances to. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. With over a 95. They won’t work with certain industries because they don’t want risk. A high-risk merchant account is a service that Payment Service Providers (PSPs) offer so that entities in fraud or chargeback-prone industries can accept card payments. If you opt to use Square for online sales, you can expect to pay a higher rate of 2. General indicators of low-risk merchants include those that have individual credit card transactions averaging less than $500 and process $20,000 or less. You may also end up paying for a long list of services such as PIN debit network fees, payment gateway fees, monthly account fees, and more. What We Look For in the Best Merchant Services 1. For over 5 years, Corepay has specialized in providing merchant account services to a wide range of high-risk industries. YOUR HIGH-RISK MERCHANT PROVIDER. Merchants may be rejected based on the nature of bookings. Many low-risk businesses run into chargeback issues that force their merchant account to close. Helcim : Best All-in-One Platform. You have a zero to low-chargeback ratio. Nov 19, 2023Learn more about what constitutes a low-risk merchant A business that accepts credit cards for goods or services. Simple application process: submitting an application for your high-risk merchant account is so straightforward. Based on various characteristics, credit card processors divide merchants as either high risk or low risk. When you call or email, you’ll always speak with our friendly, in-house client support team. But they're more. High-Risk & Low-Risk European Merchant Accounts. If you own a business, you understand the value of having a dependable payment processing solution. In order to apply for a high-risk merchant A business that accepts credit cards for goods or services. In Summary: 5 Best Bad Credit Merchant Account Providers. Shark Processing LLC offers high-risk merchant accounts and payment processing services. net Learn more about what constitutes a low-risk merchant A business that accepts credit cards for goods or services. It allows you to take credit card payments, handle more transactions, and keep your operations safe. 08-$0. We chose Treati. Given their low tolerance for risk, there’s a high likelihood that long-term processing via one of these platforms, like Square or Stripe, will result in an. These merchants are similar to physical store merchants except that the point-of-sale and all business is conducted online. These businesses are often rejected by standard merchant accounts because of the risk to banks. Click any of the links above to begin comparing costs on merchant account services for your own business's. Many acquiring banks in the US consider merchants looking for offshore merchant accounts as high-risk clients. Low Risk Merchant Accounts Finding the right credit card processing and merchant account provider is critical, yet challenging, for any business. : Best for low. 95% for normal merchant accounts. A team of high-risk analysts or an individual analyze your business to find out any type of risk. Treati. Rather than interchange-plus pricing, you will have to pay tiered pricing. Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. In the beginning stages of getting operations for your company up and running, there are many business owners who initially don’t even realize that their. High-risk payment gateway Europe is a payment gateway designed to facilitate high-risk transactions for merchants and customers in the European Union. For example, if you’re a business owner with a bad credit score, and you went through several unsuccessful attempts, you still have a chance to accept credit card payments, but you have to find the. What are high-risk merchant account and low-risk merchant account? Before jumping into finding the ideal merchant service provider, you need to answer some questions beforehand. Moonlight Payments stands out as a dedicated payment processing provider for high-risk merchants and specialized industries. Chargeback fees: Even low-risk merchants get chargebacks, only at a much lower rate than high-risk merchants. Merchant services should support your business, not drain it with excessive fees. Staying on top of any requests for supporting documents. The business or the owner has a bad financial history. Industry is considered low risk e. 95% for every transaction compared to 0. ProMerchant’s rates are 0. For example, ecommerce brands can expect to pay 4% per transaction while dating sites are looking at 6% and IT support 10%. The processing costs for all transactions will often be higher than those charged by low-risk merchant accounts. A high-risk merchant account is a type of business bank account set up by a payment processor that allows merchants to accept credit and debit cards for their business, even though they have been. Applying for Your Merchant Account. high risk merchant accounts is the amount of. High-Risk Merchant Account vs Low-Risk Merchant Account. A high-risk merchant account has the same features and functionality as a traditional, low-risk merchant account. 1. Variable transaction fees. You’ll likely pay higher in merchant account and payment processing fees. Square: Best overall. High risk merchant accounts are the hardest ones to get and the most costly. A merchant account scam is designed to be appealing to new merchants and startups, especially high risk merchants. The business is in a low risk industry. A high-risk merchant account enables you to sell in riskier markets. 3. Cybersecurity is the practice of protecting computer systems, business accounts, networks, and sensitive information from unauthorized access, theft, damage,. An International Merchant Account is a specialized financial service enabling businesses to accept and process customer payments across different countries and currencies. Some stand out for accommodating high-risk merchants, while others sell a variety of POS systems and card readers, or integrate with popular business apps. Low-Risk Merchant Accounts. A rolling reserve that can be held for up to 180 days (or longer in some cases) after account closure. We accept most legal high-risk merchants industries. When can you apply for a bad credit merchant account?Everyone can send an application, whether low or high-risk; however, the process might differ. Read More. Here at Shark Processing, our sole focus is securing low-cost, low-risk merchant accounts tailored […] Your business’s merchant account will be categorised as high or low risk depending on your industry, transaction values, chargeback history, and potential exposure to fraud. To open, a business needs an EIN and valid business license. Even high-risk merchants service UK businesses can start accepting card payments with our help. Medium and Low Risk Merchant Accounts. High-risk vs. Though low-risk merchant accounts have better pricing, they are also limiting for businesses that want to expand internationally. A high risk merchant account is a type of payment processing account for unique businesses. 24/7 SupportBest high risk merchant accounts at a glance. A high-risk merchant is a type of merchant that a merchant account service provider and a merchant acquiring bank consider high-risk due to the company’s history of payments or the nature of business activities that can cause financial losses. Unlock the Benefits of a Low-Risk Merchant Account for Seamless Transactions. You will have live, toll-free merchant assistance by calling 855-551-8558 FREE anytime — 24 hours a day, 7 days a week, 365 days a year. Offers Paysley QR-code payment service. CDGcommerce: Best for an eCommerce/MOTO specialist. These merchant accounts generally have higher chances of fraud and chargebacks. Payment Depot: Best for High Transaction Volume. Definition of Low Risk Merchant. Treat. 2. Again, it all comes back to that one word: risk. A high risk merchant poses more of a financial risk to the processing company. Even low-risk merchant account fees vary widely. For this type of business, the merchant needs a high-risk payment gateway and high-risk merchant accounts. in-person; 2. This can be proven with a valid business license. Low-Risk Merchant Accounts Differences in Processing, Fees, and Restrictions. High risk processors won’t terminate the account for just being in a high risk industry; Ability to sell high risk products and subscriptions. Notably, when it comes to merchant account processing for high-risk accounts, the approval may take longer. Low-risk merchants sell conventional goods and services, with usual transactions costing less than $500. So, if you are in requirement of a high-risk merchant account Europe (Albania. A low-risk term will be PCI-compliant and will ensure all data it stores and uses is kept private and works in the right hands. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. Merchant One: Best for Flexible Pricing Clover: Best for POS Stax: Best for Subscription Pricing ProMerchant: Best for High-Risk Businesses Payment Depot: Best for High Transaction Volume Square Merchant Services: Best for Startups Helcim : Best All-in-One Platform National Processing: Best. Our objective is to give customers the satisfaction and be a reliable provider. One unique feature offered by HMS is that free web hosting is included with your merchant account, making it that much easier to get up and running for online sales. In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. The credit card transaction average is $500; Minimum returns;High Risk & Low Risk Merchant Accounts. Before reaching merchant services, Recognize some circumstances: Should be looking which payment type preferred by customers. Whether you’re a low or high risk business model, we’ll help you speed up the. A high-risk merchant account is a specific type of payment processing account that is required for certain businesses. Unlike standard or low-risk accounts, these accounts factor in the financial risks that high-risk businesses face, especially susceptibility to fraud and chargebacks, and how they can be. 30 per transaction. PaymentCloud is a merchant services provider. As compared with a high-risk merchant account, low-risk accounts often. An offshore merchant account is similar to an international merchant account. Discount feeComparing Fees and Terms: High-Risk vs Low-Risk Merchant Accounts. Low risk industries are generally those that have a low incidence of fraud and chargebacks, and as a result, they typically pay lower processing fees and have fewer restrictions on their accounts. , Canada, Japan, Australia and the countries in. Here is the 4-step process of a debit card or credit card transaction and how a merchant account works:. It exhibits a deep understanding of the intricate landscape of high-risk payment processing and presents solutions that go beyond conventional offerings. To understand low risk merchant accounts, you’d probably see that the qualifying factors are the polar opposite to what constitutes a high risk merchant. PaymentCloud: Best for free credit card terminal. Do I have to buy new equipment in order to process with Goat Payments? No, absolutely not! As a matter of fact, GMS prides itself on having never leased even one credit card terminal. A merchant account is a bank account into which a merchant's payment processor. Step 1 — the first step of the merchant account process involves a transaction made by the customer. phone order or online. Signing up for NMI: 2 types of website owners. This is because acquiring banks are taking on the added risk of processingThe merchant sells to countries that have a high level of fraud. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. All businesses need merchant accounts in order to accept credit and debit card transactions. Your merchant account provider will send the transaction details through its backend processor to the customer’s card issuer . If the business has low to zero chargebacks. Your average ticket size is significantly less than $50. Industry is considered low risk e. Being Tagged as a Low Risk Merchant Account. Apply for the necessary business. However, a low-risk merchant account offers better rates when operating a local business. With experience learned through a few risky transactions, the high-risk merchant account holder will grow wiser and discern between different markets to. September 3, 2023. High-risk merchant accounts are payment processing accounts geared to businesses operating in high-risk industries and more prone to chargebacks, fraud, regulatory hurdles, and legal issues. Best merchant services in 2023. % + $0. The bank will then process your application and determine your merchant account fees. Treati. Low Risk High Risk; Chargeback rate: Under 1%: Over 1%: Average ticket size: Under $500: Over $500: Sales volume: Under $20,000/mo:. High-risk businesses are those that are considered to be a higher risk for chargebacks or fraud. High-risk merchant account providers can be located that offer accounts with reasonable associated fees. Our team of experts is here to support you every step of the way. Best for online and international sellers: Durango Merchant Services. SMB Global. In addition to the features and services already mentioned as part of the high-risk merchant accounts, 5 Star Processing also offers the following notable features. A high-risk merchant account will accept the risk and allow you to process. Home; Payments. To determine if your offshore merchant account is high or low risk, consider factors such as your industry classification, chargeback rates, compliance history, and financial stability. High-risk merchant accounts are just as useful and beneficial as their low-risk counterparts. 6. Low-risk rates from $99 /month and $.