Where to Get High-Risk Payment Processors and What to Shop For

Whatever kind of business or credit score you have, your business cannot thrive unless it can receive payments from your customers. Most customers today prefer to use credit cards, which are easier and safer to carry and use than cash. High risk payment processors enable businesses to receive credit card payments even when most banks will not do business with them.


High Risk Businesses

Certain businesses and credit levels are often rejected by banks because of the type of industry, the size of the transactions, or the rate at which chargebacks occur. A less than fast fulfillment rate can also cause a problem and so will accepting payments on a subscription basis. Some of the industries that are nearly always put into a high-risk category include:

  • Accounting and Tax Preparation Services
  • Cigarettes and Tobacco
  • Dating Services
  • Digital Downloads
  • Guns and Ammo
  • Adult Entertainment
  • Jet Charter
  • Debt Consolidation
  • Electronics
  • Drop Shipping
  • Non-profit
  • Nutraceuticals and Supplements
  • Property Management
  • Self Defense
  • And more.


Get High Risk Payment Processors

If your business type places your business into a high-risk category and banks will not help you, you can often still get the payment processors you need to accept payments of any kind. You want to get the latest models which will enable you to take advantage of the best technology to process credit cards or eChecks.

Many devices are available to help you receive payment wherever you are. They include standard credit card processors, mobile terminals, POS terminals, and virtual terminals. With these devices, you can process credit and debit cards, eChecks, take orders over the phone and email orders, receive payments away from your office, and more. They may also enable you to get access to receive EMV (Europay, Mastercard, and Visa) cards and terminals that can accept NFC (near field communications).

If you search for a company that provides full payment solutions and high risk payment processing, you will see how an account like this could save you money in the long run. A company that prides itself on providing solutions such as this for small business owners, also aim to keep their costs reasonably low.


Additional Equipment

In addition to obtaining high risk payment processors, you can also get other equipment that can be integrated into your system. This includes receipt printers, multiple systems, and software that will help you with inventory, shopping carts, invoicing, setting up recurring payments, and accounting. This is especially important if you are selling products that need to be kept organized in an orderly fashion. If you sell services, not tangible products, you can probably get away with not having all these bells and whistles.



One thing to be careful of is pricing. If it is too high, it will eat into your profits. If you have a lot of low-priced items, the cost of processing the payment may take all of your profit.



If you plan on changing your card processing company and are getting new devices or software, find out if the company will help with the migration process. All of the devices should be PCI compliant and secure.

Be sure to research your options delicately, and to speak to a representative before pulling the trigger on a high-risk payment processor.


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