Payment processing solutions, Specialization in high-risk industries, Industries served include E-commerce, gaming, and adult entertainment, Support for businesses with high transaction volumes, Offers charge back protection and fraud prevention services
2013
Payment processing solutions, Specialization in high-risk industries, Industries served include E-commerce, gaming, and adult entertainment, Support for businesses with high transaction volumes, Offers charge back protection and fraud prevention services
2013
Web Design
2016
Web Design
2016
Payment processing, Specific high-risk industries: Adult entertainment, gaming, subscription services, tele marketing, and more.
1988
Payment processing, Specific high-risk industries: Adult entertainment, gaming, subscription services, tele marketing, and more.
1988
Payment Processing and Card Services
2021
Payment Processing and Card Services
2021
Payment Processing
2013
Payment Processing
2013
Specializes in high-risk payment processing, Serves high-risk industries, Industries may include:, Adult entertainment, Gambling, Online dating, Travel, E-commerce, Subscription services
1997
Specializes in high-risk payment processing, Serves high-risk industries, Industries may include:, Adult entertainment, Gambling, Online dating, Travel, E-commerce, Subscription services
1997
Payment processing solutions
2011
Payment processing solutions
2011
Lending and Financing
2000
Lending and Financing
2000
Financial Services
1991
Financial Services
1991
Payment processing, Examples of high-risk industries: E-commerce, adult entertainment, travel, gaming, and subscription services
1994
Payment processing, Examples of high-risk industries: E-commerce, adult entertainment, travel, gaming, and subscription services
1994
Restaurant Point of Sale, Serves High-risk industries: No
2002
Restaurant Point of Sale, Serves High-risk industries: No
2002
Financial services and banking technology, Serves High-risk industries: No
1976
Financial services and banking technology, Serves High-risk industries: No
1976
Payment processing and gateway services
1998
Payment processing and gateway services
1998
Payment processing solutions
2016
Payment processing solutions
2016
Payments and Merchant Services
2010
Payments and Merchant Services
2010
Payment processing solutions
1997
Payment processing solutions
1997
Payment processing for businesses, Focus on: Ethical and socially responsible businesses, including cannabis, adult, and nonprofit sectors
2007
Payment processing for businesses, Focus on: Ethical and socially responsible businesses, including cannabis, adult, and nonprofit sectors
2007
Payment processing and merchant services
2007
Payment processing and merchant services
2007
Payment processing services
2008
Payment processing services
2008
Payment processing, Specific high-risk sectors include: E-commerce, adult entertainment, travel, and subscription services.
2004
Payment processing, Specific high-risk sectors include: E-commerce, adult entertainment, travel, and subscription services.
2004
High Risk Pay specializes in offering payment processing solutions for businesses in sectors deemed high-risk by traditional financial institutions. These include industries like online gaming, adult entertainment, and CBD products. What sets High Risk Pay apart is its ability to provide secure and compliant payment solutions, despite the challenges posed by industry regulations and the higher perceived risk. The company offers a suite of services such as chargeback management, fraud prevention, and multi-currency processing, all tailored to meet the specific needs of high-risk merchants. Their experience with navigating complex regulatory environments ensures that clients can maintain smooth and efficient financial operations even in the most scrutinized sectors.
MBNCARD, Inc. stands out for its dual expertise in secure identification and payment processing, offering a blend of high-quality smart card solutions and robust payment technologies. With a focus on compliance and advanced security measures, MBNCARD caters to industries with stringent security requirements, such as government and healthcare.
PAYARC excels in offering a wide range of payment processing solutions that cater to businesses of all sizes. With customizable integration options, user-friendly tools, and a focus on fraud protection, PAYARC makes it easy for merchants to streamline their payment processes. It provides solid support for e-commerce, retail, and B2B businesses, emphasizing flexibility and cost transparency.
Bank Card Brokers specializes in offering flexible, tailored payment processing services for a wide range of industries, including high-risk sectors like online gambling, pharmaceuticals, and firearms. Their ability to provide customized merchant accounts, robust fraud prevention tools, and comprehensive support for both retail and e-commerce businesses makes them a top choice for businesses looking for reliable and secure payment solutions.
Beacon Payments, LLC excels at providing tailored payment processing solutions for small to medium-sized businesses. By acting as an intermediary between merchants and payment processors, they offer a variety of services including credit card processing, POS systems, and mobile payment solutions. Their focus on compliance, security, and dedicated customer support makes them an attractive choice for businesses seeking flexibility and reliability in managing payments.
Many factors play a role, including chargeback history and where you're located. Also, what you sell and how you sell it matters too.
Keep an eye of your chargeback history. If you have too many chargebacks, payment processors might watch you closer. This could mean higher costs and stricter rules for you.
Where your business is located also matters a lot. Places with high fraud rates or international transactions get more attention. This can make your business seem riskier, especially with currency rules.
The type of products you sell is also a big factor. Industries like adult entertainment and gaming are seen as riskier. This is because of their chargeback rates and strict rules.
How you sell your products can also affect your risk level. If you sell expensive items or use subscription services, you might get more chargebacks. This can make your business seem riskier to payment processors.
Working with high-risk payment processors comes with its own set of challenges. You'll face higher costs and need to understand the complexities of high-risk transactions.
High-risk merchants should get ready for higher expenses. You'll see:
Not all high-risk payment processors are honest. Watch out for those with hidden fees or strict contract terms. These can lead to big financial problems and make managing costs harder.
High-risk payment processors have strict underwriting processes. You'll need to provide:
This process is meant to reduce risk but can slow down your business.
High-risk payment processors may limit your cash flow. They might use:
These rules can slow down your revenue growth. They might limit your ability to expand or access emergency funds.
High-risk payment processors offer unique benefits for industries facing challenges. They help with high chargeback ratios and fraud. Knowing these benefits can help you pick the best payment solutions for your business.
High-risk payment processors specialize in industries that face rejection from traditional banks and processors due to perceived risks. They are more flexible and understanding of businesses in industries like online gaming, travel, adult entertainment, or CBD. This tailored approach ensures businesses can operate without constant fear of being denied essential services.
Chargebacks can be a major challenge for high-risk businesses. High-risk payment processors often provide robust tools to monitor transaction disputes and employ advanced algorithms to identify and flag potentially fraudulent activities before they escalate. Some processors also offer guidance on best practices for reducing chargebacks, such as clear billing descriptors and strong customer service policies, safeguarding your merchant account from termination.
Operating globally contributes to the growth of high-risk businesses, and high-risk processors simplify this with support for multi-currency transactions and payment processing in different regions. They also offer features like dynamic currency conversion, allowing customers to pay in their preferred currency, which enhances the user experience and expands your market reach.
High-risk payment processors offer tailored solutions to meet the unique needs of your business. This includes:
Traditional processors often cap transaction volumes for high-risk businesses. High-risk payment processors understand the need for scalability and are more willing to offer higher or unlimited processing limits. This makes them ideal for businesses with large-ticket items or high-volume sales, ensuring uninterrupted operations.
High-risk payment processors prioritize security with cutting-edge fraud detection systems, including:
Unlike traditional processors, high-risk payment providers are less likely to freeze or terminate your account due to industry-specific challenges. They assess risks upfront and establish agreements that account for your business's unique needs. This stability ensures smoother operations and fosters trust between you and your payment provider.
High-risk payment processors cater to a wide array of payment options, including:
Alternative Payments, like cryptocurrencies or buy-now-pay-later (BNPL) solutions.Offering diverse payment methods enhances customer convenience, reduces cart abandonment, and increases sales conversions.
Look at several important factors when choosing. This ensures you find a provider that fits your specific needs.
High-risk businesses often face unique challenges, such as high chargeback rates, regulatory hurdles, and complex customer behaviors. Choosing a provider with in-depth knowledge of your specific industry ensures they understand the nuances and provide tailored solutions. For example, they may offer fraud tools specific to your niche or help navigate legal regulations like payment compliance in the CBD or adult entertainment sectors.
Securing an account can be a challenge for high-risk businesses. Providers with proven success in your industry are more likely to approve your application quickly. Look for a processor with a transparent underwriting process that evaluates your business fairly, reducing delays and improving your chances of onboarding without unnecessary rejections.
Chargebacks are a top concern for high-risk merchants, and unchecked disputes can lead to fines or account termination. A good processor offers tools such as chargeback alerts, dispute resolution support, and analytics to help you identify the root causes of disputes. They may also educate you on maintaining proper documentation, like proof of delivery, to strengthen your case against unwarranted claims.
High-risk businesses are often targeted by fraudsters, making robust fraud prevention tools critical. Advanced solutions include:
High-risk payment processing typically comes with higher fees due to the increased risk for the provider. While this is expected, ensure the fees are transparent and justified by the value provided. For instance, compare fees for setup, monthly maintenance, and per-transaction costs, and ask about hidden charges like chargeback penalties or compliance fees.
Many providers lock high-risk merchants into long-term contracts with penalties for early termination. Favor processors that offer shorter terms or no-commitment plans. If a long-term contract is unavoidable, ensure it includes favorable clauses, such as the ability to renegotiate fees as your business grows or risk profile improves.
Global expansion often requires the ability to process payments in multiple currencies. Processors that support currency conversion simplify international transactions and improve customer satisfaction. Also, tools like dynamic currency conversion can reduce cart abandonment, as they allow customers to view pricing in their local currency.
Modern consumers expect a range of payment methods. Beyond traditional credit and debit cards, support for digital wallets (e.g., Apple Pay, PayPal), cryptocurrency, and buy-now-pay-later (BNPL) options can increase sales. A processor that integrates seamlessly with diverse payment methods ensures you can meet customer preferences without switching providers.
High-risk businesses often experience fluctuating transaction volumes, especially in industries with seasonal demand (e.g., travel or e-commerce). A scalable processor should handle increased sales without disrupting operations. They should also offer solutions like tiered pricing to accommodate growth without unnecessarily high fees during slower periods.
Reputation matters when choosing a processor. Research reviews from similar businesses in your industry to gauge their reliability, customer service, and ability to handle disputes. Providers with consistently positive feedback are more likely to deliver a smooth experience, while those with frequent complaints about hidden fees or frozen accounts should be avoided.
Look for providers offering 24/7 support with direct access to experienced representatives. A dedicated account manager can also provide proactive guidance on optimizing your setup and preventing problems before they occur.
Your payment processor should integrate seamlessly with your existing systems, such as e-commerce platforms (Shopify, WooCommerce), CRM tools, or accounting software. This reduces operational overhead, ensures smooth data transfer, and provides a more cohesive experience for your team and customers.
Timely payouts are critical for cash flow, especially in high-risk industries where operational costs are high. Understand how long it takes to receive funds after a transaction and whether there are holds on payouts for large or international transactions. Some processors offer same-day or next-day funding to keep your operations running smoothly.
Compliance with global and local regulations ensures your business avoids fines or account suspensions. Look for processors certified in PCI DSS (Payment Card Industry Data Security Standard) and compliant with GDPR or similar regulations if operating internationally. Providers with compliance expertise also help you navigate legal challenges specific to your industry.
High-risk businesses often face sudden account freezes or terminations with traditional processors. Choose a provider with a clear risk assessment process and a reputation for stability. Providers offering pre-approval assessments or customizable risk profiles are less likely to disrupt your business operations unexpectedly.
High-risk payment processors help you fight chargebacks. They use advanced fraud detection systems to spot suspicious transactions early. This helps protect your income and keeps your finances stable.
These processors also provide tools and knowledge on managing chargebacks. They teach you how to improve customer service and handle disputes quickly. This way, you can avoid chargebacks and keep your business running smoothly.
Using the help of high-risk payment processors can greatly benefit your business. It's especially true for industries like online casino games, CBD, and adult entertainment. Learning these strategies can help you keep your cash flow steady and reduce chargebacks.
Our editorial team evaluates high-risk payment processors based on a thorough analysis of features, pricing, security, and customer support. We gather data directly from company websites, product documentation, and user reviews. We also test demos when available and consult with company representatives to gain hands-on insights. Our methodology ensures that the ratings reflect the practical needs of businesses in high-risk sectors.
We assess high-risk payment processors across six categories, weighted based on their importance to business operations. Each system's score is determined by a weighted average across these categories:
Includes transaction fees, monthly fees, setup costs, and any additional service charges. We prioritize transparent pricing and affordability, ensuring businesses are aware of their total costs before committing to a processor.
Evaluates the variety and quality of hardware (terminals, card readers, etc.) and software (payment apps, security tools) offered. This also includes integration capabilities with e-commerce platforms and POS systems.
Examines functionality such as fraud prevention, multi-currency support, real-time transaction monitoring, and recurring billing. We prioritize flexibility and scalability in meeting high-risk business needs.
Assesses the user interface, onboarding process, and overall learning curve for new users. We focus on user-friendly systems that simplify complex operations.
Reviews the quality and availability of customer support, including response times, accessibility, and the effectiveness of issue resolution.
Rates the flexibility of contracts, such as the presence of month-to-month plans, cancellation policies, and trial periods. We prefer providers that offer transparent terms with minimal commitment.
We regularly update our data points to reflect changes in pricing, features, or policies. Our ratings serve as a guide, but we encourage businesses to compare multiple providers to find the best fit for their unique needs.
