Best High Risk Merchant Account and Credit Card Processing

We Build Custom High-Risk Merchant Accounts to Meet Your Business Needs

If you're looking for the best high-risk merchant account solution, Pay Infinite can help. We are a merchant services provider with over 15 years of experience working exclusively on credit card processing for high-risk merchants. More than just merchant accounts, we find gateway solutions,ACH processing, and chargeback tools for just about everyone. Whether you're facing challenges due to your industry, very poor credit, or prior business history, we can get you the payment processing you need.

WHY ARE SOME COMPANIES CONSIDERED

HIGH-RISK MERCHANTS?

Many payment processing companies like Stripe, PayPal and Square will deny services if they see you are processing within high-risk industries. Restricted industries are called that because transacting in that industry comes with increased risk for the payment processor. The merchant account providers are on the hook if any of the following risks occur: chargebacks, a high volume of returns, payment default, or increased risk of fraud and illegal activity. You may also be deemed a high-risk business for a few additional reasons, like your business model, transactional history or personal financial data.

If your business has been deemed high-risk, you need a high-risk payment provider and merchant account or customers will not be able to purchase your product and will likely go to your competition for their needs. However, these providers often compensate for the high-risk with higher fees than necessary. When you partner with high-risk host merchant services, you need to make sure you are partnered with an experienced company. At Pay Infinite, we offer stable high-risk merchant accounts to support merchants in all kinds of industries and circumstances.

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WHAT IS A HIGH-RISK MERCHANT ACCOUNT

A high-risk merchant account is a payment processing tool that gives higher-risk business types the ability to accept payments. Here at Pay Infinite, we believe that good merchants should be able to process payments and secure a merchant account, regardless of industry. Payment processing shouldn’t be exclusive to low-risk merchants. Banks and other payment processing companies might label a business high-risk for many reasons, including the following:

Header iconHaving Bad Personal Credit

Bad credit can affect your ability to secure a merchant account because the bank will be less likely to lend funds. Most banks and service providers use FICO® credit ratings to determine eligibility. If your score falls in the low 600s or below, you’re a candidate for high-risk merchant solutions.

Subscription And Continuity Billing

Subscription and continuity billing is directly relevant to chargebacks. There are annual, semi-annual and monthly subscription services. Sometimes people don’t realize they signed up to be billed indefinitely, leading to more chargebacks for your business.

High Fraud Chargeback Rates

Even low risk merchant accounts are subject to losing the account if chargebacks exceed a certain rate. The higher your chargeback rate, the more “high risk” you become. Fraud will also cause you to be declined, which is why we undergo an underwriting process to ensure you are who you say you are.

Offering Free Trials For Your Product or Services

Offering a free trial is common in many industries. However, most of these trials require a card number to be billed at the end of the trial. If customers decide later it’s not worth it, they may issue a chargeback regardless of their initial agreement.

High Refund Rates

Refund rates speak a lot about a business. If your business processes more refunds than sales in a month, who do you think is on the hook? The payment processor. Banks want to see a low refund rate to ensure you run an honest business that they won’t be on the hook for.

Additional Risk Factors

There are other instances that require high-risk business account services. These can include processing card-not-present transactions, selling high-ticket items or simply being a new entity with no processing history. We work with businesses every day to find the best merchant accounts for high-risk clients and have been for the last 15 years! We pride ourselves on working with merchants that other payment service providers refuse to work with.

Your Business is in a High-Risk Industry

There are certain verticals that banks and other payment processors consider high-risk industries. If your company is in one of these industries, you’ll need a high-risk merchant account to offer payment processing and payment gateways to customers. Otherwise, you won’t be able to accept credit card payments.

HIGH-RISK PAYMENT PROCESSING

High-risk payment processing gives your company the ability to accept payments online even if you’re operating in unique verticals. High-risk payment providers like Pay Infinite offer specialized and sustainable accounts to keep your business transacting smoothly.