High Risk Merchant Accounts
One of the reasons we are the number one high risk processor is because we pride ourselves on being there for our customers when they need us most. As a BBB Accredited Business with an A+ rating, merchants can feel confident working with us.
We are focused on providing customers with positive experiences. To ensure all needs are met, our support staff is available 24 hours per day, every day to answer questions.
Ready to Process Credit Card Payments for High-Risk Merchants
At eMerchantBroker.com, we believe every business deserves a chance to thrive. That’s why we help domestic and offshore high-risk merchants process credit cards.
We provide credit card processing to all businesses, including these industries:
- Adult Entertainment
- Credit Repair
- Tech Support
We like to give all businesses a chance, even those with less than perfect credit or past bankruptcies. Additionally, we work with startups with little or no credit history, companies that were hit with chargebacks and returns, and merchants that had accounts terminated by banks.
All client information is kept secure and confidential and we streamline the application process, making it simple and easy. Our high-risk payment solutions can get credit card transactions processed online in no time. Fill out an application today.
A Top-Choice High-Risk Merchant Account Provider
eMerchantBroker.com specializes in payment processing solutions for businesses that require high-risk merchant accounts to process credit card payments.
Banks classify businesses in certain industries, as well as many online businesses, as high-risk merchants for a variety of reasons, including large numbers of chargebacks. Chargebacks are the fees credit card providers demand businesses pay to cover the losses from disputed or fraudulent transactions.
Reasons Merchants are Labeled High-Risk
A bank’s underwriting guidelines determine whether a merchant is a high risk. Therefore, each financial institution or processor calculates risk differently. Basically, chargebacks and fraud determine risk. The more likely a business is expected to have a large volume of chargebacks, the greater the risk.
For instance, travel sites are classified as high risk because they are more vulnerable to cancellations due to outside factors, such as weather. Adult entertainment is another industry that accrues numerous chargebacks. It is not unusual for customers to use adult entertainment sites and then, ask for a refund, claiming they never visited the sites. Many other types of businesses, such as gambling, nutraceutical, online dating, and credit repair sites, also are considered high risk due to the likelihood of more than typical numbers of chargebacks.
Though one factor alone likely will not determine whether a business requires a high-risk merchant account, these factors influence the decision:
- Business Location
- Business Size
- Credit History
- Credit Card Processing History
- High Chargeback Ratios
- Type of Industry
- Whether a Business Exclusively Operates Online
Though most merchants only become high-risk accounts after they have racked up excessive chargebacks, some find advantages to these accounts. Increased sales volume allowances, multi-currency options, and recurring billing are benefits to using high-risk payment processing.
High-Risk Versus Low-Risk Merchants
Chargeback thresholds are what sets high-risk and low-risk merchants apart. Every processor has a chargeback monitoring program. When a low-risk merchant enters a program, it is given time to fix any problems before they are subjected to excessive fees.
High-risk merchants are considered fee-eligible immediately. Excessive fees are charged each month a high-risk merchant is in a chargeback monitoring program. Typically, chargeback fee rates are greater for high-risk merchants than others.
What Happens When a Business is Classified as High Risk
When a business gets labeled high risk, merchants still can accept credit payments. However, these businesses are subjected to higher processing rates. Additionally, banks can request a reserve on a business’ credit card processing.
Sometimes, high-risks merchants can get banks to reclassify a business. However, it is not easy considering the many factors that led to the classification. A positive credit card processing history of at least six months or a small number of chargebacks and refunds can trigger a reclassification. Banks expect a chargeback rate of less than 1% of a business’ total transactions.
The High Risk Specialists
Our team of professionals each have years of experience in the electronic payments industry and have helped thousands of “hard to approve” merchants get a domestic merchant account. Our full suite of electronic payment processing solutions ensures we can help virtually any merchant accept credit cards and checks electronically.
- Fast approvals in 24 – 48 hours.
- No set up fees for most merchants.
- High Risk merchants approved.
- High volume solutions: load balancing gateways and multiple MIDS.
- Chargeback protection & chargeback prevention programs available.
- New, IstaCheck Check Processing service, featuring immediate payments