High Risk Merchant Accounts & Processing
Secure, powerful payment solutions & card processing for high risk industries
Do I Need A High-Risk Merchant Account?
If your business falls into one of the sectors classed as high risk, you might find it more difficult to obtain a merchant account in order to accept credit and debit card payments online. If so, you could benefit from the high-risk merchant services provided by Total Processing.
A standard high-risk merchant account will:
Charge higher setup, annual and transaction fees
Impose a longer settlement period
Offer increased account security
The payments associated with these business sectors are deemed as high risk by banks due to the nature of the business, the business model and the way the product or service is delivered or carried out.
This may also be the case if you or your business has a poor credit history. However, in this instance, it’s likely that higher fees will reduce over time — as long as you make payments on time to improve your credit.
High Risk Industries We Work With
At Total Processing we specialise in high-risk merchant accounts for businesses trading in the sectors listed below. We’ve established long-term, trusted relationships with a number of merchant banks; so after identifying your requirements, we’ll put your account application forward to the best high risk merchant account provider for your needs.
You’re likely to be classed as a high risk merchant if you fall into one of the following categories:
Dating and Escort Services
Foreign Exchange (Forex) Merchant Account/Services
Online Gaming and Gambling
Credit Repair and Debt Management
Events and Tickets
Prepaid Phone Cards
Tobacco and E-Cigs
Vehicle Sales and Car Parts
Lender Merchant Account & Services
PPI Merchant Accounts & Services
Travel and Tourism
Health and Wellness Products
ISP and Hosting Services
Direct Sales and Pyramid Selling
Technical Support & Web Development
Jewellery, Watches & Accessories
Nightclubs and Bars
Phone Locking Services
It can be challenging for businesses in these sectors to obtain a merchant account due to the level of risk involved and the potential for high volumes of chargebacks.
However, we have vast experience in setting up secure payment solutions for these high risk sectors; we can identify, plan, and implement a custom solution you can have confidence in.
Learn more about Total Control for Business Today
Leading High Risk Merchant
Secure Payment Gateway
We provide a number of very secure payment solutions that will protect your business from risks such as chargebacks and credit card fraud. This includes our secure payment gateway which protects both you and your merchant bank from the potential losses associated with chargebacks and credit card fraud.
Our gateway features high levels of control and enhanced security, and is equipped with:
Blocklists that allow you to deny payments from specific emails, IPs, countries, devices, and addresses.
Powerful and flexible card verification and security tools that allow you to confirm details such as security cards and customer addresses.
Enhanced reporting functions.
High Risk Merchant Account Application & Set-Up
Banks are often wary about setting up accounts and card processing for unfamiliar businesses in high risk industries.
Thankfully, our partnered acquirers have worked with us for some time and we have established strong relationships with them. They’re more likely to consider opening accounts for high risk merchants when those merchants are processing payments using our high-risk merchant account payment gateway with its specific risk management tools in effect.
We can also negotiate with merchant banks on your behalf to offer payment security solutions such as:
Accept Recurring Payments with Total Control Today
If you’re running a credit or financially regulated activity this is required.
Receive real-time business insights directly in Total Control – your bespoke business dashboard.
With complete transaction visibility, access real-time payments data to access actionable business insights and detailed reporting about your commercial activity.
Keep ahead of fraudulent transactions with our suite of risk management services and chargeback defender suite designed to intelligently defend your business from any harmful transactions.
Payments Made Real
We’re providing solutions for pioneering companies of all sizes around the world. From SMEs to large enterprises, our merchants benefit from our innovative payments architecture – where every merchant solution is bespoke and customer-focused.
Uzo and the team at Total Processing worked around the clock to ensure we could scale our business quickly in a time of increasing demand. They were efficient and strategic in their solution, providing us with a solution we could effectively unify across all of our payment channels.
Matt Ball, Head of Strategy & Partnerships at Cignpost