If your business falls into one of the sectors classed as high risk, you may find it more difficult to obtain a merchant account in order to accept credit and debit card payments online. In this case, you could benefit from the high risk merchant services provided by Total Processing.
The payments associated with these business sectors are deemed as high risk by banks due to the nature of the business and the way the product or service is delivered or carried out. A standard high risk merchant account will charge higher setup, annual and transaction fees, and impose a longer settlement period in exchange for increased account security.
Leading High Risk Merchant Services Providers
At Total Processing we specialise in high-risk merchant accounts for businesses trading in the sectors listed below. We have established long-term, trusted relationships with a number of merchant banks; so after establishing your requirements, we will put your account application forward to the best high risk merchant account provider for your needs.
You are likely to be classed as a high risk merchant if you fall into one of the following categories:
- Dating and Escort Services
- Forex Merchant Account/Services
- Online Gaming & Gambling
- Lender Merchant Account & Services
- PPI Merchant Accounts & Services
- Travel and Tourism
- Adult Entertainment
- Credit Repair and Debt Management
- Domain Registration
- Payday Loans
- Online Auctions
- Events and Tickets
- Software Downloads
- Prepaid Phone Cards
- Software Downloads
- Health and Wellness Products
- ISP and Hosting Services
- Direct Sales and Pyramid Selling
- Tobacco and E-Cigs
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 charge backs. 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.
Why Use Total Processing?
We provide a number of very secure payment solutions that will protect your business from risks such as charge backs and credit card fraud. This includes our secure payment gateway which protects both you and your merchant bank from the potential losses associated with charge backs and credit card fraud. Our gateway features a high level of control, including hotlists that allow you to deny payments from specific emails, IPs, countries, devices, and addresses. Our gateway is also equipped with powerful and flexible card verification and security tools, allowing you to confirm card details such as security codes and customer addresses.
Banks are often wary about setting up accounts for unfamiliar businesses in high risk industries. Luckily, our partnered acquirers have worked with us for some time and we have established strong relationships with them. They are therefore 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 security solutions such as fixed bonds, rolling reserves, and deferred payments.