High-Risk Merchant Accounts
High Risk Merchant Accounts with We Tranxact
High-Risk Doesn’t Have to Mean High Stress
Let’s be real—being labeled “high-risk” feels like having a giant red flag slapped on your business. You’ve probably faced your fair share of headaches: constant account rejections, sky-high fees, random freezes, and the ever-looming question, “Will my payment processor bail on me next?”
We get it. At We Tranxact, we believe high-risk businesses deserve better. You don’t need to let that label slow you down. Instead, let’s turn those challenges into opportunities and get your payments running like clockwork.
What is a High Risk Merchant Account?
A high risk merchant account is designed for businesses deemed high-risk due to factors like elevated chargeback rates, regulatory concerns, or specific industry requirements. Industries needing high risk merchant services include:
Industries: Gaming, CBD products, adult entertainment, cryptocurrency, subscription services, and travel
Products and Services: Auctions, telemedicine, nutraceuticals, online gambling, ticketing services
Traditional banks often deny high-risk businesses access to merchant card services, but We Tranxact connects you with high risk payment providers that understand these sectors, allowing you to process payments securely and efficiently.
Do I Need a High Risk Merchant Account?
If your business is in an industry with high chargebacks, fraud risks, or regulatory scrutiny, you likely need a high risk merchant account. High-risk industries face limitations from traditional payment processing companies, which can hinder growth. At We Tranxact, we connect you with high risk payment solutions that provide the security, flexibility, and reliability necessary for high-risk operations.
Fill out our inquiry form to find out if a high-risk merchant account is the right choice for your business.
How Are Businesses Assessed as High-Risk?
A business’s high-risk status is based on several factors:
Industry Type: Certain industries, such as gaming, CBD, and adult entertainment, are automatically classified as high-risk.
Chargeback Ratio: Businesses with high chargeback ratios are typically considered high risk by payment providers.
Transaction Volume: Companies with higher transaction volumes or irregular transaction patterns may be classified as high risk.
Country of Operation: Businesses operating internationally or in highly regulated regions may be deemed high risk.
We Tranxact understands these risk factors and works with merchant service providers to offer payment solutions for high-risk businesses. Complete our inquiry form for a consultation on your business’s risk profile.
What Are the Differences Between a High-Risk & Low-Risk Merchant Account?
High-risk and low-risk merchant accounts differ primarily in terms of fees, terms, and risk management features:
Fees and Rates: High-risk accounts typically come with higher processing fees to offset the provider’s perceived risk.
Contract Terms: High-risk accounts may have more restrictive terms, including longer contracts or monthly fees.
Chargeback Protection: High-risk accounts often include enhanced chargeback protection and monitoring to manage disputes more effectively.
While low-risk merchant accounts are available for standard businesses with minimal risk, high risk merchant accounts are specifically designed to support industries facing greater challenges. We Tranxact brokers custom solutions for high-risk businesses, connecting them with payment providers who offer industry-appropriate tools.
How Should I Choose a High-Risk Merchant Account?
Choosing the right high risk merchant account can have a significant impact on your business. Here are some key factors to consider:
Industry Experience: Work with a provider who understands your industry’s unique needs and challenges.
Competitive Rates: Compare processing fees, setup costs, and transaction rates to find an affordable solution.
Chargeback Protection: Select an account with strong chargeback management features, especially if you operate in a high-risk sector with elevated chargeback rates.
Support and Security: Ensure the provider offers robust customer support and top-tier security features for safe transactions.
We Tranxact connects you with a wide network of merchant service providers to help you find a high risk payment processor suited to your business. Start by completing the inquiry form below for a personalised recommendation.
How Does a High Risk Merchant Account Work?
A high risk merchant account is structured to handle the complexities of industries prone to chargebacks and fraud. Here’s how it works with We Tranxact:
Fraud Protection: High risk accounts come with advanced fraud prevention tools to protect your business.
Flexible Payment Options: You’ll have access to versatile payment gateways and credit card processing high risk solutions.
Chargeback Management: High-risk accounts typically include systems to help manage chargebacks effectively.
Our brokerage service at We Tranxact connects you with providers who understand these needs, ensuring compliance and security. Start your journey by filling out the inquiry form below.
High Risk Industries We Frequently Approve For Merchant Accounts:
At We Tranxact, we work across diverse high-risk industries, including (to name a few):
- Gaming and Online Gambling
- Pharma
- Dating Businesses
- Skill Based Competitions
- CBD and Vape Products
- Adult Entertainment
- Travel and Ticketing Services
- Cryptocurrency and Forex Trading
- Subscription-Based Services
With tailored solutions for each sector, We Tranxact provides connections to merchant service providers that welcome high-risk businesses. Complete our inquiry form to learn more.
How Much Does a High Risk Merchant Account Cost?
The cost of a high risk merchant account can vary based on factors like transaction volume and industry.
At We Tranxact, we can offer favourable rates from our many payment providers to offer you the most competitive pricing:
Setup Fees: Initial setup fees may apply to establish and configure the account.
Transaction Fees: Per-transaction fees based on industry and volume.
Monthly Fees: Flexible monthly pricing to suit your financial needs.
Get a personalised quote by filling out the inquiry form below
If You're Tired Of Being Turned Away, We Can Help!
More than 60 providers globally
Our partnerships with over 60 payment processing companies worldwide give you access to high risk payment gateways specifically designed for businesses with unique needs. This extensive network of providers ensures that we can offer solutions to fit your business, no matter the industry or level of risk.
Different industries supported
We cater to a wide range of industries traditionally classified as high risk, including gaming, adult entertainment, CBD products, and travel services. From credit card payment processing high risk to specialised merchant accounts for marketplace merchants, we have tailored solutions to meet the demands of high-risk sectors
Case by Case review
Each application is evaluated on an individual basis, allowing us to provide a custom solution that aligns perfectly with your specific high risk merchant account requirements. We understand that no two businesses are the same, and our thorough review process reflects that.
Dedicated Team
Our team of experts is committed to supporting you every step of the way, ensuring you find a high risk payment processor that matches your business needs. We are here to answer your questions, guide you through the process, and provide ongoing assistance as your business grows.
High-risk businesses often struggle to find reliable payment processing solutions, but at We Tranxact, we make it our mission to support industries that others may deem too complex. By offering high risk merchant services and partnering with providers who understand the nuances of your industry, we ensure that your business can continue to operate smoothly. Join us and let us provide you with a high risk payment gateway designed to keep your transactions secure and uninterrupted.
Are You a High Risk Business
Needing a High Risk Merchant Account?
Many businesses are classified as high risk by conventional payment processing companies, often because of the industry they operate in or the unique challenges they face. Sectors like gaming, adult entertainment, CBD products, travel, and subscription services commonly fall under this category. If you have faced rejection from traditional payment providers or banks, it’s likely because your business is considered high risk. At Wetranxact, we specialise in helping such businesses by providing access to high risk merchant accounts and high risk payment gateways that cater to these needs.
A high risk merchant account allows your business to handle payments securely and efficiently, regardless of the industry risks involved. With a merchant account high risk from Wetranxact, you gain access to merchant services providers who understand your industry, enabling you to operate without worrying about payment disruptions or unexpected account closures.
Our payment processing companies UK network covers a wide range of industries and provides solutions designed for businesses that may have higher-than-average chargeback rates or compliance requirements. We work closely with merchant service providers UK to ensure that our clients receive reliable, secure, and flexible payment options, even if their business models don’t align with traditional providers’ risk appetite.
At Wetranxact, we know that every business is unique. That’s why we take a personal approach to each account, reviewing applications on a case-by-case basis to identify the best payment solution for your company. Our goal is to support your business’s growth with custom merchant accounts for high-risk businesses, including solutions such as credit card processing high risk options and payment gateways high risk designed specifically for complex industries.
Whether you are an established enterprise or a startup in a high-risk sector, our high risk merchant services provide the payment support you need. By choosing Wetranxact, you gain a partner committed to ensuring your business has access to the merchant service providers and payment solutions that can help it succeed, no matter the challenges of your industry.
How to Apply for a High Risk Merchant Account with We Tranxact
Applying through We Tranxact is straightforward:
Complete the Inquiry Form: Provide your business details at the bottom of this page.
Consultation: We’ll review your application and schedule a consultation.
Provider Match: We connect you with a suitable high risk payment processor.
Account Setup: Our team assists with the setup process for a smooth start.
Start your application by filling out the inquiry form below
Enquire Now
We Have A Very High Success Rate With High Risk Businesses
NEED HELP NOW?
High Risk Merchant Accounts
Are you a ‘High Risk’ merchant?
Most businesses nowadays need to be able to accept card payments, whether you’re an online business or bricks and mortar. Finding a good and reliable merchant account provider to process those card transactions is still proving to be a challenge for any business, but it can be even harder if you’re classed as a “high risk merchant”
What is a High Risk Merchant Account?
A high-risk merchant account is a specialized financial arrangement designed to accommodate businesses that operate in industries or have characteristics that are deemed riskier from a financial standpoint. These accounts cater to businesses that face higher probabilities of chargebacks, legal issues, or other challenges that could impact their financial stability.
High-risk merchant accounts are typically required by businesses in sectors like online gambling, adult entertainment, travel services, pharmaceuticals, subscription services, and certain types of e-commerce. Additionally, businesses with higher chargeback rates, such as subscription services or tech support companies, might also fall into the high-risk category.
Key features of high-risk merchant accounts include:
1. Stringent Underwriting: To manage the inherent risks, acquiring banks or financial institutions impose stricter eligibility criteria and underwriting processes on businesses seeking high-risk merchant accounts.
2. Higher Fees: High-risk accounts often come with higher processing fees, reserves, and transaction charges. This compensates for the increased financial risk and potential losses.
3. Rolling Reserves: Financial institutions might require businesses to maintain a rolling reserve, which is a portion of funds that are held in the account as a security buffer against chargebacks and potential losses.
4. Shorter Settlement Periods: Businesses with high-risk merchant accounts might experience longer settlement periods, meaning that funds from transactions take longer to become available.
5. Specialized Payment Processors: High-risk businesses often need to partner with payment processors or banks that specialize in working with these industries. These specialized providers have the expertise to manage the unique challenges associated with high-risk transactions.
6. Chargeback Management: Businesses in high-risk sectors usually experience higher chargeback rates due to various reasons. Therefore, effective chargeback management solutions are essential to mitigate losses and maintain account stability.
7. Regulatory Compliance: Many high-risk industries are subject to stringent regulations. Businesses in these sectors must ensure they adhere to all legal requirements to avoid potential legal issues and account closures.
In conclusion, a high-risk merchant account caters to businesses operating in riskier industries or having specific characteristics that make their financial operations more challenging. These accounts are tailored to address the unique needs and risks of these businesses while providing them with the opportunity to process payments and operate despite the elevated financial uncertainties they might encounter.
Industries often considered to be ‘high-risk’ include, amongst others:
- tobacco and electronic cigarettes
- Cryptocurrencies and ICO’s
- drugs and drug products (including prescriptions)
- nutraceuticals
- airline, travel, tourism and lodging
- debt management and collection agencies
- PPI claims management companies
- payday loans
- gambling
- Cannabis seeds
- CBD Oil
- foreign exchange (Forex)
- e-wallets
- pyramid selling
- dating and escort services
- adult entertainment
- timeshares and holiday clubs
- tech support
- money-making products and services
- charities
- monthly memberships and subscription services
- insurance
- jewellery
- software
- advertising services
- online auctions
- events and tickets
- penny auctions
- file sharing
- VPN
- affiliate marketing
If your classed as ‘High Risk’,quite frankly, it makes getting a merchant account a lot harder and more expensive. Despite the intense competition within the merchant services industry, getting approved for a merchant account is never guaranteed. Providers have to balance the risk presented by a merchant applying for an account against the potential profit to be made from the account if it is approved. In most cases, they err on the conservative side of things, meaning high-risk merchants simply aren’t approved for an account.
Other providers will approve you, but you won’t get nearly as good a deal as a non-high-risk merchant (lower risk) would receive. Instead, you’ll pay higher processing rates (up to 15% per transaction) and account fees, and you’ll usually be stuck with a long-term contract (typically 3 years), an early termination fee, extended settlement period and high monthly fees. In some cases, you might also be required to put up a rolling reserve to get approved
If a merchant is considered high risk, they will have a more difficult time obtaining a merchant account, but We Tranxact Ltd has the experience and the relationships in place to assist you!
