High-Risk Merchant Accounts That Get Approved

A high-risk merchant account is a type of payment processing account specifically designed for businesses that are considered to have a higher risk of chargebacks, fraud, identity theft, or regulatory compliance issues. These businesses often operate in markets and industries such as travel, payday loans, search engine optimization, nutraceuticals, clothing, bail bonds, debt consolidation, electronics, adult entertainment, online gambling, fantasy sports, debt collection, airline ticketing, weight loss, medication, or subscription-based services. Businesses selling products with high prices or that process a high volume of transactions can also be perceived as a liability to credit card processors and merchant account providers and thus considered high risk during a risk assessment. Due to the increased risk involved, some businesses may need to utilize high risk credit card processors as traditional processors may not be willing to assume the risk. Additionally, payment processors may impose higher fees, stricter contract terms, and more thorough underwriting processes compared to standard merchant accounts. Being labeled as high-risk doesn't necessarily reflect poorly on the business itself—it simply means the nature of the industry or business model carries greater financial risk for payment providers. Even businesses with superb financial stability can be perceived as high risk due to the industry the business operates in. If you're in need of secure high risk merchant services for your business, PayKings is the place to find the best high risk merchant accounts.

To open a high-risk merchant account, begin by completing our streamlined online application, which typically takes about 10 minutes. Once submitted, our approval specialists will assist you in gathering and reviewing the documentation and information necessary to ensure a smooth underwriting process such as tax returns and other documentation. Leveraging partnerships with over 20 banking institutions, PayKings boasts a 99% approval rate, often securing approvals within 24 to 48 hours. Even if your business has a bad credit history or a current poor credit score we may still be able to set you up with a high risk credit card processing merchant account. We do recommend making sure your business is compliant with current Payment Card Industry Data Security Standard (PCI DSS) regulations and being transparent about the nature of your business for a greater chance of approval and a reduced risk of interrupted cash flow. After approval, our team handles the technical setup, allowing you to start processing payments promptly. Additionally, you'll receive support from a dedicated account manager who understands your industry's specific needs and the payment processing landscape, ensuring ongoing assistance and stability for your business.

PayKings has an established reputation for secure transactions through our utilization of several advanced methods to process payments securely, ensuring both merchant and customer data are protected throughout each transaction. One of the key tools we employ is AVS (Address Verification Service), which helps detect and prevent fraudulent transactions by verifying that the billing address provided by the customer matches the address on file with the card issuer. In addition to AVS, PayKings integrates end-to-end encryption and tokenization to protect sensitive payment information, minimizing the risk of data breaches. Additionally we maintain PCI-DSS compliance standards, regularly updating our systems and conducting security audits for the highest level of payment security. These combined measures safeguard transactions across high-risk and traditional business models.