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Published September 8, 2022

High Risk Merchant Account in Canada

2 min read
High Risk Merchant Account in Canada

Canadian High-Risk Credit Card Processing Options

PayKings provides compliant high-risk credit card processing for Canadian businesses. These solutions adhere to Canadian payment processing laws and regulations, serving industries such as:

  • CBD and cannabis
  • Adult services
  • Travel services

Our banking partners understand the international landscape, facilitating cross-border selling and customer acquisition in the USA.

Understanding High-Risk Payment Gateways in Canada

Canadian high-risk payment gateways differ based on the e-commerce platform used:

  • Shopify
  • Wix
  • BigCommerce

Each platform requires specific gateway integrations. When seeking Canadian payment processing solutions, consider:

Compliance with Canadian consumer protection laws

Risk mitigation for account freezing or shutdown

Processor familiarity with Canadian regulations and high-risk industries

Key Factors in Canadian High-Risk Credit Card Processing

When evaluating high-risk credit card processing in Canada, consider:

  • Compatibility with major credit cards (Visa, Mastercard, Discover, American Express)
  • Industry-specific chargeback risks
  • E-commerce fraud prevention measures
  • Card-not-present transaction handling

Navigating Cannabis Merchant Accounts in Canada

Since the legalization of marijuana and cannabis products in Canada, businesses face unique challenges:

  • Conflicting international laws and regulations
  • Specialized high-risk payment processing requirements
  • Credit card payment acceptance for marijuana, CBD, and hemp products

Selecting High-Risk Merchant Account Providers in Canada

Top providers offer:

  • Dedicated business bank accounts
  • Seamless payment gateway integration
  • Protection against chargeback-related account shutdowns
  • In-depth understanding of high-risk industry needs

Choosing the Best Canadian High-Risk Merchant Account

When selecting a provider, prioritize:

  • Expertise in Canadian payment processing regulations
  • Extensive experience with high-risk industries
  • Ability to negotiate competitive rates
  • Custom, sustainable account solutions

PayKings offers tailored high-risk merchant account solutions for Canadian businesses, ensuring uninterrupted payment processing across various industries. Contact us for a free quote and start accepting payments securely today.

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