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When WooCommerce Drops Your High Risk Merchant Account

Published January 8, 2019

Updated September 9, 2024

3 min read
When WooCommerce Drops Your High Risk Merchant Account

Where To Turn When WooCommerce Drops Your High Risk Merchant Account

When an aggregate high risk merchant account, like WooCommerce, kicks you off their platform or freezes your account, it can be confusing as to what to do next.

PayKings is here to answer all of your questions. We take the guesswork out of what your next steps should be when applying for a high risk merchant account, after being dropped with companies like WooCommerce.

Here, we've laid out exactly how to handle this type of situation. High risk merchants are actually dropped from their payment processors more often than you'd think. It can even happen to lower risk merchants.

From regulation changes to increased trends of chargebacks, there are several less-than-ideal scenarios that can happen. When it comes to payment processing solutions, choosing the most dependable provider is critical.

What is a Dedicated High Risk Merchant Account?

A dedicated high risk merchant account, like one acquired with WooCommerce, is an account where the business has its own merchant ID.

The merchant is not sharing a high risk merchant account with several other businesses. Unlike an aggregate high risk merchant account such as WooCommerce, who uses one merchant account for an entire portfolio.

Aggregate Merchant Accounts

A business has far less control with aggregate high risk merchant accounts than they do with a dedicated high risk merchant account. With a dedicated high risk merchant account, transactions between the merchant and the customer are deposited directly into the business bank account.

With an aggregate high risk merchant account, the funds from a transaction are sent to the account provider. These funds are then deposited into the merchant's bank account. The aggregate high risk merchant account provider also makes their own rules. They can make any changes they deem necessary without your consent.

Payment Processing Solutions After Being Dropped

Being dropped from one of the major aggregate high risk merchant account providers is an indicator. It is only a matter of time before you are dropped from the others. This means that the next step will be to apply for a high risk merchant account with a company that specializes in high risk merchant accounts. These providers can assign you a specific merchant ID.

For this reason, it is best to seek out a high risk merchant account payment processor. Specifically look for a processor, like PayKings, that has great relationships with several banks. It's even better when that merchant processor has an in-house underwriting team that will cross every T and dot every I. They ensure the merchant is presented in the absolute best ways possible before the application is sent to a bank.

Unlike with WooCommerce, a trusted and reliable high risk merchant account payment processing company can be difficult to find. That said, here at PayKings, we are the high risk merchant account company that meets those exact specifications.

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