Your Options for High Risk Payment Processing

Introduction to High Risk Merchant Accounts

Many businesses find themselves categorized as needing a high risk merchant account, often leading to rejections from traditional credit card payment processors. This guide explores the challenges these businesses face and potential solutions.

Factors Contributing to High Risk Classification

Businesses may be labeled as high risk due to:

The nature of their business

Higher vulnerability to chargebacks

Potential for financial holds

Risk of excessive charges or unreasonable processing fees

Challenges in Obtaining High Risk Merchant Accounts

High risk merchants often face difficulties in the underwriting process, leading them to seek alternative payment processing options such as:

Offshore merchant accounts

Specialized high risk merchant account providers

PayKings: A Solution for High Risk Merchants

PayKings offers support for a wide range of high risk merchant account businesses, with years of experience in approving accounts for hard-to-approve retailers.

Key features of PayKings' service:

Fair pricing

Superior customer care

Solutions for both conventional and high risk merchants

Transparent process and pricing

Quick approval process (as fast as six hours)

What to Expect from PayKings

PayKings offers a comprehensive suite of services for high risk merchants:

• Ability to process debit and credit card transactions
• Small business funding options, including:
  • Cash advances for quick access to working capital
  • ACH business funding options
• Partnerships with chargeback shield protection companies
• Quick and easy approval process
• Free and hassle-free application process
• Secure payment gateways, including PayKings' own gateway
• No application or setup charges

Conclusion

While obtaining a high risk merchant account can be challenging, specialized providers like PayKings offer solutions tailored to the needs of high risk businesses. By understanding the factors that contribute to high risk classification and working with experienced providers, businesses can secure the payment processing capabilities they need to operate and grow.