Get approved in as little as 24 hours. No setup fees, no hidden costs.
Get Started FreeHigh-Risk Industries · Insurance Premium Financing
Premium financing runs on large tickets, installment schedules, and state-level regulation — three things most processors decline on sight. We underwrite all of it, every day. PayKings provides an insurance payment processing solution built for how premium financing actually operates, with every fee disclosed in the merchant service agreement before you sign.
Be approval-ready
What underwriters ask for
By the numbers
10,000+
Merchants approved across high-risk industries.
86%
Approval rate for the high-risk merchants who apply.
24hr
Average approval time once underwriting has your documents.
$2B+
Processed annually through PayKings merchant accounts.
Merchant accounts
Payment system
A payment processing system for insurance has one real job: collect scheduled installments reliably, month after month, without manual follow-up. Ours is built for that.
Installment schedules run on our recurring billing solutions: scheduled payments by credit card, debit card, or ACH, with reporting that keeps every financing arrangement organized.
Security
Every transaction runs through a PCI-compliant payment gateway with encryption and fraud screening. In a regulated industry, that protects two things at once: your clients' payment data and your standing with the acquiring bank.
Fraud prevention and chargeback tools are part of the account, not an add-on you discover you needed later.
Pricing
Pricing starts at interchange plus 0.80%, and every fee is set out in the merchant service agreement before you sign it, so there is nothing to discover on your first statement.
You should be able to read your terms and know exactly what a transaction costs. That is the standard we hold ourselves to.
High-risk designation
Four factors drive the classification:
None of these makes your business a bad risk. They make it a risk that requires underwriting attention, which is work most processors are not set up to do.
For the broader picture, our guide to why certain businesses are considered high-risk explains how banks draw the line. Agencies that place hard-to-market coverage may also find our overview of workers' compensation insurance for high-risk businesses useful.
Getting set up
It takes one sitting if you have your business documents on hand.
Processing statements, bank statements, and licensing — we tell you exactly what your file needs.
If anything is missing, we tell you what it is and why it matters.
Collect down payments and installments by card or ACH from day one.
What's included
The difference
Built for the businesses other processors turn away.
FAQ
Answers about merchant accounts, fees, and payment timing for premium financing companies
See how PayKings supports adjacent verticals and the payment solutions that pair with them.
