A high-risk merchant account is one for companies that have a high risk of fraud and chargebacks from their processor. We are among those businesses where the owner’s credit and business history, and other variables may be used to make this determination. Every processor determines what constitutes a high-risk business, so one processor may consider a business to be high-risk while another does not.
The Best High-Risk Merchant Account Providers
Most of the high-risk merchant account providers operate with many processors and the rates and fees vary based on the merchant account. As a result, you should pay close attention to the rates you’ll be charged and ensure that you are aware of any additional expenses. I
It is seen that the rates and the fees are low, but these ACH services for small business vary according to the processors that are used.
PaymentCloud
PaymentCloud specializes in placing high-risk businesses and they work with third-party processors and check proper checks and balances on banks to get you accepted. To find out what the organization can provide you, you’ll need to get a proper pricing quote from the company. Although payment cloud merchant feedback shows that their fees and rates are pretty affordable. PaymentCloud also conducts ACH payment services for all of the extra work required to accept a high-risk account without charging you any application or account setup costs.
The company now includes a “free” EMV-compliant credit card terminal with each account for retail merchants – it’s free as long as you return it if you end your account or transfer providers. eCommerce merchants can use Authorize. Net or one of several other third-party payment gateways through PaymentCloud. ACH services for small business accounts that also come with a free virtual terminal. While its product and service offerings aren’t as extensive as those of some other providers. It covers all of the fundamentals for ACH payment services for a small or medium-sized organization.
PaymentCloud has a stellar online web reputation with excellent feedback from both our readers and merchants on the ACH form sites. PaymentCloud is frequently referred to high-risk applicants by low-risk suppliers such as Dharma Merchant Services and Stripe Payments which give ACH services for small business. Recommendations from such well-known sources provide many benefits for us.
Easy Pay Direct
Specialist in high-risk situations which is Easy Pay Direct’s principal product is its proprietary EPD Gateway. It also offers full-service ACH services for small business merchant accounts to high-risk and low-risk businesses. High-risk merchants will pay higher processing rates and account fees, as is customary. However, given the circumstances, the increased cost is appropriate.
Specialist in high-risk situations Easy Pay Direct’s principal product is its proprietary EPD Gateway. It also offers full-service merchant accounts to high-risk and low-risk businesses. High-risk merchants will pay higher processing rates and account fees, as is customary. However, given the circumstances, the increased cost is appropriate. Load balancing is a service provided by Easy Pay Direct, which we’ve described in the ACH payment services. It’s especially useful for high-risk organizations that frequently surpass the monthly processing volume limits of the underwriting processor. Just keep in mind that you’ll normally have to pay different monthly fees for each account, so it might not be feasible for some businesses. The EPD Gateway’s load-balancing option and robust capabilities make it an outstanding choice for high-volume organizations with an online sales channel.
Host Merchant Services
‘Host Merchant Services isn’t a specialist in high-risk transactions. HMS caters to a variety of high-risk ACH services for small business categories in addition to low-risk organizations. If you can get accepted, its interchange-plus-only price and comprehensive variety of products and services make it an excellent choice. HMS is a former web hosting provider with ACH form which is well-suited to eCommerce businesses. Its back-end processor is TSYS Merchant Solutions (now part of Global Payments).
Because HMS does not lease equipment, retail merchants can choose from several terminals for sale. If you process more than $20,000 each month, you might be eligible for a complimentary EMV card terminal. The process now mobile payments solution also supports mobile processing.
