A low-risk account may see a processing rate of 0. What are high-risk merchant account and low-risk merchant account? Before jumping into finding the ideal merchant service provider, you need to answer some questions beforehand. For instance, one of the disadvantages is the fact that it might take longer to obtain one than it would in the case of a low-risk merchant account. Higher fees. While low-risk merchants must pay the chargeback fee, high-risk merchants must pay a larger chargeback fee. - Load balancing feature for high risk merchants. 6% plus 10¢ per transaction. It nullifies the challenge and struggle of choosing the right high-risk merchant account or the right PSP. Medium and Low Risk Merchant Accounts. That being said, the difference between high risk and low risk isn’t. We accept most legal high-risk merchants industries. It is best to find a high-risk processor who understands the needs of businesses with bad credit. It often means tougher-than-usual terms and higher fees than low-risk accounts. Offers: Business loan matchmaking services. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. The good news is there are a lot of merchant service providers that specialize in high-risk merchant accounts. 8% approval ratio. High-Risk Payment Processor Requirements. But they're more. Low Risk Merchant Accounts Finding the right credit card processing and merchant account provider is critical, yet challenging, for any business. A merchant account may be classified as low-risk due to one or more of the following factors: If the average monthly transaction volume is less than $20,000. A low-risk merchant account needs to meet many requirements, including a smaller number of transactions, low chargebacks, and low revenue. unique tool that allows you to efficiently process payments online. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. - $99 account setup fee, 3 year. Lower risk merchants tend to be able to command lower fees and have a better selection of account products to choose from. High-risk businesses are charged greater processing fees than low-risk enterprises to determine the interchange cost they will pay. io is a newly-established merchant account provider that caters to both high-risk and low-risk US merchants. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. in-person; 2. com may open an account for a company and close it after a few. If you opt to use Square for online sales, you can expect to pay a higher rate of 2. Still, high risk merchants have different requirements than low or standard risk merchants. It exhibits a deep understanding of the intricate landscape of high-risk payment processing and presents solutions that go beyond conventional offerings. High-risk merchant accounts typically have higher processing fees to compensate for the risk the payment processor takes on while working with the account. It’s also free of monthly fees. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. YOUR HIGH-RISK MERCHANT PROVIDER. 30% + $0. Certain industries are labeled as high-risk – operating under more stringent regulations with substantially higher transaction costs (e. High-Risk Merchant Account vs. The funds from customer payments need to go somewhere with the business name on it. Low Risk High Risk; Chargeback rate: Under 1%: Over 1%: Average ticket size: Under $500: Over $500: Sales volume: Under $20,000/mo:. The phrase high-risk is a scary prefix for most business owners seeking a merchant account. Low-Risk; High-Risk; ACH; Application; About;. The provider may approve riskier applications but at a higher fee. 2. 10 per transaction (low-risk accounts) Processing rates vary by the acquiring bank/back-end processor (high-risk accounts). Bad Credit Payment processors and the financial institutions that back them typically check the business owner’s credit when reviewing a merchant account application. 9% + 30¢ online. Per standard industry practice, payment. Since account providers consider high-volume merchant accounts to be at higher risk, you will pay more for your credit card processing. com — Best for any high-risk business, with a 99%. In contrast to the application process for a low-risk merchant account, getting a high-risk merchant account can be more challenging because banking institutions prefer to offer low-risk customer. io as our favorite online credit card processor for cannabis and CBD vendors due to its willingness to work with these merchants when many providers will not. Open a High Risk Merchant Account . This ecommerce store transacts through a virtual terminal and payment gateway. Low-risk merchant: High-risk merchant: Average monthly sales volume: less than $20,000: over $20,000: Average credit card transaction: less. Square: Best for businesses that are seasonal or process less than $10,000/month. There are several criteria to determine the risk level of a business: high transaction volume, international payment (geographic location. Additionally, if. 2% plus $0. How to get a High Risk Merchant Account? 1. However, a low-risk merchant account offers better rates when operating a local business. A low-risk merchant account needs to meet many requirements, including a smaller number of transactions, low chargebacks, and low revenue. Ongoing Support. ”. net lays the groundwork for a more streamlined high risk payment processing experience. Durango Merchant Services: Best for eCommerce merchants. Underwriting process: The payment processor conducts a thorough review of the business’s industry, financials, chargeback history, and other relevant factors to determine the risk level. SMB Global. Low-risk merchant accounts tend to enjoy more privileges, such as lower processing fees for every transaction and the ability to negotiate for more favorable pricing and contract terms. A team of high-risk analysts or an individual analyze your business to find out any type of risk. A high risk merchant poses more of a financial risk to the processing company. For a high-risk merchant account instant approval, it is preferable to go for a service provider like PayCly which specializes in high-risk companies. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. Low-risk accounts are at a far lower risk for economic issues like fraud and chargebacks, while high-risk accounts are more likely to have these financial issues. For this type of business, the merchant needs a high-risk payment gateway and high-risk merchant accounts. Corepay provides European merchant accounts for businesses globally. So these are some differences between low and high-risk merchant accounts that you should know: Low-Risk Merchant Account. If you own a business, you understand the value of having a dependable payment processing solution. If you qualify for a high risk merchant account, expect to pay slightly higher fees. g. Low-Risk Merchant Accounts. Other examples of high-risk businesses include bail bonds, electronics, and credit repair companies. The more chargebacks that come with a business, the higher the risk. High Risk. You can request more information by filling out the form on its website. You can expect to. 10 per transaction (low-risk accounts) Processing rates vary by acquiring bank/back-end processors (high-risk accounts) $15/month account fee (low-risk accounts). The second thing you need to know is the type of merchant account you’ll get with your application. To qualify for low risk merchant accounts, your business will fit the following description: You process less than $20,000 per month; Your average ticket size is less than $50; Zero to low chargeback ratio; You operate within a low risk industry; You are incorporated in a low risk country The Difference Between Low-Risk & High-Risk Merchants. 3. Processors may charge different fees, require different reserves, may vary the terms and conditions, or have different application processes depending on the risk category. Do I have to buy new equipment in order to process with Goat Payments? No, absolutely not! As a matter of fact, GMS prides itself on having never leased even one credit card terminal. various factors collectively decide the risk category for a particular business. Validate your high-risk Level 4 merchants’ compliance with the PCI DSS. High-Risk Merchant Services. account, so you can focus on the best processing options. phone order or online. These businesses often operate in industries that, for various reasons, carry a higher level of risk. It allows merchants to accept customer payments in any currency, including Euros, Sterling, Dollars, and other major. A voided check, or other proof of bank accounts such as a signed bank letter or barring that, your bank’s routing number and your bank account number. What is a High-Risk Merchant Account? A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. This label is often due to the. High-risk merchant accounts are for businesses in high-risk industries that sell high-value products or services, have a history of frequent chargebacks, and have an. 2) low-risk merchant accounts. Whether you’re a low or high risk business model, we’ll help you speed up the. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. Fastest application process: Soar Payments. In simple terms, a high-risk merchant account is a payment processing account for businesses considered as ‘high-risk’ by credit card processors or banks. Simple application process: submitting an application for your high-risk merchant account is so straightforward. Low Risk Merchant Account. High-risk transactions refer to credit card payments associated with significant risks of chargebacks, fraud, and other potential issues, like money laundering. High risk processors won’t terminate the account for just being in a high risk industry; Ability to sell high risk products and subscriptions. The merchant account opening is free for both. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. To get a merchant account, one must submit an application with a merchant account provider. For example, ecommerce brands can expect to pay 4% per transaction while dating sites are looking at 6% and IT support 10%. Low-risk merchant accounts get month-to-month agreements with no early termination fees, while high-risk accounts may have to sign a two-year contract and an ETF. Prior applying for a merchant account, you must know if your business comes under low-risk. A reserve, in simple terms, is a security deposit for the acquiring bank, and its goal is to protect them from potential risks associated with your merchant account. Our payment experts approve 99% of low and high-risk merchants for full-service payment solutions, becoming the #1 provider for payment processing, funding, and so much more. We chose Treati. Definition: Low-risk merchant accounts are typically associated with businesses operating in industries that have a lower likelihood of chargebacks, fraud, or legal complications. e. g. in high-risk categories do so with the confidence that the reward will offset the extra hassle and expense of a high-risk merchant account. It is important to note that each payment processor has its own set of criteria, but there are certain qualities that are shared by all of the competitors on the market in terms of security. Low-risk businesses are easier for merchant service providers to trust. For instance, you can benefit from higher approval. These risks could range from a high likelihood of chargebacks and fraud to legal. They partner with Payline Data who is maybe a better choice for low-risk companies. 2. However, for business owners looking for the best high-risk merchant accounts with bad credit, you might want to consider Electronic Cash Systems, PaymentCloud, Payment Depot, Durango Merchant Services, Soar Payments,. Once we have placed your business with a suitable high-risk banking partner, we will work with you to. At Corepay, we frequently get merchants approved who have had their Paypal accounts terminated as we specialize in high-risk payment processing. 5 Ways To Improve Your Chances Of Getting A High-Risk Merchant Account For. Low-risk merchant accounts are designed for businesses that have a consistent volume of sales, low returns/chargebacks, and are in well-established. A high risk merchant poses more of a financial risk to the processing company. 1. 20. You will need to either find another way to accept. Low risk industries are generally those that have a low incidence of fraud and chargebacks, and as a result, they typically pay lower processing fees and have fewer restrictions on their accounts. Often people consider that offshore merchant account is for High Risk Businesses or for such businesses that cannot get approval by their domestic banks. The credit card transaction average is $500; Minimum returns;High Risk & Low Risk Merchant Accounts. Instant approval hardly means instant for high-risk merchant accounts. High-risk vs. These industries. In most cases, a high-risk merchant account can be approved within 3 to 10 business days of a complete application packet being submitted to underwriting. National Processing: Best for Small Businesses 6. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. Businesses classified as low-risk typically operate. A merchant account scam is designed to be appealing to new merchants and startups, especially high risk merchants. Keep reading to learn more about high-risk merchant accounts, how you may have become high-risk, and how to become low-risk by getting off the MATCH List. Host Merchant Services: Best for large high-risk businesses. General characteristics of a low risk merchant account. High-risk Vs. High-risk merchant accounts belong to businesses with a significant likelihood of getting chargebacks after a transaction. However, you can also use the EPD Gateway with. The best merchant account for small businesses depends on your specific circumstances. 95% for normal merchant accounts. 2) High chargeback ratio. For more information, visit the Host Merchant Services website or call (888) 727-4538. A high-risk merchant is a type of merchant that a merchant account service provider and a merchant acquiring bank consider high-risk due to the company’s history of payments or the nature of business activities that can cause financial losses. While the high-risk version is a bit expensive, it offers the merchant many. This is why eMerchant offers same-day approval for low-risk merchant accounts. Your average ticket size is significantly less than $50. Low-risk merchant account. If a merchant has a high. Here’s how this process works: 1. A low-risk merchant may need to meet many requirements; however, the most important are: low revenue, few transactions, and low chargebacks and returns. eMerchant Authority is the leader in payment processing for high-risk merchants. Your average ticket size is significantly. Reduction in Processing Delays. Not only do we have highly competitive rates, but we also provide 100% transparency and top-notch customer service. Stax: Best for Larger Businesses 2. Has consistent revenue streams all year round. . 7 billion in 2018 and are expected to reach $40 billion by 2023. The company guarantees the lowest rates and prides itself on. All businesses need merchant accounts in order to accept credit and debit card transactions. Every bank and provider uses a different set of criteria to assess the. Merchant accounts for high-risk businesses are more dangerous for banking systems to operate with. Learn about the best business loans for bad credit, so you can get the funding your business needs, even if your credit score is poor. Low-Risk Merchant Definition. It offers fast and easy. For low-risk merchant accounts, these fees can rack up to $15 to $50 per incident, depending on the transaction value. Moonlight Payments Overview. Let’s Understand The Low-Risk Merchant. Many low-risk businesses run into chargeback issues that force their merchant account to close. However, you’ll run a lower risk of account freezes and holds. Your merchant account provider will send the transaction details through its backend processor to the customer’s card issuer . An online merchant is a business that sells goods and processes payments over the Internet. For example, if you’re a business owner with a bad credit score, and you went through several unsuccessful attempts, you still have a chance to accept credit card payments, but you have to find the. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. Low-Risk Merchant Account There are a few differences between a low-risk merchant and a high-risk merchant in the eyes of a payment processor. Usually offers tiered pricing to bad credit merchants. In the world of merchants, the ability to process credit card transactions is vital to the survival of your business. 2. A merchant with a low credit score — whether it’s because of a prior bankruptcy, a tax lien, or any other reason — will by default be classified as a “high risk” merchant, and therefore will usually be rejected for a credit card processing services by most large banks and merchant services companies. Best one-stop shop: First Card Payments. Chargeback fees: Even low-risk merchants get chargebacks, only at a much lower rate than high-risk merchants. High-risk businesses are those that are considered to be a higher risk for chargebacks or fraud. Riskier companies may still be approved, but with. Low-risk merchant account. Before reaching merchant services, Recognize some circumstances: Should be looking which payment type preferred by customers. Your merchant account provider will send the transaction details through its backend processor to the customer’s card issuer . (Even low-risk businesses can wait up to 1-2 business days for approval. To qualify for low risk. The business is in a low risk industry. g. These businesses often operate in industries that, for various reasons, carry a higher level of risk. Best for online and international sellers: Durango Merchant Services. Low Risk merchant accounts allow organizations that are deemed low-risk to accept payments online and offline. High-risk merchant accounts differ from low-risk accounts in the following ways: Almost always a full-service merchant account (PSPs typically don’t accept high. Luckily, while the process to get one is a little more complicated, there are many benefits to a high-risk merchant account. In order to apply for a high-risk merchant A business that accepts credit cards for goods or services. 24/7 SupportBest high risk merchant accounts at a glance. Businesses That Typically Apply For Low-Risk Merchant Accounts An online apparel store is an excellent example of a business that could be considered for a low-risk merchant account. Though, most of the process functions similarly to applying for a merchant account with good credit. A high-risk merchant account is a specially designed payment solution that enables businesses in high-risk industries to accept card and electronic payments. net Learn more about what constitutes a low-risk merchant A business that accepts credit cards for goods or services. Therefore, while we provide high-risk European merchant accounts, we can also offer our clients low-risk processing, should they qualify. Low-risk merchants are generally established merchants that process less in volume, have lower ticket averages, have little to no chargebacks, only transact in 1 currency. PayPal: Best for Ecommerce. Even low-risk merchant account fees vary widely. The company specializes in merchant accounts for high-risk businesses. Friendly Client Support. net: All-in-One Solution. GoCardless Last editedDec 2021 — 2 min read Table of contents Merchant accounts explained What is a high-risk merchant account? What is a low-risk merchant? In. General characteristics of a low risk merchant account. Your customer pays for your goods or services with a credit card using your POS equipment, a virtual terminal, or a mobile app. Interchange + 0. September 3, 2023. Obtaining a merchant account with bad credit requires multiple steps. A high-risk merchant account means payment processors and card networks view the company as being more likely to default on its payments, suffer high levels of chargebacks, or even commit fraud. 2. They call their accounts high-risk merchant accounts and charge you more in processing and chargeback. Authorize. The truth is that it takes must time to get approved for a high-risk merchant account compared to the traditional merchant account. 6% plus 10 cents per transaction. These businesses are often rejected by standard merchant accounts because of the risk to banks. Based in France, Corepay has recently expanded its reach to the US. Best for chargeback monitoring: SMB Global. 1) High-risk merchant accounts. Ultimately, a high-risk ACH account. Our objective is to give customers the satisfaction and be a reliable provider. 59% over interchange, while high risk rates. Leaders Merchant Services: Best for Established Businesses 4. Even low-risk merchant account fees vary widely. Even though the criteria might differ from one provider to another, there are some fundamental. Mony Zenou, Founder, President, and CEO of Dejavoo Systems joins the show to discuss the power of cloud based POS offerings, and more. The merchant account provider will likely approve your application if your business history and transaction type make you a low-risk option. Again, it all comes back to that one word: risk. High-Risk & Low-Risk European Merchant Accounts. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. The standard process for acquiring a merchant account process is as follows: Choose a business structure for your new enterprise. To qualify for low risk merchant accounts, your business must: Process less than $20,000 per month, Have an average ticket size of less than $50, and. In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. One of the biggest differences between low risk vs. This merchant account allows the business to accept card payments but will come with additional requirements and fees. It works simply; you set up your online Delta 8 store with a payment portal or shopping cart system. A high-risk merchant account is a type of business bank account set up by a payment processor that allows merchants to accept credit and debit cards for their business, even though they have been. This may include per-transaction and chargeback fees as well as setup, cancellation, and other. Low risk merchants are not usually required to set aside a reserve fund unless they have a low credit score. A high-risk gateway is compatible with. Low-risk merchant accounts, on the other hand, have these characteristics: Only accepts one type of currency; A payment service provider hosts their payment page; Their average credit card sale is under $500; Their average monthly sales volume is under $20,000; Their business only sells low-risk products/items such as. Have a zero to low chargeback ratio. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. When you call or email, you’ll always speak with our friendly, in-house client support team. Notably, when it comes to merchant account processing for high-risk accounts, the approval may take longer. What Is A High-Risk Merchant Account? A payment service provider can make the determination if a business is a high risk if they have a higher than. Keep in mind; they will still need to have good credit, have been around for years, and have a monthly revenue of under $20,000, and do 80-85 percent of their. Understand more about being in high risk verticals by researching payment review websites with key information. Our team of experts is here to support you every step of the way. We cater our services to both high and low risk merchant services. Square Merchant Services: Best for Startups. e. Your average ticket size is significantly less than $50. Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. You’ll likely pay higher in merchant account and payment processing fees. Cashback and reward points for certain merchant categories must. Low-risk accounts usually benefit from lower prices because they demand less work from payment processors. Here's a rough guideline to help you differentiate between a high risk and low risk business. A low-risk term will be PCI-compliant and will ensure all data it stores and uses is kept private and works in the right hands. A subsidiary of Visa, Authorize. Certificate of incorporation. 50% + $0. Only one type of currency is accepted. 5% for high-risk merchants. If business owner looking for a Secure Merchant Account follow these steps: Create a Business Required Strategy. Tiered pricing usually offered to bad credit merchants. With experience learned through a few risky transactions, the high-risk merchant account holder will grow wiser and discern between different markets to. Low personal credit score, typically 500 or less; Outstand liens on property; Applying to a high risk merchant account provider you must be sure to have all the proper documentation ready and identify the terms and fees that will be coming from the provider. Again, it all comes back to that one word: risk. In summary, credit repair agencies cannot rely on cookie-cutter solutions for payment processing. A low-risk payment provider (like PayPal) charges its ecommerce users a 2. Applying for Your Merchant Account. Each merchant service provider received a rating based on over 50 data points. It also has a strong. Now that you know more about merchant accounts, let’s take a closer look at the difference between high-risk and low-risk merchants. As one of the most trusted merchant account providers available, Payment Cloud has serviced hundreds of popular high-risk merchants. Level 3 processing is easy with the PayKings high risk payment gateway. By contrast, a high-risk merchant who uses a payment processor like Paysafe should expect a fee as high as 7. Variable transaction fees. This includes information on individual transactions and batch totals with comprehensive reporting tools. It allows you to take credit card payments, handle more transactions, and keep your operations safe. The first thing most merchants will notice is higher fees. An offshore merchant account is similar to an international merchant account. 1. 95% for every transaction compared to 0. 3. Here is the 4-step process of a debit card or credit card transaction and how a merchant account works:. A high risk payment processor should provide excellent service and competitive rates—but there are some negative aspects of high risk merchant accounts that are unavoidable. While high risk merchants are businesses dealing with larger transactions of over $20,000, low-risk merchants are small business owners earning less than $20,000. With its expertise in high-risk merchant accounts, tailored payment processing options, competitive pricing, and excellent customer support, HMS is well-equipped to help CBD merchants efficiently and effectively process credit card payments. 800-567-3019. A few general characteristics that constitute a low-risk merchant to a payment processor include: Low transaction volume (less than $20,000 per month) Average transactions under $500; Business in one country that is labeled low risk (the U. We make High Risk Easy. On the other hand, high-risk merchant accounts deal with high-risk items like cannabis, tobacco, firearms, airplane tickets, virtual currencies, and pharmaceuticals. Our low-risk merchant accounts are perfect for nearly any industry, including: Convenience Stores; Specialty Retailers; Low-Risk E-commerce; Clothing Boutiques;. A high-risk merchant account can have a rolling reserve feature to protect against chargebacks or fraud. Why Do I Need A High Risk Merchant Account If you operate a business in a high-risk industry, obtaining a high-risk merchant account is an essential step in being able to accept credit card. We have over two decades of high-risk credit card processing experience and understand what it takes for high-risk merchants. To get a high-risk merchant account, you need to go through several stages: 1. Soar Payments provides merchant accounts for diverse industries, including solutions for high, medium, and low-risk businesses. But not all accounts are the same — some are considered low risk and others are high risk. Some examples of low-risk merchant accounts are gas stations, grocery. CDGcommerce: Best for an eCommerce/MOTO specialist. Payment gateways consider users with a few common traits low risk. Low-Risk Merchant: High-Risk Merchant: Average monthly sales volume: Less than $20,000: Over $20,000: Average credit card transaction:. A high-risk merchant account with instant approval can be the lifeline your business needs. Additionally, high risk merchant accounts are created for businesses that deal in vulnerable goods and services such as gambling while low risk. Dharma’s processing rate for high-risk businesses is interchange rate + 1. They typically have: Lower transaction volumes and low sales. Shark Processing LLC offers high-risk merchant accounts and payment processing services. Get a free card. If the business accepts only one type of currency. HighRiskPay. They will provide the best rates for services, plus they will offer more lenient terms for services. in-person; 2. However, PaymentCloud also handles payment processing for medium- and low-risk businesses. You already have a merchant account and only need the NMI gateway. Merchant account fees. The reason is simple: Everyone in the payment chain (except for the customer) loses money in a chargeback. , those with both physical and digital storefronts), Moonlight addresses the unique challenges faced by businesses in sectors like. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. High-risk merchant account providers and general processing companies follow various measures to reduce the risk. The company provides speedy approval decisions to the merchants and is known in the industry for its transparency. Not only that, it also has acquired bank partnerships, skills and a good reputation to help your high risk business acquire a merchant account. - No early termination fee even for high risk businesses. This can be proven with a valid business license. High-Risk & Low-Risk Merchant Accounts: While Corepay can also place low-risk merchants, its specialty is in providing merchant services to businesses that are deemed to be in a high-risk category. The first thing most merchants will notice is higher fees. High Risk Pay Overview. In the world of merchants, the ability to process. Payment processors will categorize your company as low risk when: Your company brings in less than $20,000 per month. Differences Between High Risk vs. With the use of an Authorize. Here at Shark Processing, our sole focus is securing low-cost, low-risk merchant accounts tailored […] Your business’s merchant account will be categorised as high or low risk depending on your industry, transaction values, chargeback history, and potential exposure to fraud. They’re so well-established in fact that they work with over 60,000 merchants. Some examples of low risk industries for credit card processing include: Retail: Physical stores that sell tangible goods, such as clothing or. What We Look For in the Best Merchant Services 1. What is a High-Risk Merchant Account? According to Nerd Wallet, a high-risk merchant account is required if a business with a greater risk of fraud or chargebacks — or with certain other. 25 transaction fee. A Delta 8 merchant account is a type of merchant account aimed to ease the transactional process of Delta 8 businesses. Having a variety of payment options with optimal security is a must for successful online companies. Due to the company’s low fees, Helcim only approves businesses for credit card processing that are deemed as “low risk” accounts in the merchant account industry. Worldwide vaping sales reached $15. This includes the merchant, the credit card company, and the bank that issues and finances the card. High risk merchant accounts are the hardest ones to get and the most costly. If you own a high-risk businesses you are susceptible to chargebacks. Low-Risk Merchant Accounts As mentioned, standard (or low-risk) and high-risk credit card processing offer similar services—both facilitate payment processing for a business. Payment processors will categorize your company as low risk when: Your company brings in less than $20,000 per month. A competitive payment processing fee for a standard retail small-business account might be 2. Square: Best Free Merchant Account For Small Businesses. High-Risk Merchant Account vs Low-Risk Merchant Account. Low-risk rates from $99 /month and $. To qualify for same-day merchant account approval, ensure all the needed documents are in order. PaymentCloud: Best For High-Risk eCommerce Businesses. The business or the owner has a bad financial history.