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💳  Trouble getting approved? See our top picks for "high-risk" merchant accounts in 2021

Which Businesses & Industries Are Considered High-Risk? (& What It Means If You’re On The List)

    Frank Kehl
  • 237 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Frank Kehl

Frank Kehl

Expert Analyst & Reviewer at Merchant Maverick
Frank Kehl has been researching and analyzing merchant services, payment gateways, and international money transfer services since 2015. He has a Bachelor of Science degree from Penn State and a Juris Doctorate from the Ventura College of Law.
Frank Kehl
View Frank Kehl's professional experience on LinkedIn.

⭐️ Our Top Pick To Get Your Merchant Account Approved ⭐️

PaymentCloud



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PaymentCloud has an excellent track record for both service quality and account approvals.

⭐️ Our Top Pick To Get Your Merchant Account Approved ⭐️

PaymentCloud



Visit Site

Read our Review

PaymentCloud has an excellent track record for both service quality and account approvals.

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237 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    D Schillinger

    Dear Community, Our Business is Data Solutions. Clients would pay between $1 – 10 per transactions. Are you able to confirm if we fall under High-Risk business Categories as data solutions does not appear on the category list? Are you also able to suggest the most suitable offshore merchant services provider as we expect customers predominantly from the US, Europe, Asia and relatively Africa.
    Thank you
    D Schillinger

      Jessica Dinsmore

      Hi D,

      It’s not clear what kind of services your business provides based on the info you’ve provided here, but from the sounds of it, you’ll likely be considered high risk by most providers. Here is a list of The 8 Best Offshore Merchant Account Providers that I think you’ll find helpful. Good luck!

        Steffen

        How much is typically meant by “high average ticket sales”? Are we talking $200 or $2000?

          Jessica Dinsmore

          Hi Steffen,
          Great question! We’ve never seen a specific amount disclosed, and it’s highly likely that every processor sets their own limit. High average ticket sales would be closer to $2k and up if we had to guess. I hope that helps!

            Aleem Ajmal

            Hi,

            We are running an IT solution marketing company based in the U.S. We provide SEO, web development, ad campaigns. Also, we do marketing for an IOS and Android applications. We do call the customer for the B2B services it wouldn’t be wrong if you call us a call center or a small BPO.

            Just wanted to ask, would you be kind enough to help us in this matter to tell that which merchant we should apply for.

            We will keep an eye out to your response.

              This comment refers to an earlier version of this post and may be outdated.

              Jessica Dinsmore

              Hi Aleem,

              In looking at this high-risk comparison chart, I’d say Host Merchant Services looks like a good choice for you. You could also try entering in your specifications into our filtering tool to get a more closely matched recommendation. Best wishes!

                This comment refers to an earlier version of this post and may be outdated.

                ali chouerreb

                Dear Community,
                Hi I am a tech support company based in UK which merchants will work better for me.
                Best Regards

                  This comment refers to an earlier version of this post and may be outdated.

                  Jessica Dinsmore

                  Hi Ali,

                  We would recommend getting several quotes from high-risk providers, and this post provides an excellent list to start with. You can also check out our comparison chart. Best of luck!

                    This comment refers to an earlier version of this post and may be outdated.

                    dopsia

                    Could you please recommend some adequate payment processors for me? my business is related to blockchain based items such as NFT(non fungible tokens). Many thanks!

                      This comment refers to an earlier version of this post and may be outdated.

                      Jessica Dinsmore

                      Hi Dopsia,

                      This article lists several payment processors that may be able to accommodate your business needs. Hope that helps!

                        This comment refers to an earlier version of this post and may be outdated.

                        Alibaba

                        Hi,

                        I’m almost done with setting up my coffee truck. I will be mobile mostly and most of my transactions will be below $10.00. What POS system do you recommend for me to use? I appreciate your input and all available information you are providing which helps people like me who are new to the POS world.

                        Alibaba

                          This comment refers to an earlier version of this post and may be outdated.

                          Jessica Dinsmore

                          Hi Alibaba!
                          We actually have a post exactly about that! Check out How To Choose A POS System For Your Food Truck. Best of luck with your coffee truck!

                            This comment refers to an earlier version of this post and may be outdated.

                            Greg Simpson

                            I need an account for my high-risk business.

                              This comment refers to an earlier version of this post and may be outdated.

                              Jessica Dinsmore

                              Hey Greg! This would be a great place to start. You can also compare high-risk processors here. Good luck!

                                This comment refers to an earlier version of this post and may be outdated.

                                Criselle Flores

                                Hi! I’ve been in the Online Pharmacy Industry for 8 years and counting. We have some big plans for this coming year 2020 and I’m in the market looking for a reliable merchant preferably “US based” since our main market are US citizens. Care to help?

                                  This comment refers to an earlier version of this post and may be outdated.

                                  Emily Hale

                                  Hi Criselle,

                                  Thanks for reading and for your question. Here is a list of some of the best high-risk processors that would be a great starting point to check out. Each has a full review so that you can investigate further and contact them. Best of luck!

                                    This comment refers to an earlier version of this post and may be outdated.

                                    Nick

                                    I want to start a Credit card processing company. Am looking for underwriters for my business. Can you help me figure out their details and what’s the best way to reach them.

                                      This comment refers to an earlier version of this post and may be outdated.

                                      Emily Hale

                                      Hi Nick, Finding information about underwriters and setting up credit card processing companies may be a bit outside of our expertise. We’d rather not give you an answer that we’re not certain about, but we wish you all the best!

                                        This comment refers to an earlier version of this post and may be outdated.

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                                      Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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