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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)

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

Frank Kehl has been writing about 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. After a long and enjoyable career of traveling around the world as an Air Force navigator, he’s comfortably settled down in the wine country town of Paso Robles in California’s scenic Central Coast region. He enjoys reading, photography, hiking, and numerous other outdoor pursuits.

⭐️ Our Top Pick To Get Your Merchant Account Approved ⭐️

PaymentCloud



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Read our Review

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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235 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.

    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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                                  We Recommend PaymentCloud 🏆

                                  PaymentCloud is one of our top picks for credit card processing!

                                   

                                   

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                                  We Recommend PaymentCloud 🏆

                                  PaymentCloud is one of our top picks for credit card processing!

                                   

                                   

                                  We love PaymentCloud's predictable pricing and excellent service.

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