Hozpitality Logo Hozpitality Logo
    • Advanced Search
    Language
    • English
    • Arabic
    • Mandarin
    • French
    • Spanish
    • Russian
  • Institutes
  • Companies
  • Suppliers
  • Courses
  • Jobs
  • Marketplace
  • Alumni Pages
  • Articles
  • Events
  • Awards
  • Courses
  • Jobs
  • Marketplace
  • More
    • Institutes
    • Companies
    • Suppliers
    • Alumni Pages
    • Articles
    • Events
    • Awards
  • Language
    • English
    • Arabic
    • Mandarin
    • French
    • Spanish
    • Russian
    • German

Did you register already??

Connect with Global Hospitality Professionals.
Meet, Network & Benefit !

"Thanks for rating!
Your contribution helps everyone make better decisions."

Highrisk Gateways Cover Image
User Image
Drag to reposition cover
Highrisk GatewaysProfile Picture
  • About
  • Timeline
  • Jobs
  • Products
  • Promotions
  • Gallery
  • News & Articles
  • Events
  • Reviews
  • About
  • Timeline
  • Jobs
  • Products
  • Promotions
  • Gallery
  • News & Articles
  • Events
  • Reviews
  • premium

    Highrisk Gateways

  • Highrisk Gateways Twitter Profile

    C32, Plot no.-14, Kaushambi, India

  • 5.0 1 review(s)
  • 3 Following 136 Followers
  • Contact Us Our Team Testimonials

About Us

HighRisk Gateways is a Global Credit Card Processor for high risk merchants. We began our operations a few decades ago and have grown due to excellent relationships with our International Processors. We started out small, with just a few people, but today we have 100’s of Agent/ISO/Resellers working with us. HighRisk Gateways has achieved our success because of how successfully we integrate and provide the services to our merchants. Merchants fear outside companies to get a merchant as they can’t go to them to meet. We are based in India can be reached googling our business name or setting a direction to our office by google maps. If you would like schedule your meeting with us, Please send us your business profile and we will review it to ensure the approval. We will email/call to you to setup our meeting according to your convenience. HighRisk Gateways continues to grow every day in the market of online credit card processing, thanks to the confidence our merchants have in us. We cover many high risk industries such as Financial, Forex, IT Support, Herbal and Health Care Products, Business Services,Consumer Products…etc.

Our Services

High risk payment gatewayOffshore payment gatewayhigh risk merchant accountCredit card processingBest high risk payment processors

Forex Trading Merchant AccountOnline Gaming Merchant accountAdult toys Merchant AccountOnline Casino Payment GatewayTobacco Merchant AccountNon-3d Payment GatewayeCommerce Payment Gateway



Gallery
  • Slider-images
  • Slider-images
  • Slider-images
  • Slider-images

We are sorry this {artitle_title} article is not available anymore. Please click below to see other similar articles available on Hozpitality

Get The Best High-Risk Merchant Account In High-Risk Industry

Promotions : 23 Mar 2022
10 months ago
Like
Comment
Share

Share to:

Timeline

Twitter
Facebook
WhatsApp
Pinterest
Linkedin
2
34300
0
0

If your business lies in the “high-risk” category, you may struggle to find a reliable high-risk merchant account. But who confirms that a business comes in the high-risk category?

Get The Best High-Risk Merchant Account In High-Risk Industry

If your business lies in the “high-risk” category, you may struggle to find a reliable high-risk merchant account. But who confirms that a business comes in the high-risk category? And what parameters confirm the risk? In this blog, we’ll help you to understand all this and many more things. So, you can find the right payment processor for your business requirements.

What is a High-risk Merchant Account?

Businesses that are labeled as high-risk will require a high-risk merchant account to receive debit/credit card payments. A high-risk business has a high ratio of chargebacks or frauds and some other characteristics.

But there is no central authority in the payments industry that analyzes the risk parameters associated with a business. Whereas, every bank and high-risk payment processor has its parameters.

Some payment processors mention upfront that they don’t cater to some industries. Others will hardly observe detailed information about a business to a certain risk, and their application may be rejected or accepted based on this risk. Ultimately, it all depends on a payment processor’s internal parameters and perception of risk management.

Parameters that label a business high-risk

Businesses from some industries that carry higher risks may be labeled as high-risk businesses. There are some examples of high-risk industries:

  • CBD oil, e-cigarettes, and vapes
  • Credit repair
  • Multilevel Marketing (MLM)
  • Adult products/services
  • Pawnshops
  • Supplements and nutraceuticals
  • Tech support
  • Travel Agencies
  • Online Gaming
  • Tobacco Businesses
  • Forex trading
  • Collection Agencies, etc.

On the other hand, many other parameters can label a business as high-risk.

  • Some payment processors can consider you high-risk if you have newly entered and never processed payments before.
  • If you have poor credit records or a low credit score, your risk perception may increase.
  • If your business has controversial products or runs your business on a slippery legal track.
  • Businesses that are providing international sales may also have high-risk classification.
  • Industries that have regulations by government or legislation are also labeled high-risk.
  • If your business offers card-not-present payments, you will need a high-risk merchant account.

How does a High-risk Merchant Account Differ from a Regular Account?

Labeled as a high-risk business can reflect to be quite daunting. A payment processor may easily reject your application. However, a high-risk payment processor may choose to offset your inherent business risk by forcing some measures.

These are the primary factors that differentiate between a high-risk merchant account and a regular merchant account.

  1. Longer application process. If you are applying for a high-risk merchant account, then a payment processor may ask for detailed information to observe your risk profile or study past flows of your financial terms. Usually, payment service provider companies will check your business’s processing history, your personal credit history, and your partnerships.
  2. Higher payment processing fees. For small businesses, payment processing fees may be 0.3% above the interchange rates. But for a high-risk merchant account, this could go up to 1.5% with an interchange rate. However, interchange fees may vary according to the company, and higher risk will have a higher fee. 
  • Cash reserve requirements. Some payment processors may hedge a certain amount of cash for a business. They may manage the thresholds of this reserve in several ways.
  • Rolling Reserve. A high-risk payment processor keeps aside a part of every transaction you will process. It can be as higher as 10%.
  • Upfront Reserve. A high-risk payment processor receives a part of the amount from the merchant upfront. Sometimes, the processor may hold all transactions until the merchant pays the purchased amount.
  • Higher chargeback fees. When a business requires to process refunds, they must also pay chargeback fees to their payment processor. For businesses that have a high chargeback ratio, this fee may be higher to offset the risks of excessive chargebacks. Whereas, these rates may come anywhere between $20 to $100 each. 
  • Volume caps on the transaction. Some payment processors may stop you from processing more transactions if your sales volume exceeds a specific limit. Processors assume that risks may be higher when dealing with high volumes.

How to get a high-risk merchant account provider?

As a high-risk merchant, you may not be able to find the pricing structure details for a high-risk merchant account on a payment processor’s website or other similar platforms. Rather than that, you will need to fix meetings or private consultations with their members to put your case at priority.

You can start by noting down some high-risk payment processors that cater services to your industry. Some popular ones specialize in high-risk merchant accounts.

When you have some options in your hand, you must look at what everyone brings to the table. You can choose based on the following things:

  • How much experience do they have working with businesses in your respective industry?
  • How long it will take to allow you to accept payment?
  • Do they have a reserve requirement?
  • Along with credit and debit cards, do they support eChecks and ACH payments?
  • Will they charge an early termination fee if you switch to another provider in the future?
  • What types of equipment do they provide (like POS machines, virtual terminals, etc.)?
  • How accessible and robust is their customer service?

How to apply for a high-risk merchant account?

To accept online payments you will need to find a reliable high-risk payment processor. Yet, the process to apply for a high-risk merchant account is short and easy. You will have to fill out an application form. For example, if you choose HighRisk Gateways as your payment partner. They will help you to find a bank that is suitable for your business requirements. When your business gets approved by the acquiring bank, you can start accepting online payments.

You must be ready with these documents before applying for a high-risk merchant account:

  • Incorporation certificate
  • Shareholder’s certificates
  • Copy of your passport
  • Address proof with a utility bill
  • Bank statements of last three months
  • Processing history of recent six months (total number of transactions, chargeback percentage)
  • The license number with the name of the organization that issued the license

Does HighRisk Gateways Serve High-risk Businesses?

High-risk merchants have a limited number of payment providers they can work with and HighRisk Gateways are one of them. For example, if you have an adult toys business, an online casino business, HighRisk Gateways will be able to serve your business with a high-risk merchant account.

The primary benefit of partnering up with HighRisk Gateways is that a merchant will have to follow an underwriting process before getting a merchant account. This procedure labels risk factors initially and saves your precious time and costs. We’ll let you know if we can’t provide you with the payment service and even suggest to you some ways to modify your business and you can re-apply and get the best solution.

Wrap Up

As it is clear from the above discussion that some businesses have inherent risk factors. Also, the definition of high-risk varies from one payment processor to the next. Moreover, there are some high-risk payment processors whose entry point is easy but merchants have to face the risk of being cut off at any time. By choosing a payment service provider like HighRisk Gateways, you can get relaxed that there would not be any unfavorable surprises for you later on. Contact us today for a better consultation so that we can analyze your business’s risk factors and provide you with the best solutions

Source: Get The Best High-Risk Merchant Account In High-Risk Industry

#high risk merchant account #credit card processing #offshore payment gateway #forex trading merchant account #credit card processing system

More Articles By Highrisk Gateways


    Get a High-Risk Merchant Account in India effortlessly

    Get a High-Risk Merchant Account in India effortlessly

    33266

    Posted : 10 months ago

    Offshore payment gateway | Best suited for eCommerce businesses

    Offshore payment gateway | Best suited for eCommerce businesses

    33191

    Posted : 10 months ago

    Credit Card Processing: Accept Online Payments Securely

    Credit Card Processing: Accept Online Payments Securely

    33390

    Posted : 10 months ago

    A quick guide to eCommerce Payment Gateway

    A quick guide to eCommerce Payment Gateway

    33353

    Posted : 10 months ago

    High-Risk Payment Gateway | Best Payment Services

    High-Risk Payment Gateway | Best Payment Services

    33242

    Posted : 10 months ago

    High-Risk Payment Processors | Everything You Need To Know

    High-Risk Payment Processors | Everything You Need To Know

    34452

    Posted : 11 months ago

Recent Article Posted on Hozpitality


    Make Your Heart Skip a Beat at Rixos Premium Dubai

    Make Your Heart Skip a Beat at Rixos Premium Dubai

    303

    Posted : 12 hours ago

    Ahmed Elnawawy Joins Rixos Bab Al Bahr

    Ahmed Elnawawy Joins Rixos Bab Al Bahr

    961

    Posted : 1 day ago

    Marriott Bonvoy: Fitness on Demand

    Marriott Bonvoy: Fitness on Demand

    830

    Posted : 2 days ago

    Mike Getachew to Represent RHG Concierges at UICH

    Mike Getachew to Represent RHG Concierges at UICH

    816

    Posted : 2 days ago

    Chill Out with an Amazing Hotelier Night Offer

    Chill Out with an Amazing Hotelier Night Offer

    978

    Posted : 2 days ago

    Sayaji Hotels Group enters India Book of Records

    Sayaji Hotels Group enters India Book of Records

    977

    Posted : 2 days ago

Register On Hozpitality FREE REGISTRATION!
Please Enter OTP received on email!
Highrisk Gateways Profile Picture

Almost done, Last step is to verify your email.

This will help us keep you updated about your application status.

Type in the code we sent to your email.

Close

Enter your email to login with your existing Hozpitality profile, or to create a new one.


Forgot Password?
Close
Profile Picture
cover-picture

Rate: Highrisk Gateways

Write a Review 5.0 1 Review(s)
Aashif Shaikh
Aashif Shaikh
Digital Marketing Manager - Hozpitality Group

Mumbai, United Arab Emirates UAE

 

Report this User

Important!

Are you sure that you want to remove this member from your Team-mate List?

New member was successfully added to your Team-mate list!

Crop your avatar

Highrisk Gateways

You are not logged in to review this page, Please login and try again.

  • Institutes
  • Companies
  • Suppliers
  • For Companies
    Post Job Search Candidates Create a Company Page Post articles
    Packages Marketplace Networking Advertising with us Feature Yourself Business Solution FAQs
  • For Professional
    Create a Profile Post articles
    Marketplace Networking Advertising with us CV Design Career Resources Job Alert Feature Yourself FAQs
  • For Institute
    Post a Course Create New Page Post articles
    Packages Advance Filter Networking Advertising with us Feature Yourself Business Solution FAQs
  • For Job Seeker
    Search For Job Search Companies Create a Profile CV Design Career Resources Latest News Networking Feature Yourself
  • For Student
    Search a Course Search Institute Create a Profile CV Design Career Resources Latest News Networking Feature Yourself FAQs
  • For Suppliers
    Sell Product Create New Page Marketplace Packages Networking Advertising with us Feature Yourself Business Solution FAQs
  • For Partners
  • Packages
  • About Us
    Resources About Privacy Terms Blogs News Room Acceptable Use Policy Hozpitality Canada Hozpitality UK Hozpitality India Hozpitality Australia FAQs
  • Contact Us
  • Hozpitality Group Facebook Profile Hozpitality Group youtube Profile Hozpitality Group instagram Profile Hozpitality Group linkedin Profile Hozpitality Group twitter Profile Hozpitality Group tiktok Profile Hozpitality Group Profile