1. This could either be in the form of transaction volume or add-ons. eMerchantBroker (EMB): EMB stands out as another leading high-risk and one of the best merchant account services provider in 2023. Guide You. In simplest terms, a merchant account allows your business to accept different kinds of payments – usually credit card payments, but also online, mail or even telephonic transactions. In the mid-1980s, there were 135 ATM and 35 debit regional bank-owned networks. 25/keyed-in transaction (volume discounts available) Best all-around virtual terminal. We can help you set up a payment gateway and merchant account that will work for your business type. Leverage Zen Payments’ network of over 15 direct bank and processor relationships to find the best long-term home for your merchant account. 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. For businesses that need a high-risk merchant account, make sure you consider PaymentCloud, or if you have a high volume of transactions, Payment Depot might be. , payment gateways specifically for gambling), or indirect providers, publishers or marketplaces that require. Tags: Articles Credit and Debit Card Payments EMB solutions high risk merchant account offshore merchant account Offshore Payment Processing Processing. They know exactly what it takes to get these accounts approved. We accept all types of companies including: Travel, Credit. Shopify: Best for. Here are the major differences between low risk and high risk merchant accounts. PayKings is the preferred adult merchant account provider in the adult industry. 30% + 10¢ per online and in-person transaction versus Clover’s 2. 1. net, give you access to information regarding your new account. There are many United States merchant account providers that specialize in high-risk businesses and will ensure your account stays open despite the risk of chargebacks, processing volume, and more. A high-risk business is a business that has certain unique credit card challenges that are specific to how it processes payments. Our commitment to beating competitor rates, dedicated customer service, and thorough rate review. If you have no merchant account, there is no way to be paid for your digital transactions. Not all merchant services providers require a merchant account. Credit Card Processing Services. Another provider might specialize in gambling, but not take on any other high risk. The top processors are determined based on competitive rates, etc. The provider may approve riskier applications but at a higher fee. 5% plus the interchange rate. Low Industry Rates. Amex also has other fees such as credit card purchase fee (1%), late transaction processing fees ($35 each), declined authorization service charges ($15 each). net, give you access to information regarding your new account. There is a reason why High Risk Merchant Solutions has been in business for nearly a decade and remains an industry leader in high risk merchant account processing. Therefore, traditional payment processors classify these businesses as high risk based on criteria such as transaction size, industry, sales model. If you are searching, ‘offshore merchant account high risk’ on Google, this blog is for you. They are made for merchants whose practices are may result in. The industries that possess this account are Adult Industry, Travel, Forex trading business, Multilevel Marketing. Payment Savvy is a leading High Risk merchant account provider. A quality merchant account provider will work with high-risk merchants to manage liabilities and process payments without penalties. We specialize in providing merchant account and high-risk merchant accounts. There are several ways this service can enhance your profits while ensuring your customers get quality support for payments. $20 for online sales. Though there are large-sized dropshippers that charge monthly or annual subscriptions, there are some that offer free trials and/or apply small fees to products that are shipped to customers. However, for a high-risk merchant account, this could go up to 1. High-Risk Merchant Accounts Shark Processing is a distinguished leader in the realm of high-risk merchant accounts, serving clients since 2016. Doing business in countries with a high level of fraud. Fees also vary by provider and in most cases, pricing is set individually for every merchant. High-risk merchant accounts sometimes come with challenges, including: Higher merchant fees. Stax: Best for Subscription Pricing. ACH Payment Processing; Merchant services first data;If you are considering a high-risk merchant account, it's essential to research multiple providers, compare their fees and services, read reviews from other merchants, and ensure they have a track record of reliable service and support. But, there’s no stress of account closure. Exclusive Promo: PaymentCloud will give you $200 if. Our. 2Checkout bases its pricing on a pay-as-you-go model — you’ll pay per transaction, but there are no monthly or annual account fees or early termination fees for closing your account. View our rankings of the best high risk merchant account providers for nutraceuticals. This agreement allows a business to accept credit cards and debit cards, along with other forms of payment. 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 labeled as a high-risk business by a previous processor or payment service provider. With their industry-specific expertise, customizable payment solutions, and competitive pricing, National Processing offers a reliable and secure payment processing service that meets the unique needs of high risk merchants. The top processors are determined based on competitive rates, etc. As a high risk merchant account, finding a payment processor who will partner with you is tricky but not impossible. Don’t choose the first high risk merchant account provider that pops up in an online search. High-risk payment processors provide merchant accounts and payment processing services to merchants that operate in high-risk industries. The Problems For High-Risk Merchants. There are more than 325 million active PayPal users across the world. These accounts come with higher fees due to the increased. ProMerchant: Best for High-Risk Businesses. February 19, 2023. Best for businesses that want a wide variety of terminals and POS systems. An ideal high-risk payment gateway provider supports multiple payment methods and currencies, which allows merchants to expand globally. 3) Main Steps for Approval. Adult entertainment merchants are considered high risk by most banks. PaymentUSA has a proven track record of backing merchants that choose us. The Best Merchant Account Service Providers of 2023. Since we process hundreds of millions in high risk volume every month, we have the experience to support high risk businesses nationwide. We have a new relationship with one of the leading high risk payment gateways, PaymentSphere. Many of its features are identical to a regular merchant account. Corepay is a newly established merchant account provider that accepts both low-risk and high-risk merchants. High-risk merchants are businesses with a higher vulnerability to chargeback or fraud. Our typical turn-around time is 3-5 business days. Now, over 40 million people in the US alone own one of the latter two devices, and that doesn’t count the people voice searching on their. Without a high-risk merchant account, ecommerce businesses eventually may face the risk of. The MATCH list is a blacklist that prevents merchants with excessive chargebacks and high-risk accounts from opening an account with another credit card processor. Contract Many payment processors offer month-to-month contracts with no termination fees. Selling CBD is perfectly legal in the United States. They provide flexible pricing options, fraud prevention tools, and excellent customer support. A high risk merchant account is a payment processing account for high risk categorized businesses by the acquiring banks and the credit card companies. Through new business ventures, you’ll have the opportunity to develop your company and strengthen your brand. Ikajo. . Moonlight Payments Overview. SMB Global: Best for Ultra High-Risk Merchants. Our commitment to beating competitor rates, dedicated customer service, and thorough rate review. We have high risk accounts for businesses that have a high-risk processing volume of $20,000 – $100,000, 000 plus per month. Therefore it is best to check with that particular provider. PaymentCloud – Best for high-risk merchants. Some of the documentation you should be expected to submit as part of a WooCommerce application include details about your business’s sales volume and. All the above-mentioned. Best for online and international sellers: Durango Merchant Services. 2Sell: 3. . With the recommendations on our list, you can eliminate a lot of the guesswork and avoid toxic high-risk payment providers. View Website. Service providers offering High-Risk Merchant. But high-risk businesses may be tied to long-term contracts (2-3 years). The PayKings team has high risk merchant accounts for businesses with high risk payment processing volumes of $20,000-$100,000,000+ per month. Let us handle your high risk merchant services today. High-risk merchant accounts attract more stringent conditionalities than regular merchant accounts and are more expensive to manage. Chargeback protection. PayPal: Best for occasional sellers and small merchants selling on marketplaces. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. 25% to 2. In many cases, you’ll need to sign a longer contract and keep a larger cash reserve. Long on experience: Instabill has been finding high risk merchant account. Define your project needs. Alipay is a reliable high-risk merchant account provider that offers tailored payment processing solutions for businesses in various high-risk industries. It also offers a free payment processing account and a small ticket program for micro-businesses. Host Merchant Services. Consider the terms when you budget. Tiered pricing usually offered to bad credit merchants. net: Best for B2B transactions. ” Shopify Holds Funds: Merchants frequently complain about their funds being withheld in reserve, but this is standard practice if an account has an elevated. 5% + $0. Recognizing the challenges faced by companies with less-than-stellar credit histories, Moonlight offers a compassionate approach, paired with expert knowledge in. Popular Countries:. What is a high-risk Authorize. Thankfully, various high risk merchant account providers in usa specialize in serving companies outside the traditional lending criteria. Leverage Zen Payments’ network of over 15 direct bank and processor relationships to find the best long-term home for your merchant account. See more about High Risk Merchant processing With approval turnaround time. High Risk Pay are specialists in providing payment solutions for credit repair companies. American Merchant Systems (represents 25+ different processing sources (US based banks, domestic banks, domestic merchant accounts, offshore banks, offshore merchant accounts, third party processing, ACH Check Processors, check guarantee services, check conversion services, and ATM machines. These. A high-risk merchant account is a business account or merchant account that allows the business to accept credit cards though they are considered risky by the banks and credit card processors. As you might expect, the processing charges for a traditional merchant account are lower than a high-risk international merchant account. Merchant account fees. Historically, merchants in high-risk categories have had few options for payments. High volume solutions: load balancing gateways and multiple MIDS. A lot of merchant account providers don't accept high-risk merchants. Reply. PaymentCloud does offer traditional merchant services in addition to high-risk account services. Hillcrest Drive Suite 209 Thousand Oaks, CA 91362. High Risk Pay offers merchant accounts to the e-commerce businesses that can’t open a credit card processing account with a low-risk provider. PayPal: Best for occasional sellers. High-risk merchants feel safe, covered, and cared for with a Seamless merchant account. 2Monetize: 6. Get in Touch. With over 20 international and. Flagship Merchant Services – Best for exceptional support. Looking for High Risk Merchant Account Providers in USA? Elmore Merchant Services provides High Risk Merchant Account in USA. We are one of the best high risk merchant service providers in U. One example of a possible chargeback situation in a travel agency is if a customer books an international travel tour one year in advance, and is charged upfront for the costs through a credit card. High Risk Merchant Accounts are accounts that are set up by specialist financial institutions to provide credit card processing services to those business types that fall under certain high risk business categories. Close. 1. Helcim: No monthly account fee. Like most high-risk merchant account providers, PaymentCloud is not a direct processor. General characteristics of a low risk merchant account. If you’re looking for the most affordable option, PayPal is a great choice. 2Checkout bases its pricing on a pay-as-you-go model — you’ll pay per transaction, but there are no monthly or annual account fees or early termination fees for closing your account. Authorize. With a 98% approval rate, we take pride in being able to accept almost every business type, regardless of risk level. Here is a detailed list of merchant. 0 bn market size for 2023 and projected growth of 1. A high-risk business is prone to excessive refunds or chargebacks, takes parts in risky business practices, or sells products that are part of a high-risk industry. Most merchant account providers also offer payment processing. For providers that offer high-risk merchant accounts, a detailed application process is routinely involved. Let’s say a customer wants to pay for a merchant’s products or services with a credit card. For this reason, high -risk accounts require a unique personal identification. 0% + $0. With us, you do not have to pay high account fees as we know the challenges of running a business and are invested in being the partner you can count on for all your payment processing needs. We understand the unique challenges of your business and can provide you with the right merchant account that will meet all your needs. 5% minus the interchange rate. 805. 1. BankCard USA has offered high-risk merchant accounts since 1993. To start, just because a payment processor says they offer high risk merchant accounts doesn’t mean they work with every type of high risk merchant. Chargebacks; eCheck +1 (888) 218-4818 Get Started Let's Talk. Providers assess risk based on criteria such as processing payments in multiple currencies, high transaction volumes, subscription billing models, or operating. 1. Our high risk payment gateway. This solution is ideal for industries such as peptides, adult/emotional content, online gambling, pharmaceuticals, kratom and many others. Ensure that you choose a high-risk eCommerce merchant account provider that offers you a PCI-DSS endorsed certified payment gateway and the latest anti-fraud technology. Step 2: Submit the required documentation. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Merchant account service providers determine which businesses fall into this category. Clover: Best for POS. Typically, a merchant account for credit repair is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. When it comes to the application process, applying for a high-risk merchant account is quite easy. Popular Countries:. When you’re taking high value, high-risk payments every day, you need to make sure your payment provider can keep up. The industries that possess this account are Adult Industry, Travel, Forex trading business, Multilevel Marketing. They offer flexible payment solutions, including ACH and e-check processing, as well as. For example, a provider may have no problem with Adult, but not accept any other high risk. No matter you’re a new business or the owner of top adult websites, you can get a secure and low-cost adult merchant account if you turn to EMB. Thus, high-risk merchant account helps merchants considered high risk to accept debit and credit card transactions. PayOp is a payment aggregator for various business types. Fees for merchant services vary by provider, pricing model, and payment location and method. First Card Payments offers high-risk merchant accounts and credit card processing. . High-risk merchant category refers to the industries or types of businesses considered to have a higher level of risk by financial institutions, payment processors, and acquiring banks. Some exploit the high risk tag and charge higher rates and larger reserves than they need to. in-person; 2. Low, Medium And High-Risk Accounts. High Risk Payment Gateway. Since we process hundreds of millions in high risk volume every month, we have the experience to support high risk businesses nationwide. Net account? The term “high-risk Authorize. High-risk merchant accounts may provide access to advanced fraud prevention and risk management tools to help mitigate potential fraudulent activities and reduce chargeback rates. The following are five critical things you want from your CBD merchant account provider; The high-risk merchant account providers in the USA provide fast and secure payment processing, fraud prevention measures, and chargeback management services, among others. Some of the documentation you should be expected to submit as part of a WooCommerce application include details about your business’s sales. Online merchant accounts for small businesses have a unique objective: save costs and build revenue. The advantages of having a high-risk merchant account in the USA. ). Read Review; ProMerchant. Leaders Merchant Services: Best for Established Businesses 4. With a 98% approval rate, we take pride in being able to accept almost every business type, regardless of risk level. BankCard USA takes a different approach. High risk merchant account providers offer a lifeline to industries that face difficulties in securing payment processing solutions. EMB is voted the #1 high risk merchant account provider in the US and has an A+ rating with the BBB. Call us on (+44) 20 32862655 to get approvals, pre-approvals & expert advice. Posted in high risk. PaymentUSA offers a wide range of Merchant Account Services for making your transactions quick and easy! Start accepting credit cards today!. Every provider has a different set of criteria for high-risk merchant accounts. Top 6 High-Risk Merchant Account USA Industries Who are High-Risk Merchants? High-Risk Account USA vs Regular Merchant Accounts What Makes a. 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. With Instabill, adult entertainment merchants can find the processing opportunities they need to run their business. PayOp. But, they vary from processor to processor and your cash flow is important, so you’ll want to negotiate against the merchant reserve if possible. contacting Shark Processing to explore their offerings and determine the best solution. If your business is classified as high risk, you want to make sure that you have the best high risk merchant account provider to help you run your company. Instabill provides reliable, cost-effective merchant services that help e-commerce, retail and MOTO businesses succeed and thrive. ”Chargeback” refers to situations when credit card companies make a refund back to a customer based on request. Claim your card reader. Get your Retail or Internet Ecommerce Business APPROVED for a merchant account. Monthly fee: $10 for in-person sales. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. A high risk merchant account is a specialized payment processing account designed for businesses that operate in industries with a higher risk of chargebacks or fraud than traditional businesses. There are many United States merchant account providers that specialize in high-risk businesses and will ensure your account stays open despite the risk of chargebacks,. In other cases, Shopify has revoked payment services because the business was deemed “high-risk. The following high risk business includes adult industry, bankruptcy, poor and bad credit, sports betting, gambling and casino industry, travel agencies, imitation of leading products, tobacco, night clubs, bars, offshore account providers, credit card companies, supplement and online pharmacies. 3. Supported industries: Adult services, CBD, online dating, vape sales. Merchants in need of adult merchant accounts should turn to a merchant services provider which specializes in high risk businesses. 9% this year. Stripe: Best overall international merchant account for small businesses. No. Internet. Online gaming is a big market that’s only continuing to grow, and more merchant account underwriters and banks are adapting their standards to accommodate it. 2Subscribe: 4. The merchant account provider charges high-risk merchant accounts higher fees to cover chargebacks. While high-risk payment processors are generally offering the same types of services as regular processors, they often also include: Higher processing rates. Payline Data: Best for subscription-based businesses. High risk merchant accounts are designed to accommodate businesses that are financially unpredictable, prone to chargebacks or pose a certain degree of potential loss to merchant service providers and banks. Edition: United States. Call Us Today (818)-825-7938 info@premieronepayments. What this tells us then is that card payments are becoming more and more relevant for most business types. Finding the right merchant account provider can be challenging, especially for high-risk merchants. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. When it comes to. 5% + $0. A high-risk industry is defined by its likelihood to introduce more operational, regulatory, and reputational risk exposure. Fraud occurs when someone makes a. Traditional merchant account providers will often end up canceling the accounts of a high-risk business or not approving them in the first place. With regulations on payment processing getting more strict, you will need a solution you can rely on. com can help you get your business the proper credit card processing account. We know what it takes for you to succeed. National Processing. So, don't waste time applying with the wrong provider. 6% plus 10¢ per transaction. Payment Depot Merchant Services. Join us as we delve deeper into the world of direct marketing merchant accounts. Currently, consumers’ most preferred payment methods are credit and debit cards. Best high risk merchant accounts at a glance. PaymentCloud. The company offers payment processing services for more than 170 countries with 300+ payment methods, including local acquiring. It acts as legal permission to accept credit card payments online. These providers. If you are applying for a second. 3% above the rate of interchange. Approval can be obtained in four hours, and funds will be moved into your. Instabill is one of the industry’s leading high risk merchant account providers worldwide. It doesn't have to be. 10 per transaction. 75% per transaction). List Of Merchant Account Providers. Like traditional merchant accounts, it allows merchants to process credit cards, debit cards, and other payments from customers. Treati. Furthermore, if the merchant sells tangible products, the merchant must have a supplier agreement. Blue Sky Peptide is a few example of successful e-businesses in the peptide industry with active merchant accounts. Helcim : Best All-in-One Platform. For some, this is because Shopify Payments is unavailable in their country. The system reads and transfers the payment information into your merchant bank account within seconds. CCnetPay United States Division Write A Review Benjamin Velner 44 20 7566 3935 Visit Website 2007 $4 Million 21 54 87 LDurango Merchant Services is a high risk merchant account provider that specializes in businesses such as CBD, nutraceuticals, and e-commerce. You don’t want to lose another sale all because your business doesn’t accept credit cards, and if you apply today, you will be able to receive a retail credit card terminal. Merchant One: Best for easy merchant. When you begin processing with Instabill, you will benefit from accepting a wide range of processing options. Our podcast explores the fast-changing world of payments and fintech through interviews with thought leaders around the world. 50% + $0. Close. Usually, the processing fees for a standard merchant account are charged at 0. Again, adult entertainment account and payment processing rates fluctuate with season. Finally! A quick and easy way to find a merchant service provider for high risk accounts! When you work with us, you can expect 5 star service that delivers the results you need. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. Please give me a call if we can be of further assistance @ 1-877 493-4622. in-person; 2. If your business is struggling with poor credit, you’ve likely been turned down for a merchant account by your standard, low-risk provider — but don’t worry. Instabill offers fast approvals and will guide you through each step of our merchant account application process. They are: In our expert evaluation, we found that the seven best international merchant accounts for 2023 are: Stripe: Best overall international merchant account for small businesses. Our gateway partners like NMI and Authorize. A high-risk merchant account is a business account that is mainly designed for businesses that have an excessive risk of chargebacks, fraud, or legal compliance. High Risk Pay stands out in the high-volume merchant account and payment processing sector by offering specialized services for businesses requiring high-risk merchant accounts. What is a high-risk merchant account? [A high-risk merchant account is a business account or merchant account that allows the business to accept credit cards though they are considered risky by the banks and credit card processors. Friendly Client Support. View our rankings of the best high risk merchant account providers for adult industry. Host Merchant Services may help your business grow as a merchant account provider. In the United States, overall household debt increased by 11% in the last 10 years, according to a 2016 credit card. However, having an offshore account has many benefits. PaymentCloud: Best For Free Credit Card Terminal. Signature Payments has been providing high-risk merchant accounts to businesses for over 25 years. 1. [1] Statista. This pricing is very good in the high-risk processing world. A high-risk merchant account provider is a company that specializes in providing merchant accounts to businesses with higher risk profiles. No. Increased Sales: One of the biggest advantages of having an E-commerce merchant account is the ability to accept online payments. 1. In our evaluation, HMS scored a respectable 3. They appear here in. Specialized high-risk payment processors are the best option to guide merchants through the challenges of growing a high risk business. Your application for a High Risk Merchant Account will be. The right processor supports your sales channels and offers pricing transparency. Contract Many payment processors offer month-to-month contracts with no termination fees. 5% + $0. Stax is a great option for established small businesses with high annual revenues. No application or setup fees. For small-business owners in search of a payment processor that offers high-risk merchant accounts, NerdWallet has compiled a list of the best payment. EMB is voted the #1 high risk payment. PaymentCloud: Best For Free Credit Card Terminal. A low-risk merchant account doesn’t really enable you to experience. , including those in the CBD industry. 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. Our selection criteria evaluate cost, transparency, contract requirements, and features. A high-volume merchant account is a merchant account that is specifically geared towards merchants who have a higher than normal volume. With a solid reputation and years of experience, they offer tailored solutions for businesses in various high-risk industries. Square: Best for point of sale (POS) Payment Depot: Best for flat-rate pricing. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online. Best for online and international sellers: Durango Merchant Services. EMB is an award-winning merchant account provider that boasts an A+ rating with the BBB. For more information about our merchant accounts, call us toll-free at 1-800-318-2713. The merchant account acts as the middleman between the. To lower risk, the merchant account provider may seek address verification. High-risk business or industry: Businesses and industries that MSPs view as having a higher chance of failing financially. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. Including individual transactions and batch totals with comprehensive reporting tools. Find out more about our gift card solution today at 1-800-530-2444. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. Merchant account providers can add their own characteristics to the list, but here are a few that will characterize your business as high-risk: $20,000 or more in monthly sales Credit card. Although some payment servicers are hesitant to work with adult businesses, several providers specialize in high-risk merchant accounts. Chat with us , powered by LiveChatThis blog will explore how high-risk marketers can combat the industry’s common issues of fraud and chargebacks, and how services from a reputable high-risk merchant account provider, like EMB, can offer transparent and secure solutions to these hurdles. Through new business ventures, you’ll have the opportunity to develop your company and strengthen your brand. We work with both domestic US and international high-risk processing. After approving the merchant account, the processor will monitor all activities for suspicious or risky behavior, and if any, contact the merchant for clarification. While the industry has operated without many regulations, the Federal Government has threatened to clamp down with online payments. ) Still, the stakes are high for CBD businesses. To learn more about high-risk payment processing or to sign up for a merchant account, you can visit Charge. Paycron offers flexible low, medium, and high-risk payment processing solutions with no restrictions. 2985 E. The company has a positive reputation for transparent customer service and reliable support. That being said, any business falling under the high-risk category should look for a high-risk merchant account provider right away. Home; Related News & Articles; Services. Our hardworking team is ready to help you right now. “7 Chargeback Statistics Merchants Need to Know. A high volume merchant account is a merchant account specifically tailored to meet the needs of businesses that experience significant credit card transaction volumes that exceed most provider’s. We are committed to helping hard working business owners like you with their payment processing problems. 0. Guide You. MallFine Merchant account providers consider some sectors to be high risk merchant categories, leading to most mainstream services, such as those offered by banks, refusing to deal with businesses within them as a matter of reputations and their luck of ecommerce management. Dharma’s monthly fee is $20 per month. Chat with us , powered by LiveChatA merchant account for a high-risk business tends to be more difficult to obtain, and it typically costs more to maintain. This includes “high-risk” industries such as CBD, firearm sales, kratom, and adult entertainment. A high chargeback ratio means your merchant account provider loses money, too, which can negatively impact your business’s ability to accept credit cards in the future. Like most high-risk merchant account providers, PaymentCloud does not disclose pricing information online. Businesses should expect to pay 2% over the cost of traditional merchant accounts, while also anticipating 18-month contracts. Known for its high approval rates and fast processing services, High Risk Pay is a reliable choice for businesses dealing with high transaction volumes. As long as you only sell legal products and services, Corepay can probably accommodate your business. Offering secure payments at your dispensary is essential. You can go with Dharma. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. But the brand touts itself as one of the merchant service providers that jumped on the cryptocurrency bandwagon before many of its competitors did. Average card transaction is below $500. We feature a hassle-free onboarding process with banks. However, high-risk payment processing is what PaymentCloud is best known for.