Best high risk payment processing companies
Many companies offer payment processing services for high-risk businesses. These companies can help reduce the likelihood of nonpayment, chargeback, and fraud. Special programs are available for merchants in different industries, such as adult entertainment or travel/hospitality– tailored to meet the unique needs of every merchant’s industry of operation, such as the risk factors.
The following are some of the best companies that offer high-risk payment processing services for those merchants who wish to reduce the likelihood of nonpayment, chargeback, and fraud in their businesses. “High-risk payment processing services help reduce the likelihood of nonpayment, chargeback, and fraud.”
Be sure to check with your provider before switching to ensure a smooth transition and minimize any service disruption.
1) Plimus:
Offers services for high-risk merchants and businesses worldwide, including the US, UK, Canada, Europe, and Australia. They accept over 100 currencies from more than 200 countries around the world.
2) Industry Cred:
Provides services in the United States, Canada, and New Zealand. They allow customers to choose their own payment gateway or use one of their secure gateways. Their customer service is available 24/7, 365 days a year, for any issues that arise.
3) Kart Data Processing Inc.:
Provides solutions to high-risk merchants globally. They offer services in more than 200 countries and can accept over 140 currencies worldwide using their e-commerce payment gateway.
4) Merchant Advance Capital:
Provides services for high-risk businesses globally in the United States, Canada, Australia, and New Zealand. Customers have access to various plans offering daily or monthly payments as well as custom payment schedules.
5) Express Payment Systems:
Provides processing services in more than 200 countries and offers over 100 currencies. They also offer custom payment plans that can be tailored to meet a merchant’s unique needs.
6) Merchant Cash and Capital:
Provides high-risk merchants with custom-tailored options, such as the ability to set up daily or monthly payment schedules with different levels of funding. They offer global coverage and accept over 100 currencies worldwide.
In addition to using a traditional bank check, merchants can choose from several other convenient methods to receive their funds, including ACH (Automated Clearing House) transfer into the merchant’s checking account or wire transfers into their personal bank accounts.
7) Merchant Accounts:
This company offers various programs tailored to meet the unique needs of every merchant’s industry, including high-risk businesses. Business owners can choose from daily or monthly invoicing options, and they can select different funding plans as well.
8) Affirm:
Provides services for high-risk businesses in the US only. They offer various payment options, including ACH, wire transfer, and personal bank account deposits. Their representatives can advise merchants on the best option to choose based on their personal business needs.
9) Merchant Solutions:
Provides services for high-risk businesses in the US, UK, and Canada. They offer many different payment processing options such as ACH, wire transfer, and check deposit.
10) WorldPay:
Offers service to high-risk merchants globally in the US, Europe, Asia Pacific, and Latin America. They allow the acceptance of more than 100 currencies worldwide with global coverage (more than 200 countries).
They offer a variety of payment options, including ACH, wire transfer, and credit card processing. Their merchant account managers are available 24/7 to answer any questions merchants may have about their payment processing service.
11) World Financial Group (WFG):
Provides services to high-risk merchants that include business and personal loans, money transfers, check to cash, and prepaid debit cards. Their representatives can advise clients on the best options for their specific needs.
12) First International Merchant Solutions:
Provides services for high-risk businesses in the United States. They offer daily or monthly payment plans depending on each merchant’s needs, and they have 24/7 customer service available for all customers.
13) Global Payments, Inc.:
This company offers services for high-risk businesses in the US only. They offer daily or monthly payment plans based on each business’s needs. Their customer support is available around the clock, every day.
14) Bill:
This company provides services for high-risk businesses in the US, Canada, Europe, and the Asia Pacific. They offer various payment processing options, such as ACH transfers into personal bank accounts or debit card payments via e-wallet systems. Their representatives can work with merchants to determine which method is best for their business.
15) AloMerchant:
Provides services for high-risk businesses in the US only. They offer monthly invoicing and different funding options, including ACH transfer into personal bank accounts or issuing company checks.
Conclusion:
There are many high-risk payment processing companies online offering services that can benefit businesses in need of assistance.
The companies in this list are some of the best high-risk payment processing services available to online business owners. Each one can provide a range of different solutions for businesses that need help with their payments.
It is best to research each company individually and compare their prices to find one that will work best for your needs.
High-risk payment processing services help reduce the likelihood of nonpayment, chargeback, and fraud. They also help the business owner stay in compliance with regulations. However, it is important to note that not all companies provide services for high-risk businesses, and even if they do, some may still have a stricter approval process than others. In addition, payment processing fees vary depending on each company’s specific terms and conditions.
