Every business needs a payment gateway to process its transactions effortlessly. But, while talking in terms of a high-risk industry, an ordinary payment gateway may not work appropriately for your business. We should accept the fact that a high-risk sector needs a high-risk payment processor. In this scenario, a high-risk merchant account comes as a merchant solution, which facilitates merchants with the high-risk payment processor.
But the question arises here, what is a high-risk merchant account?
Example of the high-risk industries:
- Online Dating Industry
- Multi-level marketing
- Adult industry
- Software industry
- Forex industry
- IPTV industry
- Others
The feature you get with high-risk merchant account:
- Dedicated MID
- High-risk payment gateway
- Multi-channel processing
- Multiple payment methods
- Coinage solution
- Offshore merchant account
- PCI-DSS Level 1 compliance
- Anti-fraud tools
- Chargeback management
- Reliable customer support 24*7
You will get several high-risk merchant account providers in the industry. Let’s have a look at a few:
1 – Amald: Amald is a payment service provider in the industry for a long time. The company offers merchant account service across the globe. It provides you with a high-risk merchant account service along with a high-risk payment gateway.
Features it offers:
- Easy integration
- Multiple payment gateways
- Virtual terminal
- Offers offshore merchant account
2 – Clickzep: Clickzep is a well-known payment processing service provider in the market. It offers services to high-risk industries. Merchant can easily get high-risk merchant account service with Clickzep. It follows the trend and provides a high-risk payment gateway integration with your website.
Feature it offers:
- Fast approval
- Quick payment processing
- Multi-currency processing
- Real-time payment processing
3 – Highriskgateways: Like its name, it provides payment gateway service to the industries involved in high-risk businesses. It makes it more suitable for you to get instant approval for high-risk merchant account service with their expert team. Feature-packed payment gateway integration with the website makes it more effortless for you to make your processing your payouts.
Features it offers:
- Dedicated MID
- PCI-DSS Level 1 compliance
- International payment processing
- Credit card processing
4 – Paykings: With the purpose of making payment processing hassle-free for high-risk merchants, Paykings supports merchants in getting approval for the high-risk merchant account. With its payment gateway, merchants get a secure and safe environment to process the payment.
- International merchant account
- Easy & hassle-free integration
- Date security
- ACH payment processing
5 – PayU – Merchants looking for a high-risk merchant account can give a pause to their research at Payu. It is the right choice for the merchant to get a high-risk payment processor. Merchants get facilitated with all the services they require to run their business appropriately.
Features it offers:
- Secure processing
- Mobile responsive integration
- Professional assistance
- Multi-currency processing
Conclusion
Make a note first about your business requirement. It will help you a lot while choosing the correct payment gateway for any business.
With a correct merchant account, you can smoothen your payment processing. A merchant account facilitates the ability to process card payments. You can allow your customers to make payment via debit card and credit card.
I hope this article will make it easy to select an adequate High-Risk Merchant Account provider for your business.