For businesses operating in high-risk industries, securing a high risk merchant account is crucial for processing payments safely and without disruptions. Whether you’re in the CBD, travel, adult entertainment, or online gambling industries, choosing the right payment processor can make all the difference. This guide reviews the top 5 high-risk merchant account providers, helping you navigate the options and find the best fit for your business needs.
1. PayKings: A Reliable Option for High Risk Industries
PayKings has established itself as one of the top high-risk merchant account providers, particularly for businesses in industries like CBD, credit repair, nutraceuticals, and online gaming. They specialize in working with businesses that often face difficulty securing payment processing solutions elsewhere.
- Features: PayKings offers fraud protection tools, customizable payment gateways, and a dedicated account manager.
- Industries Supported: Adult entertainment, online dating, nutraceuticals, subscription services, and more.
- Benefits: Their fast approval process and high approval rate make them a strong option for businesses that need to secure payment processing quickly.
- Fees: Competitive rates with transparency in pricing, though costs can vary based on industry and risk profile.
PayKings stands out for its personalized customer support and extensive experience working with high-risk businesses. With a variety of payment gateway options and a focus on reducing chargeback risks, they offer a reliable solution for companies facing higher financial risk.
2. Durango Merchant Services: Ideal for International High-Risk Businesses
Durango Merchant Services is well-regarded for its ability to support international high-risk businesses. Their services are tailored for businesses in high-risk categories such as online pharmaceuticals, firearms, travel, and cryptocurrency.
- Features: Durango offers multi-currency support, chargeback management tools, and fraud protection services to help minimize payment processing issues.
- Industries Supported: Travel, adult entertainment, high-volume eCommerce, and international merchants.
- Benefits: Businesses can accept payments from customers worldwide, making Durango ideal for those with international operations.
- Fees: Rates are determined based on the industry and risk level but are considered competitive for high-risk businesses.
Durango’s wide range of international payment solutions and chargeback protection services make it an excellent choice for businesses looking to expand globally while managing risk effectively.
3. SMB Global: Specializing in High-Risk and Offshore Accounts
SMB Global is a trusted provider for businesses that require both high-risk and offshore merchant accounts. They have extensive experience working with eCommerce, tech support, and subscription-based businesses. SMB Global’s offshore account options are ideal for businesses that operate in multiple countries and require flexibility.
- Features: They provide offshore merchant accounts, multi-currency processing, and fraud prevention services.
- Industries Supported: Tech support, travel, CBD, and vape industries.
- Benefits: Their offshore account services give businesses the ability to operate seamlessly across different countries, with support for high-risk industries.
- Fees: Higher than standard accounts, but inline with most high-risk merchant providers, with flexible options based on the business’s needs.
SMB Global is a strong choice for businesses looking for offshore payment processing solutions, with solid support for recurring billing and industries like tech support or travel.
4. eMerchantBroker: Best for Chargeback Protection
eMerchantBroker (EMB) is well-known for its high-risk merchant accounts and industry-leading chargeback protection services. They offer merchant accounts for a wide range of high-risk industries, including online gambling, adult services, credit repair, and debt collection.
- Features: EMB offers chargeback prevention tools, fraud detection software, and an easy-to-use payment gateway.
- Industries Supported: Credit repair, online gambling, debt collection, adult entertainment, and subscription services.
- Benefits: Their chargeback protection suite and high approval rates make them a top choice for businesses prone to frequent disputes.
- Fees: Fees are higher than standard accounts due to the focus on high-risk industries and chargeback prevention services.
EMB’s focus on chargeback management makes it a top contender for businesses that regularly face chargebacks. Their easy setup process and wide range of supported industries make them a versatile option for various high-risk categories.
5. Host Merchant Services: An Affordable Option for High-Risk Merchants
Host Merchant Services offers an affordable option for high-risk businesses. They have a reputation for providing transparent pricing and excellent customer service, making them ideal for small- to medium-sized businesses in high-risk categories like vape products, nutraceuticals, and tech support.
- Features: Fraud detection, PCI-compliant payment gateways, and secure payment processing solutions.
- Industries Supported: Vape products, nutraceuticals, tech support, and telemedicine.
- Benefits: Host Merchant Services is known for offering competitive pricing, making it a budget-friendly choice for businesses in high-risk industries.
- Fees: Lower fees compared to some high-risk providers, with transparent pricing and no hidden charges.
Host Merchant Services is a great choice for businesses seeking cost-effective payment processing while still receiving robust fraud protection and excellent customer support.