WebOct 26, 2024 · What is a High-Risk Merchant Account? A high-risk merchant account is a payment processing account for firms that banks regard to be high-risk. Because high … WebAn in-house team fully capable of taking care of your needs. Unsurpassed customer service spearheaded by our merchant services consultants. Reliable payment processing products backed by 24/7 customer support. …
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WebFeb 22, 2024 · If your business is high-risk, then you could be paying closer to 3.95% + $0.25 per transaction. Note: Check out our complete guide on high-risk merchant account fees for what to expect as a high-risk merchant. Fees of Common payment service providers: Stripe’s fees average at 2.95 percent + $0.25 per transaction WebFeb 14, 2024 · A high-risk designation arises due to certain circumstances that affect a business, not necessarily the type of business it is. Credit card companies (VISA, Mastercard, etc.) are the entities that determine whether or not a merchant is high-risk. They then monitor those businesses via a four-digit Merchant Category Code (MCC). WebOct 26, 2024 · Ways to Get Instant Approval for High-Risk Merchant Account. 1. Maintain a good credit score. Before applying for a merchant account, remove any previous bankruptcies, delayed payments, or liens from your credit file. Contact a credit reporting agency or a firm that manages consolidated credit reports from key reporting agencies to … crystal drop earrings oversized lavender