The best high risk payment processors are the ones that can work with companies that face a lot of risks. These companies will not hesitate to integrate technological developments into their processes, ensuring that their customers’ payment methods are safe. The top high-risk payment processors will also be able to provide their customers with comprehensive support and help them navigate the increasingly complex world of high risk merchant processing.
PayDiverse
PayDiverse is a payment processor for high risk businesses. They offer comprehensive credit card processing services. The process starts with an application that requires a merchant to fill out an online form and upload the relevant support documents. Once submitted, the application is digitally signed, and the merchant is set up with a payment gateway and chargeback management tools to ensure a secure transaction experience.
In addition to its robust features, PayDiverse has a reputation for fair rates and excellent customer service. Their pricing structure is based on a quote system, and the company doesn’t disclose fees on its website. They work with US-based processors, but they can also set up merchant accounts overseas if needed.
The company is also specialized in getting hard-to-place businesses approved for merchant accounts. Their team will walk you through the application process and will search for the best rates. The process is made easier by a universal online application that integrates with numerous banks. The company also offers a comprehensive suite of payment gateways and high-risk merchant solutions.
Durango
When looking for a payment processor, it is crucial to choose one with a good track record for working with high-risk merchants. Durango is one such company that assigns a dedicated account manager to every merchant. This means that the same person will be handling the account for the duration of its lifetime. This is particularly beneficial for merchants with higher-risk businesses, as these businesses often require greater assistance.
Durango Merchant Services is a high-risk payment processor with over two decades of experience in the industry. The company is a top choice for high-risk online businesses and offers a variety of unique features. One such feature is its support for cryptocurrency processing, which helps merchants expand their customer base and boost sales through this new medium.
Durango is a high-risk payment processor, which means that it can be more costly than a traditional merchant account. However, this is offset by its reputation for excellent customer service. While it is true that dealing with high-risk accounts requires more effort, Durango has an exceptional reputation for providing prompt and helpful customer support.
SMB Global
If you’re a business owner looking for a high-risk payment processing solution, SMB Global may be the right choice for you. The company accepts many types of businesses and offers a comprehensive set of products. They offer free mobile and countertop terminals, payment gateway integration, business loans, and more.
Before signing up for an account, make sure you understand how high the rates will be. You should also know that the company may charge an early termination fee if you choose to cancel your service early. This fee can be quite costly. Additionally, SMB Global does not offer standard processing rates.
SMB Global specializes in high-risk international businesses. They are highly rated by banks. Their high-risk acceptance rate is 98%. Moreover, they have a comprehensive list of approved industries. This includes gambling, the adult industry, nutraceuticals, cannabis products, and coins. They also offer tech support.
