High Risk Merchant Account Guide for 2015

There are many hard-working small business owners who unfortunately find it difficult to get a high risk merchant account for credit card processing. The good news is, even if you have a business considered to be high risk there are a lot companies competing for your business! Here are a few:

Payline Data: They’ve been in business for a while and they have solid pricing plans. Note their price guarantee: “we guarantee you will get the best price and if we can’t beat your current rates we will pay you $500.” They have no application fee and offer no obligation quotes, so they’re worth a look.

Instabill: They offer, in their words, “fees as low as 2.2% for high-risk merchants”, though note that the 2.2% is probably an extreme case–expect to pay higher. You can apply online without an application fee.

BillPro: They’ve been around 25 years, which is a good track record in this business. As per their website, if your business is gaming or online auction, their specialists have seen it before. Applications will usually be approved in 24 hours. If you check their rates page, you’ll see that the high risk merchants–like the online gaming and dating sites–will have rates around 3.5%.

National Merchant Association: They, too, offer 24-hour approval of merchant processing accounts and boast a history of working with risker businesses. They’re probably worth a look if you’re shopping around for accounts.

Guardian Data Systems: They offer many services to high risk merchants. As per their website:

• Credit card processing for all major card brands.
• 3D Secure processing for added fraud prevention.
• Domestic, Offshore, and international processing options
• Chargeback Prevention programs which can eliminate up to 65% of chargebacks!
• Flexible PCI-compliant payment gateway
  • Payment processing in more than 160 currencies and settlement in 15 major currencies.
  • Lowest Rates Guaranteed
  • Global bank direct accounts use your own account and descriptor.
  • Guardian Data Systems employs a security team to monitor all high risk merchant account transactions, significantly reducing chargebacks.