High Risk Merchant Account Overview

If you are a high risk merchant, finding the right payment processor is vital to your business success. You must have payment processing power to blaze ahead and meet your goals. Money flows in. Your business prospers and grows.

Merchant accounts are established with international banks and processors that understand your business. The payment processors have expertise with high volume, high risk merchants. They understand how to help high risk merchants succeed by providing the payment processing required to successfully grow your business.

The minimum monthly processing volume required to apply for a merchant account is $100,000. Once approved, high risk merchants have unlimited processing capacity. Many high risk merchants process millions of dollars per month.

Discount rates on accounts vary based on industry type and of jurisdiction of the merchant bank. Most high risk accounts have reserves. Reserves range from 3-10% depending upon the nature of the business. The reserves are 6-month rolling which means in month 7 the merchant receives reserves from month 1, month 8 from month 2 etc. Discount rates and reserves can be renegotiated after 180 days of processing history.

It is wise for any high volume merchant to establish and diversify merchant accounts in order to minimize risk. Multiple merchant accounts can be load balanced on single payment processing gateway. All accounts are centrally managed though one gateway resulting in easy reconciliation and streamlined business operations.

Standard due diligence documents are required to underwrite a merchant account. It takes 2-4 weeks for a high risk merchant account to be approved from the time the complete file is received. Application for accounts is always free. Account setup fees are rarely charged.

No start up companies are accepted.