We have over two decades of high-risk credit card processing experience and understand what it takes for high-risk merchants. It also includes enterprises where client payment details have an increased risk of exposure. Industry is considered low risk e. Best low risk merchant account services for low risk business from AMSLV. Low-risk merchant accounts, on the other hand, have these characteristics: Only accepts one type of currency; A payment service provider hosts their payment page; Their average credit card sale is under $500; Their average monthly sales volume is under $20,000; Their business only sells low-risk products/items such as. Albeit new to the industry, CorePay has effectively worked with countless merchants by providing polished merchant account services that put safety, security, and efficiency. Your customer pays for your goods or services with a credit card using your POS equipment, a virtual terminal, or a mobile app. 95%. We recommend the following steps when your account is terminated: Reach out to Paypal for a status update – this will likely result in you waiting for up to 180 days as they audit your account. Working with the low-risk business is more secure, as the low-risk merchant account is safer in terms of chargebacks, potential fraud events, business credit history, and so on. The first thing most merchants will notice is higher fees. It supports businesses of all sizes, offering both standard flat-rate and interchange plus pricing. The high-risk merchant account holder will gain the wisdom to successfully navigate the market and maximize sales and profits after making a few risky transactions. 2. Low-Risk Merchant Account. Almost any high-risk industry can apply for a merchant account with SMB Global. . Which types of merchant account you need for your online businesses depends on your company's risk factor. You can expect to pay on average ~$100 per month for a high risk merchant account, on top of a $500 credit card merchant fee. account, so you can focus on the best processing options that match System used to track merchants in order to manage risk. When it comes to credit card payment processing, you might have difficulty getting approved for a high-risk merchant account depending on what vertical you fall in — but it can also be due to a history of fraud, a low credit score, or a high ratio of chargebacks. A high-risk merchant account is a specific type of payment processing account that is required for certain businesses. Due to the company’s low fees, Helcim only approves businesses for credit card processing that are deemed as “low risk” accounts in the merchant account industry. Why Do I Need A High Risk Merchant Account If you operate a business in a high-risk industry, obtaining a high-risk merchant account is an essential step in being able to accept credit card. Low-Risk Merchant Accounts. National Processing. However, these two accounts vary. This may include per-transaction and chargeback fees as well as setup, cancellation, and other. Other examples of high-risk businesses include bail bonds, electronics, and credit repair companies. High-Risk & Low-Risk Merchant Accounts: While Corepay can also place low-risk merchants, its specialty is in providing merchant services to businesses that are deemed to be in a high-risk category. Unlike standard or low-risk accounts, these accounts factor in the financial risks that high-risk businesses face, especially susceptibility to fraud and chargebacks, and how they can be. GoCardless Last editedDec 2021 — 2 min read Table of contents Merchant accounts explained What is a high-risk merchant account? What is a low-risk merchant? In. Prior applying for a merchant account, you must know if your business comes under low-risk. Low Risk Merchant Accounts Finding the right credit card processing and merchant account provider is critical, yet challenging, for any business. Our picks for the best free merchant accounts include Square, Chase, Stripe, PayPal, and more. Square: Best for businesses that are seasonal or process less than $10,000/month. Durango Merchant Services: Best for highest-risk businesses. However, Instabill can provide you with competitive and affordable payment processing fees for your replica merchant account. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. 3) Industry is considered low-risk, such as retail. For example, rolling reserves to counteract the risk of loss to the merchant, additional PCI considerations and regulatory demands. They can take a little longer to approve, but Treat. Additionally, if. 95% per transaction on average plus a $0. Home; Payments. Even high-risk merchants service UK businesses can start accepting card payments with our help. It is best to find a high-risk processor who understands the needs of businesses with bad credit. With a low-risk merchant account, business owners not only get instant approval but also pay substantially less for merchant account services. Here at Shark Processing, our sole focus is securing low-cost, low-risk merchant accounts tailored […] Your business’s merchant account will be categorised as high or low risk depending on your industry, transaction values, chargeback history, and potential exposure to fraud. Fortunately, we offer an easier and cheaper way here to accept card payments online. ) When evaluating a high-risk business, merchant service providers must review the merchant application, conduct a thorough risk assessment, and check the business owner’s credit score. We offer support to companies who need an online gaming merchant account for a sustainable business. PaymentCloud: Best for free credit card terminal. Your customer pays for your goods or services with a credit card using your POS equipment, a virtual terminal, or a mobile app. High Risk. These gateways are equipped to handle the nuances of risk credit. Obtain a business license. Your average ticket size is significantly. 3. Help us determine which bank is best suited for your business by giving us a complete picture. The E-COMMERCE BROKER company helps to register a merchant account for Visa, MasterCard, American Express, and for a number of other brands of plastic cards and payment wallets. g. Low-risk merchant account. PaymentCloud: Best Approval Odds. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. However, ProMerchant’s pricing is considerably lower than Clover’s. Low-Risk Merchant Definition. Some examples of low-risk merchant accounts are gas stations, grocery. Host Merchant Services: Best for large high-risk businesses. Get a free card swiper from Square at no cost when you create a free account. Do I have to buy new equipment in order to process with Goat Payments? No, absolutely not! As a matter of fact, GMS prides itself on having never leased even one credit card terminal. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. A Delta 8 merchant account is a type of merchant account aimed to ease the transactional process of Delta 8 businesses. A high-risk merchant account operates as a specialized business account for high-risk businesses. High-risk businesses are charged greater processing fees than low-risk enterprises to determine the interchange cost they will pay. The merchant account opening is free for both. High Risk Pay is one of the fastest growing companies in the credit card industry since 1997. Other Notable Features of 5 Star Processing. Allowing businesses to accept payments on their own terms, Authorize. You can request more information by filling out the form on its website. A high-risk merchant account is a specially designed payment solution that enables businesses in high-risk industries to accept card and electronic payments. Laundering payments through a low-risk merchant account allows maximum proceeds while avoiding regulatory limitations. High Risk Pay distinguishes itself as a pivotal player for businesses in need of merchant accounts tailored to high-risk profiles. In order to apply for a high-risk merchant A business that accepts credit cards for goods or services. The underwriting team plays a crucial role in analyzing multiple endpoints to verify the merchant’s genuineness. Your fees are contingent on several factors, such as the merchant’s processing history, type of industry (high or low risk) and/or projected sales volume. In contrast, high-risk merchant accounts require more effort to set up and incur higher fees than their low-risk counterparts. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. Read our Review. Here at Shark Processing, our sole focus is securing low-cost,. Chargebacks on merchant accounts for bad credit can be a problem for the business owner. If you are the owner of a small or medium business in online retail, games, IT, digital content or non-profit sector, then EU Merchant Account will help you open a special “Low/Medium Risk Merchant Account”. It often means tougher-than-usual terms and higher fees than low-risk accounts. High-risk merchant accounts exist for enterprises that cannot get approval for a traditional or low merchant account. Industries labeled low risk have. High risk merchant accounts come with higher transaction fees, stricter underwriting requirements, rolling reserves, and limited processing options. PaymentCloud is a merchant services provider. Show Summary. SMB Global provides a merchant account to high-risk businesses. High-Risk vs. , UK, Canada, Japan, Australia, Europe) Any country: Currency:Using a high-risk MCC can help you avoid some of the common problems that low-risk businesses face when they deal with high-risk transactions. When you call or email, you’ll always speak with our friendly, in-house client support team. Cybersecurity is the practice of protecting computer systems, business accounts, networks, and sensitive information from unauthorized access, theft, damage,. There are several criteria to determine the risk level of a business: high transaction volume, international payment (geographic location. While high risk merchants are businesses dealing with larger transactions of over $20,000, low-risk merchants are small business owners earning less than $20,000. A high-risk merchant account is a merchant account created by a payment processor and assigned to a high-risk business. A high-risk merchant account is for businesses that operate in high-ticket industries with increased risks of fraud and chargebacks. The amount of the rolling reserve will be determined by the processor based on a number of different factors. However, PaymentCloud also handles payment processing for medium- and low-risk businesses. k. Underwriting process: The payment processor conducts a thorough review of the business’s industry, financials, chargeback history, and other relevant factors to determine the risk level. These merchant accounts generally have higher chances of fraud and chargebacks. This can include businesses in certain industries, such as online gambling or adult entertainment. Merchant accounts essentially serve as a holding account to protect banks and payment processors so they don’t get burned by fraud or chargebacks. Merchant accounts for high-risk businesses are more dangerous for banking systems to operate with. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. 541611 - Administrative Management and General Management Consulting Services. Low-risk merchants are generally established merchants that process less in volume, have lower ticket averages, have little to no chargebacks, only transact in 1 currency. options above. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. Based in France, Corepay has recently expanded its reach to the US. Riskier companies may still be approved, but with. When your business has been labeled a high-risk merchant account, you will almost always pay higher. Durango Merchant Services has been in the hard to acquire and international electronic payments industry for over 20 years. Chargeback Prevention. In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. Reason being, merchants in our payment processing world come under low-risk, medium-risk, and high-risk categories. - No early termination fee even for high risk businesses. Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. Keep in mind; they will still need to have good credit, have been around for years, and have a monthly revenue of under $20,000, and do 80-85 percent of their. Businesses That Typically Apply For Low-Risk Merchant Accounts An online apparel store is an excellent example of a business that could be considered for a low-risk merchant account. Open a business bank account. Have a zero to low chargeback ratio. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. Zero or low chargeback ratio. When shopping for a check by phone merchant account, it is important that you understand how the electronic checks are processed. Best for online and international sellers: Durango Merchant Services. Considering that it really takes a longer period for the setup of these accounts unlike low risk accounts, a day is indeed significantly quicker. So, if you are in requirement of a high-risk merchant account Europe (Albania. For more information, visit the Host Merchant Services website or call (888) 727-4538. In 2021, consumers paid for 70 percent of their purchases with a credit or debit card. You can access your funds with reduced processing times and minimal roadblocks with a high-risk merchant account. 24/7 SupportBest high risk merchant accounts at a glance. Since you open a. In Summary: 5 Best Bad Credit Merchant Account Providers. These include reduced fees and less of a need. Each merchant service provider received a rating based on over 50 data points. 3. Flagship Merchant Services: Best. This high-risk processor will help you set up electronic payment options for. In addition to the risk being more minimal than that of its high risk counterpart, a low risk merchant category is one that encompasses any business that. Low-Risk Merchant Accounts. Processors may charge different fees, require different reserves, may vary the terms and conditions, or have different application processes depending on the risk category. High risk processors won’t terminate the account for just being in a high risk industry; Ability to sell high risk products and subscriptions. 3D Secure Processing. Where such a high-risk account is involved, banks tend to be hostile, and such industries are almost completely barred from opening accounts. They won’t work with certain industries because they don’t want risk. Variable transaction fees. The processing costs for all transactions will often be higher than those charged by low-risk merchant accounts. National Processing: Best for Small Businesses 6. If you’re in need of an affordable credit card processing solution for your business, Instabill has specialized in providing high risk merchant accounts to e-commerce businesses since 2001, and can help you find a solution that. Differences Between High Risk vs. 1. High-risk transactions refer to credit card payments associated with significant risks of chargebacks, fraud, and other potential issues, like money laundering. 05 per transaction. With over a 95. A subsidiary of Visa, Authorize. Stripe: Best for owners of multiple businesses and brands. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. There are many more advantages of using high-risk merchant accounts -: It offers you long-term growth opportunities. They have an average deal value of less than $500. And just as the name suggests, a low-risk merchant is a merchant business that carries a significantly lesser amount of risk. Stax: Best for avoiding transaction fees. 6% plus 10 cents per transaction. Square: Best overall. EU Merchant Account understands all of the complications and will help to find a perfect solution for any business not matter if you are a small, medium or large merchant. High-risk processors will be able to guide you on ways to reduce your chargebacks and keep your fees low. 50% + $0. In contrast to the application process for a low-risk merchant account, getting a high-risk merchant account can be more challenging because banking institutions prefer to offer low-risk customer. Dharma’s processing rate for high-risk businesses is interchange rate + 1. The short answer: A high-risk merchant account is the solution to a high-risk business’s payment-related problems. But not all accounts are the same — some are considered low risk and others are high risk. This merchant account allows the business to accept card payments but will come with additional requirements and fees. Merchant One: Best for Flexible Pricing Clover: Best for POS Stax: Best for Subscription Pricing ProMerchant: Best for High-Risk Businesses Payment Depot: Best for High Transaction Volume Square Merchant Services: Best for Startups Helcim : Best All-in-One Platform National Processing: Best. 7 billion in 2018 and are expected to reach $40 billion by 2023. A high-risk merchant account enables you to sell in riskier markets. Mony Zenou, Founder, President, and CEO of Dejavoo Systems joins the show to discuss the power of cloud based POS offerings, and more. 95% for normal merchant accounts. To qualify for low risk merchant accounts, your business will fit the following description: You process less than $20,000 per month; Your average ticket size is less than $50; Zero to low chargeback ratio; You operate within a low risk industry; You are incorporated in a low risk country The Difference Between Low-Risk & High-Risk Merchants. Excessive chargebacks are a prime reason why merchants are denied payment processing services. While low-risk merchants must pay the chargeback fee, high-risk merchants must pay a larger chargeback fee. In general, you are likely to receive approval for a traditional merchant account if your industry, products or services, sales methods, location, and customers present little risk to the acquirer or processor. Types of Merchant Accounts. but merchants need to read the fine print: this service comes at a price. But you don’t have to worry as eMerchant Authority has a. Worldwide vaping sales reached $15. They range from $10 to $50 for most companies. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. Per standard industry practice, payment. This facility is unavailable to those who want to play safe and opt for low-risk merchant accounts. How do I get a Low Risk or High-Risk Merchant Account? Our specialty is matching a business with a suitable credit card processing service in a specific geographic region. On the other hand, high-risk merchant accounts deal with high-risk items like cannabis, tobacco, firearms, airplane tickets, virtual currencies, and pharmaceuticals. Maximize approval ratios based on your target customer base. Low-Risk Merchants Explained. Low-risk merchant account suppliers are also available along with high-risk merchant account providers. Step 1 — the first step of the merchant account process involves a transaction made by the customer. A high-risk gateway is compatible with. Average card transaction is below $500. Low-risk accounts usually benefit from lower prices because they demand less work from payment processors. Running high-risk sales on your lower-risk merchant account will often result in funds being held. These risks could range from a high likelihood of chargebacks and fraud to legal. As such, the primary factors that matter with a high-risk merchant account are processing history and industry reputation. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. This can increase the difficulty of. When it comes to merchant accounts, there are high-risk and low-risk businesses. HighRiskPay. The third main difference is that a high risk merchant account has an average credit card transaction of over $500 while a low risk account has an average credit card transaction of less than $500. For low-risk merchant accounts, these fees can rack up to $15 to $50 per incident, depending on the transaction value. The industry is low-risk; Transactions are less than $20,000 per. - Accepts wide variety of high risk industries. Low Risk Merchant Account. PayPal – Best for a pay-as-you-go pricing structure. Call Us: (213) 267-6848. , subscription payment models, gambling sites). CorePay. A low-risk merchant's average transaction value costs not more than $500 per transaction, whereas a high-risk merchant transaction costs more than that, and the transaction volume is also much. There are other plenty of merchant account providers that comprehends the situations and offer services precisely for high risk industries & high risk businesses. SMB Global is a self-described "one-stop shop" for payment processing. Prior applying for a merchant account, you must know if your business comes under low-risk. If you are a merchant with a history of a lot of chargebacks your payment processor may want a. SMB Global is the option on our list with the longest standard contract length, three years. YOUR HIGH-RISK MERCHANT PROVIDER. Simply keep in mind that we determine our rates based on your monthly processing volume as well as your individual business’s risk factor, but our rates can start as low as 6. In order to process those credit card transactions though, you need a low risk merchant account with an acquiring bank. These merchants are similar to physical store merchants except that the point-of-sale and all business is conducted online. Stripe. Low Risk merchant accounts allow organizations that are deemed low-risk to accept payments online and offline. You will have live, toll-free merchant assistance by calling 855-551-8558 FREE anytime — 24 hours a day, 7 days a week, 365 days a year. Therefore, while we provide high-risk European merchant accounts, we can also offer our clients low-risk processing, should they qualify. While the vaping/e-cigarette industry is highly profitable, banks and credit card processors also consider it high-risk. Discount feeComparing Fees and Terms: High-Risk vs Low-Risk Merchant Accounts. These fees vary according to the processor, with some processors waiving most of these fees. Starts at $0/month for unlimited devices and locations. In summary, credit repair agencies cannot rely on cookie-cutter solutions for payment processing. 541612 - Human Resources Consulting. This ecommerce store transacts through a virtual terminal and payment gateway. To define a low-risk merchant account, it’s important to look at the common characteristics of these accounts. Average transactions under. Some of these include: 541990 - All Other Professional, Scientific, and Technical Services. $25 monthly payment gateway fee. Powerful POS System Strategies with Mony Zenou. 1. The merchant account provider will likely approve your application if your business history and transaction type make you a low-risk option. You recommend contacting your account provider and discussing these factors to clarify the risk level assigned to your account. 2. Interchange + 0. It exhibits a deep understanding of the intricate landscape of high-risk payment processing and presents solutions that go beyond conventional offerings. High-Risk Merchant Account vs Low-Risk Merchant Account. Since high risk businesses are more likely to experience chargebacks, they have to pay higher fees for the merchant services. High-Risk Payment Processor Requirements. To qualify for low risk merchant accounts, your business will fit the following description: You process less than $20,000 per month Your average ticket size is less than $50 Zero to. A high-risk gateway is essential to accept credit cards and other digital payments. Though, high-risk merchants need to pay extra than the traditional merchants. Opening a merchant services account can require a number of documents to help the bank and its underwriters determine both the business and the. Additionally, a business with a heightened likelihood of fraud would be marked as high risk. We accept most legal high-risk merchants industries. Apply for the necessary business. Easy Pay Direct: - Primary product is proprietary EPD gateway. Many "low risk" merchants have a majority of their credit card transactions conducted in person ("card present"). Low-risk merchant: High-risk merchant: Average monthly sales volume: less than $20,000: over $20,000: Average credit card transaction: less. What are high-risk merchant account and low-risk merchant account? Before jumping into finding the ideal merchant service provider, you need to answer some questions beforehand. com. , those with both physical and digital storefronts), Moonlight addresses the unique challenges faced by businesses in sectors like. in-person; 2. The merchant account provider will likely approve your application if your business history and transaction type make you a low-risk option. We provide merchant account services for both low and high-risk businesses. Low-Risk Merchant Accounts. The main difference between a high-risk merchant account and a low-risk merchant account is that the former operates in scenarios that are deemed to be extremely risky as outlined above. We have a broad nationwide network which runs via our processing banks to merchant accounts. In our review of merchant services, PaymentCloud earned an overall score of 3. Low risk merchant account include online apparel stores, bookstores, pet supplies, retail shops, parking garages, and more. And with evidence showing that 75% of eCommerce businesses saw an increase in fraud attempts in 2021, it’s more important than ever to understand high-risk transactions, as. Fill out the quick & easy form or pick up the phone and call +1 (800) 530-2444. This includes the merchant, the credit card company, and the bank that issues and finances the card. To qualify for same-day merchant account approval, ensure all the needed documents are in order. many high-risk merchant account providers will have the resources and expertise to help you avoid future account holds, freezes, and terminations. 1) Online payments where the purchase is made via the Internet and not at a physical store. Here are the best international merchant services that provide international payment processing, international payment gateways, and international merchant accounts for a variety of circumstances. Validate your high-risk Level 4 merchants’ compliance with the PCI DSS. Definition of Low Risk Merchant. A high risk merchant account is a type of payment processing account for unique businesses. Helcim: No monthly account fee. Payment Depot: Best for High Transaction Volume. This label is often due to the. Riskier companies may still be approved, but with. net Gateway. The standard process for acquiring a merchant account process is as follows: Choose a business structure for your new enterprise. It allows you to take credit card payments, handle more transactions, and keep your operations safe. io’s list of merchant services includes: Full-service merchant accounts;Low risk merchant accounts are merchants running their business with minimal to no chargebacks and have a solid financial history. It’s nearly impossible for an eCommerce business to survive without accepting credit or debit cards in today’s time. These charges will be higher than fees applied to low-risk business transactions, sometimes even more than twice the payment processing fee applied to a low-risk. Simple application process: submitting an application for your high-risk merchant account is so straightforward. These include reduced fees and less of a need. If you want to register for credit card processing and a merchant account, you must determine whether you are a low-risk or high-risk merchant. unique tool that allows you to efficiently process payments online. Only one type of currency is accepted. To understand low risk merchant accounts, you’d probably see that the qualifying factors are the polar opposite to what constitutes a high risk merchant. You may suffer sudden account termination in case of a slip-up. (Even low-risk businesses can wait up to 1-2 business days for approval. High risk rates as low as blended 2. The company provides speedy approval decisions to the merchants and is known in the industry for its transparency. 2. These industries. Choosing the right PSP or acquiring bank for your high-risk merchant account is a real challenge to high-risk merchants. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. Supporting all the most well-known sectors in the adult entertainment industry — except escort services — Payment Cloud’s features are specifically tailored to meet the needs of web-based adult entertainment. However, that processing fee can inflate to well over 1. Additional fees: Additional fees include PCI compliance, account setup, statement generation, and customer support. The following are additional requirements of low-risk merchants: Credit card transactions are usually $500 or less. While low-risk merchant accounts are typically short term (sometimes even month to month), high-risk merchant accounts often run between three to five years and feature automatic renewal clauses and early termination fees. Not only do we have highly competitive rates, but we also provide 100% transparency and top-notch customer service. Offers Paysley QR-code payment service. Other examples of high-risk businesses include bail bonds, electronics, and credit repair companies. clothes, shoes, kitchenware, food. “ Market share of cash, credit cards. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. What We Look For in the Best Merchant Services 1. 2% plus $0. You are incorporated in a low risk state. The Best High-Risk Merchant Accounts of 2023. Our payment experts approve 99% of low and high-risk merchants for full-service payment solutions, becoming the #1 provider for payment processing, funding, and so much more. Low-Risk Merchant Accounts Differences in Processing, Fees, and Restrictions. Apply. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. A merchant account may be classified as low-risk due to one or more of the following factors: If the average monthly transaction volume is less than $20,000. phone order or online. It’s also free of monthly fees. A high risk merchant account will have higher fees and stricter contract terms. Define your project needs. The Best Merchant Account Services. Customers must understand the difference between a low-risk merchant account and a high-risk merchant account. If the average ticket is less than $500. To open a merchant account, the business has to be legitimate. Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. When your business is considered one that comes with added “risks” it means that you will be categorized as a high risk merchant and therefore require a high risk merchant account. Low Risk. A merchant with a low credit score — whether it’s because of a prior bankruptcy, a tax lien, or any other reason — will by default be classified as a “high risk” merchant, and therefore will usually be rejected for a credit card processing services by most large banks and merchant services companies. 2. They have employment in a sector with a reduced rate of chargebacks, frauds, or refunds. Payment processors have different guidelines but have common factors around. Low-risk merchant accounts are designed for businesses that have a consistent volume of sales, low returns/chargebacks, and are in well-established industries. A merchant account is a particular type of bank account that business owners must establish in order to accept payments. com — Best for any high-risk business, with a 99%. A competitive payment processing fee for a standard retail small-business account might be 2. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. Low Risk Merchant Account. Compared to a regular account, a high-risk merchant account will have the following. Higher payment processing fees. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. Square: Best Free Merchant Account For Small Businesses. Even low-risk merchant account fees vary widely. A high-risk merchant account with instant approval can be the lifeline your business needs. Payment Depot: Best for Low Fees; Chase Payment Solutions: Best for E-commerce Businesses;. All according to this analysis your application is either. : Best for global payment processing. Best one-stop shop: First Card Payments. The total transactions they process each month are less than $20k, they do. Each online gambling merchant account is different, but typical fees include: Merchant Account FeeAt the same time, low-risk merchant account does not provide the same offers. Obtaining a merchant account with bad credit requires multiple steps. If you’re considered a “low risk” merchant, that’s good news! You can expect to have significantly more choices of merchant account providers than your “high risk” peers. Easy Pay Direct. Merchant services companies lose money on chargebacks. The merchant account acts as the middleman between the.