BestPaymentProviders
  • Sample Page
  • High Risk Merchants
BestPaymentProviders
  • Get Started
    • Choose your Industry
      • Retail
      • E-commerce
      • High Risk
      • Professional Service
      • Medical Service
    • Pos Systems
    • Alternative Payments
      • Crypto Exchanges
      • Bank Transfers
      • Alternative Payment Aggregators
    • Gateways
      • Payment Gateways
      • Cryptocurrency Payments
    • High Risk
      • Adult Merchant Account
      • CBD Merchant Account
      • Bitcoin Merchant Account
      • MLM Merchant Account
      • Online Gambling Merchant Account
      • Tech Support Merchant Accounts
      • Travel Merchant Account
      • See Full List of Supported High Risk Industries
    • Blog
    • Reviews
    • US
      • UK
Get Started
Articles bad credit merchant account

5 Best High-Risk Merchant Account Providers

Know who can help you with the best high-risk merchant account providers. Find the best processors.

By Best Payment Providers


Friday, December 10th, 2021

Are you seeking help with the best high-risk merchant account providers? How can you choose from among so many options out there? Who can help you make the right choice for your business?

Businesses With Bad Credit 

Your business may be tabbed as high risk because of several factors. These may include a higher rate of chargebacks, vulnerability to fraud, the location of your business, your bad credit, or your history of bankruptcy. The higher the risk, the harder it’ll be for you to get access to merchant services, including business funding and a merchant account. 

So, if you’re a high-risk merchant, you should apply to a high-risk payment processor. High-risk merchant accounts are significantly more expensive as compared to low-risk ones. So, make sure to look for the cheapest possible rates in the industry when applying. Also, shop around to find a merchant processor that doesn’t shy away from hard-to-approve businesses. 

E.g., Square and Stripe might stay away from businesses deemed high risk. Sometimes, these payment giants remove merchant accounts without prior warning. Fortunately, you can work with a reliable payments comparison specialist like BestPaymentProviders.com that can help you with the best high-risk merchant account providers. 

Best Payment Providers US is focused on terms, complaints, and integration of processors. Besides, Best Payment Provider US reviews all the details concerning payments processing companies so you can find the best deal for your financial needs. 

Best High-Risk Merchant Account Providers

Since it can be rather challenging to find the right high-risk merchant account service provider, you should carefully consider all the related factors. Let’s go through the top 5 high-risk merchant account providers:

1. eMerchant Broker

  • Best for many high-risk businesses that might have difficulty finding a merchant account, such as online CBD businesses
  • Contract length: Standard 1–3 years, unspecified auto-renewal
  • Cancellation fee: $295–$595
  • Chargeback protection: Integration w/fee
  • Payment types: eCommerce, card-present (limited), virtual terminal (w/fee), mobile payment (w/fee)
  • High-quality customer support 
  • Honest sales practices

2. Durango Merchant Services

  • Best for online sellers, including international or offshore
  • Contract length: Month-to-month, 3 years for very high risk, 1-year auto-renewal
  • Cancellation fee: 0
  • Chargeback protection: Yes
  • Payment types: card-present, eCommerce, mobile payment, virtual terminal (w/fee)

3. Host Merchant Services

  • Best interchange-plus pricing for hard-to-place businesses
  • Contract length: Standard 1–3 years
  • Cancellation fee: $0 for qualified merchant accounts, otherwise $250–$500
  • Chargeback protection: Yes
  • Payment types: card-present, mobile payment, eCommerce (w/fee), virtual terminal (w/fee)

4. SMB Global

  • Best for chargeback monitoring and management
  • Contract length: Expect standard 3 years, unspecified auto-renewal
  • Cancellation fee: $500 (Standard for high-risk merchants)
  • Chargeback protection: Yes
  • Payment types: card-present, eCommerce (w/fee), mobile payment (w/fee)

5.  Soar Payments

  • Best for an instant quote and automated application process
  • Contract length: Standard 2 years, 1-year auto-renewal
  • Cancellation fee: $495
  • Chargeback protection: Integration w/fee
  • Payment types: card-present, mobile payment, eCommerce (w/fee), virtual terminal (w/fee)

Best High-Risk Merchant Account Providers for Bad Credit Merchants

If you need a high-risk merchant account, you should find a reliable and convenient payment processor. This may seem frustrating. Thankfully, there are payments comparison experts that can help you get the best for your business needs.

  • Topics discussed in this article:

  • bad credit merchant account
  • chargeback protection
  • E-Commerce
  • eMerchant Broker
  • high risk merchant account providers
  • High Risk Merchant Accounts
  • Payment Processor

Articles

How to Counter Excessive Returns in Your eCommerce

Returns suck! They eat up your profits, cost you time and money to process, and take up stock that could be better spent

Best Payment Providers
Apple

Apple Shakes Up Payments Industry with In-House Move

It’s been nearly eight years since Apple Inc. launched its very successful Apple Pay mobile-payment service. Fast forward

Best Payment Providers

Trending Articles

1

push payment technology

10 Reasons Why Push Payments Are Great for Lenders
Best Payment Providers

The modern lending environment can make excessive use of push payments. Let’s move forward to see how lenders can benefit from the push payment technology. Push vs. Pull Payments Do you know the difference between pull and push payments? Pull Payments or Debit Transfers: after the borrower has submitted the required data and the payment … Continued

2

Payment Companies

6 Reasons Counterfeit Goods Put Payment Companies at Risk
Best Payment Providers

Counterfeit goods aren’t something new: they’ve been around for many years. The rise of the digital world has facilitated for counterfeiters to sell more goods to a larger number of consumers. This article will show you how the problem of fake products is about more than just monetary losses. Also, it’ll help you with reliable … Continued

3

Credit Card Processing

Your Credit Card Processing Partner Can Make or Break Your Payments Experience
Best Payment Providers

How to get credit card processing for your small business

Search our Content

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok