The 10 Best MLM Merchant Accounts

Despite MLM marketing being both a growing and lucrative industry, Multi-level marketing companies are classified as “high risk” by payment processors due to concerns about legal liabilities, potential chargebacks, and unpredictable growth patterns. Regardless of the type of product being sold, MLM credit card processing is considered high risk.

Although the MLM industry model includes well-run and reputable companies like Avon and Pampered Chef, the industry has been riddled with problems over the years. Scams claiming to be MLM companies have turned out to be no more than pyramid schemes that cheated unsuspecting distributors and buyers out of their money and trust.

Despite this, many banks are still open to payment processing for the MLM industry. Do your research and check out these 10 MLM Merchant Account Providers. The greatest likelihood of account approval will come while working closely with your account manager.

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Pay Space

Founded in 2009 in headquartered in Riga, Latvia, Pay Space offers merchants of all fields secure and reliable payment processing solutions.

The Pros

Some of their services include chargeback prevention, a wide range of payment methods, all major credit cards accepted, global payment processing, automated billing solutions, flexible pricing starting at 1.2%.

Merchants will also get a MID and Unique Billing Descriptor, fully compliant with PCI DSS Level 1 certification, 3D and non-3D secure transaction processing, assistance with registration and opening a merchant account.

The Cons

The only way to contact them is by phone, email and a contact form. It would be great if they offered live chat for instant questions. Depending on the type of business, setup can take up to a month.

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Host Merchant Services

Based in Newark, Delaware and founded in 2008, Host Merchant Services provides customizable payment processing solutions for MLM businesses.

The Pros

Their features include a guaranteed lowest rate, free mobile options, affordable point of sale, free equipment for qualified accounts, transparent statements, online marketing tools, multiple payment gateways (Transaction Express and Authorize.NET), virtual terminals, online shopping carts, PCI compliance, merchant cash advances, EMV credit card machines (including traditional, mobile/wireless, and PIN Debit PIN Pads), point of sales systems, gift and loyalty programs, cash discount programs, small and large ticket processing, and data breach protection.

The Cons

Only a handful of complaints have been reported and were related to merchants being denied an account or malfunctioning hardware. The others were about a misrepresentation of rates and an unexpected equipment lease. It is imperative that merchants read the fine print thoroughly to avoid these unnecessary charges.

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National ACH

Founded in 1998 and headquartered in Las Vegas, Nevada, National ACH provides ACH, echecks, and debit/credit card payment processing services businesses both in the US and internationally through their extensive network of both US and international banks.

The Pros

National ACH provides the following benefits: multiple payment methods from a single source, high volume specialists, extensive banking network ensures approval, a dedicated account manager committed to the success of your business, Level PCI-DSS compliant processing platform, free technical support, API, virtual terminals, batch processing, multicurrency processing, one payment platform for world-wide payments.

The Cons

At this time there is no publicly available information about their contract terms. There was also no information available for early termination fees, PCI compliance fees, or debit and credit processing fees. They also have a fairly clean complaint record.

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Durango Merchant Services

Founded in 2004 and located in Durango, Colorado, Durango Merchant Services works with many gateway processors and suppliers with sponsor banking relationships that offer credit processing solutions for both the US-based and internationally based companies.

The Pros

Features in the contract include: variable contract lengths (month-to-month), free application processing, direct financing with regular deposits (daily or weekly, depending on whether onshore vs offshore), recurring billing, competitive rates, acceptance of multiple currencies and deposits, compatibility with major gateways and shopping carts, integration assistance with more than 100 shopping carts, chargeback prevention tools and advice, eCheck processing, gateway includes fraud detection and prevention tools.

The Cons

The only complaints received about this company were about Durango’s inability to get approval for a high risk merchant account and about a partnering bank withholding a merchant’s funds.

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MerchACT

Founded by leading global payment expert Patricia B. Weber and payments industry veteran, Jared Ronski, MerchACT has been providing payment solutions to high risk industries for 15 years.

Headquartered in Boca Raton, Florida, MerchACT specialises in UK Bitcoin products and services.

The Pros

Some of the benefits and features of their merchant accounts include: in-house support, PCI Compliant gateway, fraud tools, chargeback management and reporting, no application or setup fees, MerchACT directly processes the merchant account, long-term partnership through life of the account, assistance with global expansion, multi-currency options, SSL Encrypted Servers, all major credit card acceptance, recurring billing, safe and simple API system, and high volume merchant account facility.

The Cons

The only way to get in contact with the company is via email or the contact page on their website. Merchants need more ways to be able to speak to an actual person, especially for more complex issues. Chat and a direct line to a representative would be highly beneficial.

Furthermore, their acquiring banks are known to terminate merchant accounts based on volatility of sales.

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Instabill

Based in Portsmouth, New Hampshire and with an EU registered address in Lija, Malta, Instabill has been covering the high-risk merchant space since 2001. With constant change within the high risk merchant space, it has remained current with shifts and regulations within the industry.

The Pros

MLM merchant benefits include the following: easy person to person transfers, no debit/credit card or PIN use, a convenient storage solution on your PC or smartphone, traceable transactions to deter fraud. For qualifying MLM merchants, Instabill offers free access to their virtual terminal to accept credit card payments by phone or through mail orders.

The Cons

Due to Instabill’s focus on high risk accounts, it may feature tiered pricing, early termination fees, and PCI Compliance fees. Most complaints against Instabill are about the company’s fraud prevention policies. Merchants report cancellation of their merchant accounts or withholding funds.

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eMerchantBroker

Based in Los Angeles, California, eMerchantBroker offers high risk processing solutions, including MLM merchant accounts.

The Pros

EMB offers custom-made paid solutions, excellent customer service, approval rates between 24 and 48 hours, chargeback management tools, PCI-compliant payment gateways, as well as fraud filters.

The Cons

Very little information about the standard contract. This could only mean that the contract terms vary widely from merchant to merchant. There are early termination fees that are up to $295 for 1 year contracts and up to $595 for 3 year contracts.

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PayNetSecure

Based in Las Vegas, Nevada, PayNetSecure was founded in 2007. Their expertise lies in high volume, high risk merchant payment processing in the US and throughout the world.

The Pros

Some of the many options offered to MLM merchants include the following: extensive network of US and international banks, acceptance of all major credit cards worldwide, echecks as an alternative payment method, access to local alternative payment methods, and same day ACH credits.

The Cons

There is very little information about the standard PayNetSecure contract. They do offer 24/7 phone support and a contact form, but ideally, they would feature more ways to get in contact with them instantly.

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Allied Wallet

Founded in 2006, Allied Wallet is one of the leading online payment processing companies in the world. Providing payment solutions in 196 countries all over the world,
the company is headed by CEO Andy Khawaja and is headquartered in London, England.

Allied Wallet specializes in payment processing solutions for Multi-Level Marketing and Direct Sales Companies.

The Pros

The features and benefits offered by Allied Wallet include a comprehensive solution for MLM businesses, accepts over 100 currencies in 196 countries, rates starting at just 1%, settle profit directly into merchant’s bank account, secure data transfers with PCI Level 1 compliance, reduced declined payments with Fraud Scrub Technology, and track transaction with robust reporting system.

The Cons

Allied Wallet seems to have a host of fees including: monthly maintenance fees, transaction fees, refund fees, retrieval fees, chargeback fees, wire fees, a rolling reserve, and if that’s not enough, they also are known for fund holding. Merchants really should evaluate what is most important in their business as these fees will inevitably affect the bottom line.

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Why PaySpace

PaySpace is the leaders in true cloud-based Payroll and Human Capital Management software solutions providing new, improved solutions to help businesses operate in the modern era where managers and employees have access to information at the touch of a button.

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