Top Credit Card Processing Options for High Risk Merchants

Discover the top high risk processors on the market today. Get further assistance with browsing and analyzing credit card processing options.


Thursday, October 14th, 2021

Regardless of business type and industry, every business’ long-term sustainability rests on exceptional credit card processing services. Without it, operations will fail to run as efficiently as they could and some consumers will go elsewhere. However, as a high-risk business, finding such services can be a challenge. This is where an industry-leading high risk provider can help.

What is Credit Card Processing?

Credit card processing is the process that takes place when funds are transferred from your customer’s credit card account (bank account for debit card transactions) to your merchant account to pay for a purchase. This process is so seamless and quick, it takes just moments to complete. Something so small you don’t think much about it, but without it, your business can lose a lot of potential purchases. 

Consumers today expect to see their preferred payment processing option, which has led most businesses to invest into offering a wide variety of processing options. The ability to accept credit and debit cards can be a challenge for high risk merchants, unfortunately. What is so routine for some, is nearly impossible for others.

What is a High Risk Merchant?

A high risk merchant is one that processors and lenders deem too risky to work with for a variety of reasons. Two of the most common are a greater risk of fraud and chargebacks. Of course, this is something most businesses within this category have little to no control over. Still, it causes many high risk merchants to be denied for processing and turned away, leaving them with no way to process their customers’ transactions.

Top High-Risk Credit Card Processors

Thankfully, there are many processors today that specialize in working with these merchants and provide customized services that help them operate smoothly and efficiently. If you’re one of the many struggling to secure payment processing, looking to decrease processing prices and/or providing more payment alternatives, check out some of the top high risk payment processors listed below:

1.  CardConnect

CardConnect helps businesses of all sizes accept payments online, in-person and over the phone. This processor is known for easy connections, industry-leading data security and excellent customer service. It’s also a great option for on-the-go companies, due to its free app. It also features add-ons and integrations.

2.  PaymentCloud

When it comes to high-risk processing, PaymentCloud is one of the finest credit card processors on the market today. This processor takes fraud, breaches and chargebacks very seriously and provides services that significantly reduce these risks throughout the transaction.

3.  National Processing

National Processing has quickly become known for being one of the best payment processing providers for small businesses. They offer simple credit card processing, no monthly minimum and straightforward price options. It also has a lot of features for quick point-of-sale transactions and accepts Visa, Mastercard, Discover and American Express credit cards, checks and online transactions.

If your business needs further assistance with credit card processing options, be sure to reach out to our team here at Best Payment Providers. You can also browse the countless reviews for the top high risk processors on the market today. Find the payment provider that meets your needs, and has the reputation your business deserves.