Highriskpay.com is one of the high risk payment processors specializing in providing payment processing solutions to high risk categories. With a merchant account from High Risk Pay, you can accept both credit and debit card payments, prevent chargebacks, and limit fraud cases in your business. But there is more to expect from High Risk Pay; below is everything you need to know about highriskpay.com.

Table of Contents

1. What Is High Risk Merchant Highriskpay.com
2. Highriskpay.com Overview
   1. Overview
3. What Is a High Risk Merchant Account?
4. Why Would Businesses Be Considered High Risk?
5. How Does High Risk Merchant highriskpay.com Work?
6. Why Should You Use Highriskpay.com?
7. What Documents Do You Need to Apply for High Risk Merchant Highriskpay.com
8. Types of Industries Considered High Risk Merchants by Highriskpay.com
9. Highriskpay.com services
   1. Credit card payments processing
   2. ACH processing
   3. Instant approval
   4. Chargeback and Fraud prevention
   5. Recover lost recurring sales
   6. Payment gateways and virtual terminal
10. High Risk Merchant highriskpay.com Pricing
11. Benefits of High Risk Merchant Account Highriskpay.com
    1. Protects against chargebacks
    2. You’ll be able to accept credit and debit card payments
    3. Higher security
    4. Customer satisfaction guarantee
    5. You can access the international market
12. Frequently Asked Questions About High Risk Merchant Highriskpay.com
    1. 1. Is High Risk Pay legit?
    2. 2. What is a high risk merchant account?
    3. 3. What is high merchant category risk?
    4. 4. How long before I can use a high risk merchant highriskpay.com account?
    5. 5. What is a high risk payment gateway?
    6. 6. Can I get a merchant account even with a bad credit score?
    7. 7. What is a high risk transaction?
13. Conclusion

What Is High Risk Merchant Highriskpay.com

When a bank categorizes your business as a high risk merchant, it means your business transaction rate is higher than the average rate. If you transact over $20,000 monthly, your business falls under high risk categories. Meaning high risk merchant highriskpay.com considers it to have high fraud risk.

Opening a merchant account with high risk merchant highriskpay.com will help minimize fraud, chargebacks, and other costs that may incur. If you’re also planning to accept credit card payments, having a high risk merchant account is beneficial.

Highriskpay.com Overview

As the name implies, highriskpay.com is a payment processing platform specializing in processing transactions for high risk businesses. By opening a merchant account with them, you will start accepting credit and debit cards payment, even from other international merchants.

High Risk Pay merchant accounts are available to those with bad credit and those listed as high risk industries. If you’re a small, medium, enterprise, B2C, B2B, or e-commerce business owner, you can open an account with them.

No account fees or application fees are needed to open a merchant account. These accounts are available for those with large transaction volumes, bad credit, and offshore accounts. Here is a quick overview

Overview

• Name: High Risk Pay
• Industry: Accounting and Financial services
• Founded: April 2, 1997
• Headquarters: Greater Los Angeles, West Coast, US West
• Company Type: Private
• Operating Status: Active
• Website: Highriskpay.com
• Phone Number: 800-956-1277
• Email: [email protected]

What Is a High Risk Merchant Account?

A high risk merchant account is created to assist businesses with large transaction volumes to accept credit and debit card payments. Also, such businesses cannot secure their low risk credit card processing account, so they need a high risk account.

A merchant account is costlier than traditional merchant accounts as it allows businesses to accept credit and debit card payments. This has made it possible to minimize cash-only operations, and businesses can now sell their products and services internationally.

Why Would Businesses Be Considered High Risk?

• A bank or payment processor will consider a business high risk if;
• Has a large transaction volume of over $20,000 monthly or over $500 per month
• You’re a new business owner with no or minimal transaction history
• You make international sales in countries considered high risk (excluding EU countries, Australia, Canada, Japan, and the USA)
• Has low credit scores

How Does High Risk Merchant highriskpay.com Work?

High risk merchant High Risk Pay is a payment processor with transactional arrangements between merchants and financial institutions. The payment institutions offer merchants a platform to accept payments through their payment processors.

The processor includes credit and debit card clearance. However, the fees charged by the payment processor highriskpay.com depends on the risks involved, the transaction completed, and sales volume.

The payment processor determines the type of service and requirements needed. In comparison, some traditional account providers like banks can even take years to find you eligible. Some even approve your application if you have a history of fraudulent cases. But with a high risk merchant payment processor, you get approved almost instantly.

Why Should You Use Highriskpay.com?

If your business is considered high risk, that means you transact a larger sales volume than average. Meaning this business needs assistance with processing transactions. That is why you need to find a reliable and secured payment service provider as a business owner. That’s why you should use a high risk payment processor highriskpay.com.

High Risk Pay offers high risk merchant accounts to all businesses, even those with bad credit scores. Their approval rate is 99%, and the account will only take 24 hours to get approved. Another thing is they have various hardware and software that assist in preventing chargeback and enhance the security and privacy of a merchant account. There will be no more fraud cases.

What Documents Do You Need to Apply for High Risk Merchant Highriskpay.com

To apply for high-risk merchant account with highriskpay.com, you need the following

• Personal Identification Number (a secret number or answer). It should not contain your personal details
• Valid driving license
• Business registration details including;

1.    Article of Incorporation
2.    Limited liability company articles
3.    Partnership agreements
4.    Proof that your business is active and you meet the regulations of conducting financial transactions

Types of Industries Considered High Risk Merchants by Highriskpay.com

Before you find a merchant account for your deemed high risk business, it’s best to know whether or not the merchant account provider accepts your industry. Here are the industries considered by highriskpay.com.

• Adult
• Gaming
• Gambling
• Online date
• Debt collection
• Multilevel marketing (MLM)
• E-commerce
• Subscription services
• Dropshipping
• Nonprofits
• Tech supports
• Travel
• Ticket brokers
• Startups
• Sportsbook
• Nutraceutical
• Firearm
• Online Pharmacy
• Dating app
• E-cigarettes, CBD, Vapes
• Bad Credit
• High volume
• Credit Repair

Highriskpay.com services

High Risk Pay merchant services account providers offer lots of things to businesses. Though some are mentioned above, let’s examine their expertise in detail.

Credit card payments processing

This is one of High Risk Pay’s expertise. The high risk credit card processing services allow merchants to accept credit card payments from all brands. This is best for businesses, especially those with international customers. When your business accepts credit card payments, that means your business will expand more internationally.

ACH processing

Automated Clearing House (ACH) is another best highriskpay.com feature as it enables merchants to process their electronic checks and fund transfers. So, when searching for the best high risk merchant services, check on the value ACH processing brings.

Your customer base potential will expand by processing electronic checks and fund transfers. The processing time for electronic checks with High Risk Pay is within 24-48 hours. Also, ACH transactions have 60 days for disputes as compared to a credit card period of 180 days. More so, their fraud risk is lower.

Instant approval

Apart from accepting businesses with bad credit, almost instant approval is another thing that makes highriskpay.com worth it. They guarantee a 99% approval rate on all merchant accounts, which takes 24 to 48 hours.

Chargeback and Fraud prevention

By choosing highriskpay.com for your merchant account, the chances of reducing chargebacks in your business are by at least 86%. Whenever a customer files a dispute, you will receive an immediate alert.

This way, you have the upper hand in determining whether or not the transaction is valid. Chargeback prevention software is one way to reduce fraud cases and recover lost sales. High Risk Pay will also help you identify fraud-prone accounts and affiliates connected to them.

Recover lost recurring sales

Many businesses undergo loss rates because of recurring orders, even though statistics show 33% of orders that businesses decline are good. In this case, High Risk Pay identifies such cases and alerts you in case of anything. This makes it easy for business owners, especially for subscription services, to recover their sales.

Payment gateways and virtual terminal

If your business is yet to have a payment gateway method, highriskpay.com offers payment gateway methods. The purpose of payment gateways is to connect merchants with payment networks.

High Risk Pay payment gateway solutions offer various payment methods. Whether it is credit card in-person or complex terminals, highriskpay.com offers you numerous solutions.

Additionally, their payment gateways offer payment analytics and detailed reports. You will learn customer preferences, including payment methods, through these reports.

Other additional features

High Risk Pay allows merchants to accept payments through mobile devices. Also, they offer surcharges for companies that want to maintain low payment processing costs. In addition to their credit card processing services, they offer services specifically for e-commerce clients.

E-commerce businesses can accept direct payments through their websites. Secondly, highriskpay.com allows e-commerce merchants to accept credit cards through online gateways. Lastly, this payment processing platform support high risk credit card processing on mobile, in-store, and over the phone.

High Risk Merchant highriskpay.com Pricing

Now that you understand what to expect from high risk merchant highriskpay.com, you also have to know about their pricing. Most merchant account providers are not transparent when it comes to pricing. Some even have additional charges outlined in their contracts. So, be very careful before signing a contract with high risk merchants account providers.

For highriskpay.com, there is no application or setup fee. Also, they haven’t talked much about the early termination fee. Here is what their pricing looks like.

•    Payment gateway fee: $10 per month
•    Swiped rate: 1.79% to 9.95% + $0.25
•    Monthly fee: $10
•    Keyed-in rate: 2.19% to 9.95% + $ 0.25
•    Adult merchant: As low as 2.95% + $0.25 and $9.95 monthly fee

Benefits of High Risk Merchant Account Highriskpay.com

Protects against chargebacks

Having a high risk merchant account with highriskpay.com means protecting yourself from chargebacks. This increases your market value as a merchant. Even when you hit your chargeback threshold, your account won’t be terminated. You can request them to increase your chargeback threshold.

You’ll be able to accept credit and debit card payments

With high risk merchant highriskpay.com, you can use both credit and debit card payments from customers. This protects your business against fraud.

Higher security

In business, customer details are always involved, especially when transacting online. So, with high risk merchant highriskpay.com, your customer’s details will remain secure. Higher risk merchants need higher clearance to run businesses.

With the clearance, it becomes easier to complete online transactions. This level of security guarantees both your business and customers are protected.

Customer satisfaction guarantee

Customer satisfaction is one factor that can guarantee a trustworthy and reliable high risk business account provider. With a highriskpay.com merchant account, you’ll provide information such as credit and debit card payment options, safety, and local currency exchange facilities.

You can access the international market

High risk merchant Highriskpay enables its customers to explore and access the international market. Meaning you’ll be able to reach your customers in any part of the world. Also, you will start accepting payments in different currencies.

Frequently Asked Questions About High Risk Merchant Highriskpay.com

1. Is High Risk Pay legit?

Yes, High Risk Pay is a legit high risk merchant account provider with a BBB rating of A+

2. What is a high risk merchant account?

A high risk merchant account is a form of business bank account setup by payment processors that enable high risk merchants to accept both credit and debit card payments.

3. What is high merchant category risk?

A high merchant category risk is those businesses that fall under industries considered high risk by a high risk merchant.

4. How long before I can use a high risk merchant highriskpay.com account?

High risk merchant highriskpay.com takes 24 to 48 hours to approve a merchant.

5. What is a high risk payment gateway?

This is a payment gateway for merchants presenting a higher risk to payment processors. It could be higher chargebacks, fraud cases, bad credit scores, or larger transaction volume.

6. Can I get a merchant account even with a bad credit score?

Yes, even with bad credit scores, all high risk businesses can get a high risk merchant highriskpay.com account.

7. What is a high risk transaction?

A high risk transaction refers to any credit card payment that has shown significant risk of fraud, chargebacks, and other issues.

Conclusion

If you have been researching high risk merchant account providers, then you now understand the terms of services of each provider differ. You can’t compare High Risk Pay with other services such as Durango Merchant Services or Host Merchant Services, and more.

That is because each brand is known for something specific and has different features. Highriskpay.com outshines other high risk merchant account providers as they not only accept all businesses listed in high risk industries, they also give a chance to merchants with bad credit scores.