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. Higher fees. 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. They are: Low-Risk Merchants; Medium-Risk Merchants; High-Risk Merchants; Typically, each merchant type has its characteristics. Merchant account Visa, MasterCard, American Express for low-risk businesses is a. PaymentCloud: Best for free credit card terminal. Low risk merchants are not usually required to set aside a reserve fund unless they have a low credit score. This ecommerce store transacts through a virtual terminal and payment gateway. Step 1 — the first step of the merchant account process involves a transaction made by the customer. PaymentCloud: Variable monthly account fee. Are You a High Risk or Low Risk Account Merchant? Before you can begin researching merchant services providers, you need to ask yourself a few questions about the. A low-risk merchant account, among other things, usually has these characteristics: They accept only one type of currency. 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. A high-risk merchant account operates as a specialized business account for high-risk businesses. A high-risk merchant account is a type of business bank account set up by a payment processor that allows merchants to accept credit and debit cards for their business, even though they have been. High-risk merchant accounts support online payments worldwide, which could increase revenue and growth. Typically, monthly fees range from $10 to $50. We cater our services to both high and low risk merchant services. 1. High-risk businesses are also more likely to have returns, refunds, and chargebacks. 30 transaction processing fee. The high risk gateway services. Before reaching merchant services, Recognize some circumstances: Should be looking which payment type preferred by customers. The total transactions they process each month are less than $20k, they do. 6% plus 10¢ per transaction. A high-risk merchant account enables you to sell in riskier markets. Transaction fees: Often range between 1% to 3% of the transaction value. It nullifies the challenge and struggle of choosing the right high-risk merchant account or the right PSP. You’ll likely pay higher in merchant account and payment processing fees. Dharma: Best for Transparent Pricing. 8 minutes. High-risk processors will be able to guide you on ways to reduce your chargebacks and keep your fees low. Merchant accounts for high-risk businesses are more dangerous for banking systems to operate with. GSPAY is a little-known high-risk merchant account provider that offers a variety of fixed rates for different types of businesses. Best merchant services in 2023. Square: Best for businesses that are seasonal or process less than $10,000/month. Many acquiring banks in the US consider merchants looking for offshore merchant accounts as high-risk clients. net Gateway. Whether you’re a low or high risk business model, we’ll help you speed up the. Low-risk rates, as low as $99 per month and $. A low-risk merchant may need to meet many requirements; however, the most important are: low revenue, few transactions, and low chargebacks and returns. Payment processors have different guidelines but have common factors around. io as our favorite online credit card processor for cannabis and CBD vendors due to its willingness to work with these merchants when many providers will not. A team of high-risk analysts or an individual analyze your business to find out any type of risk. Fortunately, at Shark Processing, we specialize in high-risk payments and can assist you in opening a high-risk merchant account, no matter your industry. A high-risk merchant account is a specific type of payment processing account that is required for certain businesses. There are additional considerations for the payment process in cases of high-risk accounts. Help us determine which bank is best suited for your business by giving us a complete picture. A high-risk merchant account will accept the risk and allow you to process. General characteristics of a low risk merchant account. 30 per transaction. The following are. Simple application process: submitting an application for your high-risk merchant account is so straightforward. Types of Merchant Accounts. A high risk payment processor should provide excellent service and competitive rates—but there are some negative aspects of high risk merchant accounts that are unavoidable. The Best High-Risk Merchant Accounts of 2023. Even low-risk merchant account fees vary widely. A new business may have to rely on high-risk merchant account services until it has enough history to qualify for a traditional low-risk merchant account. A high-risk merchant account is a label your payment processor has given your business. 20. The processing costs for all transactions will often be higher than those charged by low-risk merchant accounts. Best for chargeback monitoring: SMB Global. Albeit new to the industry, CorePay has effectively worked with countless merchants by providing polished merchant account services that put safety, security, and efficiency. The good news is there are a lot of merchant service providers that specialize in high-risk merchant accounts. 2. No advantage or low cost is worth it if a provider does not offer adequate customer service. On the other hand, high-risk merchant accounts deal with high-risk items like cannabis, tobacco, firearms, airplane tickets, virtual currencies, and pharmaceuticals. Interchange + 0. A high risk merchant poses more of a financial risk to the processing company. A low-risk term will be PCI-compliant and will ensure all data it stores and uses is kept private and works in the right hands. If a merchant has a high chargeback rate. ”. High-risk merchant accounts are payment processing accounts geared to businesses operating in high-risk industries and more prone to chargebacks, fraud, regulatory hurdles, and legal issues. Soar Payments, by contrast, has. Your average ticket size is significantly. A flat-rate pricing structure is offered by Stripe:Let’s Understand The Low-Risk Merchant. Here are the best international merchant services that provide international payment processing, international payment gateways, and international merchant accounts for a variety of circumstances. 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. Understand more about being in high risk verticals by researching payment review websites with key information. On top of that, there is a $500 cancellation fee. Processing costs for every sale will be higher in general, sometimes more than twice those for low-risk merchant accounts. Low-Risk Merchants Explained. In the world of merchants, the ability to process credit card transactions is vital to the survival of your business. Low-risk merchant accounts get month-to-month agreements with no early termination fees, while high-risk accounts may have to sign a two-year contract and an ETF. This gives many merchants the opportunity to fix problems from previous processing partnerships and work towards a low-risk merchant account. “ Market share of cash, credit cards. Open a business bank account. Your customer pays for your goods or services with a credit card using your POS equipment, a virtual terminal, or a mobile app. 3) Industry is considered low-risk, such as retail. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. The merchant account provider will likely approve your application if your business history and transaction type make you a low-risk option. You have zero to low chargeback ratio. Our experts at Salus Payments recommend trying to keep your chargeback ratio less than 0. If you are a merchant with a history of a lot of chargebacks your payment processor may want a. By partnering with QuadraPay, low-risk merchants can increase their chances of obtaining same day approval for a merchant account and enjoy the benefits of a reliable and secure payment. Unlock the Benefits of a Low-Risk Merchant Account for Seamless Transactions. high risk merchant accounts is the amount of fees. Transaction fee for a single transaction ranges from. Payment Depot: Best for High Transaction Volume. Banks are wary of working with businesses that have a low credit score. net Learn more about what constitutes a low-risk merchant A business that accepts credit cards for goods or services. APR: Not disclosed. Get Accepted for a merchant account via our easy online application with the leader in merchant accounts for. Merchant accounts essentially serve as a holding account to protect banks and payment processors so they don’t get burned by fraud or chargebacks. Corepay understands that digital payments are intrinsically tied to the success of eCommerce businesses. SSL and PCI. As with Square’s extremely popular services for low-risk businesses, the company fully discloses all prices for its CBD program on its website. A competitive payment processing fee for a standard retail small-business account might be 2. 3D Secure Processing. Our team will go over your documents, and you can start accepting different payments. High-Risk Payment Processor Requirements. High risk merchant accounts come with higher transaction fees, stricter underwriting requirements, rolling reserves, and limited processing options. High Risk Merchant Accounts. This includes the merchant, the credit card company, and the bank that issues and finances the card. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Durango Merchant Services has been in the hard to acquire and international electronic payments industry for over 20 years. Low-risk merchant accounts tend to enjoy more privileges, such as lower processing fees for every transaction and the ability to negotiate for more favorable pricing and contract terms. Treati. Your merchant account provider will send the transaction details through its backend processor to the customer’s card issuer . As one of the most trusted merchant account providers available, Payment Cloud has serviced hundreds of popular high-risk merchants. This is very long compared to the typical month-to-month offering for high-risk merchant accounts, so keep that in mind before choosing them. With a CBD payment processor that fits your. To get a merchant account, one must submit an application with a merchant account provider. If the business accepts only one type of currency. For instance, one of the disadvantages is the fact that it might take longer to obtain one than it would in the case of a low-risk merchant account. Variable transaction fees. Every bank and provider uses a different set of criteria to assess the. You’ll probably face a higher fee to set up your merchant account, and then you’ll pay roughly 4-10% on every transaction compared to around 1-2% for a low risk account, which can have a serious dent on your margins. FICO: N/A. It exhibits a deep understanding of the intricate landscape of high-risk payment processing and presents solutions that go beyond conventional offerings. However, for business owners looking for the best high-risk merchant accounts with bad credit, you might want to consider Electronic Cash Systems, PaymentCloud, Payment Depot, Durango Merchant Services, Soar Payments,. High risk rates as low as blended 2. 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. Payline — Best for businesses looking for affordable interchange rates and who use Visa and Mastercard. 30% + $0. Corepay is a domestic and offshore merchant account provider for both high-risk and low-risk businesses, advertising its services to the adult industry, CBD and hemp vendors, eCommerce merchants, online dating services, and other business categories considered high-risk. 25 transaction fee. 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. While many merchant service providers openly advertise their standard, low-risk merchant rates, high-risk account fees are usually less transparent because there are more variables to take into consideration. And just as the name suggests, a low-risk merchant is a merchant business that carries a significantly lesser amount of risk. 1) Online payments where the purchase is made via the Internet and not at a physical store. They partner with Payline Data who is maybe a better choice for low-risk companies. If the business has low to zero chargebacks. Let’s Understand The Low-Risk Merchant. LOW RATES. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. Learn about the best business loans for bad credit, so you can get the funding your business needs, even if your credit score is poor. It works simply; you set up your online Delta 8 store with a payment portal or shopping cart system. g. However, a low-risk merchant account offers better rates when operating a local business. You can expect to get the low-risk merchant account within a day. While they do also accommodate low-risk businesses, they are better suited to high-risk ones. Payment Gateway & Merchant Accounts. Offers Paysley QR-code payment service. : Best for global payment processing. There are certain fees business owners need to pay for merchant account services. 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. In-person payments cost the merchant a fee of 2. As is typical of the high, medium, and low-risk merchant account providers, Goat Payments doesn't disclose fees on its website. High-risk merchant account providers and general processing companies follow various measures to reduce the risk. High-risk businesses are typically those that are new, have a history of credit problems, or operate in an industry that is considered. PaymentCloud: Best overall. Comparing high-risk and low-risk account holders. They’re so well-established in fact that they work with over 60,000 merchants. High-risk merchant accounts are just as useful and beneficial as their low-risk counterparts. Stripe is one of the leading merchant services providers out there. There are no application or setup fees when signing up for an account. You’re in an industry that is considered “High Risk”; you are in eCommerce, you run high dollar transactions, your transactions happen in the future, you have poor credit or maybe someone closed your merchant account in the past - now you need a high risk merchant account. To get a high-risk merchant account, you need to go through several stages: 1. 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. Some examples of low risk industries for credit card processing include: Retail: Physical stores that sell tangible goods, such as clothing or. eMerchant Authority is the leader in payment processing for high-risk merchants. Low-risk merchant accounts are best suited for businesses with low transaction volumes or large up-front investments. 50% + $0. Here’s our list of the best merchant. It also has a strong. Customers must understand the difference between a low-risk merchant account and a high-risk merchant account. account, so you can focus on the best processing options. Tiered pricing usually offered to bad credit merchants. 6% plus 10 cents, while the fee for a high-risk account might be 2. The long, technical, boring answer: A merchant account is a type of bank account in which transaction funds sit until final settlement, at which point processing fees are deducted and funds are transferred to the merchant’s. Stripe: Best Online Processor. Many companies consider this to be having a merchant account. Best one-stop shop: First Card Payments. Excessive chargebacks are a prime reason why merchants are denied payment processing services. However, that processing fee can inflate to well over 1. Third, there is one more benefit, this one less obvious. processing application (MPA) that is signed and completedHigh-risk merchant accounts allow risky business ventures to take credit/debit card payments from customers. , Canada, Japan, Australia and the countries in. CorePay. We have a broad nationwide network which runs via our processing banks to merchant accounts. Maximize approval ratios based on your target customer base. If you qualify for a high risk merchant account, expect to pay slightly higher fees. Almost any high-risk industry can apply for a merchant account with SMB Global. This is because acquiring banks are taking on the added risk of processingThe merchant sells to countries that have a high level of fraud. SMB Global is the option on our list with the longest standard contract length, three years. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. Claim your card reader. Our objective is to give customers the satisfaction and be a reliable provider. That is probably the most unpopular pricing model, but it’s hard to avoid. High Risk Merchant Account – Get Approved in Under 24 Hours. Low-Risk Merchant Account. Instant approval hardly means instant for high-risk merchant accounts. For a high-risk merchant account instant approval, it is preferable to go for a service provider like PayCly which specializes in high-risk companies. SMB Global. Zero or low chargeback ratio. A few general characteristics that constitute a low-risk merchant to a payment processor include: Low transaction volume (less than $20,000 per month) Average transactions under $500; Business in one country that is labeled low risk (the U. Ultimately, this results in downtime while they resolve the issue. This may include per-transaction and chargeback fees as well as setup, cancellation, and other. The funds from customer payments need to go somewhere with the business name on it. merchant accounts), you’ll typically need to process $5K-$10K in monthly transactions to justify the cost. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. Merchants may be rejected based on the nature of bookings. Considering that it really takes a longer period for the setup of these accounts unlike low risk accounts, a day is indeed significantly quicker. However, high-risk merchant accounts may come with slightly higher fees, underwriting processes, and reserve requirements or other financial assurances to. Adept Payments offers high-risk merchant accounts as well as accounts for low- and mid-risk merchants. On the contrary, low-risk merchant accounts have more restrictions and are limited in scope. Square: Best overall. HighRiskPay. Payment Depot: Best for Low Fees; Chase Payment Solutions: Best for E-commerce Businesses;. Most of the merchants in the E-Commerce industry are challenged to keep the balance between the increase of revenue and fraud levels. However, these two accounts vary. Other examples of high-risk businesses include bail bonds, electronics, and credit repair companies. Customers add products and enter their payment details to pay for their orders. 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. Treat. Other Notable Features of 5 Star Processing. Deals in mostly low-value transactions. This facility is unavailable to those who want to play safe and opt for low-risk merchant accounts. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. The underwriting process for high-risk credit card accounts is more stringent than for low-risk accounts. They won’t work with certain industries because they don’t want risk. Merchant accounts work to process transactions so that customers can make sales with a debit card or credit card. g. 95%. During the merchant underwriting process, the payment provider will assign a risk level to the merchant account application. Low-risk merchants sell conventional goods and services, with usual transactions costing less than $500. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. Additionally, high risk merchant accounts are created for businesses that deal in vulnerable goods and services such as gambling while low risk. Low-risk rates from $99 /month and $. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. 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. Credit card transaction that is less than average of $500; Minimized Returns; Less than $20000 processed monthly; Zero to low chargeback ratio (These are, for instance, low-risk shoes and clothes, baby. Direct Post Integration. Square: Best Merchant Services For Low-Volume Businesses. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. Banks won’t onboard any business category that poses a high financial and reputational risk. % + $0. Click any of the links above to begin comparing costs on merchant account services for your own business's. As high-risk merchant accounts tend not to have as competitive terms as low-risk, we considered factors like a breadth of features, ease and cost of sign-up, and contract terms. A merchant account is a specific type of bank account that allows merchants to accept payments. High-risk transactions refer to credit card payments associated with significant risks of chargebacks, fraud, and other potential issues, like money laundering. 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. We have partnerships with over 25+ processors worldwide, and can place. A high-risk merchant is a type of merchant that a merchant account service provider and a merchant acquiring bank consider high-risk due to the company’s history of payments or the nature of business activities that can cause financial losses. Offers: Business loan matchmaking services. If a high risk business tries to get a low risk payment processor, there is a high chance of getting the account terminated at any time. If the average ticket is less than $500. In the beginning stages of getting operations for your company up and running, there are many business owners who initially don’t even realize that their. Even though low-risk merchants also pay a chargeback charge (an expense you pay when a client disputes the charge directly using the credit card they use) However, high-risk merchants usually have higher charges for. Obtain a business license. Are you stuck between low-risk and high-risk merchant service providers? While the specific conditions vary from processor to processor, you can get a good grasp of what to expect by comparing their account’s overall pros and cons. SMB Global Overview. account, you will typically need the following: A merchant A business that accepts credit cards for goods or services. Higher transaction fees: Transaction fees for high risk merchant accounts are not cheap. This includes online and in-person credit card transactions, ACH transfers, QR code payments, and cryptocurrency. Since account providers consider high-volume merchant accounts to be at higher risk, you will pay more for your credit card processing. High-risk businesses are charged greater processing fees than low-risk enterprises to determine the interchange cost they will pay. Low-, high-risk, & international merchant accounts; eCheck processing; Support for POS, online, & mobile transactions; Fraud protection services;. Payment processors will categorize your company as low risk when: Your company brings in less than $20,000 per month. 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. Not only that, it also has acquired bank partnerships, skills and a good reputation to help your high risk business acquire a merchant account. 05 per transaction. Some businesses have to pay high fees rather than others. However, you’ll run a lower risk of account freezes and holds. In Summary: 5 Best Bad Credit Merchant Account Providers. The average rates for setting up a low risk merchant accounts start from around one hundred and fifty US dollars. This can increase the difficulty of. Notably, when it comes to merchant account processing for high-risk accounts, the approval may take longer. The merchant account opening is free for both. Allowing businesses to accept payments on their own terms, Authorize. But they're more. Payment processors will categorize your company as low risk when: Your company brings in less than $20,000 per month. 3% plus interchange if you’re among the low-risk merchants. Here is the 4-step process of a debit card or credit card transaction and how a merchant account works:. low-risk merchantsBelow are the distinctions between a low-risk merchant account against a high-risk merchant account. For example, rolling reserves to counteract the risk of loss to the merchant, additional PCI considerations and regulatory demands. When you’re obtaining a merchant account, the acquiring bank will classify your business as either low risk, medium risk, or high risk. Since you open a. The business is in a low risk industry. 30% + $0. many high-risk merchant account providers will have the resources and expertise to help you avoid future account holds, freezes, and terminations. Average High-Risk Merchant Account Rates. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. It is possible for the bank to place a rolling reserve. Because perceived risk is subjective, there’s no concrete definition for what constitutes a low-risk merchant. your business’s features. Opening a merchant services account can require a number of documents to help the bank and its underwriters determine both the business and the. 3. As long as you only sell legal products and services, Corepay can probably accommodate your business. Low-risk accounts usually benefit from lower prices because they demand less work from payment processors. Some stand out for accommodating high-risk merchants, while others sell a variety of POS systems and card readers, or integrate with popular business apps. 9% for all total transactions. While low-risk merchants must pay the chargeback fee, high-risk merchants must pay a larger chargeback fee. 24/7 SupportBest high risk merchant accounts at a glance. High Risk Pay is one of the fastest growing companies in the credit card industry since 1997. Low-Risk Merchant Accounts. A merchant account is a particular type of bank account that business owners must establish in order to accept payments. So, if you are in requirement of a high-risk merchant account Europe (Albania. Per standard industry practice, payment. Some of these include: 541990 - All Other Professional, Scientific, and Technical Services. Review merchant submissions of SAQs, network scanreports , and Reports on Compliance (ROC), if applicable, to determine that a merchant is in compliance with the PCI DSS. High-risk merchant account providers that accept travel businesses generally do not disclose their prices, relying instead on a. National Processing: Best for Small Businesses 6. Stripe: Best for owners of multiple businesses and brands. Low-risk Merchant Account. You are incorporated in a low risk state. Fees are the main tangible difference between a high and low risk merchant account. The business or the owner has a bad financial history. If a high-risk business uses a low-risk merchant account, they may experience: Violation of terms; Increased scrutiny; Chargebacks and penalties; Legal consequences The Best Merchant Account Service Providers of 2023. Low-risk merchant account. This high level of chargebacks means merchant account processing will require more work, resulting in higher fees to cover these expenses. 2. These fees vary according to the processor, with some processors waiving most of these fees. 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. Keep reading to learn more about high-risk merchant accounts, how you may have become high-risk, and how to become low-risk by getting off the MATCH List. Certificate of incorporation. There are two main types of merchant accounts: a general purpose and a specialized merchant account. - Load balancing feature for high risk merchants. PaymentCloud: Best for free credit card terminal. Being Tagged as a Low Risk Merchant Account. A reserve, in simple terms, is a security deposit for the acquiring bank, and its goal is to protect them from potential risks associated with your merchant account. Hence, its functioning is a little bit different from the usual low-risk merchant accounts. Merchant services should support your business, not drain it with excessive fees. 9% + 30¢ online. With a low-risk merchant account, business owners not only get instant approval but also pay substantially less for merchant account services. As compared with a high-risk merchant account, low-risk accounts often. Accounts with high risk may also be susceptible to a rolling reserve, in which the payment processor keeps a percentage of your income until it can further verify that your transactions were not fraudulent or prone to chargeback! High-Risk vs. Low-risk businesses are easier for merchant service providers to trust. The first thing most merchants will notice is higher fees. Here are the major differences between low risk and high risk merchant accounts. Chargeback fees: Even low-risk merchants get chargebacks, only at a much lower rate than high-risk merchants. The biggest, and most obvious, difference between a traditional merchant account and a high risk merchant account is the risk level they accept for their services. Additionally, if. Another well-established provider, CorePay caters to both low and high risk merchants by providing tailored solutions that meet each business where they stand. Credit card processing fees are higher. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. 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. What Is a High-Risk Merchant. Many also offer additional tools such as payment gateways, virtual terminals, and point. High-risk merchant accounts are for businesses in high-risk industries that sell high-value products or services, have a history of frequent chargebacks, and have an. An International Merchant Account is a specialized financial service enabling businesses to accept and process customer payments across different countries and currencies. In contrast to a low-risk merchant. General characteristics of a low risk merchant account. Our payment gateway services give you access to information regarding your merchant account solutions. All according to this analysis your application is either. Validate your high-risk Level 4 merchants’ compliance with the PCI DSS. This merchant account allows the business to accept card payments but will come with additional requirements and fees. 2. Initially, you are required to pay the initial setup cost whether you are a high-risk merchant or a low-risk merchant. eMerchant Authority’s Online Gaming Merchant Options. 1. High-Risk VS Low-Risk Merchant Accounts Low-Risk Merchant Accounts. CDGcommerce: Best for an eCommerce/MOTO specialist. In simple terms, a high-risk merchant account is a payment processing account for businesses considered as ‘high-risk’ by credit card processors or banks. Open a High Risk Merchant Account . io is a newly-established merchant account provider that caters to both high-risk and low-risk US merchants. It also includes enterprises where client payment details have an increased risk of exposure. Definition of Low Risk Merchant. Low Risk Merchant Account. Your average ticket size is significantly less than $50. It is important to note that each payment processor has its own set of criteria, but there are certain qualities that are shared by all of the competitors on the market in terms of security. High-risk merchant accounts attract more stringent conditionalities than regular merchant accounts and are more expensive to manage. The Best Merchant Account Services. The best merchant account for small businesses depends on your specific circumstances. Industries labeled low risk have. options above. 2% plus $0.