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The Smart High Risk Merchant Processing Solution
Secure online and in-store payments for your high-risk merchant account.
High Risk Processing We Support
AllayPay is one of the top providers of merchant accounts for high risk companies. Some of the supported high risk industries we work with are below.
Trusted High Risk Payment Processing
Guaranteed savings on high risk merchant accounts. Fast approvals and best point of sale systems available. Contact us now!
POS Systems
& Hardware
Accounting
Integrations
Omni
Channel
Personal
Dashboard
Chargeback
Management
Online
Reporting
Multiple
Gateways
Integrated
Platforms
High Risk Credit Card Processing FAQs
What are the average high-risk merchant account rates?
High-risk businesses typically have higher chargeback ratios and/or carry higher risk factors to banks. As such, owners can expect their credit card processing fees to be higher than those of lower-risk businesses. The typical range, depending on the high-risk industry, ranges anywhere from 3.25% to 3.99%.
What defines a high-risk merchant account?
A high-risk merchant account is designated by payment processors and card networks for businesses they view as having a greater likelihood of payment defaults, significant chargeback levels, or potential fraud. This classification often applies to businesses that have a history of credit issues, are in controversial or unpredictable industries, and engage in card-not-present transactions.
What factors influence the rates for high-risk merchants?
Rates for high-risk merchants are influenced by the industry, international sales, subscription-based pricing, high average transaction sizes, and more. The presence of numerous card-not-present transactions and businesses in highly regulated industries, such as cannabis or online adult, can also contribute to being classified as high-risk.
Are there any setup fees for high-risk merchant accounts?
Setup fees for high-risk merchant accounts can vary depending on the provider. While some may not charge upfront fees, others might, as part of compensating for the increased risk they’re taking on by servicing high-risk businesses. AllayPay does not charge a setup to obtain a processing account. It’s important to note that some banks themselves require a setup fee, and certain industries, such as online tobacco companies, will have to pay a high-risk registration fee directly to Visa and Mastercard per merchant account.
How do chargeback rates affect high-risk merchant account fees?
High chargeback rates can significantly impact the fees associated with high-risk merchant accounts, leading to higher processing fees. Banks usually implement stricter transaction limits or reserve requirements as a precaution against potential chargebacks and fraud. AllayPay helps mitigate high chargeback ratios by using highly integrated chargeback monitoring services.
What are the typical contract terms for high-risk accounts?
AllayPay ensures that there are no early termination fees in our contracts. This includes our high-risk merchants. We want businesses to work with us because they want to, not because they are trapped into a contract. As a result, we work harder at ensuring complete satisfaction.
Can high-risk merchants negotiate better fees and terms?
Absolutely, and we do our best to negotiate on all of our merchants’ behalf. Being transparent, providing detailed business information, and demonstrating a stable financial history help lower your rate even as a high-risk merchant.
Are there any additional costs for high-risk merchants, like compliance or risk monitoring fees?
High-risk merchants may encounter additional costs related to compliance or risk monitoring fees, which are imposed by the banks directly. This is especially the case if the industries require age verification or other specialized measures. These requirements aim to mitigate risks but can add to the operational costs of running a high-risk business.
How can high-risk merchants minimize their account fees?
High-risk merchants can minimize fees by maintaining a low chargeback ratio, demonstrating financial stability, and adopting robust fraud prevention measures.
What are the best practices for managing a high-risk merchant account?
Best practices include understanding your risk factors, being transparent with your payment processor, ensuring compliance with security standards, and providing excellent customer service to minimize disputes.
Highest Rated POS Systems & Hardware
For retailers, we offer many options for POS systems, such as Clover, LightSpeed, and CoreSTORE. We offer the most gateways available for selling online, including Authorize.net, NMI, and FluidPay.
Matching Your Payment
Processing Needs
We identify all your pain points to ensure that we customize a solution that exceeds your expectations. From integrations with Quickbooks to hundreds of CRMs, our goal is to save you time and money.
Your Exclusive Single
Point of Contact
Our staff is extremely well trained and committed to responding quickly with the complete answers you need without any runaround. We free up your time, so you can focus on growing your business.
If you’re looking for a transparent merchant processor that provides competitive fees and excellent customer service, AllayPay is the company for you. We joined them in Aug. 2022 after getting fed up with extreme fee structures for CBD-based businesses that had horrible customer service. AllayPay patiently went through a detailed vetting process with us during which time they answered every question…
The AllayPay team has been fantastic! They worked with us from start to finish and customized a payment gateway for our company, Office Furniture Warehouse. It’s been over a year since we’ve been working with them now, and they are by far the most response company we’ve ever worked with. Thank you!
Understanding how important customer service is, and customer reviews, I searched for a local processing service that would treat us like my business was valued… If you are in business and seeking someone who values your business, then you only need to make one phone call to this organization and you will understand what customer service should be. I am very happy I reached out to AllayPay, you will be as well.
AllayPay is by far the best merchant processing company I’ve ever dealt with. Jeff and his team spent days helping me get set up properly and answered all of my questions. They also helped me integrate my processing into QuickBooks Online by automatically updating the invoices as paid. With this new system, I’ve now saved 20 hours each month and over $15K each year. Thank you so much!
My company was in the market for a new credit card possessor and POS system. We reached out to AllayPay on a whim, and that was the best decision we could have made! The entire team at AllayPay has given us top-priority treatment. The level of communication throughout the entire process was top-tier… We can’t recommend AllayPay highly enough!
We were using Square and knew that our options were limited for traditional processing in our industry. Not only did AllayPay save us on processing fees, but they also set us up as fast as possible considering our unique circumstances. AllayPay was highly recommended, and we are very grateful that we choose to go with them. You won’t be disappointed!
Hands down one of the best merchant companies I have ever worked with. Fast, professional and reliable. I highly recommend them!
AllayPay is by far the best merchant processing company I’ve ever dealt with. Jeff and his team spent days helping me get setup properly, and answered all of my questions. They also helped me integrate my processing into QuickBooks Online by automatically updating the invoices as paid…
We were using Square and knew that our options were limited for traditional processing in our industry. Not only did AllayPay save us on processing fees, but they also set us up as fast as possible considering our unique circumstances. AllayPay was highly recommended, and we are very grateful that we choose to go with them…
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What Companies are Saying About AllayPay
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