For over 5 years, Corepay has specialized in providing merchant account services to a wide range of high-risk industries. 95%. If you are the owner of a small or medium business in online retail, games, IT, digital content or non-profit sector, then EU Merchant Account will help you open a special “Low/Medium Risk Merchant Account”. 9% + 30¢ online. However, ProMerchant’s pricing is considerably lower than Clover’s. . Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. Underwriting process: The payment processor conducts a thorough review of the business’s industry, financials, chargeback history, and other relevant factors to determine the risk level. Dharma Merchant Services: Best for merchants who process more than $10,000/month. ”. Low Risk. A high-risk merchant account is for businesses that operate in high-ticket industries with increased risks of fraud and chargebacks. Credit card processing fees are higher. processing application (MPA) that is signed and completedHigh-risk merchant accounts allow risky business ventures to take credit/debit card payments from customers. It is possible for the bank to place a rolling reserve. net Learn more about what constitutes a low-risk merchant A business that accepts credit cards for goods or services. net Gateway. It also includes enterprises where client payment details have an increased risk of exposure. Deals in mostly low-value transactions. net lays the groundwork for a more streamlined high risk payment processing experience. Again, it all comes back to that one word: risk. Fastest application process: Soar Payments. There is a solution for every legal business. No monthly minimum (low-risk accounts) Interchange + 0. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. 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. The third main difference is that a high risk merchant account has an average credit card transaction of over $500 while a low risk account has an average credit card transaction of less than $500. The benefits of having a high-risk merchant accountAuthorize. Low-risk merchant accounts are designed for businesses that have a consistent volume of sales, low returns/chargebacks, and are in well-established industries. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. Fortunately, we offer an easier and cheaper way here to accept card payments online. Some reasons why your business may be deemed as a high-risk merchant account are as follows: high ratio chargebacks, accepting. The business or the owner has a bad financial history. 3) Industry is considered low-risk, such as retail. These gateways are equipped to handle the nuances of risk credit. Open a business bank account. This can be proven with a valid business license. If you’re considered a “low risk” merchant, that’s good news! You can expect to have significantly more choices of merchant account providers than your “high risk” peers. 20. High-Risk & Low-Risk Merchant Accounts: While Corepay can also place low-risk merchants, its specialty is in providing merchant services to businesses that are deemed to be in a high-risk category. High-risk merchant accounts support online payments worldwide, which could increase revenue and growth. Third, there is one more benefit, this one less obvious. high risk merchant accounts is the amount of fees. Here at Shark Processing, our sole focus is securing low-cost,. 6. Rather than interchange-plus pricing, you will have to pay tiered pricing. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. 3. Signing up for NMI: 2 types of website owners. ProMerchant’s rates are 0. A high-risk merchant account is a label your payment processor has given your business. Get a free card swiper from Square at no cost when you create a free account. High Risk Merchant Accounts. Due to its great track record with high-risk. High risk merchant accounts are the hardest ones to get and the most costly. Treati. Have you been facing trouble for keeping a merchant account or for being approved for your business because you have been labeled “high risk”, you may also have other options. It is best to find a high-risk processor who understands the needs of businesses with bad credit. Additionally, a business with a heightened likelihood of fraud would be marked as high risk. Additional fees: Additional fees include PCI compliance, account setup, statement generation, and customer support. Low-risk accounts usually benefit from lower prices because they demand less work from payment processors. A rolling reserve that can be held for up to 180 days (or longer in some cases) after account closure. Level 2 processing is built-in, with no additional monthly fees. Stripe: Best for owners of multiple businesses and brands. If you want to register for credit card processing and a merchant account, you must determine whether you are a low-risk or high-risk merchant. A low-risk merchant account needs to meet many requirements, including a smaller number of transactions, low chargebacks, and low revenue. 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. EMB offers services that include chargeback mitigation. merchant accounts), you’ll typically need to process $5K-$10K in monthly transactions to justify the cost. : Best for global payment processing. Merchant services companies lose money on chargebacks. When you call or email, you’ll always speak with our friendly, in-house client support team. And with evidence showing that 75% of eCommerce businesses saw an increase in fraud attempts in 2021, it’s more important than ever to understand high-risk transactions, as. High-risk payment gateway Europe is a payment gateway designed to facilitate high-risk transactions for merchants and customers in the European Union. For instance, you can benefit from higher approval. National Processing: Best for an all-around processor. 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. Dharma: Best for Transparent Pricing. Why Some Businesses Need a High-Risk Merchant Account to Use an Authorize. A merchant account is a specific type of bank account that allows merchants to accept payments. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. ”. Moonlight Payments stands out as a dedicated payment processing provider for high-risk merchants and specialized industries. g. 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. CDGcommerce: Best for an eCommerce/MOTO specialist. For this type of business, the merchant needs a high-risk payment gateway and high-risk merchant accounts. Low-Risk Merchant Accounts. They can take a little longer to approve, but Treat. The best merchant account for small businesses depends on your specific circumstances. Certain industries are labeled as high-risk – operating under more stringent regulations with substantially higher transaction costs (e. High-risk vs. in-person; 2. Most Merchant account providers use specific criteria to categorize accounts as high-risk or low-risk merchant accounts. Excessive chargebacks are a prime reason why merchants are denied payment processing services. SMB Global is the option on our list with the longest standard contract length, three years. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. Reason being, merchants in our payment processing world come under low-risk, medium-risk, and high-risk categories. What We Look For in the Best Merchant Services 1. The merchant account acts as the middleman between the. High-Risk Merchant Accounts. High-risk Vs. High-risk merchant accounts differ from low-risk accounts in the following ways: Almost always a full-service merchant account (PSPs typically don’t accept high-risk businesses) Extensive underwriting process required before account approval; Might be underwritten by an offshore bank or processor; Typically require a long-term contract To lower risk, the merchant account provider may seek address verification. The best merchant account providers help businesses through every step of the process. In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. 541612 - Human Resources Consulting. eMerchant Authority is the leader in payment processing for high-risk merchants. Other examples of high-risk businesses include bail bonds, electronics, and credit repair companies. If your business fits into any of these categories, you’re primed to start working with Dharma. A team of high-risk analysts or an individual analyze your business to find out any type of risk. This may include per-transaction and chargeback fees as well as setup, cancellation, and other one-time costs. The primary aspect that qualifies your business model in a high-risk. Square: Best Free Merchant Account For Small Businesses. High Risk Pay distinguishes itself as a pivotal player for businesses in need of merchant accounts tailored to high-risk profiles. but merchants need to read the fine print: this service comes at a price. Corepay understands that digital payments are intrinsically tied to the success of eCommerce businesses. Define your project needs. Simply keep in mind that we determine our rates based on your monthly processing volume as well as your individual business’s risk factor, but our rates can start as low as 6. They call their accounts high-risk merchant accounts and charge you more in processing and chargeback. While the vaping/e-cigarette industry is highly profitable, banks and credit card processors also consider it high-risk. To get a merchant account, one must submit an application with a merchant account provider. In our review of merchant services, PaymentCloud earned an overall score of 3. clothes, shoes, kitchenware, food. Most of the merchants in the E-Commerce industry are challenged to keep the balance between the increase of revenue and fraud levels. 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. Variable transaction fees. A high-risk merchant account is a business that a credit card processor is more likely to lose money on. 1) Online payments where the purchase is made via the Internet and not at a physical store. The main difference between high-risk and low-risk merchant accounts is the financial risk associated with each. 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. Low-Risk Merchant: High-Risk Merchant: Average monthly sales volume: Less than $20,000: Over $20,000: Average credit card transaction:. SMB Global provides a merchant account to high-risk businesses. Zero or low chargeback ratio. 2. Maximize approval ratios based on your target customer base. How do I get a Low Risk or High-Risk Merchant Account? Our specialty is matching a business with a suitable credit card processing service in a specific geographic region. Square. General characteristics of a low risk merchant account. A Delta 8 merchant account is a type of merchant account aimed to ease the transactional process of Delta 8 businesses. These businesses are often rejected by standard merchant accounts because of the risk to banks. That said, business credit experts have identified low risk industries for business credit that have a higher level of “fundability. They will provide the best rates for services, plus they will offer more lenient terms for services. Gspay. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. You might get a rate of about 0. This includes the merchant, the credit card company, and the bank that issues and finances the card. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. Ultimately, this results in downtime while they resolve the issue. An online merchant is a business that sells goods and processes payments over the Internet. 2. Treati. With a CBD payment processor that fits your. This can include businesses in certain industries, such as online gambling or adult entertainment. The following are some differences between low and high-risk merchant account that you should know: Low-Risk Merchant Account. In addition to the features and services already mentioned as part of the high-risk merchant accounts, 5 Star Processing also offers the following notable features. 1. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. With most full-service merchant account providers, you can expect to pay about $15-$30/month just for access to ACH processing, plus per-transaction processing charges that typically hover. In-person payments cost the merchant a fee of 2. Reason being, merchants in our payment processing world come under low-risk, medium-risk, and high-risk categories. Low risk merchant account include online apparel stores, bookstores, pet supplies, retail shops, parking garages, and more. 2) High chargeback ratio. As compared with a high-risk merchant account, low-risk accounts often. Industries labeled low risk have. So, if you are in requirement of a high-risk merchant account Europe (Albania. Stax: Best for avoiding transaction fees. The high-risk merchant account holder will gain the wisdom to successfully navigate the market and maximize sales and profits after making a few risky transactions. However, standard and high-risk offshore merchant accounts that want to take advantage of the global e-commerce sector can use worldwide international. Luckily, while the process to get one is a little more complicated, there are many benefits to a high-risk merchant account. High risk merchant accounts come with higher transaction fees, stricter underwriting requirements, rolling reserves, and limited processing options. Low personal credit score, typically 500 or less; Outstand liens on property; Applying to a high risk merchant account provider you must be sure to have all the proper documentation ready and identify the terms and fees that will be coming from the provider. And just as the name suggests, a low-risk merchant is a merchant business that carries a significantly lesser amount of risk. The bank will then process your application and determine your merchant account fees. your business’s features. There are many more advantages of using high-risk merchant accounts -: It offers you long-term growth opportunities. ”. The provider may approve riskier applications but at a higher fee. See full list on corepay. They have an average deal value of less than $500. Low-risk merchant accounts are best suited for businesses with low transaction volumes or large up-front investments. When shopping for a check by phone merchant account, it is important that you understand how the electronic checks are processed. The high risk gateway services. io Features. Monthly fees: These fees are typically meant to maintain your merchant account. 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. Starts at $0/month for unlimited devices and locations. The Best Merchant Account Services. Has consistent revenue streams all year round. To define a low-risk merchant account, it’s important to look at the common characteristics of these accounts. If the business has low to zero chargebacks. Our team will go over your documents, and you can start accepting different payments. com may open an account for a company and close it after a few. 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. Low-risk merchant account. 30 transaction processing fee. What is a High-Risk Merchant Account? According to Nerd Wallet, a high-risk merchant account is required if a business with a greater risk of fraud or chargebacks — or with certain other. A high-risk merchant account is a specially designed payment solution that enables businesses in high-risk industries to accept card and electronic payments. Low-risk businesses are easier for merchant service providers to trust. When it comes to low risk merchant accounts, typically the reoccurring monthly fees are low or minimal, but that is not the case with a high risk credit card processing merchant account. 10 per transaction (low-risk accounts) Processing rates vary by the acquiring bank/back-end processor (high-risk accounts). The good news is there are a lot of merchant service providers that specialize in high-risk merchant accounts. Though, high-risk merchants need to pay extra than the traditional merchants. Best for online and international sellers: Durango Merchant Services. High-Risk Payment Processor Requirements. Low risk industries are generally those that have a low incidence of fraud and chargebacks, and as a result, they typically pay lower processing fees and have fewer restrictions on their accounts. As with Square’s extremely popular services for low-risk businesses, the company fully discloses all prices for its CBD program on its website. These businesses often operate in industries that, for various reasons, carry a higher level of risk. High-risk businesses are charged greater processing fees than low-risk enterprises to determine the interchange cost they will pay. 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. The company specifically markets. PaymentCloud: Variable monthly account fee. Low Risk merchant accounts allow organizations that are deemed low-risk to accept payments online and offline. Let’s Understand The Low-Risk Merchant. But they can expand the possibility that the merchant will need a high-risk . A high-risk merchant account means payment processors and card networks view the company as being more likely to default on its payments, suffer high levels of chargebacks, or even commit fraud. This special registration fee is only required for businesses in high-risk industries. Excessive chargebacks are a prime reason why merchants are denied payment processing services. What Is A High-Risk Merchant Account? A payment service provider can make the determination if a business is a high risk if they have a higher than. Clover: Best for POS. Low-risk merchant accounts also have low chances of fraud and minimal sale amounts. You will have live, toll-free merchant assistance by calling 855-551-8558 FREE anytime — 24 hours a day, 7 days a week, 365 days a year. ccNetPay – Best for a simple pricing structure and EU transactions. Validate your high-risk Level 4 merchants’ compliance with the PCI DSS. A high risk merchant poses more of a financial risk to the processing company. 5% to 1% higher than low-risk processing rates, which end up ranging anywhere from 3. In Summary: 5 Best Bad Credit Merchant Account Providers. Average card transaction is below $500. High-Risk Credit Repair Merchant Account. 3. PaymentCloud: Best for free credit card terminal. 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. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. One of the biggest differences between low risk vs. However, you can also use the EPD Gateway with. PaymentCloud is a merchant services provider. Our process is simple so you can focus on your business. 2) Chargeback ratio is low to nothing. While low-risk retail and ecommerce merchants can pay as low as $10 per month, high-risk merchants should expect to pay an average of $25–$45 monthly. Stripe: Best Online Processor. High-risk merchant accounts differ from low-risk accounts in the following ways: Almost always a full-service merchant account (PSPs typically don’t accept high. Here’s how this process works: 1. The credit card transaction average is $500; Minimum returns;High Risk & Low Risk Merchant Accounts. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. 9% plus 30 cents per transaction. Payment processors will categorize your company as low risk when: Your company brings in less than $20,000 per month. Online merchants, in the eyes of acquirer banks, are divided into 3 categories: high, Easy Pay Direct is a payment gateway and merchant account provider that serves a wide variety of high-risk and low-risk industries. You can expect to get the low-risk merchant account within a day. You may also end up paying for a long list of services such as PIN debit network fees, payment gateway fees, monthly account fees, and more. This process is merchant underwriting. 05 per transaction. When it comes to merchant accounts, there are high-risk and low-risk businesses. The main difference between a high-risk merchant account and a low-risk merchant account is that the former operates in scenarios that are deemed to be extremely risky as outlined above. Processing costs for every sale will be higher in general, sometimes more than twice those for low-risk merchant accounts. They will provide the best rates for services, plus they will offer more lenient terms for services. Choosing the right PSP or acquiring bank for your high-risk merchant account is a real challenge to high-risk merchants. November 14, 2021. This leads to a reduced risk. Businesses classified as low-risk typically operate. Party of 4: innocent buyer; a victim of credit card theft; legitimate merchant; scammer/middleman; The cardholder places an order from a fraudulent, fake storefront that is offering goods at. clothes, shoes, kitchenware, food. Higher set-up fees: High risk comes at a price and the price is that you pay more in setup fees. With the use of an Authorize. Best for online and international sellers: Durango Merchant Services. Operate your low risk business easily. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. Albeit new to the industry, CorePay has effectively worked with countless merchants by providing polished merchant account services that put safety, security, and efficiency. Check by phone merchant accounts are available to businesses in all types of industries. Your merchant account provider will send the transaction details through its backend processor to the customer’s card issuer . Which types of merchant account you need for your online businesses depends on your company's risk factor. Generally, a low-risk merchant account comes with limitations, and its fee is also low. High Risk Pay is one of the fastest growing companies in the credit card industry since 1997. If the average ticket is less than $500. A subsidiary of Visa, Authorize. The underwriting process for high-risk credit card accounts is more stringent than for low-risk accounts. A low-risk business is any business that potentially generates a low amount of chargebacks, is registered in progressive countries, and does not operate within listed banking network verticals. Processes less than $20,000 monthly. Based on criteria that are developed by merchant service providers, your merchant account can fall into either one of the following: High Risk and Low Risk. You will need to either find another way to accept. 50% + $0. Many companies consider this to be having a merchant account. Apply. Once we have placed your business with a suitable high-risk banking partner, we will work with you to. It provides high risk businesses with the necessary tools to navigate today’s eCommerce. 24/7 SupportBest high risk merchant accounts at a glance. Online payment processors fall into two categories: With direct processors (a. In 2021, consumers paid for 70 percent of their purchases with a credit or debit card. Payment processors that offer high-risk merchant accounts understand the unique challenges faced by high-risk merchants, such as an increased likelihood of chargebacks or fraud. Companies like Shark Processing help merchants expand their reach globally and tap into new markets, offering convenient payment options to customers worldwide. Here’s what you might pay if you choose to sign up directly with Authorize. Payment Depot: Best for High Transaction Volume. Merchant accounts for high-risk businesses are more dangerous for banking systems to operate with. What are high-risk merchant account and low-risk merchant account? Before jumping into finding the ideal merchant service provider, you need to answer some questions beforehand. Stax: Best for Subscription Pricing. The processing costs for all transactions will often be higher than those charged by low-risk merchant accounts. 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. 2. Low-risk merchant account. 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. Riskier companies may still be approved, but with. Interchange + 0. Those are just the main reasons why a merchant may be considered high risk. Low-risk rates, as low as $99 per month and $. This label is often due to the. 9% for all total transactions. 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. Since high risk businesses are more likely to experience chargebacks, they have to pay higher fees for the merchant services. You recommend contacting your account provider and discussing these factors to clarify the risk level assigned to your account. In order to be considered low-risk by underwriters, your business needs to meet the following criteria: Your business processes lower volume. 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. 1. Reduction in Processing Delays. The payment gateway high risk business will differ from low-risk businesses in terms of cost and processes involved. account, you will typically need the following: A merchant A business that accepts credit cards for goods or services. If you are a merchant with a history of a lot of chargebacks your payment processor may want a. Other features may include check processing services, online account reporting features, services to make sure your account is PCI Compliant and a lot more. That said, they have the benefit of more generous transaction limits and. GSPAY is a little-known high-risk merchant account provider that offers a variety of fixed rates for different types of businesses. Your merchant agreement will depend on whether or not your nonprofit is classified as high-risk. This includes information on individual transactions and batch totals with comprehensive reporting tools. If you own a high-risk businesses you are susceptible to chargebacks. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. If you’re considered a “low risk” merchant, that’s good news! You can expect to have significantly more choices of merchant account providers than your “high risk” peers. Genome's fees for some services differ for low-risk and high-risk accounts. Here's a rough guideline to help you differentiate between a high risk and low risk business. Again, it all comes back to that one word: risk. 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. Authorize. Average transactions under. Show Summary. While low-risk merchant accounts are typically short term (sometimes even month to month), high-risk merchant accounts often run between three to five years and feature automatic renewal clauses and early termination fees. On the other hand, low risk merchant accounts. Compared to a regular account, a high-risk merchant account will have the following. Low-risk merchant accounts are less expensive and have fewer requirements, but are only available to businesses in low-risk industries. When can you apply for a bad credit merchant account?Everyone can send an application, whether low or high-risk; however, the process might differ. Processing and Payment Gateway Differences: A high-risk merchant account often require specialized high-risk payment gateways due to the nature of their business. in-person; 2. For low-risk merchant accounts, these fees can rack up to $15 to $50 per incident, depending on the transaction value. Your customer pays for your goods or services with a credit card using your POS equipment, a virtual terminal, or a mobile app. Comparing high-risk and low-risk account holders. Staying on top of any requests for supporting documents. Many low-risk businesses run into chargeback issues that force their merchant account to close. Your payment service providers will impose a fee when you use your merchant account, accept credit card payments, or agree to pay from your debit cards. Where such a high-risk account is involved, banks tend to be hostile, and such industries are almost completely barred from opening accounts. 95% for every transaction compared to 0. High-risk businesses are those that are considered to be a higher risk for chargebacks or fraud. High-risk merchant accounts are services that enable companies to accept credit card payments from customers. 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. Based on various characteristics, credit card processors divide merchants as either high risk or low risk. As such, the primary factors that matter with a high-risk merchant account are processing history and industry reputation. Therefore, while we provide high-risk European merchant accounts, we can also offer our clients low-risk processing, should they qualify. 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. 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. Affordable high-risk rates starting at a blended 2. 2) low-risk merchant accounts. The quality that sets this company apart from its. 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. Square: Best Merchant Services For Low-Volume Businesses. Low-Risk Merchant Definition. These are. High risk merchant accounts come with higher transaction fees, stricter underwriting requirements, rolling reserves, and limited processing options. Our services are secure. It allows you to take credit card payments, handle more transactions, and keep your operations safe. 05%-0. High-Risk vs. Low-risk merchant account suppliers are also available along with high-risk merchant account providers. Per standard industry practice, payment. However, the company specializes in serving the high-risk community, accepting a very wide variety of industries that ordinarily struggle to get approved for credit card processing. Obtaining a merchant account with bad credit requires multiple steps. There are other plenty of merchant account providers that comprehends the situations and offer services precisely for high risk industries & high risk businesses. Host Merchant Services: Best for large high-risk businesses. It supports businesses of all sizes, offering both standard flat-rate and interchange plus pricing. Even though the criteria might differ from one provider to another, there are some fundamental. High-risk vs. Here are the best international merchant services that provide international payment processing, international payment gateways, and international merchant accounts for a variety of circumstances. , those with both physical and digital storefronts), Moonlight addresses the unique challenges faced by businesses in sectors like. e. Read our Review. Typically, a merchant account for credit repair is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. When it comes to low risk merchant accounts, typically the reoccurring monthly fees are low or minimal, but that is not the case with a high risk credit card processing merchant account. Definition of Low Risk Merchant. So these are some differences between low and high-risk merchant accounts that you should know: Low-Risk Merchant Account. various factors collectively decide the risk category for a particular business. A high-risk merchant account operates as a specialized business account for high-risk businesses. A high-risk merchant account is a specific type of payment processing account that is required for certain businesses. 30% + $0. Best low risk merchant account services for low risk business from AMSLV. Claim your card reader. [1] Statista. Mony Zenou, Founder, President, and CEO of Dejavoo Systems joins the show to discuss the power of cloud based POS offerings, and more. If you own a business, you understand the value of having a dependable payment processing solution.