High Risk Merchant Account

Industries that qualify as high risk include adult gaming, gambling, prize draws and competitions, pharmaceuticals, debt collection, dating services, e-cigarettes/vaping, CBD products, charities, crowdfunding platforms, lotteries, auctions, adult entertainment and cryptocurrency. These industries are deemed high risk due to various factors such as regulatory complexities, higher incidence of chargebacks, potential for fraud, and increased scrutiny from financial institutions. As a result, businesses operating in these sectors often face challenges in accessing banking services and require specialised solutions, such as those provided by RiskLink, to navigate the financial landscape effectively.

1. Initially, the client is contacted once they reach out to us.
2. We provide them with a NDA contract to ensure peace of mind.
3. A contract is then sent, and half of the fee is collected.
4. In the event that a suitable banking partner cannot be found, that fee is refunded, unless false information has been provided.
5. Next, we request information and documentation about the business, directors, shareholders and UBO’s.
6. We determine which bank would be the best fit and present the client with several options.
7. The client is then referred to the chosen bank, which conducts its due diligence.
8. When approved, the remaining fee is collected and the bank takes over direct communication with the client.

High-risk merchant accounts are essential for businesses in high-risk industries to accept payments securely and efficiently, enabling them to operate and grow despite the challenges they face.

Setting up a high-risk merchant account can be a process influenced by various factors, from the intricacies of your business model to the specific requirements of banking partners. However, leveraging our 20 years of experience in high-risk banking, RiskLink has streamlined this process to ensure efficiency without sacrificing thoroughness. Our seasoned team is adept at swiftly analyzing client information, requesting only the essential documentation needed to initiate the setup. Moreover, our extensive network of banking partners enables us to match your business with the most suitable institution, expediting the setup process further. While the exact timeframe may vary based on individual circumstances, our commitment is unwavering—we work diligently to minimize delays and ensure a swift setup process. With RiskLink, you can expect to have your high-risk merchant account established in less than 10 days.

The fees associated with high-risk merchant accounts typically comprise a fixed and competitive amount. Moreover, in the rare instance that a suitable banking partner cannot be secured, RiskLink refunds 50% of the fee, contingent upon the authenticity of the provided documentation.

Yes, RiskLink specializes in assisting businesses with previous chargeback issues. Our team will work closely with clients to develop strategies for mitigating chargebacks and improving overall payment processing efficiency.

Yes, RiskLink works with businesses of all sizes and credit profiles. Our team will assess your business’s specific situation and work to find a suitable merchant account solution that meets your needs and objectives.