What makes a business High Risk?
Each bank, account service provider, and payment processor establishes its own criteria for identifying high-risk merchants. Typically, there are two key elements to take into account: your industry (certain verticals are less secure or stable than others), and your financial profile (credit history, past performance, etc.). In other words, most agencies consider a merchant high risk if they have a high fraud rate, high sales volume, poor credit rating or use recurring payments.
IntegralPay specializes in providing merchant account services to a number of high-risk industries. Choosing the right payment provider or getting a bank for your venture merchant account is a real challenge for venture merchants. However, IntegralPay is here to help leverage our years of experience and leverage long-term partnerships with high-risk procurement solutions to help your High-Risk business grow.
For our complete list of High Risk businesses please check out our Restricted and Prohibited Businesses list.
Advantages of a High Risk Merchant Account
Are you Eligible for a High Risk Merchant Account?
IntegralPay tries to be as flexible as possible with our clients. We consider each application based on the circumstances of the business owner. You will receive fair treatment throughout the review process.
Do you have questions about our review process and merchant account eligibility requirements? If so, contact our team to have all your questions answered.
Supporting Documents Checklist
- Drivers License or Government Issued Photo ID
- Document showing Proof of Company Registration (Sole Proprietorship, LLC, ETC)
- Voided Check/Bank Letter
- 3 Months Bank Statements
- 3 Months Processing Statements (if available)
- Articles of Incorporation
- Fulfillment Agreement
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