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High Risk Merchant Accounts

High risk merchant accounts are designed to help businesses process payments. These businesses are, for various reasons, classified as risky, such as those in industries like CBD, adult entertainment, travel, gaming, and e-cigarettes. Higher-risk underwriting with banks that accept those risks, allows the businesses to get approval in the high-risk space and receive competitive rates on their merchant accounts and payment gateways. This allows them to easily accept debit and credit card payments while providing an extra layer of security.

Bad News. Good News.

The Bad

As in most industries, higher risk generally means higher cost. Debit and credit card processing is no different. Generally, a high-risk business can expect to pay higher processing rates than those of a low-risk business.

The Good

Dual price payment processing is now available to high-risk business types. Dual price has a cash price and a slightly higher credit price, as many gas stations do. This allows you to make the same profit on credit sales as cash sales. The credit price pays the payment processing costs, dramatically increasing profit.

Accepted List

Adult
Airlines & Booking
Auto Warranties
Background Checks
Bad Credit
Business Consulting
Business Opportunities
CBD Oil
Continuity Billing
Credit Education
Credit Monitoring
Dating
Debt Collections
Fantasy Sports
Firearms
Gentleman’s Clubs
Health & Beauty
High Ticket Coaching
Male Enhancement
Memberships
Marketing
Nutraceuticals
Pawn Shops
Pay-Day Lenders
Skin & Hair Care
Subscription Boxes
Travel
Vape & E-cig
Web Design & SEO
And More!

As experts in challenging and hard-to-place merchants applying for payment processing, Coastal Payment Systems will get your business pre-qualified and approved with a high-risk merchant account and the best US and International banking solutions catered specifically to your business needs.