A bank account for high risk merchants is most commonly referred to as a high risk merchant account. In order to accept debit and credit cards from customers you’ll need one that is customized for your business. Follow the steps below to find the merchant account provider that suits your business-type and can provide sustainable payment processing.
Ecommerce stores in certain industries require a high risk bank account in order to accept credit card payments from their customers. To sign up, contact a provider that has experience with your business type. For example, some are experienced boarding international accounts, while companies like Zen Payments specialize in adult, CBD, firearms, nutraceuticals and more.
High risk payment processors make the first step easy. First find a form on their website and fill out your information. An agent from the company usually responds very quickly to walk you through the application process.
In the high risk payment processing space it’s common to hear that someone’s merchant account was shut down. If this happens to you, be sure to seek out new payment processing options to get your website operational as soon as possible
Your payment processor will close your merchant account for a number of reasons the three most common are as follows: