Solutions

High Risk Merchant Account Instant Approval

instant approval for your high risk merchant account
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Taylor Stika
November 18, 2022


The merchant account application process can be a tedious one. Luckily, with instant approvals on high risk accounts , you can get credit card processing solutions faster than ever. Many payment companies are learning that a quicker approval process means satisfied customers.

As a result, merchant account providers are cutting down on the restrictions and streamlining the underwriting process. In turn, when you send in a merchant account application, your file can be reviewed by automated systems who can grant instant approval in the case of high risk accounts.

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How Does An Instant Approval Merchant Account Work?

In order to evaluate applications more efficiently, the approval process skips a human step and is done through programmatic filters. For example, your merchant application has many details about your type of business, website, and payment history. The automated tool evaluates this information instantly and provides a predetermined outcome based on your data.

Your merchant account will still be reviewed at a higher level but after the approval process. The goal for your payment provider is to get you credit card processing capabilities as soon as possible. Accordingly, an underwriting team will eventually double check all of the information you provided to ensure it matches with your business details.

What Types Of Merchant Accounts Are Instantly Approved?

There are multiple types of merchant accounts that qualify for instant approval. If you meet all of the application requirements, then companies in the high risk space can get approved. These high risk merchants include:

Automatic Approval For Online Merchant Accounts

If your company solely operates online, then you’re eligible for an automatically approved merchant account. The standards for online businesses and physical retail stores are a bit different when it comes to creating merchant accounts. For one, your address and place of business doesn’t always have to be the same location you operate. In turn, many international companies seek out automatic approvals for online businesses.

As mentioned before, a fast approval doesn’t necessarily mean a permanent merchant account. For example, if you share false information on your application and your bank finds out that your name, ownership, location, or industry is incorrect, they can cancel your contract immediately and leave you without the ability to accept payments.

No Credit Check Merchant Account

Beyond international merchants, a common reason merchants look for instant approvals is because they don’t want their credit checked. If you applied for a merchant account in the past and got declined because of your credit score, then being approved automatically can help you get up and running fast. However, the standards for the merchant account haven’t changed just because the approval time decreased.

Checking your credit is still part of the application process, but it can be evaluated more rapidly. Nonetheless, high risk merchant account providers take into consideration merchants with bad credit and understand the increased risk involved. Consequently, you should be able to find a payment solution that will work with you to get your account running regardless of your credit score.

Get Started With
Zen Payments


Our merchant service specialists are the best in the business and will work with you from start to finish to get your account approved!

Ready to Start Proccesing?
Fill out this form and a merchant services representative will be in touch!

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Taylor Stika is the CEO and Founder of Zen Payments. With a background in the payment processing industry starting in 2015, Taylor has extensive experience in managing and optimizing payment systems. Under his leadership, Zen Payments has grown and developed into a reputable provider of high and low-risk payment.


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