Sponsored partner picks for
High approval rates
HighRiskPay.comBest High-Risk Merchant Account Providers
Calculate your monthly cost estimate
Input your business’s monthly transaction details and we’ll help you sort from the best valueProduct | Cost Estimate | Payment processing fees | Cost Estimate | Learn more | ||
---|---|---|---|---|---|---|
National Processing Learn more on National Processing's secure website | Get an estimated monthly cost for your business. | 5.0/5 Best for Dedicated account manager | In-person: 2.5% + $0.10 Online: 2.9% + $0.30 | $9.95 for Basic In-Person Package. | Get an estimated monthly cost for your business. | Learn more on National Processing's secure website |
PaymentCloud Read Review | 4.5/5 Best for Software integrations | 2.4% + $0.10 to 3.5% + $0.25 on average. | $0.00 to $50. | Read Review | ||
Payline Read Review | 4.5/5 Best for Free trial | In-person: 0.4% + $0.10 Online: 0.75% + $0.20 Plus interchange | $10.00 in person; $20 online. | Read Review | ||
HighRiskPay.com | Best for High approval rates | 2.95% + $0.25 May vary with credit or transaction type. | $9.95 | |||
Inovio | Best for High-risk online payment processing | N/A Quote-based. | N/A Quote-based. | |||
Soar Payments | Best for Variety of high-risk industries | N/A Quote-based. | N/A Quote-based. |
Our pick for
Dedicated account manager
National Processing supports low-risk and high-risk businesses alike, offers low in-person rates and provides new merchants with a dedicated account manager for more tailored support. Additionally, if your business processes at least $10,000 per month, the company guarantees it’ll beat your current processing rates or give $500.
National Processing
on National Processing's secure website
for Basic In-Person Package.
Pros
- Low in-person processing fees for a flat-rate processor.
- No termination fees or long-term contracts.
- Works with high-risk merchants.
- New merchants may qualify for a free terminal.
- 24/7 phone support.
Cons
- Fees may be higher if you process less than $10,000 per month.
- Basic plans for processing in-person and online transactions are separate.
- Mobile card reader is pricier than some competitors.
Our pick for
Software integrations
PaymentCloud merchants can integrate with a variety of business software programs in the accounting, enterprise resource management, customer relationship management, analytics, e-commerce and shipping spaces. Supported high-risk industries include accounting, alcohol, CBD, dropshipping, hospitality, travel agencies and tech support.
PaymentCloud
to 3.5% + $0.25 on average.
to $50.
Pros
- Works with high-risk businesses.
- Same-day deposits available for low-risk businesses.
- New merchants may qualify for a free terminal.
- 24/7 support.
Cons
- Website isn’t transparent about processing rates.
- May charge PCI compliance fees.
- Some plans require a contract and charge steep termination fees.
Our pick for
Free trial
Unlike some of its competitors, Payline extends one-month free trials to qualifying high-risk merchants so that you can try it out before committing. And if you commit but change your mind down the road, there are no termination fees.
Payline
in person; $20 online.
Pros
- No long-term contracts or cancellation fees.
- First month or two (depending on the business) is free.
- Works with high-risk merchants.
- No PCI compliance fees.
- 24/7 support.
Cons
- Separate monthly fees for in-person and online processing.
- Must contact Payline for information on hardware costs.
Our pick for
High approval rates
If you’ve struggled to find a high-risk processor for your business, HighRiskPay.com might be worth a try, considering its 99% approval rate. Make sure to compare quotes from multiple companies to ensure you’re getting the best rate. Supported industries include adult-themed businesses, CBD, dating apps, online pharmacies and dropshipping.
HighRiskPay.com
May vary with credit or transaction type.
Pros
- Transparent pricing.
- Accepts in-person, online and recurring payments.
- No contract or setup fee.
Cons
- Monthly fee required.
- Limited integrations.
Our pick for
High-risk online payment processing
In addition to offering a hosted checkout page and virtual terminal, Inovio lets online high-risk businesses price goods and services in 49 different currencies. It also has online subscription billing software for businesses in a variety of industries, including rentals, meal delivery and software.
Inovio
Quote-based.
Quote-based.
Pros
- All-in-one processing and POS solution.
- Processes international payments.
Cons
- Lack of pricing transparency.
- No option for processing in-person payments.
- Limited integrations.
Our pick for
Variety of high-risk industries
Some of the industries supported by Soar Payments include antiques, CBD, credit repair, medical billing, telemedicine and property management — plus dozens more. The company, however, does not support ultra-high-risk industries like adult businesses, bitcoin, gambling and debt collection.
Soar Payments
Quote-based.
Quote-based.
Pros
- Accepts in-person, online and recurring payments.
- Offers several popular integrations.
- No setup fees.
Cons
- Lack of pricing transparency.
- Restrictions on recurring billing approval.
Payline: Best for free trial
- $10 for in-person sales.
- $20 for online sales.
- Interchange plus 0.4% and 10 cents for in-person transactions.
- Interchange plus 0.75% and 20 cents for online transactions.
PaymentCloud: Best for software integrations
- 2.4% plus 10 cents for low-risk retail merchants.
- 2.8% plus 25 cents for medium-risk businesses, like e-commerce shops.
- 3.5% plus 25 cents for high-risk merchants.
National Processing: Best for dedicated account manager
- $9.95 for Basic In-Person Package, Basic E-Commerce Package.
- $9.95 and up for Premium Package (for businesses with monthly sales volumes exceeding $30,000).
- $19 and up for Advanced Package.
- $99 and up for the SwipeSimple B250 mobile card reader.
- $345 and up for the Pax A80 countertop terminal.
- $445 and up for the Pax A920 handheld terminal.
- $550 and up for the SwipeSimple Aries8 POS system.
- $700 and up for the Clover Flex handheld terminal.
- $900 and up for the Clover Mini POS system.
- $1,000 and up for the Pax E700 POS system.
- $1,900 and up for the Clover Solo POS system.
- $2,000 and up for the Clover Duo POS system.
- Basic In-Person Package: 2.5% plus 10 cents per transaction.
- Basic E-Commerce Package: 2.9% plus 30 cents per transaction.
- Advanced Package: 2.41% plus 10 cents.
- Premium Package: quote-based.
HighRiskPay.com: Best for high approval rates
Inovio: Best for high-risk online payment processing
Soar Payments: Best for variety of high-risk industries
Learn more about high-risk merchant accounts
- Payment processing costs: Per-transaction fees for high-risk businesses are typically more expensive than they are for low-risk ones. That being said, high-risk merchant account providers should still offer fair rates, which ideally fall under 4% for in-person transactions. If you go with an interchange-plus provider as opposed to a flat-rate option, don’t hesitate to try negotiating lower markups based on your specific industry and transaction history.
- Chargeback fees: What does the merchant account provider charge for each disputed transaction that results in a refund to a customer? Typically chargebacks cost $15 to $25 each, but some providers charge more or don’t charge for them at all.
- Accepted transaction types: Consider the types of transactions your business processes and whether the high-risk payment processor will accept those. Some may accept only online transactions (such as Inovio), whereas others will accept credit card payments both in person and online.
- Integrations: Most high-risk payment processors provide at least a few integrations with third-party applications and business software. It’s helpful to choose a solution that integrates directly with tax and accounting software, and if you sell online, you likely want a processor that integrates with popular e-commerce platforms and marketplaces.