High-risk merchants are businesses or people who are unable to access high-risk merchant accounts and payment gateways for some reasons. With banking restrictions, high-risk merchant processing may be frustrating and impossible.
Reasons Why Your Business May Be Considered High-Risk
- – History of chargebacks.
- – Returns: your business has a history of returning goods to customers.
- – Delivery time: your company takes weeks or more to deliver goods.
- – Low credit score.
- – Industry reputation: industries like tobacco, drug store, pharmacy, bitcoin, auto rental, adult entertainment, adult dating, travel, ticketing agencies, insurance, gambling, CBD, cryptocurrency, and more, are considered high-risk;
- – New business: if your business has not proved itself, you may be considered as high-risk, and banks may be unwilling to allow secure payment processing.
- – Bankruptcy: if your business or members within your organization suffer bankruptcy, you may be considered as high risk;
- – High transaction volume: if your company processes a large transaction volume, you are high risk.
- – Difficulty in securing a provider for your business.
- – You suffer higher processing fees, rolling reserve and may be denied credit card processing.
- – Your account can be subject to unfair closing.
How Can We Help You?
At Pure Pay, we offer financial services to high-risk merchants within CBD, gambling, cryptocurrency, and other high-risk industries. Even if your industry is not listed, we can always help you secure banks and institutions that will easily offer you payment processing gateways and open high-risk merchant accounts for your business. We are a foremost institution in secure payment processing UK, and our influence and presence will help your business to thrive.
About PurePay for high-risk payment processing
PurePay is a high-risk merchant provider that processes volumes up to £100 million.
The company’s extensive banking relationships across Europe and North America ensures that high-risk merchants are not denied account approvals. With its fraud prevention technology, online payment gateway, and POS solutions, PurePay can be the perfect companion for any high-risk merchant!
What makes PurePay unique? The answer is simple. The company understands merchant needs and delivers payment options and facilities accordingly. It has a straightforward business strategy.
Let’s not forget that PurePay covers the biggest shopping carts around like Shopify, Magento, Zen Cart, etc. Overall, it’s the ideal payment solutions provider for any merchant!