Approved! High Risk Merchant Accounts

Quick Setup & Low Fees

First Card Payments specializes in credit card processing services for high risk merchants. Increase your sales and pay less in processing fees. Contact us for a free consultation.

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High-Risk Merchant Accounts

What It Means & How This Affects Your Business

Every bank operates with a set of guidelines used to determine if a potential merchant’s business is high risk. All these guidelines vary from bank to bank. As a leading credit card processing company, our experts share more insight into why certain businesses may require high-risk merchant accounts.

If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account.

Banks weigh the risks associated with a business. If the bank you choose for your merchant account believes that your business is prone to too many chargebacks, customer complaints, and falls within the grey area of the law–CBD for example–then your business will be considered high risk. Banks are often hesitant to manage high-risk merchant accounts.

This is a subjective process and every bank’s underwriting department follows a specific set of guidelines that the bank has outlined.

After over 20 years of experience providing high-risk merchant accounts for businesses, we understand exactly how the system works, working with banks and ISOs to ensure that your business is allowed to open a merchant account. We have relationships with more than 30 financial institutions, ultimately allowing us to apply for a high-risk merchant account from the best banks likely to approve your company with the best rates and terms.

Why Are Certain Businesses Considered High-Risk?

There are many reasons why businesses are considered high risk, including:

  • The business might be on a TMF/ MATCH list or the industry you’re in is known for high chargeback ratios.
  • Perhaps you have a type of business that sells expensive items – furniture, jet charters, seminars, or tax resolution services, for instance.
  • Maybe the business guarantor has personal credit that isn’t the best, tax liens, or other financial issues.
  • Membership and subscription businesses with automated recurring billing.

Allow First Card Payments to obtain the high-risk merchant accounts your business needs. We will handle all the messy work so you can put your energy towards the success of your business. 

We serve the following high-risk industries:


One of the real challenges high-risk businesses face is finding a high-risk merchant account provider that won’t take advantage of the situation. Many merchant account providers understand the predicament you’re in and are going to charge you higher fees. This is a point worth repeating.

  • You are allowed a higher chargeback ratio compared to low risks businesses
  • You can set up recurring billing with more peace of mind
  • You can have multiple backup merchant accounts (MIDs)
  • Your backup accounts provide an extra layer of security, ensuring that business operations are not interrupted for long
  • First Card Payments will put clients on a chargeback protection service to ensure chargebacks remain at an acceptable level and your business accounts remain health

The silver lining of having a high-risk merchant account is that the additional measures ensure your business remains healthy!

Reasons Your Business May Require a High-Risk Merchant Account

These are some of the potential reasons a business is considered high risk:

  • CNP: Card-not-present transactions
  • Sales of future services, applicable to industries such as travel and hospitality
  • The industry is not permitted in all 50 states, most notably, marijuana businesses
  • Business is on a MATCH list (TMF)
  • Offshore operations
  • Owner or business itself has a poor track record
  • Poor credit
  • Prohibited merchant type

Whatever the reason, no matter how difficult the situation may seem, we can help. We work with our clients as if they were our partners. We consult on all matters pertaining to high-risk merchant accounts. We want to build a long-lasting relationship with all of our clients and witness the success of your business.

Allow First Card Payments to obtain the merchant accounts your business needs. We will handle all the messy work so you can put your energy towards the success of your business.