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High Risk & Low Risk Merchant Processing Services

Do you know that your business potential increases if you open a merchant account?

A merchant account allows your customers more payment options for your goods or services. Card payment is convenient and straightforward for your customers and can improve overall satisfaction. Due to the merchant accounts’ risks, a payment processor or a bank must review and analyze your payment processing application before acceptance.
The risks determine the type of account you can open, whether a high-risk or low-risk merchant account.


Opening a Merchant Account

The risks in your business determine which merchant account you are eligible to open; the high risk category will incur high fees and supplemental service charges. Since the stakes are high, fewer payment processors work with high-risk merchants.

Whether you are looking for high-risk merchant processing services or a low-risk merchant services, it all comes down to risk. When opening an online business, the best way to generate revenue is through sales. The ability to process credit card payments is a critical factor in your success.



The world of e-commerce is transforming. It would help if you had a better way to handle your finances. Thankfully, that’s what we can help you do. We understand the challenges you face and the options you have to improve your cash flow. High risk allows the riskiest merchant to take all the risks related to processing payments for an e-Commerce site.


E-commerce inherently has a high potential for money laundering. The risk of being involved with money-transmitting businesses is always present. The funds a business client receives from a seller may be long-time income, resulting in losses for the business owner.



One of the fastest-growing healthcare industries is the nutraceutical market. The growth has yielded explosive growth in vitamins, supplements, and other products. They should all help improve people’s health without drugs or surgery. Many merchant service companies are leery of providing payment processing for these businesses.

Therefore, most nutraceutical companies will have to use a partner company as their merchant service provider.



Gamblers these days are more taken about the reliability and capability of the online gaming merchant account. This is where they are going to put up their hard-earned money. They never want to deal with a firm that makes them lose their money. Because of some system glitches or lack of interest in customer service. So, if you want to make your business run smoothly, you must consider these aspects.



Whether you’re selling internationally, accepting foreign payments is vital to growing your business. It’s hard to compete in eCommerce when your business isn’t accessible to the entire world. Fortunately, there are a variety of payment services that can help you accept international orders.

Whether you have a website in the U.S., Canada, India, or anywhere else, there’s a solution for you. We researched low and high-risk merchant processing services.



As much as the cannabis industry grows, new merchants with various product offerings continue to enter the marketplace, which is likely why your business uses Bigcommerce. Unlike traditional shopping carts that are locked into payment gateways and reject high-risk companies, we embrace a diverse ecosystem of legal cannabis businesses.

Since the CBD business is very dependent on online sales, Bigcommerce strives to establish seamless transactions between companies and their customers. Hence, we have quickly come to offer safe processing transactions with several local payment methods.

Wrapping Up

Merchant processing services offer unique fees and terms depending on your business’s industry. Managing payment processing services can be a tricky proposition for any small business owner.

Before you search for merchant services, it is essential to understand what your business needs from a Merchant Account provider. We specialize in connecting merchants with merchant accounts at banks and offer various services, including high-risk merchant accounts. If you have had problems opening a merchant account before, we are here to help.



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“While merchant processing is their essential core, iPOP has provided us with other timely and protective measures to help us launch and thrive as a business. Our overall sales under their confidential guidance increased 30%, year over year, including 2020. Mr. Hoffmann’s unique and comforting presence has led our company from a difficult startup to a legacy company. I recommend their services regularly and will continue to do so. I treat them as an extension of our executive officers. There is no question that they have not been able to provide us solid guidance. Sometimes you need a third-party sounding board, or else the wolves at the door of your business will eat you alive.”
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“Our iPOP experience was very professional and informative. I felt that I was educated on every aspect of our contract and understood the risks associated with our accounts. We were grateful to acquire an account with such a competitive rate. Even with our slight history of chargebacks, we maintained our business through the last year of economic turmoil. CBD is an additional red flag for most banks, and iPOP provided us the tools necessary to construct a firewall of protection against chargebacks and unintended sales to clients in restrictive zones. Their singular expertise in technology gave them instant insight into what solutions were needed.”
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“iPOP has been the backbone of our technology infrastructure for over 15 years. Their relationship and early load-balancing technology allowed them to custom craft a solution for our nutritional and subscription-based company. Knock on wood, we have not had a down period on our accounts, and we will continue to rely upon iPOP for its expertise.”



There are hundreds (if not thousands) of options in payment processors. And, there are a lot of ways to accept card payments. But, be advised—all merchant-processing services aren’t created equal. Here are some factors to consider when you’re selecting a processor:

Industry experience.
Do they have a proven track record in the payments processing industry? Check out reviews on the company from neutral third-party sources as well as current customers.

They are tailored to your industry.
Every business has different needs depending on the industry. It’s critical to choose a payments provider with experience in your line of business so they can advise you on payment solutions that are the best fit and can help you grow.

Commitment to data security.
Data security should always be a top priority. Tools that help you detect and protect against fraud by securing card data are essential. These offerings should be integrated with your processing if possible. And, in the case of many small businesses, security tools should be bundled simply and smartly to take the work off of you and your business.

Customer support.
You may need support and training when you’re getting up and running, when systems change, and at any other time you may need help. Look for a processor that offers live 24/7 customer support to help keep your business running at all times.

Most types of merchant businesses qualify for a merchant account.

The application process may vary depending on your business type and the associated risk assigned by credit card networks.Most types of merchant businesses qualify for a merchant account. The application process may vary depending on your business type and the associated risk assigned by credit card networks.

There will always be some degree of risk associated with handling and transmitting sensitive data, so processing credit cards with a reputable payment processor is vital.

Above and beyond securing your computers, terminals, and networks, there are several additional security measures you can implement to boost your security. A reputable payment processor can discuss your options in detail.

The cost of accepting credit cards varies greatly. When you sign a contract with your payment processor, make sure you pay attention to how and what fees will be assessed.

You’ll likely be responsible for interchange fees assessed by the card networks, various processing fees, and other additional fees depending on the services offered. Make sure you understand the fees you’ll be assessed before you sign your contract. And, ask questions. You may be able to negotiable a lower rate.

At the minimum, you should set up your business to accept traditional magnetic stripe cards, EMV chip cards, and eWallets.

It would also be best to consider whether you need to accept payments on the go, online or over the phone. Depending on your customer base, you may also want to consider accepting secure check payments.

There are many options in POS terminals. The type of terminal you select depends mainly upon the payments options you want to accept and where and how you need to accept those payments.

For example, if you only accept payments from a physical location, a countertop model may be the best option. On the other hand, if you accept payments offsite, such as trade shows, festivals or farmers’ markets, a mobile POS system may be the way to go. For phone payments, you may want to discuss a virtual terminal.

The answer to this question depends on various factors, including your agreement with your merchant processing services provider, how often you send your authorized transactions for settlement, and the financial institution you use.

Make sure you understand this timeline at your contract signing so that you aren’t caught low on funds. Today, there are faster paths to funding than ever before.

There is a lot of variation here. Chances are if you’re a small business with only one location and a terminal, this process will be a bit quicker.

However, if you’re a larger business with many locations and terminals, your ramp-up time may take longer. Also, you may be able to set up payment processing more quickly if you choose a mobile processing application versus a traditional countertop POS system.

Knowing that your payments processor is there to support you 24/7 is critical to the success of your business.

For example, if your POS system or network goes down during a peak business time, you can’t afford to miss out on those sales. So make sure you understand how much support a processor provides before you sign your processing contract.

Some processing contracts include an “early termination” clause, and some do not.

In some cases, you may be assessed a fee if you end your agreement early, while other processors may waive such fees. If you think there’s a chance that you’ll need to end your credit card processing early, make sure you check the contract carefully before you lock into an agreement.

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