High Risk Merchant Accounts

Is Your Business Considered “Too Risky” For A Merchant Account?
We Approve High Risk At Nexus Merchant Solutions

What Does It Mean To Be A High Risk Business?
By now, you’ve likely encountered the term “high risk” in the merchant service industry. Perhaps a previous provider shut you down, or you’re a new business struggling for approval elsewhere. But what does it truly mean to be classified as a high risk merchant, and why is it so challenging to obtain high risk merchant accounts and credit card processing?

The term "high risk" is largely self-explanatory, yet in the banking and processing world, it’s more nuanced. Merchant service providers (MSPs) collaborate with partner banks to offer card processing services to businesses.

A high risk merchant service provider works with merchants to submit their applications to banks, facilitating document processing and negotiations for approval. This process is typically straightforward when only rates and fees are in question. However, when it comes to high risk merchant accounts, the landscape changes dramatically.

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What Is Considered A High Risk Business?

In the realm of high risk, banks have the final say; they determine which businesses are classified as high risk and can deny applications at their discretion. A reliable high risk merchant account provider will advocate tirelessly with their banking partners to secure your approval. If your current provider isn’t putting in the effort, it’s time to seek out a better option. Banks may label businesses as high risk for various reasons, including:

Questionable Products or Services
Elevated Chargeback Risks
Delayed Delivery from Time of Purchase
Industries Deemed Controversial
Poor Financials or Credit

High Risk Merchant Accounts: What Defines A Business

Many credit card processing providers claim expertise in handling high risk businesses, but in reality, most MSPs work with only one bank. This means that if your business type falls outside that bank's accepted categories, you may face automatic rejection with no further options. The high risk merchant account sector is rife with providers who can waste your time, stringing you along without a viable solution.

Nexus Merchant Solutions For Your High Risk Merchant Accounts

At Nexus Merchant Solutions, we prioritize enabling your business to process credit card payments through a high risk merchant account. We partner with multiple banks that specialize in a wide range of high risk industries, striving to secure legitimate approvals and processing solutions for you. We can support businesses deemed “too high risk to approve” through both domestic and offshore accounts, ensuring you get the high risk merchant account you deserve.

We believe your business should have the opportunity to succeed and process payments just like any other. Experience quick approvals and outstanding service with us—now’s the time for your merchant service provider to fight for you!

How To Get A High Risk Merchant Account?

Getting Approved for a High Risk Merchant Account
Starting the approval process is fast and straightforward. Reach out to us via our Contact Form or by calling ‪(435) 414-9669‬ to connect with one of our high risk merchant service specialists.

Your dedicated account manager will work closely with you to find the best solution and rate among our various banking partners, guiding you through compliance standards and necessary documentation while negotiating any stringent bank requirements.

Setting Up Your New High Risk Payment Gateway
Once approved, we will assist you in integrating your new high risk merchant account with one of our many available payment gateways. You can choose to switch gateways or continue using your existing setup, though some restrictions may apply depending on your approved bank. Consult your processing manager for details on the best options for you.

Chargeback Mitigation & Account Monitoring
Congratulations! You’re now processing credit cards and collecting payments. While this is a vital milestone, our commitment to you doesn’t end here. Nexus Merchant Solutions offers tailored account monitoring and chargeback mitigation tools to keep your new merchant account running smoothly. Many providers leave merchants approved but shut down soon after; we help ensure your account remains secure.

Why Choose Nexus Merchant Solutions For High Risk Merchant Accounts?

If you’re operating in the high risk sector, chances are this isn’t your first encounter with merchant services. You may have previously worked with other providers. In a crowded marketplace where everyone makes similar promises, what sets Nexus Merchant Solutions apart? Experience, Dedication, Connections, and Solutions. Success in obtaining a high risk merchant account relies on the persistent efforts of knowledgeable experts with the right banking connections.

High Risk Experience
Working with an inexperienced provider can waste your time and still leave you without a solution. We often hear complaints from merchants who have been shuffled around or applied at multiple banks that don’t accommodate their industry. This scattershot approach can jeopardize your chances with banks suited for your needs. Trust our extensive knowledge of high risk requirements; we connect you only with banks that align with your industry.

Expansive Bank Connections
Partnering with a provider that has access to only one or two banks is like hiring a handyman with only basic tools. The complexity of securing high risk merchant account approvals requires diverse connections across various banks and resources. At Nexus Merchant Solutions, we’ve dedicated ourselves to finding the best solutions for each industry, continuously refining our partnerships to enhance the merchant experience.

Dedication To Approvals
Experience alone doesn’t guarantee you’ll receive the best options. The high risk landscape is difficult to navigate. Unlike many providers, Nexus Merchant Solutions will fight for your approval, engaging with banks until a resolution is reached. Beware of providers who seek short-term gains at your expense.

High Risk Solutions
You’ve secured your new high risk merchant account and are ready to start processing—so what’s next? Not all providers offer the same benefits and services, which can significantly impact your business. Nexus Merchant Solutions proudly offers industry-leading solutions, including:

48-72 Hour High Risk Account Approvals
Multiple High Risk Payment Gateway Options
Load Balancing with Multiple MIDs
Customized Reserves
Chargeback Mitigation Tools & Monitoring

High Risk Industries We Specialize In

If your business type isn’t listed here, don’t worry! This isn’t an exhaustive list of the high risk merchant accounts we support. Contact us via our Contact Form or call (800) 993-6300 to speak with one of our specialists.