Banking And Card Solutions

For emerging sectors

Do I Need A High-Risk Merchant Account?

If your business falls into one of the sectors classed as high risk, you might find it more difficult to obtain a merchant account in order to accept credit and debit card payments online. If so, you could benefit from the high-risk merchant services provided by Total Processing.

A standard high-risk merchant account will:
  • Charge higher setup, annual and transaction fees
  • Impose a longer settlement period
  • Offer increased account security
Merchant account
The payments associated with these business sectors are deemed as high risk by banks due to the nature of the business, the business model and the way the product or service is delivered or carried out.

This may also be the case if you or your business has a poor credit history. However, in this instance, it’s likely that higher fees will reduce over time — as long as you make payments on time to improve your credit.
CMS specialise in placing your high-risk merchant accounts for businesses trading in the sectors listed below. We’ve established long-term, trusted relationships with a number of merchant banks; so after identifying your requirements, we’ll put your account application forward to the best high risk merchant account provider for your needs.

You’re likely to be classed as a high risk merchant if you fall into one of the following categories:
  • Hemp Oil
  • Dating and Escort Services
  • Foreign Exchange (Forex) Merchant Account/Services
  • Online Gaming and Gambling
  • Adult Entertainment
  • Credit Repair and Debt Management
  • Domain Registration
  • Events and Tickets
  • Software Downloads
  • Prepaid Phone Cards
  • Tobacco and E-Cigs
  • Insurance
  • Money Transfer
  • Vehicle Sales and Car Parts
  • Tattoo Studios
  • Investment Schemes
  • Lender Merchant Account & Services
  • PPI Merchant Accounts & Services
  • Nutraceuticals
  • Travel and Tourism
  • Payday Loans
  • Online Auctions
  • Health and Wellness Products
  • ISP and Hosting Services
  • Direct Sales and Pyramid Selling
  • Alcohol Products
  • Technical Support & Web Development
  • Jewellery, Watches & Accessories
  • Nightclubs and Bars
  • Cryptocurrency
  • Phone Locking Services
Forms the basis of how our platform is configured to support card and alternative payment method processing.
  • Acquirer agnostic
  • Centralised reconciliations across multiple payment processors.
  • Advanced customer support with daily analytical conversion reports.

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