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High-Risk Merchant Accounts
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Looking for a high-risk
merchant account for your business?
Do you feel you fall under a high risk category, or
even a prohibited one, due to your business model? Have
you actually been turned down by other banks?
Many high-risk companies automatically assume that
they will be turned down... This could be because they
have been turned down before, given horrendous terms
or they find that banks just don't want to know. Maybe
it's as simple as assuming the worst!
Are you one of the below?
If your business is one of the below we can offer you
one of our standard accounts.
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Dating |
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Competitions (skilled) |
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Tarrot Reading |
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Sex toys and other products |
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Events |
With the Optimal
Account we consider most businesses (except for
those that are on the prohibited business list) and
financial circumstances in all Pan European countries.
These businesses
are indeed classed as a higher risk but ARE NOT
prohibited, however many people assume they are:
Higher risk business?
Are you selling products such as the following?
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Drug related
paraphernalia (excluding seeds, herbal highs &
growing kits) |
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Mobile Phones |
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Telephone and communication
Sales |
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Credit Repair Companies
* |
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Betting and Tipping |
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Escort Agencies |
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Jewellery (High risk fee
may apply) |
Then we may be able to offer you the Premier
Account
Please note that we can help many more businesses.
Also special terms may be applied to high-risk accounts
such as rolling reserves, longer settlement periods
and an annual fee. However until an application is made
we are unable to tell you what, if any, terms are included.
For more please visit the prohibited
business list of each account.
Providing annual membership services?
The banks that we use for our merchant accounts have
recently started to get nervous about annual subscriptions
and are now refusing these types of businesses.
The issue with these types of businesses is the annual
part and not so much the amount of the transaction.
The main problem is if 100% of the business is based
on annual memberships or subscriptions.
We have some merchants at the bank where they have
some annual memberships but they are debited from the
customer monthly or they debit the customer annually
but it only accounts for a small percentage of their
business, e.g. 20%.
Looking for an adult merchant account? Please
click here for our adult accounts
List of businesses we unfortunately can't help!
- Booking agents and travel
agents (non bonded i.e. ATOL or ABTA)
- Reverse auctions or
unique bidding [info]
- Legal highs (herbal or otherwise)
- Sales of replica, counterfeit
goods
- Illegal Substances and Products
(e.g. drugs, human organs, weapons)
- Prescription drugs (un-licensed)
- Laptops, plasma TV's and other
high-value electronic goods
- Debt refinancing
- Short terms loans
- Tobacco sales
- Claims management and debt
solutions
- Credit restoration
- Annual memberships (accounts
for over 20% of the business)
- Merchants involved with anything
that suggests rape, hate, racism, violence or incest.
- Third Party Processing *
For more please visit the prohibited
business list of each account.
* While the Web-Merchant account is easy to obtain
there are certain services which cannot be covered.
One of these is when you obtain services for your clients
from third parties such as car hire companies. Because
you may only take a payment for something for which
the fulfillment is under your control, it is not possible
to provide you with a Web-Merchant account for this
purpose. You may take payment for services which you
provide but not when you have to rely on others to deliver.
Not sure what account we could offer?
Have you checked the prohibited
business lists of the three accounts we
provide to see if your type of business appears?
If not then you may be in for a nice surprise. We can
often help businesses which are turned down by other
merchant providers. Please
click here to view our accounts.
Still can't find your business?
Please complete the form below and we will let you
know if we can help, and if so, which account to apply
for. Please complete ALL fields so that we can help
you!
Business and bank account
in separate countries?
Don't worry. Even though some PSP's view this as high-risk,
with our Optimal Account
we can help!
Before filling in the following form
- have you checked the prohibited business list on a
specific merchant account? You might be surprised! Many
high-risk companies automatically assume that they will
be turned down.
By clicking 'Submit' you are agreeing to us using the
information that you provide to assess your request.
For details of how we use your information, please refer
to our privacy policy.
Please note that each account uses a different bank
and are in no way linked. Therefore if you are rejected
and
wish to apply for a different account, you do not need
to worry that if one turns you down, the other one will
automatically.
Are you a high-risk PSP and wish to discuss
a potential partnership? Please
click here |