 is a: (i) payment account boarding; (ii) payment underwriting; and, (iii) payment data transmission service that helps you integrate with a payment processor (the “Processor”), as described more fully in this Agreement)
The Shopify payment gateways are the part of the process that encrypts customer card details, meaning the transaction remains secure. I sell computer hardware only, however on my site i have a section for cryptocurrency mining. 1. Here are the best crypto payment gateway providers, including Coinbase Commerce, BitPay, and CoinGate. Why Shopify Users Need a High-Risk Merchant Account. Net with Shopify. Find out the reason for the shutdown. This payment service provider makes high-risk merchant accounts accessible to. Please give me a call if we can be of further assistance @ 1-877 493-4622. MCC codes indicate the types of products or services that you offer to consumers. Looking for a high-risk merchant account for your online coaching business? Get approved and set up with a merchant account and gateway that works! Call: 1 800 570 1347. Here are the best marijuana payment processing companies & the truth about credit cards. Are you a business owner in a High- risk industry? If so, you may be wondering how you can secure payment processing services to keep your business running. Another. PaymentCloud: Best for High-Risk Businesses 5. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. Visit Site. PayOp is a payment aggregator for various business types. Certain business types, such as CBD, nutraceuticals, digital Goods, and others now have solutions to process payments for their business. Fast Approvals. Automate your product review process. Sign up. The key difference between an aggregate account and a dedicated. It's most likely that your contract will come with higher rates, a higher rolling reserve, and a longer payout delay. Fulfilling high risk orders can result in a higher number of chargebacks and that can result in disabling payment processing and removal from Shopify Payments. Retail & Swipe. Easy Pay Direct: - Primary product is proprietary EPD gateway. Online payment gateways are cloud-based software while in person retail gateway's are often included in POS systems. 3. ShopifyIt entirely cuts out the middleman. Accept card payments with a merchant account (or Shopify Payments)Shopify has the authority to close any high-risk merchant account that uses Shopify Payments to accept payments from customers. What is Shopify? Shopify is a widely known e-commerce platform that allows small businesses and individuals to create and manage their online stores. Higher payment processing fees. Specializes in high-risk merchant accounts. Reply. And as it turns out, Shopify itself might be the first one to let you know—by dropping your account. Shopify considers a business high-risk if it operates in a high-risk industry or has a higher likelihood of chargebacks, fraud, or other financial risks. Post Views: 2,851. This compliance extends by default to all stores powered by Shopify. The merchant account provider will approve your application if you fall into its low-risk category. These are certified Shopify Friendly Solutions. Learn how you can still integrate NMI with Shopify. Try Shopify free for 3 days, no credit card required. Cons: $99 account setup fee, 3-year contract with an automatic renewal clause. This is where they get their. Should you be working in what lots of merchant accounts deem a “high-risk industry,” such as an eCommerce business, there will be a likelihood that you have a high chargeback or. Low Rates & Fast Approvals. Under Sales Channel, click TikTok. Net needs to connect to a merchant account, which is usually assigned automatically to one of Authorize. If you have too many unfulfilled orders,. Click Link will work with you on opening a CBD high-risk merchant account and keeping your account alive. credit cards simple. PaymentCloud, and pinwheelpay didn’t work out. Is there any information anyone can provide for me. PaymentCloud, and pinwheelpay didn’t work out. You can contact us on our website, or you can always give us a call at 1-800-570-1347. Discover expert solutions for seamless and efficient payment processes. Net payment gateway integrated with a high-risk merchant account specifically approved and underwritten for a specific product category or marketing method that most merchant account providers generally prohibit. High Risk Payment Gateway. 4. The 6 Best Retail Credit Card Processing Companies. Affirm’s standard merchant fee is 5. A Bitcoin merchant account can be customized to satisfy the needs of a specific enterprise. Merchant account fees. BigCommerce offers extensive support to CBD businesses, including access to a choice of over 65 third-party. The list of industries considered high risk is long and includes nutraceuticals, magazine subscription services, CBD, debt consolidation, multi-level marketing, travel, and many more. , payment gateways specifically for gambling), or indirect. Discover how Shopify's high-risk payment processing can help safeguard your business. A high-risk merchant account is a service that Payment Service Providers (PSPs) offer so that entities in fraud or chargeback-prone industries can accept card payments. Net gateway also needs to connect with a high-risk merchant account on the back-end. High-risk merchant accounts underwritten by People’s Trust; Clover terminals and POS systems; Various payment gateway options (Authorize. Simply key in transactions to the virtual terminal and utilize the additional features that make the user experience more seamless, such as tokenization, electronic invoicing, automated email receipts, integration to third-party shopping carts, and CRM systems. Obtaining a high risk merchant account is easy with High Risk Buddy. The pros of a high-risk merchant account for Shopify. What is a High-Risk Merchant Account? A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. ) When evaluating a high-risk business, merchant service providers must review the merchant application, conduct a thorough risk assessment, and check the business owner’s credit score. Cybersecurity is the practice of protecting computer systems, business accounts, networks, and sensitive information from unauthorized access, theft, damage, or other malicious attacks. Yes, even if you’re selling bongs, glassware, grinders, CBD, premium cigars, tactical products, or other high-risk products, you can use Authorize. National Processing: Best for Small Businesses 6. Here’s a rundown of merchant services. Our integrations connect you with the best tools for your businessReading Time: 8 minutes The vape and e-cigarette industry is nothing short of electric. Volume spikes and chargebacks happen, but with a high-risk merchant account, you are in a much better position to continue to accept payments steadily. Hopefully I can share some additional insight into this decision. High Risk Merchant Account Specialists - From small businesses to Fortune 500 enterprises, organizations nationwide have trusted us to handle their high risk merchant accounts. Solved: Hi all! I have a high risk fraud alert that seems a bit weird and I'm not sure whether I should fulfill or cancel. Search for: Home. Merchant One: Best for easy merchant. merchant accounts), you’ll typically need to process $5K-$10K in monthly transactions to justify the cost. If you only sell cigar cutters, cigar lighters, decanters, brandy snifters, and other accessories, you can probably use a “standard” payment processor like PayPal, Shopify Payments, or Stripe. Apply to receive a payment processing account. Reply. High risk merchant accounts are a unique category of online payment processing. Square: Best overall. Powered by machine learning. The provider may approve riskier applications but at a higher fee. While the coverage is limited, built-in protection from companies like Shopify is usually the most convenient form of chargeback protection for merchants. Net account? The term “high-risk Authorize. With an aggregate high risk merchant account, the funds from a transaction are sent out to the processor, like Shopify. Create a new or connect an existing TikTok For Business account. Choose a Merchant Account Provider Whose Fees and Functionality Are Transparent. Online healthcare – Where there is a greater risk of fraud; Opting for a high-risk merchant account is a legitimate decision that may have more to do with the industry you are in than your own risk factor. Therefore, high-risk merchant accounts vs. Net as a payment gateway option. Accept card payments with a merchant account (or Shopify Payments)A high risk business doesn't necessarily mean that you have a high chargeback rate itself, but that historically speaking the nature of the business itself does. Free Account Setup. not. Ship new campaigns, channels, customizations, and experiments fast, then iterate daily. Call: 1 800 570 1347. For example, a rolling reserve taking five percent of every transaction is maintained to refund customers or pay chargeback fees if. Merchant services should support your business, not drain it with excessive fees. Square: Best Free Merchant Account For Small Businesses. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. Remember, you will need a high-risk payment gateway/merchant account combo to make any of these solutions work – we can help. The Best ACH Payment Processing of 2023. While you might not think that you fall into the “high risk” category, MANY businesses do! Including high ticket items, supplements, recurring. high risk merchant account shopify Published on: May 9 2023 by pipiads - Are you a high risk merchant looking for a good payment processor? - We've got you. While the industry has operated without many regulations, the Federal Government has threatened to clamp down with online payments. 3 Cigars online: How to set up a payment gateway and. 2 CBD online: How to set up a payment gateway and merchant account. PaymentCloud: Best For eCommerce-Only Vape Shops. 4) E-Cigarette and Vaping Merchants. such as Shopify and WooCommerce³ ; Integrations with accounting softwares,. Some providers offer processing fee discounts for high-volume businesses. With an aggregate high risk merchant account, the funds from a transaction are sent out to the processor, like Shopify. Best one-stop shop: First Card Payments. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving e-commerce businesses of nearly any type. ”. A high risk business doesn't necessarily mean that you have a high chargeback rate itself, but that historically speaking the nature of the business itself does. We have helped hundreds of entrepreneurs thrive and would love to. Gather the necessary documentation. Net is merely software, not credit card processing. High-risk merchant accounts attract more stringent conditionalities than regular merchant accounts and are more expensive to manage. PaymentCloud. An example is EMB, a high-risk merchant account provider that prides itself on serving. Claim your card reader. also makes its own rules and can make any modifications they deem necessary without your authorization. PayOp. In some cases, Stripe holds funds up to 180 days with weekly emails coming in stating, “Stripe is holding your funds for 90 days. It Involves implementing a range of security measures to prevent cyberthreats and minimize the risk of data breaches and other security incidents. To lower risk, the merchant account provider may seek address verification. By having a high risk merchant account on Shopify, you can ensure that your business and customers are protected when conducting online transactions. 1. 4. Gather the necessary documentation. Merchant account fees. A third-party hardware vendor may not provide those same protections. purchases made with a credit card that has been flagged as stolen. Merchant services should support your business, not drain it with excessive fees. Net account” refers to an Authorize. One of the main reasons that companies are deemed high risk by other payment processors is that they’re susceptible to chargebacks. High-risk payment gateways that work with not only Shopify, WooCommerce, BigCommerce, and PrestaShop, but also Wix, Weebly, GoDaddy, and Squarespace – including high-risk Authorize. Merchant services should support your business, not drain it with excessive fees. ” Shopify Holds Funds: Merchants frequently complain about their funds being withheld in reserve, but this is standard practice if an account has an elevated. HRMA-LLC offers a High Risk Shopify Merchant Account with compatible high-risk Shopify Gateways. Apply Now. Compatible with E-commerce portal and major payment gateways. Added Fees: Merchants offering Affirm to customers are charged a merchant discount rate plus transaction fees. It removes the need to set up a merchant account with a third-party payment provider and then enter your account credentials into Shopify. Have a clear return policy and make it easy to find on your store. Once you’ve found a few solid candidates, it’s always good to compare their contract terms, rates, and fees to figure out which one best suits your business. Chase Paymentech is the recommended merchant account, while First Data is not recommended for high volume. Shopify merchants have access to its fraud analysis tool. We suggest 4 popular payment providers that cover high risk merchants: 1. After that, hit a click at the number of the order that you want to review. Shopify is a favorite among high-risk business owners. Voted Best High Risk Merchant Account Provider by our Banks! We offer US and Offshore High Risk Merchant Accounts, ACH, and Chargeback Management Services. The main reason these credit policies differ is due to the processor’s ability to. Net is simply software; for it to allow the online acceptance of credit cards the payment gateway must be connected to a merchant account. ⁹High-risk merchant accounts differ from low-risk accounts in the following ways: Almost always a full-service merchant account (PSPs typically don’t accept high-risk businesses) Extensive underwriting process required before account approval; Might be underwritten by an offshore bank or processor; Typically require a long-term contractGateway Funnel Pros can help. Decades Of Experience. If. You are a mid- to high-volume seller (you process over $5,000/month) Your business is considered high risk. Shopify High Risk Payment Processing. In Summary: 4 Best Merchant Accounts For Collection Agencies. We won’t penalize you for being profitable, and we will help maintain your account stability. To get a Shopify CBD account, you’ll have to go through three different processes. So the USA currently seems like the most difficult place for a high risk merchant to obtain an account. 11 per online transaction w/ discounts for nonprofits & high-volume businesses. All things are done, you are excited to launch the website but suddenly you find out that you can’t accept payments. They are custom suited for businesses. The fact that it is also high-risk friendly when properly integrated with the right merchant account and gateway makes it a very popular choice for a wide range of high-risk businesses. 7 billion in 2018 and are expected to reach $40 billion by 2023. PaymentCloud: Best virtual terminal for high-risk businesses. billing options for subscription-based businesses or seamless integration with popular e-commerce platforms like Shopify or WooCommerce. Note: NMI does not integrate with Shopify, if you need a high-risk payment gateway for Shopify, please read our guide to Shopify Payments alternatives for high-risk websites. Hardware: Quote-based. PaymentCloud is a leader in providing high-risk merchant accounts to meet the needs of businesses across various industries. Mar 6, 2023 2 minute Read. Does not accept high-risk businesses. List the top 5 high-risk payment processors for Shopify merchants. We have more than a decade of experience assisting Shopify website owners with high-risk credit card processing. Our picks for the best free merchant accounts include Square, Chase, Stripe, PayPal, and more. We’re. Each Certified Payment Specialists have “been there and done that” hundreds - or thousands of times. The merchant account provider will approve your application if you fall into its low-risk category. In other cases, Shopify has revoked payment services because the business was deemed “high-risk. - Load balancing feature for high risk merchants. High-risk specialist with anti-fraud and anti-chargeback protections. Shopify considers a business high-risk if it operates in a high-risk industry or has a higher likelihood of chargebacks, fraud, or other financial risks. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. Login to your Shopify store's admin. The company is willing to work with high-risk business types that may not be eligible for merchant accounts through. PaymentCloud: Best overall. An online business generally utilizes a payment gateway, but transactions are not limited to e-commerce online payments. In many cases merchant credit card services can be obtained from us for a surprisingly small amount. PaymentCloud offers high-risk merchants a payment processing system with custom payment solutions. PaymentCloud has been providing high-risk merchant accounts since 2010 and accepts CBD businesses as well. The merchant account provider will approve your application if you fall into its low-risk category. The underwriting process for a CBD merchant account varies slightly from that of a low-risk merchant account. The first step is to select an extremely risk-free merchant account service provider. This represents a whopping 29% of all online businesses in the U. Interchange-plus pricing. What is a high-risk Authorize. Dedicated Account Manager. The story behind mid-month high-risk merchant account fees April 19, 2023; Vape payment processor updates April 6, 2023; High-risk payment processing with Authvia February 16, 2023; MoPro clients and high-risk payment gateways November 16, 2022; Square point-of-sale and online payments for pipes, glass, and cigars October 13, 20222. We sell supplements and the traditional payment processors won’t approve us. Normally, suspicious orders are flagged with an exclamation mark beside the order number. 1 Alcohol online: How to set up a payment gateway and merchant account. When selling a simple, low-risk product or service, a merchant account is set up seamlessly by Authorize. Three months of financial records. Our aim is always to provide clients with a low cost credit card processing product that meets their needs. Bloomberg Television brings you the latest news and analysis leading up to the. High Risk Pay has got you covered. The Tap & Chip Card Reader sells for $49, which is a good price for a simple, user-friendly card reader that accepts tap and chip payments. Cryptocurrency; Adult content The 7 Best High-Risk Merchant Account Providers. High-Risk Merchant Accounts. Call 1-888-899-9811 to speak with a DigiPay Payment Consultant today. Merchant services should support your business, not drain it with excessive fees. We like to think of it as “High Priority”. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. Strict guidelines and low thresholds of risk tolerance mean that Shopify can drop your merchant account and freeze your funds at any time without warning. 8737. Some providers are willing to accept a greater level of risk if the merchant can generate higher sales volume, which means more profit for them in exchange for assuming the risk on the account. It may not be the the wording itself though and it could be the actual product, regardless of it's name. Get access to deeply-discounted interchange rates to keep your payment processing costs as low as possible. Merchant accounts are established under you and your business (the acceptor) and a merchant. The Ecwid Ecommerce Shopping Cart WordPress plugin has the highest number of active downloads, at more than 30,000, with an impressive average of 4. High-risk payment gateways, tips & recommendations. Review high-risk orders before capturing payment. Also, note that BAMS does not appear to accept high-risk merchants. Visa, MasterCard, AMEX & Discover Card accepted from your customers. The Best Merchant Account Service Providers of 2023. High Risk Merchant Services is a merchant account that enables businesses in the high-risk category to accept credit and debit card payments from customers. It’s. Plus, you’ll never be charged a setup fee or application fee. To lower risk, the merchant account provider may seek address verification. I sell processors, graphics cards, pre built computers and computer cases. For starters, they provide a higher level of protection for businesses that require greater levels of payment security. - A high-risk merchant account is critical when determining if an Authorized Net payment gateway can process high-risk transactions. Dharma Merchant Services: Best nonprofit credit card processor. Net, Cybersource, Pay Flow Pro, NMI, Bambora, USAePay, and others). High risk payment processor. Why Do Some Shopify Users Need A High Risk Merchant Account? Shopify users sometimes need an alternative to the in-house credit card processing solution, Shopify. In order to make the payment processing high-risk-friendly, you need to connect it with a high-risk merchant account on the back-end. k. A high-risk merchant account is a label your payment processor has given your business. Some providers offer processing fee discounts for high-volume businesses. When your business has been labeled a high-risk merchant account, you will almost always pay higher. Accepts domestic & international cannabis merchants. Do you think removing. Everyday basic payment facilitators and companies like Stripe, PayPal, Square, Shopify, etc. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. Our payment gateways have just about any feature you may need – Including: high-risk merchant accounts, one-click upsell support, automatic card-on-file updating, recurring billing, subscription processing, and one-on-one integration assistance. a. They are excellent alternatives for high-risk merchants when correctly set up with appropriate high-risk merchant accounts and payment gateways. Here are a few reasons we stand out: High-risk. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks. Selling environment - Card present vs. 1. Authorize. These risks include high chargeback rates, brand conflicts, and regulatory concerns. Some examples of high Why We Chose PaymentCloud For CBD Payment Processing. Worldpay is a unique Shopify payment gateway best-known for offering a range of secure payment services to companies of all sizes. The high-risk merchants always have difficulties in their accounts such as: The high-risk businesses will hard to place; It is a high cost for the payment service processors especially when you are newcomers; The processors will be cautious in providing the merchant’s accounts. Reply. The processing rates are 2. 2,379 Views 0 Likes Report. Scroll down to the Theme Library section; click on Add Theme, then Visit Theme Store . 2. The term payment gateway refers to software that interfaces with your shopping cart and a merchant account is a banking relationship that connects to that payment gateway and processes. Best for online and international sellers: Durango Merchant Services. Shopify has a list of prohibited and restricted businesses, including certain. But again, you must ensure that the merchant account – or payment processor – that Authorize. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. Recurring Billing. The $30 monthly fee for Level 3 processing will be quickly recouped with Level 3 interchange savings. 12-18-2020 03:59 PM. By entering your email, you agree to receive marketing emails from Shopify. Net account to your tactical Shopify, WordPress, Wix, Squarespace, or Weebly site. This doesnt make any sense. The provider may approve riskier applications but at a higher fee. Providers serving the high-risk community can often set you up with specialized ACH processing services that come with advanced anti-fraud and chargeback protection features. 4. Verifone (formerly 2Checkout) If you searched for “payment gateway” or “payment processor” on Shopify’s App Store, you’d be hit with a whopping 100+ payment solutions to choose from. The two companies ahead of Shopify are Woocommerce and Squarespace. A payment gateway is an Internet application offered by merchant services providers for use to authorize high-risk credit card and debit card payment transactions. EMB has partnered with Shopify to meet your payment processing and merchant account needs. Terminals. Level 3 processing is easy with the PayKings high risk payment gateway. 1. And yes, high risk merchants can be eligible, and most do when applying with us. Fees between 7. [3] Shopify. Then Connect or Create a new TikTok Ads Manager account. Cardpay Solutions makes accepting. High-Risk Merchant Accounts and Gateways. At PaymentCloud, we offer dedicated high-risk merchant accounts to Shopify store owners. Shopify APIs and SDKs. After an agreed period, ordinarily a few workings days, those funds are then settled to the. Solutions. Authorize. 1. Stripe. Merchant services should support your business, not drain it with excessive fees. Shopify does accept some high-risk merchants, but there is a specific set of guidelines and requirements for these types of businesses. If you still have questions regarding what we can do for you, give us a call at 1-888-548-5649 so you can converse with one of our merchant account managers. Next Day Funding for Visa / MasterCard. Many merchants have experienced this and filed corresponding complaints. Monthly fee: $10 to $45. 2 Recurring billing on Shopify: ReCharge and Authorize. These risks could range from a high likelihood of chargebacks and fraud to legal. I have two businesses that need to accept credit and debit cards. This entails filling out a general form, then adding details to a more thorough merchant application. 3. + 0. Here are the best alternatives to Stripe from providers like Square, Helcim, and Treati. Read our Review. Shopify has a list of prohibited and restricted businesses, including certain. Net – do’s and don’ts. High Risk Payment Processing. Their state-of-the-art, unique features help you ensure customer satisfaction after you’ve collected payment and include perks like fraud prevention tools, advanced payment gateways, 100+ integrations, merchant funding,. Third-party processor. Net payment gateway with GoDaddy too. With this solution, you can sell products online, but you’ll also have the option to accept payments offline, over the phone, and more. High Risk Payment Gateways. Approximately one in three online businesses use Shopify to power their stores. 99% + $0. Host Merchant Services: Best for large high-risk businesses. A user-friendly tool, Stripe is able to integrate with. A high risk business doesn't necessarily mean that you have a high chargeback rate itself, but that historically speaking the nature of the business itself does. As a high-risk merchant, you should probably just stay clear of Shopify’s standard, out-of-the-box, credit card processor. . We have more than a decade of experience assisting Shopify website owners with high-risk credit card processing. Merchant accounts are important for businesses that accept credit card payments. As you’ve probably realized by now, opening an adult merchant account can be a grueling task – even when compared to other high risk industries. The pros of a high-risk merchant account for Shopify. This is because high-risk merchant accounts are set up to handle the naturally occurring challenges high-risk businesses experience. Also, Merchant Stronghold specializes in high-risk and offshore merchant accounts. 2) Adult Entertainment Merchants. Investigate the Case - When you receive a high risk order, open the order and go to the order fraud analysis. Consider a merchant account if any of the following apply: Your established business has particular needs. An account that is issued by acquiring banks that allow businesses to accept debit and credit cards. Company X, a dropshipper,. Confirm if the merchant account was “MATCHed. net is another popular option that will support the sale of smoking accessories. Understand more about being in high risk verticals by researching payment review websites with key information. An example is EMB, a high-risk merchant account provider that prides itself on serving CBD businesses. High-risk merchant accounts often provide access to a broader spectrum of payment methods, allowing you to cater to a more. 1 Since 2002, we have helped high-risk site owners accept credit cards. High-risk merchant account providers specifically cater to types of business that fall in. Some providers offer processing fee discounts for high-volume businesses. SMB Global: Ideal for larger high-risk companies that require a certain volume of monthly sales and cash. But, in the case of high-risk products, the merchant account must be. Any frozen assets could remain frozen until a high risk merchant account is established and the proof is provided. We can provide merchant accounts that are tailored to your specific high-risk product types. A typical fee is 5. The nation’s #1 high risk credit card processing company. Payment processing fees: 2% to 3. That means PayKings will service companies in industries that many other payment services shy away from. We have listed the top providers of marijuana merchant accounts below. This will allow you to access all your business accounts in one place. Stax: Best for high-value transaction. Certain businesses are considered high-risk due to factors such as the nature of their products or services, high chargeback ratios, or regulatory restrictions. Try Shopify free for 3 days, no credit card required. Square: Best overall. One benefit of purchasing equipment directly from Shopify is that Shopify offers 24/7 support for that hardware and risk-free 30-day returns. Verify the IP Address - Use IP address lookup websites to scan the IP address associated with the order. 6. Hi It is definitely possible that your hardware was part of the reason for the flag. At E-Commerce 4 IM, we work to help high-risk business owners successfully run their companies. Click on the “account” buttons if you want to start filling out a free application. Leverage Shopify’s fraud detection and analysis tools. Corepay. The reason for this is that this equitable new industry is susceptible to card fraud and chargebacks, which could ruin your business in just a few days. If you are applying for a higher risk merchant account, be sure to read your contract thoroughly. A high-risk merchant account will accept the risk and allow you to process. The application process for high-risk payment processing can be time-consuming and require extra effort. In this article, we’ll take you through some of the best CBD merchant account providers for Shopify and provide other helpful information to help you conduct your business and accept credit card payments seamlessly. Shopify as a high risk payment processor. Do you think removing. Given the firm stance of the major banks, it is probable that these companies are using. As a very well-rounded high-risk merchant account provider, PayKings offers the following products and services: High-risk merchant accounts available to bad credit merchants; Offers ACH & eCheck processing; Choice of Authorize. While the vaping/e-cigarette industry is highly profitable, banks and credit card processors also consider it high-risk. Shopify Payments operates with its own terms and conditions and is, in effect, Shopify’s payment gateway. Don’t get us wrong, Shopify Payments is an excellent payment processor. This is where high-risk Shopify merchant accounts.