About High Risk Merchant Solutions
Overview
High Risk Merchant Solutions is a U.S.-based merchant account provider that specializes in payment processing for businesses classified as high-risk by traditional banks. According to the company, it has been operating in the high-risk processing space for nearly a decade, and third-party industry directories list it as founded in 2015.
The company places accounts for merchants in industries such as adult entertainment, dating sites, casinos and online gaming, fantasy sports, tobacco and e-cigarettes, travel services and timeshares, hotels, liquor stores, debt consolidation, credit repair, collection agencies, nutraceuticals and supplements, pharmaceuticals, call centers and telemarketing, bail bonds, loan modification, and multi-level marketing. It accepts both domestic U.S. merchants and offshore or international merchants, and notes that international settlements can be issued in 180 currencies with twice-weekly funding.
High Risk Merchant Solutions positions itself primarily as a sales and account-placement operation that works with a network of acquiring banks and payment gateways rather than as a direct processor or bank, and it advertises integration with most major payment gateways. The company is listed at a Hartford, Connecticut location in third-party business databases.
Pricing
High Risk Merchant Solutions does not publish a complete pricing schedule on its website. The company advertises only "as low as" promotional rates: 2.99% for domestic high-risk merchants, 4.50% for offshore and international accounts, 1.00% for e-commerce, and 0.59% for standard retail. The site also states there are no application, annual, or setup fees and that merchants receive next-day funding.
According to expert review coverage of the company, these advertised rates are starting points used in marketing rather than effective rates, and the company does not publicly disclose its full schedule of discount rates, transaction fees, monthly fees, gateway fees, chargeback fees, or rolling reserve requirements. Pricing in practice is reported to be determined per-merchant based on industry, processing volume, ticket size, and risk profile, and is communicated only after the underwriting and quote process.
Contact
Phone: 866-855-6732
Recent User Reviews
As a high risk business, we struggled to find a processor that would work with us until we found High Risk Merchant Solutions. They helped us get approved quickly, explained all the terms clearly, and set us up with a stable, reliable system. It’s been a huge relief.