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Recent User Reviews
Getting started with Shark Payment Solutions was more straightforward than I expected. They explained the approval process clearly and kept us updated the whole way. We’ve had steady processing and no surprise fees. It’s been a reliable setup for our business.
Shark Payment Solutions Company Overview
Shark Payment Solutions, also known as Shark Processing, is a merchant services provider specializing in high-risk payment processing for businesses in the United States, Canada, and international markets. Founded in 2016 and headquartered in Sheridan, Wyoming, the company offers services including credit card processing, ACH payments, virtual terminals, and offshore merchant accounts.
The company caters to industries often classified as high-risk, such as CBD, adult entertainment, travel, nutraceuticals, and online gaming. Services include support for card-not-present transactions, recurring billing, fraud protection, and chargeback mitigation. Shark Payment Solutions partners with multiple domestic and international acquiring banks to provide customized solutions based on business type and risk profile.
Pricing structures vary, with published rates starting at 5.49% or higher for card transactions. Setup fees range from $100 to $1,000, and a rolling reserve of approximately 10% may apply. The company does not require long-term contracts, offering flexibility for businesses.