Payment Processing Services for High Risk Businesses
Are you in need of payment processing services for your high risk business? The Transaction Group (TTG) has got you covered!
Since opening our doors in 2004, TTG has helped thousands of businesses worldwide with credit card payment processing services. While we work with all types of businesses, the high-risk industry is our specialty.
What is High Risk Payment Processing?
When searching for a credit card processing solution for the first time, you may have been told by a processor that your business is high risk and that they can’t work with you. Getting this news and being immediately declined can be downright insulting.
The truth is that it’s often very challenging for businesses that sell products and services that are considered to be high risk to get approved for merchant accounts. We know how frustrating this can be.
So why is your business high risk? Well, simply, the products or services you’re selling carry more risk to a processor.
Historically, high-risk businesses experience much greater chargeback ratios. When chargebacks occur, it not only costs the merchant a lost sale and a chargeback fee, it can also result in penalties to the processor from the credit card brands.
Businesses selling products that are classified as high-risk can expect longer approval times and can expect to pay higher rates and fees.
An Easy Approval Process
With TTG, our goal is to provide the best rates available and to make the approval process as easy and frustration-free as possible. Unlike other providers, we don’t promise that we can get an approval and then require you to wait a lengthy underwriting process only to later tell you that we can’t help.
When we receive your information, we review your business requirements and are able to quickly determine which solution(s) will work best for your business type.
In the event we don’t have a solution that will work for your business, we’ll make that immediately clear so that we do not waste your time or ours. However, it is very unlikely that we won’t have a solution for your business.
High Risk Payment Processing for All Businesses
Together with our banking partners, we have solutions in place that enable us to set up virtually any high risk business with a non-cash payment processing service.
We try to set up all of our domestic (US-based businesses) high-risk accounts with a domestic solution first. We have offshore partners available for international and high risk accounts that we can’t place with domestic processing partners.
Our non-cash payment processing services for high risk businesses include card-present and online credit card processing, e-check, ACH, and Point of Banking (POB) which is also known as ‘cashless ATM.’
Some of the industries we regularly work with include:
- Medical & recreational marijuana
- CBD oil
- Herbal & nutritional supplements
- Bad credit & credit repair
- E-cigarettes & vapes
- FFL gun dealers
- Travel & tourism
- Penny auction
- IT tech support
- Diet & herbal supplements
- Pharma & neutraceuticals
- Online subscription services
- And many more…
Get Started Today
At TTG, we’re prepared to deliver the best solution for your business’ needs.
If you’re in need of payment processing services for your high risk business, call TTG today at 888-383-8056. We look forward to working with you.
Need immediate assistance? Complete this form or call us today at 888-383-8056.