Low-risk rates from $99 /month and $. Prior applying for a merchant account, you must know if your business comes under low-risk. PaymentCloud: Variable monthly account fee. When it comes to low risk merchant accounts, typically the reoccurring monthly fees are low or minimal, but that is not the case with a high risk credit card processing merchant account. 10 per transaction (low-risk accounts) Processing rates vary by acquiring bank/back-end processors (high-risk accounts) $15/month account fee (low-risk accounts). 6% plus 10 cents, while the fee for a high-risk account might be 2. A merchant with a low credit score — whether it’s because of a prior bankruptcy, a tax lien, or any other reason — will by default be classified as a “high risk” merchant, and therefore will usually be rejected for a credit card processing services by most large banks and merchant services companies. It provides high risk businesses with the necessary tools to navigate today’s eCommerce. High risk rates as low as blended 2. Are you stuck between low-risk and high-risk merchant service providers? While the specific conditions vary from processor to processor, you can get a good grasp of what to expect by comparing their account’s overall pros and cons. 6. However, these two accounts vary. High-risk merchant accounts are assigned to a business for a number of reasons,. Simply keep in mind that we determine our rates based on your monthly processing volume as well as your individual business’s risk factor, but our rates can start as low as 6. Certain industries are labeled as high-risk – operating under more stringent regulations with substantially higher transaction costs (e. A low-risk merchant may need to meet many requirements; however, the most important are: low revenue, few transactions, and low chargebacks and returns. Your merchant agreement will depend on whether or not your nonprofit is classified as high-risk. Additionally, if. Low-Risk Merchants Explained. Gspay. Application: The business applies for a high-risk merchant account with a specialized payment processor that specializes in high-risk businesses. Low-risk merchant accounts are less expensive and have fewer requirements, but are only available to businesses in low-risk industries. The second thing you need to know is the type of merchant account you’ll get with your application. Painless Business Funding; Painless Agent Program; Refer a Merchant; FAQ; Contact Us; APPLY NOW; Search for: Search for: Low Risk Merchant Account Doug 2018-12-30T02:05:56+00:00. Your average ticket size is significantly less than $50. Have you been facing trouble for keeping a merchant account or for being approved for your business because you have been labeled “high risk”, you may also have other options. clothes, shoes, kitchenware, food. For low-risk merchant accounts, these fees can rack up to $15 to $50 per incident, depending on the transaction value. Low-risk Merchant Account. com. Durango Merchant Services: Best for eCommerce merchants. Many "low risk" merchants have a majority of their credit card transactions conducted in person ("card present"). To get a high-risk merchant account, you need to go through several stages: 1. Low Risk merchant accounts allow organizations that are deemed low-risk to accept payments online and offline. Fees are the main tangible difference between a high and low risk merchant account. What Is a High-Risk Merchant. Only one type of currency is accepted. Tiered pricing usually offered to bad credit merchants. When you call or email, you’ll always speak with our friendly, in-house client support team. 50% + $0. It allows you to take credit card payments, handle more transactions, and keep your operations safe. Low-risk merchant accounts are best suited for businesses with low transaction volumes or large up-front investments. This is the fee that is charged for integrating the services to the merchant application. various factors collectively decide the risk category for a particular business. The third main difference is that a high risk merchant account has an average credit card transaction of over $500 while a low risk account has an average credit card transaction of less than $500. Instant approval hardly means instant for high-risk merchant accounts. Our picks for the best free merchant accounts include Square, Chase, Stripe, PayPal, and more. We accept most legal high-risk merchants industries. 3. Apply for the necessary business. 10 processing fee per transaction (exclusive of any fees charged by your merchant account)The most obvious downside to needing high-risk merchant accounts is the higher rates. To determine if your offshore merchant account is high or low risk, consider factors such as your industry classification, chargeback rates, compliance history, and financial stability. 1. A high-risk merchant account means payment processors and card networks view the company as being more likely to default on its payments, suffer high levels of chargebacks, or even commit fraud. Low-risk accounts usually benefit from lower prices because they demand less work from payment processors. Direct Post Integration. If you are a vaping merchant, you will need a. While low-risk retail and ecommerce merchants can pay as low as $10 per month, high-risk merchants should expect to pay an average of $25–$45 monthly. The merchant account acts as the middleman between the. Customers must understand the difference between a low-risk merchant account and a high-risk merchant account. Many low-risk businesses run into chargeback issues that force their merchant account to close. High-Risk Credit Repair Merchant Account. However, Instabill can provide you with competitive and affordable payment processing fees for your replica merchant account. The other way that payment processing services hedge against risk is to require high-risk merchants to maintain. Check by phone merchant accounts are available to businesses in all types of industries. When payment processors consider approval, the decision must go through their bank, which may or may not deal in high risk industries. merchant accounts), you’ll typically need to process $5K-$10K in monthly transactions to justify the cost. There are several criteria to determine the risk level of a business: high transaction volume, international payment (geographic location. To qualify for low risk merchant accounts, your business must: Process less than $20,000 per month, Have an average ticket size of less than $50, and. Best for high-risk retail businesses. 5 Best POS Systems For Gyms To Get More Members In 2023 - August 5, 2022. These merchants are similar to physical store merchants except that the point-of-sale and all business is conducted online. Best merchant services in 2023. For example, ecommerce brands can expect to pay 4% per transaction while dating sites are looking at 6% and IT support 10%. 2. These risks could range from a high likelihood of chargebacks and fraud to legal. Generally, high-risk business owners can expect credit card processing rates of 0. If you want to register for credit card processing and a merchant account, you must determine whether you are a low-risk or high-risk merchant. net is a payment gateway solution from Visa. Low-Risk Merchant Definition. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. Low-risk merchant account. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. Compared to a regular account, a high-risk merchant account will have the. Merchant One: Best for Flexible Pricing. That said, they have the benefit of more generous transaction limits and. As is typical of the high, medium, and low-risk merchant account providers, Goat Payments doesn't disclose fees on its website. For the approval of a high-risk account, merchants need to have a solid credit history and chargeback management records. This high-risk processor will help you set up electronic payment options for. If the business has low to zero chargebacks. Show Summary. It is possible for the bank to place a rolling reserve. 05 per transaction. But they're more. High-Risk & Low-Risk Merchant Accounts: While Corepay can also place low-risk merchants, its specialty is in providing merchant services to businesses that are deemed to be in a high-risk category. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. Our payment gateway services give you access to information regarding your merchant account solutions. Maximize approval ratios based on your target customer base. Riskier companies may still be approved, but with. various factors collectively decide the risk category for a particular business. but merchants need to read the fine print: this service comes at a price. A high-risk gateway is compatible with. How to get a High Risk Merchant Account? 1. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. High risk merchant account fees. Though, high-risk merchants need to pay extra than the traditional merchants. Dharma’s monthly fee is $20 per month. It offers and contains all the features just like the regular and domestic merchant account. Get Accepted for a merchant account via our easy online application with the leader in merchant accounts for. High-risk Vs. Not only do we have highly competitive rates, but we also provide 100% transparency and top-notch customer service. 2. 8. Currently, consumers’ most preferred payment methods are credit and debit cards. As such, the primary factors that matter with a high-risk merchant account are processing history and industry reputation. 30 per transaction. Fortunately, we offer an easier and cheaper way here to accept card payments online. Treati. You need a partner that truly understands your industry, provides transparent and competitive rates, and helps maximize your revenue potential. The company’s EPD Gateway is its primary product, with merchant accounts provided through partnerships with numerous major US and international processors and banks. Visit Site. November 14, 2021. Your merchant account provider will send the transaction details through its backend processor to the customer’s card issuer . However, Corepay is here to help, by using our many years of expertise and. At Corepay, we frequently get merchants approved who have had their Paypal accounts terminated as we specialize in high-risk payment processing. If you answered yes for more than one, you’re likely classified as a high risk merchant by service providers. To open, a business needs an EIN and valid business license. Low-risk merchant: High-risk merchant: Average monthly sales volume: less than $20,000: over $20,000: Average credit card transaction: less. As one of the most trusted merchant account providers available, Payment Cloud has serviced hundreds of popular high-risk merchants. A high-risk merchant account enables you to sell in riskier markets. This gives many merchants the opportunity to fix problems from previous processing partnerships and work towards a low-risk merchant account. Best for chargeback monitoring: SMB Global. For over 5 years, Corepay has specialized in providing merchant account services to a wide range of high-risk industries. Low Risk Merchant Account. In-person payments cost the merchant a fee of 2. Companies like Shark Processing help merchants expand their reach globally and tap into new markets, offering convenient payment options to customers worldwide. A high risk merchant processor highriskpay. Businesses classified as low-risk typically operate. - Accepts wide variety of high risk industries. The main difference between a high-risk merchant account and a low-risk merchant account is that the former operates in scenarios that are deemed to be extremely risky as outlined above. It offers fast and easy. A merchant account is a bank account into which a merchant's payment processor. , subscription payment models, gambling sites). The quality that sets this company apart from its. National ACH specializes in offering high-risk merchant accounts to process ACH, e-checks, debit cards, and credit cards. A voided check, or other proof of bank accounts such as a signed bank letter or barring that, your bank’s routing number and your bank account number. Average Fees for a Low Risk Merchant Accounts. If you are a merchant with a history of a lot of chargebacks your payment processor may want a. For a high-risk merchant account instant approval, it is preferable to go for a service provider like PayCly which specializes in high-risk companies. Reason being, merchants in our payment processing world come under low-risk, medium-risk, and high-risk categories. GoCardless Last editedDec 2021 — 2 min read Table of contents Merchant accounts explained What is a high-risk merchant account? What is a low-risk merchant? In. A Delta 8 merchant account is a type of merchant account aimed to ease the transactional process of Delta 8 businesses. PaymentCloud: Best For High-Risk eCommerce Businesses. Cashback and reward points for certain merchant categories must. However, for business owners looking for the best high-risk merchant accounts with bad credit, you might want to consider Electronic Cash Systems, PaymentCloud, Payment Depot, Durango Merchant Services, Soar Payments,. In contrast, high-risk merchant accounts require more effort to set up and incur higher fees than their low-risk counterparts. a. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. Many companies consider this to be having a merchant account. PaymentCloud is a merchant services provider. Many acquiring banks in the US consider merchants looking for offshore merchant accounts as high-risk clients. National Processing. In summary, credit repair agencies cannot rely on cookie-cutter solutions for payment processing. That is probably the most unpopular pricing model, but it’s hard to avoid. Supporting all the most well-known sectors in the adult entertainment industry — except escort services — Payment Cloud’s features are specifically tailored to meet the needs of web-based adult entertainment. Comparing high-risk and low-risk account holders. High-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. These are. The truth is that it takes must time to get approved for a high-risk merchant account compared to the traditional merchant account. Low-Risk Merchant Accounts. Application: The business applies for a high-risk merchant account with a specialized payment processor that specializes in high-risk businesses. net Gateway. Banks categorize businesses into three main groups: high-risk merchants, medium-risk merchants and low-risk merchants. If the average ticket is less than $500. Corepay understands that digital payments are intrinsically tied to the success of eCommerce businesses. PaymentCloud: Best overall. Low-Risk Merchant Account. Reduction in Processing Delays. Your payment service providers will impose a fee when you use your merchant account, accept credit card payments, or agree to pay from your debit cards. If your business fits into any of these categories, you’re primed to start working with Dharma. HighRiskPay. Here at Shark Processing, our sole focus is securing low-cost,. Here’s our list of the best merchant. While the vaping/e-cigarette industry is highly profitable, banks and credit card processors also consider it high-risk. 25/keyed-in transaction (volume discounts available) Best all-around virtual terminal. By contrast, a high-risk merchant who uses a payment processor like Paysafe should expect a fee as high as 7. They will provide the best rates for services, plus they will offer more lenient terms for services. High-risk merchant account fees Setup Fees. Here is the 4-step process of a debit card or credit card transaction and how a merchant account works:. 2. Low-risk rates, as low as $99 per month and $. You may also end up paying for a long list of services such as PIN debit network fees, payment gateway fees, monthly account fees, and more. A merchant account may be classified as low-risk due to one or more of the following factors: If the average monthly transaction volume is less than $20,000. To qualify for low risk merchant accounts, your business will fit the following description: You process less than $20,000 per month; Your average ticket size is less than $50; Zero to low chargeback ratio; You operate within a low risk industry; You are incorporated in a low risk country The Difference Between Low-Risk & High-Risk Merchants. Initially, you are required to pay the initial setup cost whether you are a high-risk merchant or a low-risk merchant. ”. 1. In most cases, a high-risk merchant account can be approved within 3 to 10 business days of a complete application packet being submitted to underwriting. When it comes to merchant accounts, there are high-risk and low-risk businesses. Offers: Business loan matchmaking services. g. A merchant account may be classified as low-risk due to one or more of the following factors: If the average monthly transaction volume is less than $20,000. To qualify for same-day merchant account approval, ensure all the needed documents are in order. For example, if you’re a business owner with a bad credit score, and you went through several unsuccessful attempts, you still have a chance to accept credit card payments, but you have to find the. Keep in mind; they will still need to have good credit, have been around for years, and have a monthly revenue of under $20,000, and do 80-85 percent of their. Even though the criteria might differ from one provider to another, there are some fundamental. In Summary: 5 Best Bad Credit Merchant Account Providers. The long, technical, boring answer: A merchant account is a type of bank account in which transaction funds sit until final settlement, at which point processing fees are deducted and funds are transferred to the merchant’s. When it comes to low risk merchant accounts, typically the reoccurring monthly fees are low or minimal, but that is not the case with a high risk credit card processing merchant account. They have employment in a sector with a reduced rate of chargebacks, frauds, or refunds. A reserve, in simple terms, is a security deposit for the acquiring bank, and its goal is to protect them from potential risks associated with your merchant account. Best low risk merchant account services for low risk business from AMSLV. It is important to note that each payment processor has its own set of criteria, but there are certain qualities that are shared by all of the competitors on the market in terms of security. in high-risk categories do so with the confidence that the reward will offset the extra hassle and expense of a high-risk merchant account. On the other hand, high-risk merchant accounts deal with high-risk items like cannabis, tobacco, firearms, airplane tickets, virtual currencies, and pharmaceuticals. So, if you are in requirement of a high-risk merchant account Europe (Albania. Click to get a free quote or call our experts at 888-302-8472. High Risk. National Processing: Best for an all-around processor. 30 transaction processing fee. The phrase high-risk is a scary prefix for most business owners seeking a merchant account. High-risk Vs. A team of high-risk analysts or an individual analyze your business to find out any type of risk. Validate your high-risk Level 4 merchants’ compliance with the PCI DSS. The best merchant account providers help businesses through every step of the process. General characteristics of a low risk merchant account. A high-risk merchant account is a type of business bank account set up by a payment processor that allows merchants to accept credit and debit cards for their business, even though they have been. Staying on top of any requests for supporting documents. The short answer: A high-risk merchant account is the solution to a high-risk business’s payment-related problems. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. (Even low-risk businesses can wait up to 1-2 business days for approval. A low-risk merchant may need to meet many requirements; however, the most important are: low revenue, few transactions, and low chargebacks and returns. The Best Merchant Account Services. As high-risk merchant accounts tend not to have as competitive terms as low-risk, we considered factors like a breadth of features, ease and cost of sign-up, and contract terms. Powerful POS System Strategies with Mony Zenou. Low-Risk Merchant Accounts vs High-Risk Merchant Accounts. Operating in a low-risk field like book sales, apparel retail or medical services; Businesses that are considered to be low-risk by payment service providers can get fair rates, fair policies, and chargeback protection. Low-risk merchant account. The average rates for setting up a low risk merchant accounts start from around one hundred and fifty US dollars. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. : Best for global payment processing. In general, the low-risk merchant account is cheaper than the high-risk merchant account because a low-risk merchant account comes with many restrictions. $25 monthly payment gateway fee. 2. Opting for a low-risk merchant account provides multiple advantages, such as lower processing fees. Square Merchant Services: Best for Startups. Nov 19, 2023Learn more about what constitutes a low-risk merchant A business that accepts credit cards for goods or services. These include reduced fees and less of a need. If you are the owner of a small or medium business in online retail, games, IT, digital content or non-profit sector, then EU Merchant Account will help you open a special “Low/Medium Risk Merchant Account”. It is important to keep in mind that fees for a credit merchant account typically are. 59% over interchange, while high risk rates. What are high-risk merchant account and low-risk merchant account? Before jumping into finding the ideal merchant service provider, you need to answer some questions beforehand. Treat. Our payment experts approve 99% of low and high-risk merchants for full-service payment solutions, becoming the #1 provider for payment processing, funding, and so much more. You recommend contacting your account provider and discussing these factors to clarify the risk level assigned to your account. Full-service merchant accounts; Accepts most high-risk industries; Full line of countertop and mobile credit. Low Risk. your business’s features. A high-risk merchant account has never been easier to attain thanks to Payment Savvy. This is very long compared to the typical month-to-month offering for high-risk merchant accounts, so keep that in mind before choosing them. Skip to content (877) 996-2795; Merchant Accounts; ABOUT. It is best to find a high-risk processor who understands the needs of businesses with bad credit. Best for chargeback monitoring: SMB Global. A high-risk merchant account is for businesses that operate in high-ticket industries with increased risks of fraud and chargebacks. If you own a high-risk businesses you are susceptible to chargebacks. The following are additional requirements of low-risk merchants: Credit card transactions are usually $500 or less. A low-risk business is any business that potentially generates a low amount of chargebacks, is registered in progressive countries, and does not operate within listed banking network verticals. Merchant services should support your business, not drain it with excessive fees. A flat-rate pricing structure is offered by Stripe:Let’s Understand The Low-Risk Merchant. The merchant account provider will approve your application if you fall into its low-risk category. Underwriting process: The payment processor conducts a thorough review of the business’s industry, financials, chargeback history, and other relevant factors to determine the risk level. A high risk merchant poses more of a financial risk to the processing company. We offer support to companies who need an online gaming merchant account for a sustainable business. Excessive chargebacks are a prime reason why merchants are denied payment processing services. Some of these include: 541990 - All Other Professional, Scientific, and Technical Services. In simple terms, a high-risk merchant account is a payment processing account for businesses considered as ‘high-risk’ by credit card processors or banks. A high risk payment processor should provide excellent service and competitive rates—but there are some negative aspects of high risk merchant accounts that are unavoidable. In contrast to the application process for a low-risk merchant account, getting a high-risk merchant account can be more challenging because banking institutions prefer to offer low-risk customer. For example, you will be considered as a low-risk merchant if your business has $20,000 or less monthly sales,. It is the acquirer’s responsibility to monitor a merchant’s compliance and ensure thatIn contrast, low-risk businesses tend to have lower credit risk and fraud risk, which makes it easier to get financing. Excessive chargebacks are a prime reason why merchants are denied payment processing services. 1) High-risk merchant accounts. 1. Level 3 processing is easy with the PayKings high risk payment gateway. Low risk businesses are the least vulnerable to fraud and chargebacks, but nobody is immune. ccNetPay – Best for a simple pricing structure and EU transactions. There are two main types of merchant accounts: a general purpose and a specialized merchant account. Because perceived risk is subjective, there’s no concrete definition for what constitutes a low-risk merchant. YOUR HIGH-RISK MERCHANT PROVIDER. Zero or low chargeback ratio. Even low-risk merchant account fees vary widely. Best for online and international sellers: Durango Merchant Services. Longer approval times are almost always due to delays while underwriters wait for additional information from the business owner. High-risk vs. Review merchant submissions of SAQs, network scanreports , and Reports on Compliance (ROC), if applicable, to determine that a merchant is in compliance with the PCI DSS. Merchant accounts for high-risk businesses are more dangerous for banking systems to operate with. 3. 3D Secure Processing. A low-risk merchant is one that: Trades in fairly modest volumes. ProMerchant: Best for High-Risk Businesses. Low-Risk Merchant Accounts Differences in Processing, Fees, and Restrictions. High-Risk Merchant Account vs. All low-risk Host Merchant Services accounts come with month-to-month billing, but high-risk merchants may have to agree to a long-term contract, in some cases. Advantages and Limitations of Stripe as a Merchant Account Provider. Hence, its functioning is a little bit different from the usual low-risk merchant accounts. Painless can help get you approved for your High or Low Risk Merchant Account. Here’s how this process works: 1. Click any of the links above to begin comparing costs on merchant account services for your own business's. No advantage or low cost is worth it if a provider does not offer adequate customer service. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. You will have live, toll-free merchant assistance by calling 855-551-8558 FREE anytime — 24 hours a day, 7 days a week, 365 days a year. You can access your funds with reduced processing times and minimal roadblocks with a high-risk merchant account. Chargeback fees: Even low-risk merchants get chargebacks, only at a much lower rate than high-risk merchants. We provide merchant account services for both low and high-risk businesses. In our review of merchant services, PaymentCloud earned an overall score of 3. S. APR: Not disclosed. But these obstacles shouldn’t stop you from running your perfectly legal and profitable business. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. 541611 - Administrative Management and General Management Consulting Services. Usually offers tiered pricing to bad credit merchants. Keep reading to learn more about high-risk merchant accounts, how you may have become high-risk, and how to become low-risk by getting off the MATCH List. While they do also accommodate low-risk businesses, they are better suited to high-risk ones. Higher set-up fees: High risk comes at a price and the price is that you pay more in setup fees. Even high-risk merchants service UK businesses can start accepting card payments with our help. 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. With experience learned through a few risky transactions, the high-risk merchant account holder will grow wiser and discern between different markets to. Laundering payments through a low-risk merchant account allows maximum proceeds while avoiding regulatory limitations. However, high-risk merchant accounts may come with slightly higher fees, underwriting processes, and reserve requirements or other financial assurances to. Have a zero to low chargeback ratio. Let’s go over the possible risk factors for a business being classified as high-risk. This process is merchant underwriting. You can expect to get the low-risk merchant account within a day. Authorize. The high risk gateway services. Understand more about being in high risk verticals by researching payment review websites with key information. 6% plus 10¢ per transaction. Consequently, many applications are turned down. With a low-risk merchant account, business owners not only get instant approval but also pay substantially less for merchant account services. Lastly, it is important to recognize that creating a high-risk merchant account involves a lot more than just setting up a system. Depending on your merchant services provider, this could be a one-time or annual fee if you’re required to renew your registration yearly. 95%. The payment gateway high risk business will differ from low-risk businesses in terms of cost and processes involved. The underwriting team plays a crucial role in analyzing multiple endpoints to verify the merchant’s genuineness. CDGcommerce: Best for an eCommerce/MOTO specialist. Durango Merchant Services: Best for highest-risk businesses. - No early termination fee even for high risk businesses. You have zero to low chargeback ratio. With a European merchant account, you’ll have access to a growing market and more customers. 1. But not all accounts are the same — some are considered low risk and others are high risk. There is a solution for every legal business. Get a free card swiper from Square at no cost when you create a free account. Laundering payments through a low-risk merchant account allows maximum proceeds while avoiding regulatory limitations. Learn more about Merchant Maverick’s credit card processor rating system. Why Do I Need A High Risk Merchant Account If you operate a business in a high-risk industry, obtaining a high-risk merchant account is an essential step in being able to accept credit card. SMB Global Overview. Square. Processes less than $20,000 monthly. Fill out the quick & easy form or pick up the phone and call +1 (800) 530-2444. A high-risk merchant account with instant approval can be the lifeline your business needs. These businesses often operate in industries that, for various reasons, carry a higher level of risk. Get a free card. Medium and Low Risk Merchant Accounts. Low-risk merchants are generally established merchants that process less in volume, have lower ticket averages, have little to no chargebacks, only transact in 1 currency. . The business is in a low risk industry. But with a knowledgeable and respectable payment processor like Signature Payments, high risk retailers can enjoy the lowest possible. Because of risk levels, either real or perceived, banks, financial institutions, and credit card companies would rather avoid working with high-risk. You already have a merchant account and only need the NMI gateway.