High Risk Merchant Account Instant Approval

High Risk Merchant Account Instant Approval

High Risk Merchant Account Instant Approval

What exactly is a High Risk Merchant Account Instant Approval (HREX)? It’s a given that high risk merchant accounts usually take longer to setup, instead of the standard businesses offering an approval within minutes. The former only takes a few days to open an online account, while serious high-risk transactions may reach up to five days in duration. That waiting time will be more than enough for many merchants and online businesses to decide that an instant approval offer is simply too good to pass up. But, what exactly does HREX instant approval entail? There are a lot of differences between high risk merchant accounts and normal merchant accounts. So, what qualifies as a high risk merchant account? Basically, it’s a business that doesn’t follow all the usual industry rules when it comes to money transfer and handling. They carry on business without following any regulations or guidelines. They might get approved instantly, but this approval doesn’t come with any guarantee of a speedy and smooth transaction.

How to Get Instant Approval For a High Risk Merchant Account

To qualify for an instant approval merchant account, high risk merchant accounts must have a history of high rate payments, which include all major payment processors. Payment processors include such reputable companies as PayPal, Xoom, Moneybookers and others. The process of applying for a high-risk account involves sending an application to each one individually, so getting individual approval is sometimes impossible. In cases where multiple payment processors are involved, some companies provide a more comprehensive package to ensure quicker approvals. Another key requirement for instant approval is that the high risk merchant account should be constantly monitored to see if it is being abused. One of the worst things that can happen to a merchant is getting a chargeback. This can be devastating, especially since chargebacks occur thousands of times every month and take valuable time and effort to resolve. Because of this, many merchant applications ask for an instant approval so chargebacks can be avoided. However, not every high risk merchant accounts qualify for instant approval. To get approval, the companies need to carefully review your application. Every application goes through a rigorous review process to look for any red flags that could potentially be used by a potential competitor. There are usually a handful of high risk merchant accounts that qualify for instant approval, but you may not be able to get approval immediately. This is when your company needs to be especially careful.

If you’re looking for high risk merchant accounts, make sure the application includes the proper documentation. Your application will need to have documents and proof that your business is stable and has been trading for at least six months. Many merchant accounts companies also want proof that you have the right system in place to monitor and manage your accounts. This verification is essential to getting high risk merchant account instant approval. Any company that doesn’t perform an exhaustive review of your business should be quickly dismissed and not considered. Another factor that will influence your ability to get approval is the processing speed of your application. The more expensive the transaction fee, the faster your application will go through and be approved. However, most processors do not have a choice as to the type of payment processors they work with. They are limited to accepting only the processors that offer the highest level of security and fraud protection. In addition, many processor companies offer a higher rate of approval than others, which means you may have to pay a higher rate for a merchant account. However, you get what you pay for. If you submit an application with the minimum amount of security and fraud protection then you will not get approved and your application will be immediately rejected. Also, when you are looking for a high risk merchant account provider you will want to do your homework and research the company. Make sure that they have been in business for a number of years and are a legitimate company that can provide you with top-notch security. A reputable merchant account provider will be able to provide you with a high percentage of approval at an affordable rate.

Getting a high risk merchant account is not an instant process. However, you can improve your chances of approval by choosing a payment processing service provider like Transcend Payment Processing. This service provider is committed to helping small businesses thrive by enabling them to accept payments anywhere in the world and ensuring cash flows are never interrupted.


If you are a high-risk merchant, you need to be prepared to provide a lot of documentation before you are approved. First, you must choose an acquiring bank with experience processing transactions for your industry. You also need to make sure that all of your documents are current and up-to-date. The approval process can take anywhere from several days to a few weeks, depending on your specific business situation.

The more information you provide, the faster your application process will be. For instance, high-risk businesses are required to provide bank statements from the past six months. If possible, you should scan all of the documents and present them with your application. Having all of your documents in PDF format will make the approval process go much faster.

High-risk industries are more likely to have chargebacks and fraud than low-risk businesses, so financial institutions may shy away from them. While smaller companies may be able to use Paypal, high-risk businesses often struggle to find a processor. Fortunately, there are now companies that offer high-risk merchant accounts and payment gateways that can instantly approve them.

High-risk merchants need to find options quickly and highlight the best aspects of their business. This is why it’s essential to share as many documents as possible. In a cover letter, you should mention the highlights of your business and what makes it unique. Ensure that you don’t sign a long-term contract with a high-risk account provider that promises instant approval because this could cause your payment processing to stall and prevent you from processing your sales.

Another thing to keep in mind is that high-risk businesses are more expensive than their low-risk counterparts. The cost of high-risk merchant accounts is much higher than those for low-risk businesses, and you’ll be required to pay higher processing fees than your low-risk counterparts.

Credit score

If your credit score is too low, you may not be able to get approved for a merchant account. It’s important to work with a high-risk merchant account provider that understands the nuances of your business. It’s also important to provide your business’s financial documents in a timely manner, so that your application will be processed quickly. Be honest with your provider about your financial situation, as they will be reviewing these documents to make sure you’re not misrepresenting the facts.

Most high-risk merchant account providers do not cancel your account immediately if your credit score drops below a certain threshold. Instead, they may enforce a probation period or implement a mitigation plan. When considering a high-risk merchant account provider, ask about their policies and fees. Also, be sure to ask what happens if you cross any thresholds. Accepting payments from international customers increases your risk of fraud and chargebacks. Most high-risk merchant account providers allow you to accept international cards, but you may need to obtain a separate account.

High-risk merchant accounts are typically associated with higher interest rates. If your credit score is too low, your application may be denied or be subjected to a longer approval process. However, you should be able to find a merchant account provider that understands the intricacies of a high-risk business. They will consider other factors in your application if your credit score is low.

A high-risk merchant account provider will typically require you to provide more information to process your application, so don’t be afraid to ask for more. It’s important to remember that high-risk merchant account providers charge higher fees, which can vary between 1-5%.


If you’re in a high-risk industry, you may have a difficult time obtaining a merchant account. High-risk businesses typically face higher fees and tighter controls on customer charges. They also have limited options when it comes to credit card issuers and acquiring banks.

High-risk businesses need a dedicated account and may not be accepted for a standard merchant account. However, they are still able to accept credit card payments. Despite the higher fee, many high-risk merchant accounts offer dedicated customer support and tools to reduce or eliminate chargebacks.

Before you can apply for a high-risk merchant account, you need to prepare all of the required documents. These documents should include bank statements for the last six months. Having this information ready will speed up the application process. You can also contact your processor and ask for a list of documents you’ll need. These documents should include valid identification papers, banking statements, the details of your eCommerce website, and your credit score.

Payment processors have guidelines for determining whether a business is considered high-risk. Generally, the lower the chargeback ratio, the better. A good rule of thumb is that chargebacks should not be more than 0.9% of total transactions. Moreover, high-risk industries include those with high chargeback rates, such as the travel industry. Many factors can cause cancellations in a travel industry, and this can result in chargebacks. Another example is adult-themed websites.

Setting up a high-risk merchant account is only the beginning of a long-term relationship with the payment processor. The payment processor has a financial stake in the success of the merchant and is therefore willing to shoulder the risk of chargebacks. Typically, it takes less than 30 minutes to set up a merchant account. Payment processors also help merchants minimize and negotiate chargebacks.

Term length

If you are looking for a high risk merchant account, you can get instant approval if you apply with PayPal. This service is reputable and offers fast estimates and approvals. PayPal does not charge an application fee for their high risk merchant accounts. They also do not charge a set monthly fee. However, rates for these accounts may vary. High risk merchant accounts may have fees ranging from $19-$45 per month, depending on the type of business you run. However, fees are typically lower than those of traditional merchant accounts.

Before choosing a high risk merchant account, it’s important to provide accurate information about your industry. Make sure the company you are working with has a proven track record and industry experience. It is also important to have good paperwork. There are many providers out there who sugar-coat their paperwork to get more business, but that can lead to inaccurate rate quotes.

Whether you’re a new or established merchant, it’s essential that your processing company is able to accept credit card payments. A high-risk merchant account should also be associated with a website. Many PSPs will not approve high-risk merchant accounts if the website isn’t active. In addition, copying content from another website can affect the approval of your application.

In general, high-risk merchant account approvals have a two-step process. First, the payment processor performs a pre-vetting of the business. Then, the back-end processor and the acquiring bank will make a decision on whether the merchant can accept credit card payments. This second process can take days. In some cases, a high risk merchant account may take longer to process.


When looking for a merchant account provider, make sure to ask about the pricing for high risk merchant accounts. Often, high risk merchants have higher rates than standard businesses. Make sure you understand what these fees are, and what they cover. Also, ask about whether there are restrictions based on industry or transaction size.

High risk merchants are subject to stricter scrutiny than standard businesses, and many providers follow rigorous underwriting processes to minimize the risk associated with their accounts. Various endpoints are used to determine the authenticity of a merchant, and false information is automatically rejected. You must be truthful about the nature of your business, and be prepared to provide an organogram or other documentation proving your legitimacy.

High risk merchant accounts carry a higher risk of chargebacks than standard accounts. These chargebacks can occur for various reasons, including technical problems with orders or products. You may also be subject to regulations for shipping over state lines or to certain regions. In addition, certain products are linked to crime or are popular among fraudsters.

High risk merchant accounts also often come with expensive processing agreements. Some of these agreements include a termination fee. If this is a deal-breaker, you may want to shop around. Other payment processors don’t have this type of fee. The best way to avoid high risk merchant accounts is to compare prices and services.

How to Get Instant Approval For a High Risk Merchant Account

Benefits of Using A High-Risk Merchant Account

If traditional payment methods don’t work, your large or small business needs a high risk merchant account. It is a payment processing account that accepts diverse payments from your customers. It comes with higher fees than low-risk accounts. Yet, this is only a small price to pay for extra protection. This type of account is best for businesses categorized as high-risk. Let’s look at what high-risk merchants are and how this type of account can help. 

This is a business that poses a high risk of fraud to the payment processor. It can be due to the nature of the business, its customers, or the owner’s credit liability. These businesses do not qualify for the processing requirements of normal banks. So, they turn to other payment alternatives.

What Is A High-Risk Merchant Account?

It is an account that allows businesses to accept different kinds of payments. This makes the buying and selling experience convenient. It also protects businesses from customers that try to defraud them. The signup process is easy and you can complete it online. This kind of account is best for high-risk businesses. It also provides a second chance for businesses that have bad credit situations. These businesses cannot use traditional payment methods to conduct transactions. So, this type of account is a good fit for them.

Do I Need A High-Risk Merchant Account?

The risk of fraud is inevitable when conducting business. So, it is important to take steps to protect your business from these circumstances. Below are some benefits of having a high-risk merchant account:

#1. Worldwide Payments

This type of account doesn’t have the restrictions that regular accounts have. It allows you to receive payments in different currencies from anywhere in the world. This will expose you to a larger global market. It also allows you to earn more since you can reach a wider audience. If you run an online business, you should apply for a high-risk merchant account. A traditional account will only limit you to a local market with no room for growth.

#2. Higher Security Levels

Like we said earlier, it is impossible to get rid of scams. Yet, there are steps to reduce the possibility of them happening. Many high risk merchant accounts have strategies in place to detect phony transactions. This will protect your business and the service provider from fraud. To set up this kind of account, work with a trusted service provider. 

#3. Better Strategies For Handling Chargebacks

An overload of chargebacks will not result in a loss for your business. This is because the service provider anticipates and prepares for potential dangers. Instead, they take preventive measures to protect you from fraud. One of these is demanding a reserve fund, so chargebacks don’t affect the progress of your business. They also expect your account to hold a certain amount of money for a period of time.


A high risk merchant account offers better protection for your business. It also helps you connect to a wider audience. You will find this article helpful if you’re considering getting one. 

Examples Of High Risk Businesses

If your’e looking for a high risk merchant account approval you’ve come to right spot.

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