We Offer High-Risk Merchant Accounts and Payment Processing for All High-Risk Industries

Secure and speedy high-risk merchant account solutions isn’t just a promise – it’s PayFasto’s expertise. Our experts understand the unique needs and challenges high-risk merchants face. Enjoy hassle-free transactions, fraud prevention, and seamless payment experiences with your new provider.

Some Of Our 500+ Happy Customers

One high-risk merchant account with endless payment options

Say goodbye to juggling multiple payment systems. PayFasto simplifies your transaction management with a single comprehensive high-risk merchant account solution. Our platform supports an array of payment options, giving you the flexibility to cater to your customers’ preferences.

Experience the peace of mind that comes with PayFasto’s dedicated high-risk merchant account solutions, designed to streamline your payment processes. From digital wallets like ApplePay or GooglePay to crypto and even Klarna, PayFasto’s high-risk credit card processing covers all your bases.

Name the industry and we get your high-risk business approved. Fast.

With an over 90% approval rate, we aim to get your high-risk merchant account up and running swiftly so you can start earning from day one. We’re acquainted with the challenges of high-risk sectors. That’s why our high-risk merchant accounts are customized to offer you the best possible support and security.

Whether you’re in CBD, crypto, adult entertainment, or gambling, our expert services ensure you’re equipped to meet the unique demands of your unique industry. Let us handle the complexities of high-risk payment processing while you work on what you do best – growing your business.


What you get with Payfasto’s high-risk merchant account services:

You’re in safe hands. We handle over 1 million transactions monthly, all over the world. Wherever you’re operating from and no matter your industry, we’ll provide you with safe merchant account solutions.

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We Work with All High-Risk Industries

Expect one of the best high-risk merchant accounts solutions in the game. We specialize in supporting businesses in high-risk industries, and our payment gateway is designed to help any high-risk business with payment and credit card processing.

Adult Industry

Whether you offer sex toys, adult content websites, intimate chat rooms, or adult webcam services, PayFasto can provide you with an adult merchant account with secure, high-risk payment processing.

CBD & Cannabis Industry

From CBD products to hemp and cannabis merchants, PayFasto offers tailored CBD high-risk merchant accounts that will equip you to accept payments from customers worldwide.

Travel Industry

We’ve worked with several businesses in the travel industry, too. PayFasto is your strategic payment partner, providing a tailored high-risk merchant account solution for travel business, whether you’re a travel agency or a startup.

Online Gambling & Casino

In the online gambling and online casino industries, mitigating risks is paramount. PayFasto specializes in casino and online gambling merchant accounts for these sectors by providing a tailored solution.

Crypto Industry

We are your trusted partner in providing cryptocurrency processing solutions that will allow you to accept, trade or sell cryptocurrencies, including Bitcoin merchant services.

E-Cigarettes & Vape

From e-cigarettes and vape liquids to tobacco and paraphernalia, our versatile e-cigarettes and vape payment processing and merchant accounts empower your business to accept payments for all your products.

Simplify your payment processing & connect your favorite apps

PayFasto makes handling high-risk payments a breeze while helping you mitigate risks. You can rest easy with real-time transaction monitoring and fraud prevention, knowing your payments are securely tracked 24/7 by your trusted high-risk e-commerce payment processor.

Our platform seamlessly integrates with your favorite e-commerce apps like Shopify, WooCommerce, and Opencart to further streamline your process and ensure a better customer experience.

Tackle unique high-risk merchant challenges by enhancing your Shopify processing with PayFasto.

Plus, explore PayFasto’s seamless integration with WooCommerce for a secure high-risk e-commerce experience.

We handle your payments locally so you can grow your business globally

Going global shouldn’t be another hurdle for high-risk businesses to jump through. Our easy-to-use, multi-currency gateway lets you handle transactions worldwide, right from where you are.

PayFasto’s payment solutions are designed with a global audience in mind. We manage your payments locally while giving you the freedom and flexibility to expand your business globally.

Advanced payment solutions designed for high-risk merchants like you

Our goal is to provide high-risk merchants like yourself with the tools and support you need to operate securely and efficiently while also complying with industry regulations.

Benefit from our cutting-edge fraud detection tools, working around the clock to monitor transactions and prevent fraudulent activities.

This not only protects your business but also significantly reduces chargebacks. Our robust identity verification and meticulous monitoring ensure minimized unauthorized transactions, alleviating the headaches they create.

Should a chargeback occur, our expert team is here to assist you. We’ll help you compile the necessary documentation and evidence, increasing your chances of successful dispute resolution.

What is a High Risk Merchant Account and how to qualify for one

Customer support 24/7 with genuine payment experts who are just a call away

Day or night, our high-risk payment processing experts are just a phone call away. Whether it’s a technical glitch, a query about transactions, or guidance on navigating unique challenges, our team can provide immediate assistance whenever you need it. Enjoy the peace of mind that comes with having dedicated support around the clock.


Our Integrations

You’ll be well-connected to of the apps you know and love – even if you’re operating in a high-risk industry.  

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Frequently Asked Questions

What is a high-risk merchant account?

A high-risk merchant account allows businesses in high risk industries to accept payments. It is a type used by businesses with a higher risk of finance-related issues, such as fraud or excessive chargebacks.

This doesn’t mean these businesses are wrong; they operate in industries where these risks are more common. Traditional banks and financial institutions are less likely to work with businesses in the high-risk category.

A high-risk merchant account works by collecting payment information, processing transactions, and sending money from the buyer to the seller, while the payment gateway confirms and allows the transaction.

How do high-risk merchant accounts differ from low-risk merchants for payment processors?

High-risk merchant accounts differ significantly from low-risk merchants in payment processing. This distinction has to do with the assessment of risk levels in their respective industries.

High-risk merchants, often in sectors prone to increased chargebacks, face stricter scrutiny in credit card and ACH transactions, resulting in higher chargeback fees. They may also encounter a higher rolling reserve, and processing fees are typically elevated due to added complexities.

On the other hand, low-risk merchants enjoy smoother processing, lower chargeback fees, potentially no rolling reserve, and more favorable processing fees due to their reduced risk profile.

Check out our detailed blogpost here.


When do I need a high-risk merchant account?

When do I need a high-risk merchant account?If your industry is labeled high-risk by banks and payment processors, a high-risk merchant account is likely necessary.

These accounts typically include more robust fraud prevention and security measures.

Consider a high-risk payment solutions provider if your business:

  • Often experiences chargebacks (when customers dispute a charge and ask for their money back)
  • Sells products or services to customers internationally, especially if you deal in multiple currencies
  • Is prone to seasonal fluctuations, which affect steady revenue streams
  • Operates in a high-risk industry

Do I need a high-risk payment gateway along with a high-risk merchant account?

Yes, if you operate in a high-risk industry and are in the market for a high-risk merchant processor, it is advisable to use it along a high-risk payment gateway.

A high-risk payment gateway is specifically designed to accommodate businesses with elevated risk profiles, offering specialized features to manage the challenges associated with high-risk transactions.

Dive into the implications of high-risk transactions for businesses and their customers.


How to get a high-risk merchant account?

Look for payment processors specializing in high-risk credit card processing who are experienced in dealing with the unique challenges of high-risk industries – like PayFasto.

With a 90%+ approval rate, we get your high-risk payment processing platform approved and running as soon as possible. You can count on personalized, dedicated support every step of the way.

Fill out the short form and get your free quote within 12 hours, no strings attached.


How to find the best high-risk merchant account provider?

To find the best high-risk merchant account provider, start by researching and comparing options:

  • Look for providers with a solid reputation in handling high-risk industries, checking for customer reviews and testimonials if possible.

  • Evaluate their experience in your specific industry and assess the range of services offered, including fraud prevention measures and customer support.

  • Compare fee structures, considering processing fees, chargeback fees, and any additional costs.

  • Ensure the provider complies with industry regulations and offers transparent terms.

What are the rates for high-risk merchant accounts?

Rates for high-risk merchant accounts can vary widely depending on factors such as industry type, processing volume, and the provider’s policies.

Generally, high-risk merchants can expect higher processing fees and possibly elevated chargeback fees compared to low-risk counterparts.

Request a personalized quote from PayFasto for merchant account rates that fit your industry and processing volume.


Can I get instant approval for a high-risk merchant account?

Instant approval for a high-risk merchant account is rare due to the complexities involved in assessing risk profiles. High-risk businesses often encounter lengthy response times and support communications that lack depth or expertise, leading to frustration for customers.

If you want to get tips on how to speed up the process, we have an entire article on getting a high-risk merchant account with instant approval

PayFasto boasts a 90% approval rate for our high-risk merchants. We aim to speed up approvals, typically approving low-risk profiles as soon as within 24 hours, and getting high-risk merchant accounts up and running within up to 2 or 3 weeks – staying always one call away to update you on the process.


What businesses are considered to be high-risk?

High-risk businesses are those that operate in industries that financial institutions and payment processors consider more likely to encounter issues like chargebacks, fraud, or regulatory challenges.

These industries often face higher scrutiny and may have difficulty obtaining standard merchant services.

Here’s a list of industries that are considered high risk:

  • Adult Industry (adult films, magazines, and websites, toys, and live performances)
  • Affiliate Marketing 
  • Cannabis and Marijuana businesses
  • CBD businesses (CBD, oil, edibles, supplements and more)
  • Credit Repair and Debt Management 
  • Cryptocurrency 
  • Dating and Escort Services 
  • Debt Management and Collection Agencies 
  • Direct Sales and Pyramid Selling 
  • Drugs and Drug Products (Including Prescriptions) 
  • E-Cigarettes and Vapes
  • Gambling, Casino, and Online Gaming  
  • Investment Schemes
  • Travel Agencies

How to get a high-risk CBD merchant account?

To secure a high-risk CBD merchant account, start by researching reputable high-risk payment processors experienced in navigating the unique challenges of the high-risk industry.

Also, ensure your business documentation is comprehensive and compliant with industry regulations. Be prepared to submit a compelling application that highlights your commitment to legal and transparent operations.

Discover PayFasto’s CBD high risk merchant processor here.

How to get a high-risk adult merchant account?

To obtain a high-risk adult merchant account, begin by looking into established high-risk payment processors experienced in adult transactions. Beyond security and reliability, prioritize providers that can help you guarantee transactions remain discreet.

Gather documentation for your application that will showcase your business’s reputation, industry compliance, and risk mitigation measures.

Learn more about PayFasto’s adult high-risk credit card processing services.


How to get a high-risk crypto merchant account?

To get a high-risk crypto merchant account, look for payment processors that deal with riskier businesses. Provide detailed documentation about your business, compliance measures, and risk mitigation strategies.

Try to highlight strong security measures and honest business practices.

Expect to pay higher fees and go through a strict approval process with most high-risk processors that support crypto businesses. Also, be prepared to prove your financial stability and have a clear business plan to improve your chances of approval.

See how PayFasto’s crypto payment processor simplifies your transaction processing.


How to get a high-risk gambling merchant account?

To get a high-risk gambling merchant account, find payment processors that understand the legal and regulatory intricacies of the gambling world on a local and international level. 

You’ll likely have to share documentation that emphasizes responsible gaming practices and robust fraud prevention measures. Demonstrate a commitment to legal compliance and transparent financial transactions.

Also, expect stricter scrutiny and higher fees than lower-risk businesses when going through the approval process.

But with PayFasto’s gambling high-risk merchant services, you can keep more of your profits in your pockets.


What are the different types of merchant account solutions?

Merchant account solutions come in different types to suit various business needs:

  • Retail merchant accounts are designed for in-person transactions, ideal for traditional brick-and-mortar stores.


  • Mobile merchant accounts facilitate payments through mobile devices, providing flexibility for on-the-go transactions.


  • E-commerce merchant accounts cater to online businesses, enabling secure digital transactions.


Each type serves a specific purpose, allowing businesses to choose the solution that best fits their operational model, whether they operate in physical retail spaces, focus on mobile transactions, or engage in online e-commerce activities.



What credit score is needed for a merchant account?

The required credit score for a merchant account varies among providers, but generally, a good to excellent credit score is preferred. Many high-risk merchant service providers look for a score of 650 or higher.

However, some high-risk merchant account solutions may be more lenient or not heavily reliant on credit scores, focusing instead on other factors such as business stability, industry risk, and financial history.

It’s advisable to check with specific providers for their criteria, as requirements can differ based on the type of merchant account and the provider’s policies.


What are the payment processing fees in high-risk industries?

Payment processing fees in high-risk industries tend to be higher than those in low-risk sectors.

Typically, average rates span from 2.5% to 10% per transaction. Additionally, many high-risk merchant accounts may incur a monthly fee, typically falling between $10 and $50.

Keep in mind that rates can vary widely based on the specific industry, business model, and the payment processor’s policies.


What are the benefits of a merchant account?

A merchant account offers businesses several key advantages in handling transactions, namely:

  • Lets businesses accept credit and debit card payments, broadening their payment options and boosting sales.
  • Facilitates faster payment processing compared to traditional methods like checks, contributing to improved cash flow for businesses.
  • It’s a must-have for online businesses, as it allows for a smooth electronic payment processing experience for customers.
  • Allows businesses to expand their reach globally by accepting various currencies and facilitating cross-border transactions.

Additionally, the security measures implemented by reputable merchant account providers protect customer information during transactions, reducing the risk of fraud.

With reduced reliance on cash handling, businesses minimize the chance of errors and create a safer transaction environment.


Do Paypal, Stripe, and Square deal with high-risk businesses?

Although PayPal, Stripe, and Square may support high-risk businesses, they cater best to low to moderate-risk businesses. In reality, many PSPs, like PayPal and Stripe, have policies against supporting high-risk businesses due to the increased likelihood of chargebacks and fraud associated with such industries.

High-risk businesses, such as those in the adult entertainment, online gaming, or cannabis industries, might encounter challenges with these mainstream payment processors. 

In such cases, specialized high-risk merchant account providers like PayFasto are better equipped to fulfill the unique needs and risks associated with these industries.


Do I need a merchant account for e-commerce?

Yes, setting up a merchant account is an essential step for e-commerce businesses.

A merchant account makes it possible for online businesses to accept credit and debit card payments securely. It acts as an intermediary between the business, the customer, and the payment processor, facilitating smooth and secure transactions.

While some platforms offer simplified payment processing without a traditional merchant account, having one provides additional flexibility, control, and customization options for managing e-commerce transactions.


What makes a merchant account high-risk?

Several factors contribute to categorizing a merchant account as high-risk. These may include the industry in which the business operates, such as CBD and cannabis, adult entertainment, online gaming, or cryptocurrency, which are often associated with higher levels of chargebacks and fraud.

Other factors include the business’s credit history, processing volume, and geographic location. 

Businesses with a history of excessive chargebacks, regulatory scrutiny, or operating in emerging markets may also be considered high-risk by payment processors.

What country is best for high-risk merchant accounts?

Choosing the best country for high-risk merchant accounts depends on factors that tie to legal regulations and industry norms.

Historically, countries like the United States, the United Kingdom, and certain European nations have been more accommodating to high-risk businesses.


In which countries do you offer high-risk merchant accounts?

At PayFasto, we offer US high-risk merchant accounts, UK high-risk merchant accounts, and serve most European markets, including (but not limited to) countries such as:

  • Spain
  • Italy
  • France
  • Germany
  • Portugal
  • Denmark
  • Sweden
  • Greece
  • Austria
  • Malta
  • Monaco
  • Netherlands
  • More!


Why are offshore merchant accounts high-risk?

Offshore merchant accounts are often considered high-risk due to the perception of increased regulatory and compliance challenges. Transactions processed through offshore accounts might face scrutiny for potential money laundering or fraud.

Moreover, the lack of oversight and different legal frameworks in offshore jurisdictions can contribute to the higher-risk classification.


How many banks open high-risk merchant accounts?

While some traditional banks might be cautious due to the associated risks, there are specialized banks and financial institutions that focus on serving high-risk businesses.

The availability of such banks depends on factors like the industry, business model, and the risk tolerance of the financial institution.


Can you use Shopify for a high-risk merchant?

Shopify alone typically caters to low to moderate-risk businesses. Consider specialized high-risk merchant account solutions that you can integrate with your Shopify account to centralize your business’ payment collection operations.


How my high-risk business can benefit from ACH payment processing?

ACH payment processing can benefit high-risk businesses by providing a reliable and cost-effective way to handle transactions. ACH transfers allow for direct bank-to-bank transactions, reducing the risk of chargebacks associated with credit card payments.

This method also enables recurring payments, enhancing convenience for subscription-based services and promoting financial stability for high-risk ventures.

Find out how to streamline your payment processing with an ACH payment gateway.


Do I need a high-risk virtual terminal for my e-commerce business?

For high-risk e-commerce businesses, it’s advisable to have a high-risk virtual terminal.

These terminals are designed to handle transactions for businesses in riskier industries. They provide secure online payment processing, assist in managing chargebacks, and offer features tailored to the specific needs of high-risk businesses.

Discover how high-risk virtual terminals function to provide secure, efficient payment processing.