Best Retail Merchant Account & Payment Processing Solution

Dennis Pedersen

Dennis Pedersen

Retail Merchant Account

In the market for a seamless and reliable high-risk retail merchant account?

PayFasto guarantees a dedicated solution for all your payment processing woes. From fraud protection to 24/7 dedicated support, we’ve got all your bases covered.

Seamless & Affordable Retail Merchant Account

Running a business is challenging enough without cash flow issues. This is why PayFasto makes it easy for you to get paid fast and securely, giving you peace of mind as you grow your retail business.

Credit cards and other digital payment methods have become the norm. Having a reliable online payment gateway and ePOS system is key to meeting your customers’ expectations.

PayFasto’s quick and hassle-free application process gets your retail merchant account up and running in no time.

Get your personalized quote


Powerful Retail Credit Card Processing Solution

We know that flexibility is key for retail businesses operating in high-risk industries. PayFasto’s retail merchant account caters to your business’s specific needs so you can keep your customers satisfied.

Improve customer convenience with PayFasto’s 24/7 secure payment gateways:

    • Accept all major credit cards, such as VISA, MasterCard, and Discover.
    • Get paid with digital wallets, like Google Pay, Apple Pay, and more.
    • Support multicurrency and connect to your mPOS device.

Our API integration ensures that optimizes and future-proofs all your transactions. Boost your cash flow and stay ahead of the curve with PayFasto’s ever-evolving features.


Retail Merchant Account Provider: Integration & Security

When choosing a retail merchant account provider, integration and security are paramount. PayFasto’s API seamlessly integrates with your favorite e-commerce apps, like Shopify and WooCommerce.

More than helping you close sales and collect payments faster, we prioritize the security of your transactions. PayFasto’s state-of-the-art encryption:

    • Use CVC, CVV, AVS, and 3DS services.
    • Enable fraud prevention and chargeback reporting.
    • Keep merchant’s and customer’s data safe.


How to Get a Retail Merchant Account?

If you’re opening a retail location, using a merchant account is your best to ensure low setup and transaction costs. A retail merchant account is best suited for businesses that process most of their payments in-shop.

A multicurrency payment gateway that integrates with your POS software is hard to come by for high-risk retail merchants.

Luckily, getting a retail merchant account with PayFasto is quick and straightforward.

Step 1: Ask for your personalized quote.

Step 2: Fill out your contact information.

Step 3: Tell us a bit more about your business’ payment needs.

Step 4: Hear back from us within 12 hours of your submission.

PayFasto keeps your processing expenses low and quality of services high. Reach out today to receive your custom offer for your high-risk retail merchant account!


Why choose PayFasto?

The retail industry is highly competitive, adding to the burden of high-risk retailers with payment challenges.

This is where PayFasto comes in.

Meet your customers’ expectations by supplying them with multiple payment options, beyond your traditional POS (point-of-sale) system. PayFasto’s retail merchant accounts process card and digital wallet payments quickly and securely.

The best part? PayFasto commits to keeping transaction fees low so you can keep more of what you earn.

Get started with PayFasto

Retail Merchant Account FAQ

What is a retail merchant account?

A retail merchant account is essentially a bank account that helps retailers accept and process electronic payments. These are typically collected via card or digital wallet, and deposited into your bank account.

This merchant account acts as a liaison between your business, your bank, and a payment processing company.

Why do you need a retail merchant account?

Retailers need merchant accounts to be able to accept credit cards, debit cards, or online wallets as a payment method. Without one, you are limited to only cash or check payments.

In this sense, merchant accounts let you tap into the convenience and popularity of card and online payments.

The main advantages of having a retail merchant account include:

    • Better cash flow as funds are deposited quickly into your account.
    • Decreased fraudulent activity through chargeback protection.
    • Wider audience reach and increased sales opportunities.
    • Increased customer satisfaction and convenience.

Which retail merchant accounts are considered high-risk?

A retail merchant is usually classified as high-risk if the industry has a higher risk of fraud and chargebacks.

High-risk merchant accounts are required for certain business types, such as:

    • Adult entertainment
    • CBD & Cannabis
    • Gambling
    • Nutraceuticals
    • Cryptocurrency
    • E-cigarettes & Vapes

Fraudulent transactions and chargebacks are recurring challenges for high-risk industries. For that reason, retail merchant accounts for these businesses typically have higher fees to offset the increased risk.

How much does a retail merchant account cost?

Most retail merchant payment solution providers charge a monthly service fee. Monthly statements typically start at $10, but most providers expect a minimum for monthly transactions.

You must also consider transaction fees per sale, chargeback fees, and early termination fees.

According to Investopedia, transaction fees fall between 0.5% to 5% of the total transaction amount. This does not include flat transaction rates from your POS solution provider.

Top 3 Retail Merchant Account Providers

1. PayFasto

PayFasto is a high-risk merchant account provider that offers secure transactions, chargeback and fraud protection, 24/7 personalized support, international payments, and more.

It’s the top choice for businesses operating in high-risk industries, such as Adult, Gambling, Cryptocurrency, CBD, among others.

2. Square

Square is a popular merchant account service provider, best known for its mPOS and POS system. It offers a $0 monthly fee with a standard account, charging 2.6% + $0.10 per in-person transaction & 2.9% + $0.30 per online transaction.

3. Stripe

Stripe is a top choice for online retailers juggling multiple businesses and brands. It also offers a $0 monthly fee with a standard account and charges additionally per transaction.

Have a bad credit score but need a high-risk merchant account?

We are experts in offering payment processing solutions for high-risk merchants, regardless of your credit history. Our Merchant Account and payment gateway enables you to securely process payments, at the most competitive rates in the market.

Want a free quote from us?

Dennis Pedersen
CEO & Founder of PayFasto. I have achieved a long time dream of helping advertisers with getting the processing setup they always wanted! This is something i wanted when i had my own offers.
Dennis Pedersen
CEO & Founder of PayFasto. I have achieved a long time dream of helping advertisers with getting the processing setup they always wanted! This is something i wanted when i had my own offers.


CEO & Founder of PayFasto. I have achieved a long time dream of helping advertisers with getting the processing setup they always wanted! This is something i wanted when i had my own offers.