 is a solid tool for businesses with multiple merchant accounts)
4) E-Cigarette and Vaping Merchants. Selling environment - Card present vs. Here are the best crypto payment gateway providers, including Coinbase Commerce, BitPay, and CoinGate. 99% + $0. Go to the top. 0. They are custom suited for businesses that have higher risks associated with them. , including those in the CBD industry. Online healthcare – Where there is a greater risk of fraud; Opting for a high-risk merchant account is a legitimate decision that may have more to do with the industry you are in than your own risk factor. High Risk Pay has got you covered. Merchant account fees. Same day approvals. Our aim is always to provide clients with a low cost credit card processing product that meets their needs. National Processing. If your Shopify website and has been turned down or shut off by Shopify Payments, please fill out the contact form below or call us anytime at (207) 772-8737. 4. Confirm if the merchant account was “MATCHed. High Risk Merchant Account Specialists - From small businesses to Fortune 500 enterprises, organizations nationwide have trusted us to handle their high risk merchant accounts. With a. PaymentCloud is a leader in providing high-risk merchant accounts to meet the needs of businesses across various industries. If you’re a merchant on Shopify or thinking about starting an online store with them, you’ll be pleased to know Shopify offers fraud analysis tools that help ecommerce businesses spot red flags. The core of that is that we understand your business model. donnanobugs. Use fraud analysis to help decide which orders. Providers serving the high-risk community can often set you up with specialized ACH processing services that come with advanced anti-fraud and chargeback protection features. On monthly loans, the APR is 0–36%. Three months of financial records. ) When evaluating a high-risk business, merchant service providers must review the merchant application, conduct a thorough risk assessment, and check the business owner’s credit score. But again, you must ensure that the merchant account – or payment processor – that Authorize. In some cases, Stripe holds funds up to 180 days with weekly emails coming in stating, “Stripe is holding your funds for 90 days. PaymentCloud; Best High-Risk eCommerce Merchant Account. To keep your business running without issue, you need to apply for a high-risk merchant account in the USA. Should you be working in what lots of merchant accounts deem a “high-risk industry,” such as an eCommerce business, there will be a likelihood that you have a high chargeback or. 1. Your SSN or Employer Identification Number. High Risk Merchant Account LLC specializes in high risk merchant accounts and can likely help. - Accepts wide variety of high risk industries. Get approved and start selling high-risk products on Shopify today. Pros: accepts a wide variety of high risk industries, load balancing feature for high risk merchants, no early termination fees for most merchants. Reply. They are excellent alternatives for high-risk merchants when correctly set up with appropriate high-risk merchant accounts and payment gateways. High Risk Merchant Account LLC specializes in high risk merchant accounts and can likely help. It offers advanced security features, fraud prevention tools, and integration with Shopify to provide a seamless checkout experience for customers. Website owners that offer legal products and services are often listed as “prohibited use,” “high-risk,” or “restricted” by the largest online payment gateways and merchant account providers – including Stripe and. Each Certified Payment Specialists have “been there and done that” hundreds - or thousands of times. Once verified, Shopify will debit your bank account for Shopify fees. Apply now today and get pre-approved in minutes. To lower risk, the merchant account provider may seek address verification. 9% + $0. A Shopify chargeback is what happens when a cardholder has an issue with a payment made on your Shopify store. I dont sell crypto or deal with any crypto. Everyday basic payment facilitators and companies like Stripe, PayPal, Square, Shopify, etc. 6. Then Connect or Create a new TikTok Ads Manager account. 1. The provider may approve riskier applications but at a higher fee. We like to think of it as “High Priority”. The merchant account provider will approve your application if you fall into its low-risk category. Shut down thousands of accounts. To add or edit your bank account for billing purposes, go to Finances > Billing. They are custom suited for businesses that have higher risks associated with them. High Risk Merchant Accounts with Shopify. PaymentCloud: Best virtual terminal for high-risk businesses. Merchant account fees. PaymentCloud is a registered ISO/MSP of BMO Harris Bank, Chesapeake Bank, Esquire Bank, Merrick. With these criteria in mind, let’s look at our top seven high-risk merchant account providers: Signifyd. This could either be in the form of transaction volume or add-ons. High-risk merchant accounts offer a range of benefits to merchants who use Shopify as their platform of choice. Contract Many payment processors offer month-to-month contracts with no termination fees. If you will apply too low, you have better chances of having the application rejected. As discussed in the previous section of this guide, using a third-party payment processor instead of an aggregator offers a range of benefits, including. Shopify is a popular e-commerce platform that offers a range of features and functionality for businesses looking to sell online. Net payment gateway with GoDaddy too. 21 hours ago · Bloomberg Markets: The Close 11/24/2023. S. High Risk Payment Gateway. Do you think removing. Fulfilling high risk orders can result in a higher number of chargebacks and that can result in disabling payment processing and removal from Shopify Payments. In order to make the payment processing high-risk-friendly, you need to connect it with a high-risk merchant account on the back-end. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. Please give me a call if we can be of further assistance @ 1-877 493-4622. How to apply for a CBD Merchant Account. If you use Shopify Payments, the credit card rate is 2. io. The good news is that WooCommerce is a great open-source platform that integrates perfectly with Tower Payment’s high-risk credit card processing for adult toys. The merchant account provider will approve your application if you fall into its low-risk category. These codes were originally developed for tax reporting and accounting purposes. These providers aren’t telling you that merchant account approval is a two-step process. Accept Credit Card Chargebacks Check Processing High Risk Business High Risk Business Merchant High Risk Merchants Merchant Account Merchant Services Payment Gateway Chargebacks Check Processing High. The High Risk Payment Gateway for WooCommerce plugin adds Cardpay Solutions as a payment method to your WooCommerce store. The company is willing to work with high-risk business types that may not be eligible for merchant accounts through. After an agreed period, ordinarily a few workings days, those funds are then settled to the. They can approve most high risk merchant industries . There are several factors that can trigger. Some providers offer processing fee discounts for high-volume businesses. Net with Shopify. Our merchant accounts work with all the top gateway providers and we can help you get payment processing fully integrated with high-risk payment processing – even if you have been. Don’t get us wrong, Shopify Payments is an excellent payment processor. This is because high-risk merchant accounts are set up to handle the naturally occurring challenges high-risk businesses experience. These risks include high chargeback rates, brand conflicts, and regulatory concerns. High Risk Pay offers high-risk merchant accounts and payment gateway solutions to businesses from all verticals. You can learn more about how Tasker Payment Gateways LLC recommends high-risk merchant accounts and payment gateways by. The Best Merchant Account Service Providers of 2023. We won’t penalize you for being profitable, and we will help maintain your account stability. High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. Shopify does accept some high-risk merchants, but there is a specific set of guidelines and requirements for these types of businesses. 2 CBD online: How to set up a payment gateway and merchant account. Merchant account fees. 3. Shopify Payments operates with its own terms and conditions and is, in effect, Shopify’s payment gateway. I know these services work because we have hundreds of 'live' websites selling CBD right now. National Processing: Best for Small Businesses 6. PSPs aggregate all their. Rolling Reserve of 5%-10% required for 180 days; Offer a Direct EU Merchant Account. Tower Payments, founded by Nyah Penney in 2015, is a leading provider of reliable and affordable credit card processing and payment gateway services, specializing in high-risk e-commerce merchant accounts for website owners and developers in the USA and Canada. However, understanding MIDs involves much more than a simple definition. If you have too many unfulfilled orders,. Trust Shopify’s Fraud Analysis Tool. Added Fees: Merchants offering Affirm to customers are charged a merchant discount rate plus transaction fees. Stripe. 1. An example is EMB, a high-risk merchant account provider that prides itself on serving. Gather the necessary documentation. Stores that use most third-party payment processors and are on the Shopify, Advanced Shopify, or Shopify Plus plan. FREE Cost Comparison. And then are deposited into the merchant’s checking account. The provider may approve riskier applications but at a higher fee. We’ll make. High-risk specialist with anti-fraud and anti-chargeback protections. Shopify. Shopify’s monthly fees can add up over time, especially with add-ons. 4 09/09/2022 – Shopify, without any known announcement, quietly removes Authorize. Because merchant cash advances are sales agreements, they generally aren’t covered by usury laws that govern loans. 50%-9. NMI discontinued by Shopify in 2018. Complete Fraud Protection & Chargeback Prevention. The company guarantees the lowest rates and prides itself on. We make High Risk Easy. Accept card payments with a merchant account (or Shopify Payments)Shopify has the authority to close any high-risk merchant account that uses Shopify Payments to accept payments from customers. See moreGetting a high-risk merchant account with Shopify Check if your business is eligible. In addition to the application, you will need to submit the following: Merchant account documentation. Reading Time: 8 minutes Shopify is the home to over 2 million active businesses in 2023. Here are the best marijuana payment processing companies & the truth about credit cards. HRMA-LLC's High Risk Payment Gateway will conveniently integrate with your Shopify Store and bank approval should be a snap. Get Your. It’s essential to familiarize yourself with the ins and outs of these accounts to make informed decisions for your business’s financial security. PaymentCloud. These merchants can have a particularly hard time finding a high risk merchant account because a lot of payment processors refuse to participate in high risk processing. Debt Collection Business Benefits: Through our processing partners, we can also offer debt collection businesses the following additional benefits: Expert in underwriting. The WooCommerce plugin for WordPress is a great way to process credit cards for online adult toy sales. The company has a positive reputation for transparent customer service and reliable support. Ecwid Ecommerce Shopping Cart and high-risk e-commerce. I have two businesses that need to accept credit and debit cards. Review high-risk orders to avoid potential chargebacks. There are several factors that can trigger. While the vaping/e-cigarette industry is highly profitable, banks and credit card processors also consider it high-risk. By utilizing a third-party processor, the merchant is able. To lower risk, the merchant account provider may seek address verification. Furthermore, each of those payment solutions has its own pros and cons, and it is not going to be easy to find the. It is important to select a reliable company like Merchant Stronghold, which has close relationships with bank sponsors and will provide you with payment processing. High risk merchant accounts are a unique category of online payment processing. Login to your Shopify store's admin. Shopify has a list of prohibited and restricted businesses, including certain. PayKings has been active within its niche since 2011, forming partnerships with many of the bigger platforms in the eCommerce space. At Best Merchant Services, we offer merchant accounts to applicants, usually within 24 hours if you qualify. Hide and republish products based on inventory level. Net login ID? If you have a similar question or more, get an expert at Merchant Stronghold at the toll-free number+1 (727) 330-3944. 5-star reviews. I sell gadgets and tools for tobacco use however, NO NICOTINE related products. com is a merchant account provider that is one of the top payment processors for high-risk e-commerce business types. And as it turns out, Shopify itself might be the first one to let you know—by dropping your account. A high-risk merchant account can help businesses that are considered high risk to accept payments smoothly and securely. BankCardUSA reached out to work with us but the whole process is a drag like pulling teeth to get a response out of them, which is strange, given they reached out to us. With new technology and innovations in the banking sector, the credit card industry has seen unprecedented growth in recent years. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving e-commerce businesses of nearly any type. 00% + $0. Payment Depot: Best for High-Volume Businesses 3. Getting a merchant account without social security is common for international merchants. Recently got canceled from a merchant account for having a 3. Host Merchant Services. Merchant services should support your business, not drain it with excessive fees. As noted in our TOS for Shopify Payments, crypto-currency hardware is considered a high risk business. Verifone (formerly 2Checkout) If you searched for “payment gateway” or “payment processor” on Shopify’s App Store, you’d be hit with a whopping 100+ payment solutions to choose from. Shopify Flow examples to use now. Stripe: Best for owners of multiple businesses and brands. Shopify merchants have access to its fraud analysis tool. Square doesn’t work with high-risk merchants—merchants declared by a credit card company to be at particular risk of fraud or of experiencing a high volume of returns. PaymentCloud. 12-18-2020 03:59 PM. As a high-risk merchant, you should probably just stay clear of Shopify’s standard, out-of-the-box, credit card processor. PaymentCloud Top Rated E-Commerce Merchant Services . 6 Existing businesses appear to be grandfathered. Once it’s combined with a cigar-friendly merchant account, you can safely accept payments and even process recurring billing subscriptions if you run a cigar of the month club. Likewise, your first payout, regardless of your risk level, usually takes 7-14 days. PayPal: Best for freelancers, occasional sellers, and cross-border sales. Merchant services should support your business, not drain it with excessive fees. Visit Site. Certain business types, such as CBD, nutraceuticals, digital Goods, and others now have solutions to process payments for their business. Many merchants have experienced this and filed corresponding complaints. Cybersecurity is the practice of protecting computer systems, business accounts, networks, and sensitive information from unauthorized access, theft, damage, or other malicious attacks. Accept card payments with a merchant account (or Shopify Payments)Strict guidelines and low thresholds of risk tolerance mean that Shopify can drop your merchant account and freeze your funds at any time without warning. - Explanation of high risk merchant accounts - 10 key components to consider when applying for a high risk merchant account. As a high-risk business, this is particularly important. High-risk merchant account providers often require clients to maintain a reserve to cover the costs associated with chargebacks, fraud, and other financial liabilities. Some Related Blogs So the USA currently seems like the most difficult place for a high risk merchant to obtain an account. Fastest application process: Soar Payments. 13 Tips To Guard Your Business Against Chargeback. The Ecwid Ecommerce Shopping Cart WordPress plugin has the highest number of active downloads, at more than 30,000, with an impressive average of 4. Strict guidelines and low thresholds of risk tolerance mean that Shopify can drop your merchant account and freeze your funds at any time without warning. Reply. Shopify’s payments are facilitated through Stripe, so your payments might be on hold because Stripe changed their definition of what a “high-risk merchant” is — which they often do. In our review of merchant services, PaymentCloud earned an overall score of 3. A high risk merchant account is a type of payment processing account for unique businesses. Login. Shopify hopes to prevent these chargebacks with its new Shopify Fraud Protect solution (currently with just a limited rollout). . At PaymentCloud, we offer dedicated high-risk merchant accounts to Shopify store owners. Shopify High Risk Payment Processing. We can help you with the merchant account and online payment gateway. low-risk merchant accounts have become an essential topic as various factors can determine your risk level as a. High Risk Merchant Account LLC 915 Folly Rd #49, Charleston, SC 29412 (877) 493-4622. BigCommerce offers extensive support to CBD businesses, including access to a choice of over 65 third-party. If you want to start accepting credit card payments online, you need to set up at least one online payment channel. In Summary: 4 Best Merchant Accounts For Collection Agencies. It offers several features, including automatic shipping and tax calculation, and makes it possible for you to sell through. Hi Thank you for reaching out to the community with your concerns. EMB has partnered with Shopify to meet your payment processing and merchant account needs. 772. Shopify APIs and SDKs. #2: Getting Excessive ChargebacksHigh Risk Merchant Account Reviews; Mobile Processing App Reviews; Online Payment Processor Reviews; Credit Card Reader & Terminal Reviews;. PayKings Overview. Migrate and launch your online store on Shopify fast with a customizable, easy-to-use platform. We think most small businesses will find a great fit in this list. Friendly Client Support. We'll help you accept high-risk payments safely, reliably, and efficiently on Shopify. High risk accounts willingly take on risk and aide merchants in minimizing it. You can also contact us online. 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. As the #1 high-risk online pharmacy payment processing solution, Zenti provides all the services your pharmacy or drug store may need to accept payments, including access to advanced capabilities and services to. Shopify Balance is a free money management account built into your store’s admin. Stripe is considered both a powerful and popular Shopify payment gateway that allows merchants to take credit card payments. Accept card payments with a merchant account (or Shopify Payments)A. A merchant cash advance is a sales agreement where the merchant (the “seller”) is selling their future revenue at a discount to the merchant cash advance company (the “buyer”). We’re. For starters, they provide a higher level of protection for businesses that require greater levels of payment security. High-risk merchants often face difficulties in finding a trustworthy payment processor. To lower risk, the merchant account provider may seek address verification. NMI’s Advanced Transaction Routing Interface (ATRI) is a solid tool for businesses with multiple merchant accounts. Their state-of-the-art, unique features help you ensure customer satisfaction after you’ve collected payment and include perks like fraud prevention tools, advanced payment gateways, 100+ integrations, merchant funding,. These are certified Shopify Friendly Solutions. It’s probably the “best of the best” for high-risk. Solutions. Chase Paymentech is the recommended merchant account, while First Data is not recommended for high volume. 02-15-2022 09:34 AM. Corepay's emphasis on eCommerce makes it a particularly good choice for online-only businesses. Durango Merchant Services. Luckily, there are several high risk. The $30 monthly fee for Level 3 processing will be quickly recouped with Level 3 interchange savings. Amazon Pay. Average Approval Time: 3 days. Square Banking: Best Business Bank For Instant Access To Funds. Shopify might be a great, simplified platform to create and host an online store. Finally, select Start Verification. Consider the case of a company (we’ll call them Company X) that was recently notified by Shopify that their Shopify Payments account will be cancelled because the business had been identified as having an elevated level of risk for customer disputes. Some providers are willing to accept a greater level of risk if the merchant can generate higher sales volume, which means more profit for them in exchange for assuming the risk on the account. Payment processing fees: 2% to 3. What Merchant Accounts Does Shopify Classify as High-Risk? A merchant account is basically a type of business bank that allows online businesses to accept and process credit card and debit card transactions virtually or in person. Step 1: Apply for a CBD Merchant Account. 1 Regulated products, like CBD, and Shopify. Per standard industry practice, payment. Approximately one in three online businesses use Shopify to power their stores. Sep 6, 2023 | Payments When an aggregate merchant account like Shopify kicks you off their platform or freezes your account, it can be confusing as to what to do next. Security Features: BAMS uses tokenization and encryption to protect your account, and it’s available for free with all accounts. Shopify POS has everything you need to sell in person, backed by everything you need to sell online. Im thankfull infront for any guidance,just name me the app that accepts card payments I can use. One benefit of purchasing equipment directly from Shopify is that Shopify offers 24/7 support for that hardware and risk-free 30-day returns. Worldwide vaping sales reached $15. Net, Cybersource, Pay Flow Pro, NMI, Bambora, USAePay, and others). Note: NMI does not integrate with Shopify, if you need a high-risk payment gateway for Shopify, please read our guide to Shopify Payments alternatives for high-risk websites. The provider may approve riskier applications but at a higher fee. Key Components: 1. Create whatever solution your business needs through a specialized app and. Cardpay Solutions makes accepting. Check the rating and indicators for more information. Fulfilling high risk orders can result in a higher number of chargebacks and that can result in disabling payment processing and removal from Shopify Payments. NMI’s proprietary ATRI multi-merchant account balancing feature allows you to route your. As you’ve probably realized by now, opening an adult merchant account can be a grueling task – even when compared to other high risk industries. Fees between 7. or at least merchant registered its. By having a high risk merchant account on Shopify, you can ensure that your business and customers are protected when conducting online transactions. Host Merchant Services: Best for large high-risk businesses. What. In terms of pricing, Square has the edge over Shopify under most scenarios. Generally, it allows your business to accept debit card and credit card payments online, in-person, and over the phone. PaymentCloud, and pinwheelpay didn’t work out. Read our Review. Under Payment Methods, select Add Payment Method. 3. Normally, suspicious orders are flagged with an exclamation mark beside the order number. If an order has a medium or a high risk, then it’s flagged on the Orders page. High risk products are products and services that are sold by merchants who operate within high-risk industries. Online shoplifters often use fake phone numbers to make a transaction. 3. Therefore, high-risk merchant accounts vs. 20 cents per transaction. Even if these merchants find a “high risk. A dedicated high risk merchant account is an account where the business has its own merchant ID. If you still have questions regarding what we can do for you, give us a call at 1-888-548-5649 so you can converse with one of our merchant account managers. If you will indicate too high it will be categorized under higher risk, thus you will pay. Shopify is one of the most popular payment processing systems, and low-risk merchants can now use Shopify’s internal payment gateway, Shopify payments, to accept and manage transactions. 0. Accept all major credit cards including Visa, MasterCard, American Express, Discover, JCB, and Diners Club. We have spent the better part of two decades securing high risk merchant accounts for our clients. 0. Customers provide their credit card info, and then the payment gateway passes the information between the selling business, the customer’s bank, and the seller’s bank, either approving or declining transactions along. Dharma Merchant Services. Net payment gateway – when set up correctly. 25% (above true interchange) + $. Our integrations connect you with the best tools for your businessReading Time: 8 minutes The vape and e-cigarette industry is nothing short of electric. Interchange-plus pricing. S. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. Bitcoin merchants are considered to have a high risk. Helcim is a merchant account provider that charges interchange fees plus 0. The provider may approve riskier applications but at a higher fee. Rating: Excellent. In order to make the payment processing high-risk-friendly, you need to connect it with a high-risk merchant account on the back-end. We’ll help you accept debit and credit cards online when you sell your products through BigCommerce. They are custom suited for businesses. As a merchant, you will also have to pay an admin fee to Shopify, called a chargeback fee. Typically, our team will recommend using a third-party payment gateway called EMB. ”. Accept card payments with a merchant account (or Shopify Payments)5. Handling High Risk Orders: 1. High Risk Merchant Account Shopify . When you are classified as a high-risk business through Shopify’s standards, the only way for you to. Create an online gaming merchant account with us. The term payment gateway refers to software that interfaces with your shopping cart and a merchant account is a banking relationship that connects to that payment gateway and processes. Net needs to connect to a merchant account, which is usually assigned automatically to one of Authorize. 30 per transaction, although that fee can vary (depending on business size, risk profile, and program options). . Net payment gateway integrated with a high-risk merchant account specifically approved and underwritten for a specific product category or marketing method that most merchant account providers generally prohibit. Now your hard work is going to start paying off. Level 2 processing is built-in, with no additional monthly fees. The Tap & Chip Card Reader sells for $49, which is a good price for a simple, user-friendly card reader that accepts tap and chip payments. Cancel orders from known bad actors. - Load balancing feature for high risk merchants. Volume spikes and chargebacks happen, but with a high-risk merchant account, you are in a much better position to continue to accept payments steadily. It uses machine learning, big data, and expert reviews to identify fraudulent transactions happening through your ecommerce store. High-risk merchant accounts offer a range of benefits to merchants who use Shopify as their platform of choice. It’s good to know and most importantly, you’ll need this info when seeking for a new merchant account. High Risk Merchant Account LLC specializes in high risk merchant accounts and can likely help. The application process for high-risk payment processing can be time-consuming and require extra effort. A high risk business doesn't necessarily mean that you have a high chargeback rate itself, but that historically speaking the nature of the business itself does. Durango Merchant Services has been in the payment-process game for over two decades. 2 days ago · Turning $10,000 into $1 million means increasing the initial investment 100-fold, or by 10,000%. 3D Secure. Automate your product review process. Post ReplyShopify POS has everything you need to sell in person, backed by everything you need to sell online. 1 News, regulations, and updates for CBD businesses: 3. By entering your email, you agree to receive marketing emails from Shopify. Sign up. Many. Host Merchant Services: Specialized account support for multiple collection agency types. The best Stripe competitors combine transparency, low processing fees, and excellent support for eCommerce. It may not be the the wording itself though and it could. High-risk payment gateways, tips & recommendations. They are custom suited for businesses that have higher risks associated with them. If you are applying for a higher risk merchant account, be sure to read your contract thoroughly. National Processing. 4 High-risk friendly alternatives to Shopify Payments. . 3) Travel Merchants. The Problems For High-Risk Merchants. The fact that it is also high-risk friendly when properly integrated with the right merchant account and gateway makes it a very popular choice for a wide range of high-risk businesses. NMI Magento Customer, NMI WooCommerce Customer and Shopify high risk integrations. Application – Apply to receive a payment processing account. Authorize. If Shopify dropped your account, there is a chance that any assets remaining in your Shopify bank account could be frozen. Flagship Merchant Services: Best. Accepts domestic & international cannabis merchants. What do I need to do? PCI requires that only one business can utilize each merchant account. It's easy to use, comes with a powerful suite of features and integrates with all your other systems. Mobile Payment Processing. Accept card payments with a merchant account (or Shopify Payments)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. Square: Best Free Merchant Account For Small Businesses. High Risk Payment Gateways. Payment Kings: A smaller company that works with CBD businesses and offers various fees and products. Drawbacks of High-Risk Merchant Accounts. Hmmmm i wonder if my cryptocurrency section is the problem. I sell computer hardware only, however on my site i have a section for cryptocurrency mining. Call the phone number the customer issued. Reply. Compare the top merchant account providers and see which one could be best or your business. With an aggregate high risk merchant account, the funds from a transaction are sent out to the processor, like Shopify. Shopify gives you an overall all-in-one e-commerce platform that makes it easy for you to customize your.