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High Risk Merchant Account Instant Approval

How Do You Get High Risk Merchant Account Instant Approval?

Nowadays, just about every serious business can accept cards from its customers.

It is one of the most important ways for you to connect with your customer base and by now, it has become an almost expected thing to get high risk merchant account instant approval.

So you’re looking for merchant accounts to process credit card transactions for your business but you’ve hit a snag somewhere along the line you’ve been labeled as a high-risk merchant for one reason or another.

if you’re not exactly sure about your business, your business would be considered as high-risk business worldwide.

Why Does High Risk Merchant Account Instant Approval Seems Difficult?

To put it bluntly, instant approval simply doesn’t exist when it comes to merchant accounts.

There are many different providers out on the internet that claims to offer it but in reality, this is seldom possible.

The process needed to gain approval is too involved to be handled in just a few short minutes and if you are somehow accessing instant approval, you can expect numerous key details to be omitted.

This has led to many sellers having to close down their operations for violating certain standards or at the very least present you with hindrances further down the line.

For the sake of the long-term success of your business, it just isn’t a smart choice to trust in something that probably seems too good to be true.

We describe below all steps to get high risk merchant account instant approval.

Learn How To Get Approved Instantly For High-Risk Merchant Account?

When you are looking to get approved for high-risk merchant services there are additional requirements depending on your business’s industry type.

Many other merchant accounts do not require following these steps and being knowledgeable.

About the approval process will help you find a quality high risk merchant service provider and increase your odds of success.

Easy Guidelines To Getting Approved For High-Risk Merchant Account Instant?

Do Research:

Do your research running a business that’s operating in what’s considered a high-risk industry requires more thoughtful planning to be successful. keep your merchant account alive finding the source for a merchant account.

Keeping your account open is much easier once you know the common pitfalls to avoid.

Determining whether your business is a high risk you or not, you should have a decent idea where your industry lands on the high-risk scale this will give you a good baseline of how difficult approvals might be in the type of payment processing.

Check Company Status:

When looking for a credit card processing company always check reviews and read through their site to see if they truly support your industry.

Check they have experience with high-risk merchants and by arming yourself with this knowledge you will also protect your business from overpriced processing rates and wasted weeks waiting for approvals from inexperienced providers.

Finding Right Processor:

Now you can begin the process of finding a proper one.

The service provider or processing partner you choose will make all the difference when it comes to your business success in payment processing.

Finding the right partner is drastically more impact for high-risk businesses than with any company you know the low-risk industry because of how the approval process works when a payment processor considers approval for a merchant account.

The decision must go through their bank alternately as the last save your account is approved and since there is no one single bank that takes all types of high-risk merchants, finding the right processing partner will be a different experience for each merchant.

What to Check Before Selecting:

When you start your search for a high-risk merchant account there are several questions you need to keep in mind.


You should ask the payment processor if they are direct or an independent agent it is almost always better to work with a direct.

So this will keep your rate to lower by cutting out any middle man also a director I use those will give you access to a full staff of support wraps in contrast with an independent agent.

Merchant Providers Partnership With Other Banks:

You’ll be dependent on one person who is their processing bank.

The bank that a merchant service provider partnered with may or may not be able to handle the high-risk account for certain industries.

They’re only high-risk solutions or check do they have partnerships that give them access to other banks.

This is important that you can confirm the action that we have a solution specifically for your industry and if you need more than one account, they will be able to open more through multiple banks.

Meet With Requirements:

Ask them what are all the requirements I need to meet to get an account open, this will vary by industry but it can include additional supporting documents or removal of restricted products images and wording from your website, how long is the approval process.

Some processors will promote instant approvals these services are just a gimmick they will give you a worthless pre-approval before sending it to their bank who gives the real approvals.

Time For Approving:

In reality, most industries take a minimum of 2004 hours well some high-risk industries take up to 5 days.

If you do get an account opened what is the monthly processing captain will there be any reserves on your funds this practice of restrictions is done by the banks to protect themselves from fraudulent accounts and charge backs?

Monthly Fee:

By applying a lower monthly processing cap the banks can limit the amount of risk they initially take on once your account has been established you can work with your processor to increase your processing limits there are different types of reserves.

Payment Processing Requirements:

Now that you’ve crossed everything off your list and pick the processor they will have some questions for you knowing these will speed up the approval process. 

This reduces the chance of a processor trying to railroad you into a bare bones processing solution or higher rates just like the low-risk businesses they will ask the standard informational questions such as:

Do you currently process credit cards? What is your monthly volume?

What is your average ticket amount?

How long have you been in business?

but with high-risk merchants, they will also ask What is your charge back percentage?

Have you had a merchant account shut down before?

Terminated Merchant File:

If so where to act this is used to evaluate risk but also lets the processor no which banks they should try to avoid when placing your account are you on the TMF list TMF stands for terminated merchant file.

If you are on the TMF list, unfortunately, this is an Instant disqualifies for all banks.

What They Should Tell:

After asking their side of the questions they should be able to tell you if they have an appropriate solution and given estimation on rates and fees next they will walk you through getting your business and website compliance as well as gathering all the supporting documentation needed for proof for more information about different supporting documents and website requirements for high-risk merchant account instant approval.

High Risk Merchant Account Instant Approval Alternative 

Just because instant approval doesn’t exist though, doesn’t mean that you aren’t able to get approval fast.

This is a great way for any small business to hit the ground running, taking the steps to mitigate any chance of unexpected issues in the future.

So, regardless of the type of high-risk industry, it is that you are operating, you are going to want to affirm that you find a reputable provider that can help you out quickly.

Some of the most successful fast approval providers can handle a case in under 48 hours.

Any seller would be able to take the steps to achieve this and at 5 Star Processing, we think that it can be pretty simple. 

How You Can Get Your High Risk Merchant Account Approved Fast?

One of the best ways for you to present your business to a merchant acquiring bank like this is to provide an application with a well-presented cover letter.

You should highlight all of the key details about your business and the way that you conduct your work.

Things like trading volumes, strong processing history and a plan to address long fulfillment duration all play an important part in achieving approval and getting it done fast.

One Stop Solution From 5Star Processing

When your business is in a high-risk industry it really pays to do your research and find a quality processor if you have any questions about the information we covered in this article or you need help securing a high risk merchant account give us a call at  +1 888-253-9692.

Thanks for reading if you enjoyed the article give us a sweet comment. 

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