5 Types of Accounts Considered High-Risk by Payment Gateways

There has been a rise in high risk in business management in recent times. High-risk payment gateways are the ones that deal with high-risk products and services for several reasons.  The following are the five types of accounts considered to be high-risk payment gateway.

  1. Payssion

This is an international service provider serving customers all over the globe with their online high-risk payment gateways. The Company has various payment methods and has been successfully integrating them for the different types of business owners on the international borders. This Company was founded in 2013 and has been functional ever since. There is a commission that is involved in each successful transaction. The Company, however, does not charge the fees related to integration charges and has no type of monthly payments or any form of hidden costs. The sales department is advised to be referred for more detailed information regarding the updated payments scheme.

The competitive features of this high-risk payment gateway are as follows:

  1. PaySpace

This high-risk payment gateway is known to be serving for more than ten years in all types of payment processing features. This type of gateway is best suitable for medium to large businesses, companies looking for a high-risk payment provider, and start-ups. The transaction fee for the gateway starts at 1.2% + $0.3, which is calculated per transaction. This depends on the type of business, the volume of the trade, and the country of incorporation. However, the integration is possible by using API, Virtual Terminal, Hosted payment page, and plugins for all the CMS. 

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The competitive features for Playspace payment gateway are as follows:

  1. Authorize.Net

This type of high-risk payment gateway allows high risk merchant accounts to deal and accept payments through credit cards on the website by using checks and contactless methods. However, the commission is divided into two parts:

  1. The Company offers a separate gateway differently for those customers who have their merchant account. The charge for this feature is $25 per month along with 10 cents per transaction, and 10 cents as a daily batch fee is added with the monthly amount.
  2. For users who do not have their merchant account, the commission for using this gateway is also $25 per month, and the transaction fee is 2.9% + 30 cents.

The competitive features of Authorize.Net are as follows:

4.  PayKings

This is one of the most well-known international payment providers for high-risk payment gateway. The Company has been known to render its business-to-business or B2B format that includes high-risk companies, e-commerce companies, and online retail businesses. The number of industries that PayKings causes its services to are CBD, Adult, Dating, Firearms, Debt collection, Pawnshops, travelling, etc. The transaction fee starts at 2.49% and depends on the processing histories and a good business vertical.

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The competitive features of PayKings as a payment gateway are as follows:

5. PayPal

PayPal has been a well-known payment aggregator for various types of business. The Company, however, has been offering its service to more than 170 countries with more than 300 types of payment methods, including local acquiring. The customer can choose the available payment methods via a personal account. This gateway feature has been in action since 2016 and has been open for legal entities as for the individual. The transaction fee of a high-risk payment gateway starts at 2.4% + $0.2 and depends on three things: the type of business, the risk level of the Company, and the transaction value.

The features of PayPal are as follows:

The five payment gateways that have been described above would be deemed as a reference for accounts considered high-risk by payment gateways.

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