5 High-Risk Merchant Account Providers to Consider in the UK

Wednesday, May 27th, 2020

5 High-Risk Merchant Account Providers to Consider in the UK

Although every business comes with a degree of risk, certain businesses are traditionally riskier than others. For credit processors, a client with bad credit, for instance, poses a significant risk. A bankruptcy attorney who represents clients with bad credit, is, for example, a very high-risk customer.

Other businesses typically classified as high-risk include gambling, e-cig shops, and the adult entertainment industry.

Get a High-Risk Merchant Account for Your High-Risk Business

A common problem with high-risk businesses is that the majority of payment processors straight out avoid them. You’ll be turned back!

Fortunately, there are a few payment processors that specialize in one thing only – high-risk merchant accounts. If you’re opening a high-risk business in the UK, other than Best Payment Providers UK, some of the best high-risk processors to consider are;

• PaymentCloud: Headquartered in Sherman Oaks, California, PaymentCloud was founded in 2010. The company’s primary operational strategy is to find approved accounts for clients. PaymentCloud works with a vast network of banks and third-party financial institutions to find these placements and has a high success rate.
• Durango Merchant Services: Durango was founded in 1999 and is headquartered in Durango, Colorado. Unlike PaymentCloud, the company doesn’t set up clients with leases. Instead, it offers terminals, PIN pads, and mobile card swappers, both wired and wireless.
• Host Merchant Services: HMS opened its doors in 2009 and is headquartered in Newark, Delaware, with a few physical offices in Europe. It serves a long list of high-risk businesses by offering terminals for sale.
• Soar Payments: Soar, based in Houston, Texas, offers a selection of terminals to high-risk accounts. Retail merchants can, for example, apply for MaxxPay POS and MaxxPay Mini wireless terminals. It also specializes in Authorize.Net, USAePay, and NMI payment gateways, which integrate with several popular online shopping carts.
• Easy Pay Direct: Finally, Easy Pay Direct was founded in 2000 and is headquartered in Austin, Texas. The company’s primary product is its propriety, EPD Gateway. Similar to PaymentCloud, Easy Pay Direct works with a network of banks and processors to find placements for clients.

Others

There are several other high-risk payment processors out there. But, the above five offer the best merchant services in the UK. Make sure to evaluate critical factors such as prices, load balancing, and equipment leases when selecting a processor for your business.