Top 5 High-Risk Merchant Account Processing Solutions for UK Merchants

Monday, August 19th, 2019

For UK entrepreneurs trading in controlled or high-risk industries, it may not be as easy to get a processing solution as it would be for low-risk businesses.

Most processors are often unwilling to work with risky entities because of the nature of activities/services or goods they deal with, or the high cost of onboarding them.

But new industry players and some savvy veterans are chipping in to bridge the gap for high-risk businesses. Some of these companies offer all-in-one solutions but depending on your needs; you can opt for one perfect match. Or you can choose to combine these services to streamline payments in your high-risk startup.

Let’s look at five of the best processing solutions UK merchants

1. Credit Card Processing Specialists

Credit card Processing Specialists was founded about a decade ago— in 2010. The US Grandville-based payment enabler provides merchant services to both low- and high-risk merchants in the US and UK. It offers low swiped rates (0.35%), almost instant approval and zero sign-up fees making it appropriate for startups.
This service provider offers:

• Credit Card Processing
• Payment Gateway
• High-Risk Processing
• Point of Sale terminals

2. BankCard USA

The California-based payment veteran has been in the industry since 1993. Both UK and US retailers depend on card processing services from Bankcard USA. The company also offers POS solutions, as well as mobile and wireless payment solutions for in-store business.
Their offerings include;

• Payment Gateway
• Credit Card Processing solutions
• Merchant Cash Advances
• Point of Sale terminals

3. Frontline Networks Limited

Established in 2008, the UK-based credit card processor helps high-risk companies enjoy merchant solutions without a hassle. Businesses can get instant approval, fair credit card processing rates, and reliable support. FNL even offers cash advances to help businesses address their financial needs, as well as the following services:

• Payment Gateway
• Credit Card Processing Solutions
• Merchant Cash Advances

4. Web-Merchant Services Limited

Web-Merchant Services Limited is a UK-based payment service expert for startup and SMBs. The firm also onboard licensed high-risks. Operating since 1999, Web-Merchant Services processes payments for many UK firms including popular ecommerce store, easy4men.com. Other services they offer include:

• Credit Card Processing Solutions
• Payment Gateway
• Merchant Cash Advances

5. Sentidel Finance Group

The London-based firm provides a unique service that would work for cross-border merchants— Sentidel’s Multi-currency processing solution. Founded in 2003, the processor onboards UK business including high-risks that present their case well.

• Credit Card Processing
• Multi-Currency Processing

Final Words

All startups or small companies from the UK can try these payment processing solutions. Working with a reputable firm guarantees the security of your business as well as your clients, quality services, and customer support that you can rely on.