In this article, we will share with you the offshore high risk merchant account complete details. You may have options if you’ve had problems getting or maintaining a merchant account for your company because you’ve been classified as “high risk.” Many service providers are aware of your situation and provide services designed especially for high-risk merchants. The best high-risk merchant account service companies are listed below and are ready to meet your demands.
Also read: Off shore merchant account
Why Payment Cloud?
One of the most user-friendly providers of high-risk merchant accounts is PaymentCloud, which also offers top-notch customer support. Through POS, mobile, or online checkout, you can accept payments made with credit cards, ACH, eChecks, or cryptocurrencies using this account.
When you join up for a cost-free credit card processing account, PaymentCloud will provide you with a free retail or mobile EMV terminal if you need hardware to swipe or enter cards (i.e., offer your customer cash payment discounts).
Low-, medium-, and high-risk merchants are all catered to by PaymentCloud, including:
- Repairing credit
- Goods for adults
- Weapons and guns
- Nutraceuticals
- Tech assistance
- A dating service
- Tobacco and cigars
- Flying charter
Also read: Business credit cards for startups
Who ought to use Payment Cloud?
Particularly those with a high number of monthly purchases, and offshore high risk merchant accounts in a range of businesses, from credit restoration to dating sites, should consider PaymentCloud.
Advantages and disadvantages:
- ✓ Excellent client service
- ✓ Several widely used software integrations
- ✓ Assistance with free credit card processing
- ✖️ Online fees are not disclosed
- ✖️ Monthly gateway payment fee
- Host merchant services:
(Note – Best for large high-risk businesses)
Also read: Best business credit card for start-ups!
Why choose HMS?
To offer services to high-risk businesses, Host Merchant Services (HMS) collaborates with Electronic Merchant Systems. You can use the service to collect credit card or ACH payments online, in person, or through a mobile POS.
Numerous high-risk organizations can benefit from HMS’s merchant account services, including:
- Debt recovery and collection
- Adult toys and novelties
- E-cigarettes
- Airlines for life coaching
- Offshore loan modification businesses
- A few travel
- Timeshares
- Casinos and gambling
- Modeling firms
- A pawnshop
- Real estate
The organization further clarifies that it might be able to assist companies “selling anything that ‘borders’ on illegal.
Also read: Best business credit card for start-ups!
Who ought to use HMS?
For companies processing $10,000 or more in monthly sales, Host Merchant Services is excellent.
Advantages and disadvantages:
- ✓ Works with a plethora of different industries
- ✓ Excellent client service
- ✓ Without a monthly account charge
- ✓ Assistance with free credit card processing
- ✖️ High tariffs for very tiny or fledgling businesses
- Durango merchant services:
(Note – Best for highest risk business)
Why choose DMS?
Offshore high risk merchant account: Due to its focus on serving high-risk customers, Durango is one of the greatest service providers for these customers, including:
- Annual subscriptions
- Posting bail
- Digital Electronics
- Gaming
- Multilevel marketing
- Services for debt
- Firearms
- Fortunes telling
- Companies with poor credit ratings
- Accounts for multi-currency merchants
You may accept payments from Durango in numerous currencies and through ACH, eChecks, and bitcoin. It is a powerful ally for your company because of its genuine expertise in high-risk merchants.
Also read: How to change a bank account with a stripe merchant account?
Who ought to use Durango?
The greatest alternative for Offshore high risk merchant account is Durango, particularly if you have few options for merchant services, have already been rejected, or had an account terminated.
Advantages and disadvantages:
- ✓ Serves very high-risk clients
- ✓ Services and education for fraud prevention
- ✓ Payment processing for cryptocurrencies
- ✖️ The cost is not disclosed online; you must request a quote.
- SMB Global:
(Note – Best for international merchants)
Why choose SMB Global?
SMB Global offers credit card, ACH, or eCheck payment processing to high-risk businesses all around the world. Travel and other high-risk merchants are its areas of expertise. To discover the best transaction rates for your company, it collaborates with more than a dozen banks internationally. Depending on your requirements, you also have the choice of using either Network Merchants Inc. or Authorize.net as your payment gateway.
SMB Global works with high-risk businesses in a variety of sectors, such as:
- Travel
- Debt consolidation
- Auto Transportation
- Furniture
- Smokes and e-cigarettes
- Herbal/nutraceutical supplements
A free EMV terminal or a mobile reader can be available if you run a stationary or mobile storefront and need to collect payments in person. Given that card readers alone may easily cost more than $100, this is a welcome addition.
Also read: How to get an instant approval for high risk merchant account?
Who ought to use SMB Global?
SMB Global, as its name suggests, is a fantastic fit for high-risk companies with a global clientele.
Advantages and disadvantages:
- ✓ Accept foreign payments at reasonable rates.
- ✓ Works with companies with a negative credit history
- ✓ Several widely used software integrations
- ✖️ Free terminals are only provided to qualifying enterprises (requirements not disclosed)
- ✖️ You must call for price information.
- ✖️ Website does not list app integrations
- Soar payments:
(Note – Best for U.S.-based businesses)
Why choose Soar payments?
Payment processing for credit card, ACH, and eCheck payments is offered by Soar Payments to offshore high risk merchant account across a variety of industries. It assists companies in a variety of sectors, many of which are not mentioned by other service providers, including:
- Antiques and collectibles
- Bus lines
- Country clubs
- Sports betting
- SaaS (software-as-a-service) companies
- Fantasy sports
- Pet products
- Nonprofits
No offline paperwork is required; simply fill out an application online to receive an immediate price quote and sign using DocuSign. The corporation makes it clear up front that it doesn’t do business with companies in these sectors:
- Adult products
- Cryptocurrency
- Debt collection/relief
- Foreign exchange
- Gambling
- Kratom or marijuana
- Payday loans
- Pharmaceuticals
- Tech support
- Hate or racial content
Additionally, it is ineffective for companies that are involved in criminal behavior, have terrible credit, or are MATCH-listed merchants.
Also read: Credit card processing working!
Who ought to use Soar payments?
For American-based Offshore high risk merchant account with fair or higher credit and low-risk, uncontentious businesses, Soar Payments is the ideal option.
Advantages and disadvantages:
- ✓ Online application with an immediate price quote
- ✓ A robust customer support system with a U.S. base
- ✓ Industry-standard costs
- ✖️ No assistance for companies with a poor credit rating
- ✖️ Does not apply to enterprises that are very high-risk (UHR)
We hope this article was helpful to you. To get more information contact Us.
