High Risk Merchant Account at HighRiskPay.com information please?

[koohl]

Yes, it's going‌ really well. Payouts come quickly and directly into our Wise account without any problems. Additionally,‍ their support is ultra-fast to help and respond if anything comes up.

If you have⁠ a US LLC and can get an account with them, it is worth pursuing.

 

[belarus]

they want ITIN number or works without with‍ you ?

 

[bbbusinesscorp88]

Hello do you do Canada payment processing?

 

[alain]

I wouldl ike to learn about your setup,⁤ only US LLC with EIN is sufficient or did you do more?

 

[clemens]

EIN is required, check the posts before!

 

[jorge]

I'm on the look for a high risk merchant account and reading the thread then‌ I wanted to apply with the named processor here but got declined with my business,‍ simple digital product selling ebook's and so.

What can I do to get approved with⁠ high risk processor, they don't want me now?

 

[clemens]

You very much need to look at your business case overall! Is your website compliant,‌ what products or services you are selling and where is your company setup, do you‍ have processing history and how about substance in your company? All these and more you⁠ need to look at.

Sometimes you may get a little more information from the processor⁤ if you ask nicely.

 

[jorge]

I opened a ticket with them and asked for more information about why they refuse‌ my business. Do you know of a payment processor that is easy to work with?‍

 

[fintel]

Depending on where you live and what you want to⁠ sell, paddle.com offers payment processing for digital products - I have been with them for⁤ many years, no major problems.
You could also try 2checkout.com - but they're trigger happy⁣ - notorious for closing accounts without any reason or any notice.
You should always have⁢ a backup with any payment processor.

 

[clemens]

paddle is doing high risk businesses like Adult, Gambling or large tickets size?

 

[fintel]

I guess it depends what you consider "high ticket" - but I‍ have single transactions of up to 5k - (some processors won't go over $250).
Adult and gambling - never asked, but I doubt it.

 

[clemens]

5K tickets that's very high and they accept it? What countries are the card holders‌ from ?

 

[fintel]

I have been with them a long time - I started with $1k and $2k‌ transactions, zero chargebacks or refunds, and they accepted $5k, without any issues.
Cardholders from most‍ countries - had $2k transactions from Nigeria and similar zones.

 

[drphantom]

they accepted‌ and no chargeback ?

 

[fintel]

Yes - not everyone‌ from these countries is fraud - I have many sales from African countries, never had‍ a chargeback or refund in the past 15 years.

 

[lory]

I wasn't aware that Paddle was so willing to take risks.

How is their support‌ if you write to them, do they respond? Do they accept companies from the EU,‍ or does it have to be from the USA?

 

[fintel]

I've been with them a long time - this probably helps accept the higher ticket. And,⁠ of course, it probably depends on what you are selling - how risky it looks⁤ to them.
Support always responds - sometimes fast, sometimes a bit slow, but not bad⁣ compared to many others.

From their website:

Which countries are supported by Paddle?
Paddle works⁢ with software businesses anywhere in the world with the exception of the unsupported countries listed︀ below.

In accordance with international sanctions regulations, as well as the policies of our banking︁ and payments partners, including various anti-money laundering regulations, Paddle is unable to support suppliers operating︂ from the below countries. Paddle will also block purchases and downloads to buyers located within︃ specific unsupported regions/countries.
Unsupported Countries

• Afghanistan
  
• Belarus*
  
• Burma (Myanmar)
  
• Central African Republic
  
• Cuba
  
• Crimea (Region︄ of Ukraine)*
  
• Democratic Republic of Congo
  
• Donetsk (Region of Ukraine)*
  
• Haiti
  
• Iran
  
• Kherson (Region of︅ Ukraine)*
  
• Libya
  
• Luhansk (Region of Ukraine)*
  
• Mali
  
• Nicaragua
  
• North Korea
  
• Russia*
  
• Somalia
  
• South Sudan
  
• Sudan
  
• Syria
  
• Venezuela
  
• Yemen
  
• Zaporizhzhia (Region of Ukraine)*
  
• Zimbabwe
  

This list is subject to change. Our︆ team may from time to time request further information before processing an order or releasing︇ a payment from any location or jurisdiction for risk and compliance purposes.

 

[erni]

very good, I want to test them out and hopefully get accepted with my business‌ and services.

 

[fintel]

Regarding paddle.com - I should have mentioned that their payout schedule can be a drawback.‌
They pay all sales for the current month on the 15th of the next month.‍
So, if you make a sale on 1 July , you will wait until 15⁠ August for your payment to be sent - 6 weeks.
If you make a sale⁤ on 31 July, you will also wait until 15 August for your payment to be⁣ sent - but it's only 2 weeks.
But either way, it's longer that PayPal or⁢ Stripe, and some other processors.
When you have established a good account with them, low︀ chargebacks/refunds, etc - you can apply to receive bi-monthly payments, but they're less inclined to︁ do this with high ticket items.

 

[clemens]

big draw back! You need a good liquidity in your‍ company to work with it.