The best solutions are the ones that are easy to use for your customers and offer great versatility, security, and scalability to business owners. While it was safe to say cash was king in times past, the tide is changing. Merchant services should support your business, not drain it with excessive fees. Here are the best credit repair merchant accounts from providers like Soar Payments, Host Merchant Services, PayKings. Customers are not charged any late fees, interest, or other fees on Affirm’s standard 4-installment loans. 3. Durango Merchant Services. A high-risk merchant account is specifically designed to support payment processing for high-risk businesses. . If. 3. #1: Selling High-risk Products. High-Risk Merchant Accounts. Do you think removing. Shopify is one of the world's most prominent eCommerce platforms—currently powering more than 4. Hmmmm i wonder if my cryptocurrency section is the problem. If a business is deemed high risk, the vendor might. Square: Best Free Merchant Account For Small Businesses. What do I need to do? PCI requires that only one business can utilize each merchant account. To accept credit cards Authorize. So, finding a high-risk payment provider to use on Shopify’s platform can seem like an overwhelming process,. 4) E-Cigarette and Vaping Merchants. National ACH specializes in offering high-risk merchant accounts to process ACH, e-checks, debit cards, and credit cards. A competitive payment processing fee for a standard retail small-business account might be 2. Accept card payments with a merchant account (or Shopify Payments)A high risk business doesn't necessarily mean that you have a high chargeback rate itself, but that historically speaking the nature of the business itself does. Level 2 & 3 Credit Card Processing. National Processing. If an order has a medium or a high risk, then it’s flagged on the Orders page. The company guarantees the lowest rates and prides itself on. A high-risk merchant account is a service that Payment Service Providers (PSPs) offer so that entities in fraud or chargeback-prone industries can accept card payments. There are several merchant account vendors like Shopify that provide you with a one-stop solution that does not ask for separate payment gateways. And yes, high risk merchants can be eligible, and most do when applying with us. Fulfilling high risk orders can result in a higher number of chargebacks and that can result in disabling payment processing and removal from Shopify Payments. A high-risk business is considered likely to fail financially by card processors and banks. Any advice is appreciated! So, the only alerts on this order are: Red - Characteristics of this order are similar to fraudulent orders observed in the past Grey - IP address and that. Drawbacks of High-Risk Merchant Accounts. Load balance your MID’s depending on price points, volume, or the custom criteria of your choice. Follow these general steps to prevent chargebacks and time-wasting inquiries: Make sure the pictures and descriptions of your products or services are clear and accurate. The nation’s #1 high risk credit card processing company. A payment gateway is an Internet application offered by merchant services providers for use to authorize high-risk credit card and debit card payment transactions. With providers advertising “instant credit card processing approval,” there’s usually some fine print specifying that approval takes 24-48 hours — faster than normal but not “instant. 6% plus 10 cents, while the fee for a high-risk account might be 2. Please give me a call if we can be of further assistance @ 1-877 493-4622. Check the rating and indicators for more information. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. If you are a vaping merchant, you will need a. High risk merchant accounts are a unique category of online payment processing. 1. 2. Net payment gateway with GoDaddy too. High-risk payment gateways, tips & recommendations. Make sure that the merchant account provider can cater to your business as it grows. If an eCommerce merchant sells products that Shopify considers high-risk or that violate Shopify's Acceptable Use Policy, their Shopify Payments account may be suspended. Worldpay. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. Use fraud analysis to help decide which orders. : The merchant account applicant must be legally incorporated in the U. Once in your Shopify account, go to Sales Channels > Online Store > Themes . Click on the “account” buttons if you want to start filling out a free application. Complete Fraud Protection & Chargeback Prevention. The High Risk Payment Gateway for WooCommerce plugin adds Cardpay Solutions as a payment method to your WooCommerce store. Reply. 1. The best credit repair merchant accounts are able to accommodate high-risk transactions at a fair price with reasonable contract terms. Some of the best high-risk payment gateway on Shopify. Other products and services considered high risk. You’ll be thoroughly vetted prior to approval, though, which can take some time. With its bespoke approach to credit card processing, Corepay can offer specialized services to many high-risk businesses that might otherwise struggle to get approved for an account at all. High Risk Merchant Account Shopify. Net? How to Create Authorize. 4 09/09/2022 – Shopify, without any known announcement, quietly removes Authorize. The best high-risk merchant account providers offer honest sales practices, a transparent onboarding process, personalized customer service, fair contract terms, and reasonable rates and fees. List the top 5 high-risk payment processors for Shopify merchants. Net is merely software, not credit card processing. Online Coaching Merchant Accounts for Shopify. Payment Kings: A smaller company that works with CBD businesses and offers various fees and products. Shopify is one of the most popular payment processing systems, and low-risk merchants can now use Shopify’s internal payment gateway, Shopify payments, to accept and manage transactions. New Business Start-up Companies Approved. Retail & Swipe. What Instant Approval Actually Means For High-Risk Merchants. With every well-established online company comes the need for reliable payment. Make sure your billing statement text is easily recognizable to your customers. Use fraud analysis to help decide which orders to fulfill, based on key insights and risk levels. Here are the best crypto payment gateway providers, including Coinbase Commerce, BitPay, and CoinGate. As noted in our TOS for Shopify Payments, crypto-currency hardware is considered a high risk business. Shopify is not a high risk payment processor. High Risk Payment Gateways. What is a High-Risk Merchant Account? A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. (Fattmerchant) Stax : Best for high-volume sellers. Because merchant cash advances are sales agreements, they generally aren’t covered by usury laws that govern loans. To successfully open an adult merchant account, there are a few things you may need to take care of first: 1. Net payment gateway – when set up correctly. Then Connect or Create a new TikTok Ads Manager account. The Best Merchant Account Service Providers of 2023. 1 Regulated products, like CBD, and Shopify. Low-Risk Merchant Accounts: Instabill can also support regular, low-risk industries, but it’s not the best choice for these types of businesses. PaymentCloud Top Rated E-Commerce Merchant Services . Authorize. These merchants can have a particularly hard time finding a high risk merchant account because a lot of payment processors refuse to participate in high risk processing. To lower risk, the merchant account provider may seek address verification. High risk payment processor. Helcim is a merchant account provider that charges interchange fees plus 0. Go to the top. By entering your email, you agree to receive marketing emails from Shopify. they need to provide the general requirements that are listed below that will help merchant to prove that she/he is a legal resident of United States: Registered business name in U. Should fraud occur, Signifyd has a financial guarantee. What. The easiest way to do so is by using a payment service provider (PSP), which is an easier alternative to traditional merchant account providers. Leaders Merchant Services: Best for Established Businesses 4. Shopify APIs and SDKs. Look on the order page, then you will see a section that is called Fraud analysis. Discover how Shopify's high-risk payment processing can help safeguard your business. Add a high-risk Authorize. Automate repetitive and high-performing workflows across your systems and stores. We think most small businesses will find a great fit in this list. You are a mid- to high-volume seller (you process over $5,000/month) Your business is considered high risk. Thanks,Accepting credit card processing is a crucial part of running any online business. After an agreed period, ordinarily a few workings days, those funds are then settled to the. Higher payment processing fees. Merchants using Stripe can accept a variety of payment options, including: credit cards, wallets, and international currencies, both online and in-person. Choose a Merchant Account Provider Whose Fees and Functionality Are Transparent. Some Related Blogs So the USA currently seems like the most difficult place for a high risk merchant to obtain an account. We make High Risk Easy. MOTO (phone / mail),. Our picks for the best free merchant accounts include Square, Chase, Stripe, PayPal, and more. Square Banking: Best Business Bank For Instant Access To Funds. Sep 6, 2023 | Payments When an aggregate merchant account like Shopify kicks you off their platform or freezes your account, it can be confusing as to what to do next. We have created this high level how-to-guide to help you understand the process and requirements of the application process. Please remember that the Authorize. This is where high-risk Shopify merchant accounts. It’s essential to familiarize yourself with the ins and outs of these accounts to make informed decisions for your business’s financial security. Square. 5. $15 monthly fee ($12 for nonprofits) Interchange + 0. These sales can be both onsite and online and the purchase will have been made using a credit card or electronic commerce. PaymentCloud: Excellent provider for collection agencies with a strong eCommerce presence. PaymentCloud has been providing high-risk merchant accounts since 2010 and accepts CBD businesses as well. The $30 monthly fee for Level 3 processing will be quickly recouped with Level 3 interchange savings. They are custom suited for businesses that have higher risks associated with them. It’s. Recurring Billing. A merchant account with Shopify makes it possible for an online retailer to accept payments from a wide range of suppliers and charge cards. Read our Review. com. Merchant services should support your business, not drain it with excessive fees. PayOp. Using advanced algorithms to analyze and identify fraudulent orders, Fraud. 5. We have helped hundreds of entrepreneurs thrive and would love to. Merchant account fees. The company offers payment processing services for more than 170. Get access to deeply-discounted interchange rates to keep your payment processing costs as low as possible. Post Views: 2,851. Another mind-blowing statistic is that over 26,400 partners referred a merchant to Shopify in one year. Given the firm stance of the major banks, it is probable that these companies are using. List the top 5 high-risk payment processors for Shopify merchants. If you’re a merchant on Shopify or thinking about starting an online store with them, you’ll be pleased to know Shopify offers fraud analysis tools that help ecommerce businesses spot red flags. High Risk Merchant Account Shopify. The provider may approve riskier applications but at a higher fee. Get the items mentioned previously prepped and ready to go, contact a merchant account provider like DirectPayNet, and get the process going. Net’s low-risk merchant account partners. The merchant account provider will approve your application if you fall into its low-risk category. Some providers offer processing fee discounts for high-volume businesses. FREE Account Set-Up. Stax: Best for Larger Businesses 2. In this article, we’ll take you through some of the best CBD merchant account providers for Shopify and provide other helpful information to help you conduct your business and accept credit card payments seamlessly. Say goodbye to overseas credit card merchants and bitcoin merchant accounts for kratom purchases! We believe that U. The 6 Best Credit Repair Merchant Accounts. Net gateway also needs to connect with a high-risk merchant account on the back-end. 21 hours ago · Bloomberg Markets: The Close 11/24/2023. Certain business types, such as CBD, nutraceuticals, digital Goods, and others now have solutions to process payments for their business. Additionally, providers of these payment processing services continually stay up to date on ever-changing regulations. No. Being classified as a high-risk merchant by Shopify is not the end of the world. The Best Credit Card Processing Companies Of 2023. A Shopify chargeback is what happens when a cardholder has an issue with a payment made on your Shopify store. They are excellent alternatives for high-risk merchants when correctly set up with appropriate high-risk merchant accounts and payment gateways. High Risk Solutions has plenty of options for High Risk Shopify merchants that are on able to get a traditional merchant account through stripe. Recently got canceled from a merchant account for having a 3. ” meaning Member Alert to Control High Risk Merchants—a database that records data on canceled merchant accounts’ Begin searching for a new. - Load balancing feature for high risk merchants. 4. Here is the profile of six of the best high-risk payment processors in the eCommerce industry today. Without a high-risk merchant account, ecommerce businesses eventually may face the risk of. At E-Commerce 4 IM, we work to help high-risk business owners successfully run their companies. Fastest application process: Soar Payments. Login to your Shopify store's admin. A dedicated high risk merchant account is an account where the business has its own merchant ID. High Risk Merchant Account LLC 915 Folly Rd #49, Charleston, SC 29412 (877) 493-4622. You can learn more about this gateway and create an account here. Durango Merchant Services. With an aggregate high risk merchant account, the funds from a transaction are sent out to the processor, like Shopify. Merchant One: Best for easy merchant. Corepay's emphasis on eCommerce makes it a particularly good choice for online-only businesses. Net. This doesnt make any sense. A typical fee is 5. The provider may approve riskier applications but at a higher fee. By utilizing a third-party processor, the. Lastly, I recommend checking out our list of available payment gateways in. PayKings is a high risk merchant account provider that is trusted and proven to process transactions for your high risk business at competitive rates. In fact, we think Square, Novo, Live Oak, Bluevine, NorthOne, Mercury, Axos, Bank of America, LendingClub, and Grasshopper have the best all-around business bank accounts available. High-risk merchants are businesses more susceptible to. The plugin allows your logged. High Risk Merchant Account LLC 915 Folly Rd #49, Charleston, SC 29412 (877) 493-4622 Shopify POS has everything you need to sell in person, backed by everything you need to sell online. One of the main reasons that companies are deemed high risk by other payment processors is that they’re susceptible to chargebacks. If you want to start accepting credit card payments online, you need to set up at least one online payment channel. Payment Depot: Best overall. Stripe: Best for owners of multiple businesses and brands. These are certified Shopify Friendly Solutions. such as Shopify and WooCommerce³ ; Integrations with accounting softwares,. Net: high-risk payment gateways and merchant account recommendations A+ rated and BBB accredited – Tasker Payment Gateways LLC helps website owners sell regulated products online using high-risk friendly Authorize. Aside from EMB, Authorize. While the Shopify Payments processing service is included for free with your Shopify account, Shopify itself requires a monthly subscription fee. The NMI ATRI feature permits automated routing based on the product name, merchant account, risk category, sale amount, or even based on a percentage of gross sales. High Risk Merchant Account Shopify. Payment gateways & merchant account recommendations. And you may also be required to pay more processing charges, directly. High Risk Merchant Account LLC specializes in high risk merchant accounts and can likely help. With our kratom credit card processing solution, it’s finally possible to accept payments for kratom vendors and cbd with a domestic U. Shopify Payments: Best for multiple sales channels. The proper merchant account allows your business to function properly and keeps your assets safe. I dont sell crypto or deal with any crypto. A high-risk merchant account is a label your payment processor has given your business. Need Help? 877-511-3402. Overview; Online Coaching Merchant Accounts; Online Courses Merchant Accounts;. The good news is that WooCommerce is a great open-source platform that integrates perfectly with Tower Payment’s high-risk credit card processing for adult toys. 2) Adult Entertainment Merchants. The trader or merchant will receive the proceeds of sales into their merchant account. The Shopify Payments credit card processing service is currently unavailable for CBD sales. Verifone (formerly 2Checkout) If you searched for “payment gateway” or “payment processor” on Shopify’s App Store, you’d be hit with a whopping 100+ payment solutions to choose from. Call the phone number the customer issued. Some providers offer processing fee discounts for high-volume businesses. These providers aren’t telling you that merchant account approval is a two-step process. When we pair you with an ideal high-risk-friendly merchant account and a high-risk payment gateway, we make it easier, safer, and more efficient for you to accept payments on. PayPal: Best. Net as a payment gateway option. ”. Merchant account fees. High Risk Pay offers high-risk merchant accounts and payment gateway solutions to businesses from all verticals. . . Compare the top merchant account providers and see which one could be best or your business. PayPal. Reading Time: 8 minutes Shopify is the home to over 2 million active businesses in 2023. In simple terms, a high-risk merchant account is a payment processing account for businesses considered as ‘high-risk’ by credit card processors or banks. When selling a simple, low-risk product or service, a merchant account is set up seamlessly by Authorize. 3. 78 out of 5. High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. That means PayKings will service companies in industries that many other payment services shy away from. 3% to 3. Shopify High Risk Payment Processing. That's a huge lift for even the most incredible stock, and would likely take. We offer custom-tailored solutions to merchants in the CBD oil industry that need a payment gateway for selling their CBD products in an online market. Compatible with E-commerce portal and major payment gateways. Shopify merchants have access to its fraud analysis tool. High risk accounts willingly take on risk and aide merchants in minimizing it. I know these services work because we have hundreds of 'live' websites selling CBD right now. They are custom suited for businesses that have higher risks associated with them. As a high risk merchant, whether for multi-level marketing, FFL, e-cigarettes, and more, you may have to face higher fees due to the more expensive gateway solutions. With a. The $30 monthly fee for Level 3 processing will be quickly recouped with Level 3 interchange savings. Some high risk credit card processing specialists have started to offer workarounds that enable merchants to accept credit cards through domestic merchant accounts. Average Approval Time: 3 days. Cons: $99 account setup fee, 3-year contract with an automatic renewal clause. Durango’s customer support also far exceeds the often-inadequate norms of the payments industry. 8737. Learn how you can still integrate NMI with Shopify. Any high-risk merchant account will cost significantly more than a comparable low-risk one. Our merchant accounts work with all the top gateway providers and we can help you get payment processing fully integrated with high-risk payment processing – even if you have been. Visit Site. This will allow you to access all your business accounts in one place. Full merchant account provider. One effective method for ferreting out a fraudulent or high-risk order on your Shopify store is to call the phone number the customer provided. How to apply for a CBD merchant Account To get a Shopify CBD account, you’ll have to go through three. Typically, our team will recommend using a third-party payment gateway called EMB. For high risk businesses, it can take up to 14 days to receive payment. While you might not think that you fall into the “high risk” category, MANY businesses do! Including high ticket items, supplements, recurring. Worldpay is a unique Shopify payment gateway best-known for offering a range of secure payment services to companies of all sizes. These businesses are often rejected by standard merchant accounts because of the risk to banks. 50%-9. If you are a new high-risk merchant with questions about integrating with Shopify contact us anytime. High-Risk Merchant Accounts For Shopify: What You Need to Know . If you will apply too low, you have better chances of having the application rejected. We don’t discriminate. Obtaining a high risk merchant account is easy with High Risk Buddy. Each Certified Payment Specialists have “been there and done that” hundreds - or thousands of times. As for the cost of payment processing on this device, that depends on your Shopify plan. Ship new campaigns, channels, customizations, and experiments fast, then iterate daily. high-value orders from an unknown customer. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. In order to make the payment processing high-risk-friendly, you need to connect it with a high-risk merchant account on the back-end. The best crypto payment gateways provide convenient interfaces for accepting multiple types of cryptocurrencies, flexible settlement options, and low fees. NMI’s proprietary ATRI multi-merchant account balancing feature allows you to route your. Basically, a merchant ID is a specific code assigned to you when you get your merchant account from an acquiring bank or processor. A merchant category code (MCC code) is a four-digit number that identifies the primary purpose of your business. Durango Merchant Services has been in the payment-process game for over two decades. 12-18-2020 03:59 PM. Square: Best overall. With a 98% approval rate, we take pride in being able to accept almost every business type, regardless of risk level. High Risk Merchant Account Specialists - From small businesses to Fortune 500 enterprises, organizations nationwide have trusted us to handle their high risk merchant accounts. With an aggregate high risk merchant account, the funds from a transaction are sent to the account provider, like Shopify, and then are deposited into the merchant’s bank account. Merchant services should support your business, not drain it with excessive fees. Merchant account fees. An acquirer uses the MCC code to identify prohibited business types as well as measure risk before signing a merchant up for services. We have listed the top providers of marijuana merchant accounts below. Get access to deeply-discounted interchange rates to keep your payment processing costs as low as possible. A little more than six months ago, thousands of CBD websites on WooCommerce, Wix, Weebly, Shopify, and Squarespace, among others, were dropped by Elavon and left without a way. EMB is the #1 solution for high risk merchants, providing a quick and easy application process that gets your business up and running in less than 48 hours. The reason for this is that this equitable new industry is susceptible to card fraud and chargebacks, which could ruin your business in just a few days. The main reason these credit policies differ is due to the processor’s ability to. The key difference between an aggregate account and a dedicated. Net payment gateway integrated with a high-risk merchant account specifically approved and underwritten for a specific product category or marketing method that most merchant account providers generally prohibit. A high risk business doesn't necessarily mean that you have a high chargeback rate itself, but that historically speaking the nature of the business itself does. Certain businesses are considered high-risk due to factors such as the nature of their products or services, high chargeback ratios, or regulatory restrictions. – We also offer high-risk Woocommerce merchant accounts here. Once it’s combined with a cigar-friendly merchant account, you can safely accept payments and even process recurring billing subscriptions if you run a cigar of the month club. Shopify is one of the very best high-risk e-commerce platforms for a significant variety of business types. Selling environment - Card present vs. High Risk Merchant Account Shopify . However, many high-risk merchants have struggled to find a payment processor that will work with Shopify, due to the platform’s strict policies on high-risk businesses. Read our Review. For example, we offer merchant account set-up assistance, chargeback mitigation, and credit card processing to many different high-risk businesses. A payment gateway is a mechanism that communicates transaction information between the customer and the merchant. Card-absent payments have never been easier with Bankful’s intuitive gateway. Cybersecurity is the practice of protecting computer systems, business accounts, networks, and sensitive information from unauthorized access, theft, damage, or other malicious attacks. Plus, you’ll never be charged a setup fee or application fee. Please remember that the Authorize. While the coverage is limited, built-in protection from companies like Shopify is usually the most convenient form of chargeback protection for merchants. PaymentCloud. If you use Shopify Payments, the credit card rate is 2. Both WooCommerce and WordPress are built on an open-source foundation. The core of that is that we understand your business model. A rolling reserve that can be held for up to 180 days (or longer in some cases) after account closure. Accept Credit Card Chargebacks Check Processing High Risk Business High Risk Business Merchant High Risk Merchants Merchant Account Merchant Services Payment Gateway Chargebacks Check Processing High. Yes, even if you’re selling bongs, glassware, grinders, CBD, premium cigars, tactical products, or other high-risk products, you can use Authorize. We offer fair, transparent pricing for high-risk merchants, starting from 1. Consider the terms when you. The merchant account provider will approve your application if you fall into its low-risk category. Mystery packages. Setting Up a Payment Gateway with Shopify. Serving this type of account opens them up to too much risk, so they don’t work with high risk businesses. The company has a positive reputation for transparent customer service and reliable support. We'll help you accept high-risk payments safely, reliably, and efficiently on Shopify. Shopify’s high-risk payment processors include those that are willing to support businesses operating in industries usually deemed high-risk. Not only will you be able to accept payments, you can also enable recurring billing. Shopify doesn’t offer high risk payment processing directly, but it does integrate with third-party companies that can provide you the solutions you need. Should you be working in what lots of merchant accounts deem a “high-risk industry,” such as an eCommerce business, there will be a likelihood that you have a high chargeback or. Your CBD payment processor must be able to share out high-risk transactions. We like to think of it as “High Priority”. Many companies operating on the hemp platform also need specialized high risk merchant accounts. 0. Stripe. Make sure that all the documents you provide are accurate and up-to-date, as Shopify. Reply. If your business is considered high-risk or you want to expand your payment options, integrating a high-risk merchant account with Shopify can offer several advantages: Wider Range of Payment Options. 2. PayKings has been active within its niche since 2011, forming partnerships with many of the bigger platforms in the eCommerce space. PayKings is a merchant services provider specializing in high-risk merchant accounts. If you want affordable payment processing and additional control over your merchant services, we’re happy to help! Getting a high-risk merchant account with Shopify Check if your business is eligible. 98% Approval Rating. Affirm’s standard merchant fee is 5. As you’ve probably realized by now, opening an adult merchant account can be a grueling task – even when compared to other high risk industries. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks. The provider may approve riskier applications but at a higher fee. Not only will you be able to accept payments, you can also enable recurring billing. What We Look For in the Best Merchant Services 1. Best High-Risk Credit Card Processors for Shopify. It Involves implementing a range of security measures to prevent cyberthreats and minimize the risk of data breaches and other security incidents. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. High-risk merchant account and payment gateways for alcohol, pipe tobacco, and cigars. Opening accounts specifically made for eCommerce allows merchants to run their business with peace of mind. A Shopify order can be defined as high-risk if any of the transaction (via transaction monitoring tools) or user data raises red flags. Does not accept high-risk businesses. 8. The Best Payment Gateways of 2023. Your deposits are FDIC-insured up to the legal maximum of $250,000. High-risk merchant accounts offer a range of benefits to merchants who use Shopify as their platform of choice. Reply. Personalized Account Rep. ATRI. At PaymentCloud, we offer dedicated high-risk merchant accounts to Shopify store owners. Shopify is a popular e-commerce platform that offers a range of features and functionality for businesses looking to sell online. Offers debit & cryptocurrency payments. HRMA-LLC offers a High Risk Shopify Merchant Account with compatible high-risk Shopify Gateways. The provider may approve riskier applications but at a higher fee. We will set your site up with a high-risk merchant account that is compatible with your BigCommerce store. 7% for in-person transactions. 1. Are you a business owner in a High- risk industry? If so, you may be wondering how you can secure payment processing services to keep your business running. To lower risk, the merchant account provider may seek address verification. My business is 7 days old and I received an email yesterday saying im a high risk business and can no longer use shopify payments. No matter the type of business or industry, our cutting-edge credit card processing solutions ensure you will have the most up-to-date technology and solutions for your customers. There are several factors that can trigger. 02-15-2022 09:34 AM. 2 CBD online: How to set up a payment gateway and merchant account. It may not be the the wording itself though and it could be the actual product, regardless of it's name. Contract Many payment processors offer month-to-month contracts with no termination fees. 0.