We are geared towards high risk merchants and can have you accepting payments in no time. By accepting electronic checks, you expand the payment options available to new and existing customers, enhancing customer loyalty and potentially increasing sales. As a high risk merchant, accepting echecks is the easiest and the fastest routes to get in business. The fees are considerably lower than what a high risk credit card merchant processor will give to you. We take extreme measures including calling up the banks to verify funds availability, account status, payer background before we let the echeck hit your bank account. Unlike a credit card processor, you can virtually process unlimited volume with echecks. We will scale up as per your sales. Get started for free. No complex fee structures.
High Risk eCheck/ACH vs Credit Cards
Even after you clear all of these hurdles, you still may not be approved to accept credit cards. Click Here to learn about our eCheck and merchant account agent program. Ok…so why should you consider processing e-checks, rather than credit cards, especially for your high-risk business? That means you can accept e-check payments for your products and services almost immediately. Then, there are the fees. High risk credit card processors typically charge high up-front application fees of as much as one thousand dollars or more, with far lower chance of approval. On the other hand, the setup process for high-risk e-checks is far less costly, with no upfront application fees, and very small monthly processing fees, which are a small fraction of what high risk credit card processors charge. And, with a high-risk e-check application, you are pretty much guaranteed to be approved. An eCheck Electronic Check , is a digital substitute for a traditional paper bank check.
Features & Benefits
There are certain businesses, by no fault of their own, that are considered high-risk industries. Examples of high-risk industries would include anything adult-oriented, travel, nutrition, call centers, and even eCommerce merchants. There are still payment processors who will definitely work with you. On the downside, you may have to pay higher processing rates and fees. For starters, only 7 percent of Americans do not have a bank account. Since an overwhelming majority of the country has access to a bank account, offering this type of payment means that you can boost sales.
Are you looking for high risk echeck processing? National ACH establishes high risk echeck processing accounts for companies unable to obtain ACH accounts due to chargebacks, returns, or business type,. High risk merchants in all industries are welcome to apply. Echecks or electronic checks are generic terms used to describe a payment that is automatically debited from a bank account. Echecks are the most popular alternative method of payment for Americans. Although the term checks is generic, not all electronic check transactions are processed the same way. Simply because a company tells you it provides electronic check processing does not mean that the service will work well for high risk merchants. High risk merchants have different requirements than non-high risk merchants.. Additionally, some high risk industries are not accepted by ACH processors. NationalACH is one of the few companies in the US providing true high risk echeck processing accounts.