High Risk Merchant Solutions Review

Variable Contract Terms

High Risk Merchant Solutions does not disclose its pricing to the public, and there are no complaints that mention specific rates or fees charged by the company. Despite giving no definitive pricing, company’s website does advertise different rates being “as low as” for different high risk merchants. Domestic high risk merchants can receive rates as low as 2.99%, standard risk merchants as low as 0.59%, internationa off-shore accounts as low as 4.50%, and e-commerce rates as low as 1.00%. However, these rates are nothing more than advertisements and do not provide merchants with insight into what they may actually pay.

As an all-purpose payment processor with offshore processing options, it’s likely that the company’s contract terms will vary dramatically depending on each merchant’s business type, location, and processing history. High Risk Merchant Solutions offers payment processing equipment, but it is possible that this equipment may come with a long-term lease. Merchants are advised to purchase their own equipment whenever possible to avoid getting locked into long-term, non-cancellable equipment leases.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, High Risk Merchant Solutions also dedicates a portion of its website that advertises its virtual terminal and payment gateway services. However, pricing on either of those services is not disclosed. The company does advertise that its basic e-commerce rate starts at 1.00% but this is likely a qualified rate that does not apply to high risk merchants or all merchants in general. Additional rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.

High Risk, High Fees

High risk merchants who sign up with High Risk Merchant Solutions should expect to pay higher-than-average fees, and they may also be subject to cash reserves on their accounts. This is standard practice within the industry due to the elevated risk of chargebacks that many high risk merchants pose. High risk merchants can reduce their risk of fund holds and chargebacks by being open and transparent with High Risk Merchant Solutions about their business type and product lineup from the start.

High Risk Merchant Solutions CBD Pricing

High Risk Merchant Solutions has previously offered CBD payment processing with no contract or monthly minimum fee, but it’s possible that this solution was powered by Elavon. Elavon has recently purged all of its CBD accounts, so High Risk Merchant Solutions may offer different CBD contract terms at this time.

No Red Flags

We cannot find any High Risk Merchant Solutions complaints related to the company’s pricing, and there’s no reason to believe that the company’s merchants are dissatisfied with their pricing at this time. It is possible that High Risk Merchant Solutions offers a wide range of potential contract types, so merchants should understand how to spot undesirable terms in their contract.