The application process for high risk credit card processing account is similar to applying for a standard account. Businesses fill out a high risk credit card processing application form and submit supporting documentation. Account approval for high risk credit card processing takes 3-5 days from the time all paperwork is received.

Sometimes a company wants to verify whether or not a high risk credit card processing account will be approved before submitting a complete application package. In these cases, a short form can be submitted and a pre-approval returned in 24-48 hours. For merchants who decide to move forward, a completed application is then submitted along with supporting documentation.

In addition to the high risk credit card processing application form, acquiring banks request processing history (if available), business bank statements, scanned copy of a drivers’ license or passport and a viewable website or product/marketing information. Businesses applying for high-volume, high risk credit card processing will also submit standard business financial reports which include P&L and Balance Sheet.

Businesses are encouraged to submit all high risk credit card processing documentation in a timely manner. Documents may be submitted electronically or sent by fax. Scanned copies of are preferred because the documents are clearer and easier to read.

When the high risk credit card processing account is approved, you will receive agreements from the acquiring bank confirming all rates and terms. Once the authorized agreements are returned to the bank, the bank will issue a merchant identification number (MID) and processing can begin.

A virtual terminal is included with all high risk credit card processing accounts which lets you accept payments online, by phone, or by mail/fax. Integration of payment processing to your website is accomplished with an easy-to-use Application Programming Interface (API).

High risk credit card processing is fully PCI compliant which helps protect your business. Powerful anti-fraud weapons allow you to maximize sales while minimizing risk. You can rest assured that your high risk credit card processing accounts are safe, secure, and will provide you long-term satisfaction.