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Our Most Frequently Asked Questions

Step 1:
Please fill out our form here:
Step 2:
After filling out our form above, please connect with us on Skype:

We currently can receive and deposit Physical Cheques from Customers in both USA and Canada. Usually, it will take just 4 business days for the cheques to clear.

Note: We do not process Fake Cheques.

We can arrange processing for merchants all over the world.
No. We can only work with companies that are currently generating a minimum of $3,000USD in sales per month.
Yes, you get to choose your own merchant descriptor and we provide you with your own merchant account.
With our High-Risk Accounts, you are not forced to use your companies primary trading name – you can use something different. For example, if you (the merchant) would like to have discreteness then you could use a support website as the descriptor (as long as the website is managed by you). This is something you can decide upon after you are approved.
You may charge the customer in any denomination. For example, you can change your customer $342.85 or $250 or $421.33
Faq Description
Probably yes, but it will not be over 5%. As is customary with high risk accounts you should expect to have a reserve account. Working with us, your rolling reserve will be held for between 4 to 6 months. Here is how they work. Out of each daily batch, 5% of the gross is set aside in a reserve account. On the 7th month the funds are released to you for the first month, on the 8th month for the second month, etc.
On average, it should only take between 2 – 4 days. The more information we have on your business, the faster we can underwrite your merchant account.
Applying for a merchant account is simple with HighRisk247 Inc. Step1: Simply visit our application page: As soon as we receive your short application, we will review it and contact you by Skype. From there, we will work to quickly find you the absolute best possible solution for your business.
Absolutely! HighRisk247 Inc. has multiple mobile processing services depending on the needs of your business. Let one of our ETA Certified Payment Professionals guide you.
Absolutely! We have a 98% approval rate and even if your credit is bad, you will likely get approved.
Absolutely! We have several options to get you a viable and reliable merchant account with no credit. After all, we’ve been doing this for over 15 years!
We process your transactions in real time and you will receive your payments twice a week.
By default, a single transaction cannot exceed $1,500 USD. If you require your Virtual Terminal to exceed this default, contact us.
We accept all brands. The most common brands are Visa, MasterCard, American Express, Discover, and ATM debit cards. We also do checks by phone and ACH checks.
Yes, merchant activity statements are available electronically.
A payment gateway connects securely with a merchant’s web site to transmit credit card and debit card payment information for authorization and settlement through various credit card and payment networks.
With our Virtual Terminal, you can turn any device with an internet connection and a web browser (Desktop, Tablet, Laptop, Mobile Device) into a credit card payment terminal. A Virtual Terminal allows you to process secure, real-time credit card payments online.
Yes. We require your bank account and the legal name of your company. We abide by the Patriot Act, Money Laundering Act and the recommendations by the FATF (Financial Action Task Force).
We perform 85% of the underwriting process. For the most part, our competitors don’t perform any of the underwriting process. We have a very high approval rate and when we take on new clients, we do everything in our power in insure that they get approved!
Yes, we can set you up to accept debit cards as well as credit cards.
Yes! Simply visit our application page: fill it out and allow one of our ETA Certified Payments Professionals to contact you through Skype to discuss your options.
ACH stands for Automated Clearing House and can also be referred to as EFT, or electronic funds transfer. ACH processing is a method of electronic payment where funds are transferred between bank accounts. The majority of Americans have either a checking or savings account that can be used as a form of payment through the ACH network.
Although ACH processing is very similar to eChecks the payment source in ACH processing is different. With ACH, funds are transferred from one bank account to another by means of debiting or crediting the account; whereas, with an eCheck, the funds are originated via a one time payment using a check. Both payment methods utilize routing and account numbers.
You can accept payments in US Dollars.
Yes. You can choose to receive your monthly merchant services statement either by mail or electronically.
Yes. Once your account is set-up, you will be given both a private toll-free number as well as an assigned support rep to handle your every need 7 days a week.
Yes, you will need a business checking account to establish a merchant account – however – if you are a sole proprietor you may establish a merchant account with your personal checking account.
No we do not. We have determined that the best option for businesses in Pharma, Nutraceuticals and Tech Support is a Virtual Terminal. And so that is what we provide.
No we do not. We have determined that the best option for businesses in Pharma, Nutraceuticals and Tech Support is a Virtual Terminal. And so that is what we provide.
An acquiring bank is a bank that is a registered member of the card brand associations Visa, MasterCard or American Express in order to provide businesses with the ability to accept credit cards, debit cards, and other forms non cash payments. An acquiring bank is responsible for maintaining a “merchant account” for any business that it allows to accept credit card payments. In doing so, acquiring banks assume the risk associated with the transactions they process and fund.
Yes, we provide 128 bit SSL encryption on our browser and we adhere to PCI (Payment Card Industry Security Standard).
PCI compliance (or the PCI DSS) stands for Payment Card Industry Data Security Standards and are the series of Best Practices that all merchants are required to abide by. These standards were created by the PCI SSC (Securities Standards Council) which consists of the major card brands (Visa, MasterCard, Discover, American Express) and the card issuing banks. PCI DSS is an effort to help secure payments, protect consumers, and curb the negative effects that credit card fraud has on the economy.
No you do not. (However, if you have and EIN or SSN, please let us know, but they are not required.)
No they do not. We do not require a signature from your customers.
Also known as VT, is a service that allows manual processing of credit card transactions online. This means that you can use a VT to easily accept your customers credit cards over the phone.
Yes the real time payment gateway is included.
Yes transactions are processed and approved in real time.
After filling out our online pre-application form, — you can be processing Cheques or Credit Cards in just 1 business day.
No, there is nothing else required. We do not require business plans or any complicated paperwork for approval.
Merchants can choose to receive their funds every day (daily funding) or once per week (weekly funding). The default funding schedule is daily funding.

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