Applying for a high risk merchant account isn’t as simple as signing up with a standard payment processor. If your business operates in a flagged industry—such as travel, digital goods, or subscription services—you’ll face more scrutiny, paperwork, and a longer review process.

That said, it doesn’t have to be difficult. With a clear understanding of the steps involved and the right high risk payment processing partner, you can streamline approval and start processing payments faster.

Why High Risk Accounts Take Longer

Unlike low-risk merchants (e.g., retail or food service) who are often approved instantly through automated systems, high risk businesses go through manual underwriting due to:

• Elevated chargeback rates
• High transaction volumes
• Delayed service delivery (common in travel)
• Cross-border payments
• Industry-specific regulations

For example, travel businesses often deal with cancellations and refunds, making them inherently riskier in the eyes of processors.

The High Risk Merchant Account Approval Process

1. Submit a Comprehensive Application
You’ll need to provide:

• A valid business license
• Government-issued ID
• 3–6 months of bank statements
• Previous processing history (if available)
• A functioning website with clear terms, privacy policy, and contact information

Accuracy and transparency are crucial—your processor will verify everything.

2. Underwriting Review
The underwriting team evaluates:

• Business legitimacy
• Chargeback and fraud history
• Website compliance
• Industry classification

This step can take anywhere from 24 hours to several days depending on your responsiveness and the complexity of your business.

3. Receive an Offer
If approved, you’ll be presented with terms including:

• Processing limits
• Rolling reserves (to offset chargeback risk)
• Discount rates and transaction fees
• Settlement timeframes

Trusted providers like Adaptiv Payments ensure terms are fair and matched to your specific risk level—not punitive.

4. Integration and Onboarding
Once you accept the terms, you’ll get your API or gateway credentials. A quality provider will support you in integrating payment tools into your site or platform, ensuring a seamless launch.

Avoid These Common Pitfalls

• Incomplete applications: Missing documents delay approval.
• Inconsistent information: Ensure your business name, website, and financials align.
• Poor website setup: Lack of terms, refund policies, or contact details can trigger rejection.

Partnering with a processor who understands high risk industries can make a big difference in how smoothly things go.

Final Thoughts

Yes, getting approved for a high risk merchant account is more involved—but it’s a one-time process that lays the foundation for secure, uninterrupted payment processing.

With the right preparation and a provider who knows your industry, you can apply with confidence and start accepting payments without unnecessary delays.