An orchestration platform that allows you to connect not just to one but multiple high-risk payment gateways at once. Set up a comprehensive high-risk payment processing solution that routes each transaction for a maximized approval ratio.
Secure Payment Processing for High-Risk Industries
Welcome to Akurateco, your trusted partner within the high-risk payment provider industry. We understand that not all businesses fit neatly into traditional payment processing categories. Some industries, by their very nature, are considered high-risk, and they need a specialized approach to secure payment processing for high-risk industries in order to thrive.
That’s where Akurateco steps in – we offer a different solution to those looking for a high-risk business payment gateway. Our payments orchestration platform enables you to add an additional layer of different PSPs, allowing you to route and cascade transactions and achieve the highest approval rate and full confidence in your payment environment.
Industries or Businesses that Require High-Risk Payment Processing
Numerous industries and businesses fall under the high-risk category due to factors such as high chargeback rates, regulatory complexities, or market volatility. All of them need reliable high-risk payment processing solutions. Akurateco, as a trusted partner that connects you to high-risk PSP, serves a wide range of high-risk industries, including:
Online Gaming and Gambling
The gaming industry often faces regulatory challenges and high transaction volumes, making it a high-risk space.
Adult Entertainment
Due to the sensitive nature of the content, adult entertainment businesses are considered high-risk.
Pharmaceuticals
Businesses selling pharmaceuticals or supplements may encounter regulatory scrutiny that places them in the high-risk category.
Travel and Tourism
Frequent cancellations and chargebacks can designate travel and tourism companies as high-risk merchants.
Nutraceuticals
Similar to pharmaceuticals, nutraceutical companies may deal with stringent regulations that classify them as high-risk.
Forex and Cryptocurrency
The volatility and regulatory concerns surrounding cryptocurrencies place them in the high-risk category
Why Choose Akurateco
At Akurateco, we’re more than just another high-risk payment processor. Our orchestration platform allows seamless access to multiple gateways and processors – helping you overcome the most common challenges in high-risk payment processing. Here’s why businesses worldwide choose Akurateco:
Scalability
Ensure frictionless growth without worrying about your provider’s capability. Grow transaction volume with the assurance that they will be processed seamlessly.
Robust Security
Get the maximum fraud protection by not only connecting to trusted high-risk payment gateways but also by utilizing comprehensive in-house and third-party anti-fraud solutions.
Specialized Expertise
Our team has more more than 15 years of experience in setting up payment processing for customers(both high-risk and not), understanding the unique demands and nuances of your industry.
Smart Routing
Route your transactions automatically based on pre-defined rules. Don’t let a single transaction fail, thus, boost your revenue.
Cascading
Make sure each transaction is eventually approved even in the event of a soft decline by sending the transaction to a different PSP/acquirer until it is processed successfully.
Decline Reason Management
Allow your customers to clearly understand what reasons stand behind each declined transaction.
Tokenization
Store your payers’ data securely to ensure the smooth running of recurring payments and an enhanced payment experience
FAQ
How does a high-risk merchant account work?
High-risk merchant accounts work similarly to regular merchant accounts. However, they are tailored to the unique needs of high-risk businesses, including increased security measures and specialized services. It’s set up with acquiring banks or PSPs that specialize in supporting such businesses, often with stricter monitoring and higher fees.
What is high-risk payment processing, and why might a business need it?
High-risk payment processing refers to a specialized payment solution designed for businesses facing elevated risk factors, such as higher chargeback rates or regulatory complexities. Businesses need it to accept online payments without facing sudden account closures or service disruptions.
How do I determine if my business is classified as high-risk?
Several factors, including industry, chargeback rates, and regulatory challenges, can contribute to a business being classified as high-risk. Acquirers and PSPs usually make this classification.
What types of payment methods are supported by high-risk payment processors?
Usually, these kinds of processors have a wide range of payment methods, including credit and debit cards, alternative payment optionsUsually, high-risk payment processors have a wide range of payment methods. They include credit and debit cards, alternative payment options, crypto, e-wallets, and bank transfers, depending on your industry and location. , and digital wallets, ensuring maximum flexibility for businesses and customers alike.
What is a high-risk payment gateway, and how does it work?
A high-risk payment gateway is a payment solution that securely connects your website or app to acquiring banks and processors that accept high-risk payments. It handles transaction routing, authorization, and fraud checks in real-time.
How is your high-risk PSP different from others?
Akurateco is not just another high-risk payment processor. We offer a comprehensive white-label payment orchestration platform tailored to the needs of high-risk payment businesses. It encompasses over 500+ globally, and a suite of payment technologies, such as advanced smart routing, cascading, and fraud prevention, built to boost approval rates and reduce risk for high-risk businesses.
Is Akurateco a high-risk payment provider or a tech platform?
Akurateco is a payment technology platform. We connect you to over 500+ integrations, including reliable high-risk payment providers and acquirers, to give you control, flexibility, and scalability — all under your brand.
Can I integrate your white-label payment gateway for high-risk business with my current system?
Yes. Our platform supports easy API integration with your website. We also offer ready-made plugins and support to ensure a smooth setup.
How do you ensure secure payment processing for high-risk industries?
Akurateco is PCI DSS Level 1 compliant and offers custom-built fraud prevention rules for high-risk businesses, as well as 3D Secure, network tokenization, velocity checks, and AI-based risk scoring to keep your payments secure. We’re also integrated with external high-risk scoring providers, including MaxMind, Ethoca, SiftScience, and Verifі.