An orchestration platform that allows to connect to not just one but multiple high-risk payment gateways at once. Set up a comprehensive payment solution that routes each transaction for a maximized approval ratio.
High-Risk Payment Processor
Welcome to Akurateco, your trusted partner in high-risk payment processing. 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 specialized approach to payment processing in order to thrive.
That’s where Akurateco steps in – we offer a different solution to those looking for a high-risk payment gateway – payments orchestration platform, using which will enable you to add an additional layer of different payment provider, allows you to route and cascade transactions and achieve the highest approval rate and 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. They all need a payment gateway for high-risk businesses. Akurateco with its orchestration platform 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 a high-risk payment processor. Our orchestration platform enables you to connect to multiple payment gateways in order to overcome the most common challenges of high-risk industries. 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
What is a high-risk merchant?
A high-risk merchant is a business that operates in an industry or niche that is prone to higher chargeback rates, regulatory scrutiny, or other factors that elevate its risk profile.
What is a High-Risk Merchant Account?
A high-risk merchant account is a specialized financial account that allows businesses in high-risk industries to accept payments securely, even in the face of greater risk factors.
How does a high-risk merchant account work?
High-risk merchant accounts work similarly to regular merchant accounts but are tailored to the unique needs of high-risk businesses, including increased security measures and specialized services.
What is a high-risk payment processor?
A high-risk payment processor is a financial service provider that specializes in payment processing solutions for high-risk businesses.
What is high-risk payment processing, and why might a business need it?
High-risk payment processing refers to the specialized payment solutions designed for businesses facing elevated risk factors, such as higher chargeback rates or regulatory complexities. Businesses in high-risk industries may require these services to ensure efficient and secure payment processing.
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. Consulting with a payment processor experienced in high-risk industries can provide clarity.
What is considered high-risk credit card processing?
High-risk credit card processing is the acceptance of credit card payments by businesses operating in industries or niches that are prone to higher chargeback rates, regulatory scrutiny, or other factors that elevate their risk profile.
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 options, and digital wallets, ensuring maximum flexibility for businesses and customers alike.