Card machine for a high-risk business in the UK?
Card machine for a high-risk business? Watch the full video above, or read the complete timestamped transcript below.
Transcript
[0:00] Card machine for a high-risk business? A 60-second plain answer.
[0:08] High-risk verticals like adult, CBD, crypto, gambling, debt advice, vape and weight loss usually need a specialist acquirer, not a mainstream provider.
[0:16] Why. High-risk is an MCC code set by Visa and Mastercard for sectors with elevated chargeback rates. Mainstream acquirers like Worldpay, Dojo, SumUp and Zettle decline most of these by default.
[0:24] Who serves it. Specialists such as Trust Payments and Acquired.com have purpose-built underwriting for the sector and provide dispute support.
[0:32] The numbers. Rates run 2 to 4 percent versus 0.5 to 1 percent for mainstream. A rolling reserve of 5 to 10 percent is normal, and setup takes 5 to 14 days. The trade-off is a far more durable account.
[0:40] Full UK high-risk card machine guide on merchanthq.co.uk.
MerchantHQ is an independent UK comparison and introducer service, not a payment provider.