We understand that there are certain businesses that banks and credit card processing companies consider “high risk.” This means that these businesses have a hard time getting merchant services and are unable to accept payments from their customers through credit cards, e-checks, and ACH.

At the Black Payment Network, we offer high risk Black businesses across many industries with merchant accounts. We support all kinds of Black businesses and place value on their services in order to develop the Black community. That is why, we offer high-risk merchant accounts that will not experience payout freezes or termination that can cost businesses millions of dollars.

Why Is Your Business Considered High Risk by Credit Card Processing Services?

High risk does not mean that there is anything wrong or shady about your business. It is simply an industry term given by banks and financial agencies to companies, even excellent ones, that share a few characteristics:

A greater chargeback risk: Any business that has a chargeback risk of more than 1% is automatically considered to be a high risk business.

Operating in a unique/unregulated industry: If the industry is very new or is still developing regulations, then banks consider this a risk, and will give you a high-risk tag.

Card-not-present operations: If your business accepts card-not-present or cardholder-not-present payment options, then the risk of fraud is greater, and will place you in a high risk category.

We work with a number of mid-risk and high-risk businesses and give them merchant accounts that other processors will not. Some Black businesses we work with include:

  • Antiques
  • Bad credit
  • Cannabis support/ CBD oil
  • Catering
  • Credit repair
  • Debt collection
  • Firearms and ammunition
  • Insurance/ warranty
  • Nutraceuticals
  • Fantasy sports
  • Pawnbrokers
  • Smoking products

What Does The Black Payment Network Offer High Risk Businesses?

High-Risk Credit Card & Merchant Account Processing

BPN seeks to develop trust between the merchant and customer and offer maximum security with its innovative payment processing solutions

Hassle-free Integration

We can help your business grow with our sophisticated payment gateway by helping you save transaction costs and the time it takes to process payments, shortening the customer journey and improving customer experience.

Development Support

Black high-risk business owners can now leverage BPN’s easy application programming interface, software development kit, and support for multiple programming languages.

Reduce Charge back Ratio

Our payment processing solutions have been designed specifically to reduce incidents of chargeback, thanks to world-class security tools.

Improved Security

We offer high-grade security systems that offer end-to-end encryption, tokenization, authentication, and layers of extra security and privacy options without interfering with conversion. This means reduced cart abandonments and improved sales.

Delayed Payment Capture

Thanks to our risk mitigation options, our payment processing system also has a delayed capture option which will freeze the funds on a customer’s card until you verify the transaction is valid.

Become a Member of The Black Payment Network

By becoming a member of our network, Black high-risk businesses can reap several benefits including:

  • More savings on credit card processing
  • Better opportunities for Blacks in fintech
  • Improved job and career opportunities for Blacks
  • Keeping Black money and profits in the neighborhood
  • Profiting HBCUs and Ts by donating 5% proceeds
  • Funding Black students for better business opportunities

Interested in our services? Reach out to us today to discuss your business with us.