High Risk Merchant Account. Best High Risk Credit Card Processing Providers - Apr 2014

RANK COMPANY NAME YEAR FOUNDED REVENUE FULL TIME EMPLOYEES ACTIVE CLIENTS CLIENT RETENTION RATE PRICING CLIENTS Overall Score Composite score based on criterias and quality of work observed.
0100
GVGE
Competitive Rates Processor's ability to provide competitive pricing rates. Reliability Processor's overall reliability in service and processing. Efficiency Processor's overall ability to provide an efficient service with the least amount of inconvenience. Security Processor's overall security and care for customer information and accounts. Customer Support Processor's ability to communicate effectively with their customers. Change in Rank Indicates shift in rank from previous month's rank.
1st Award
eMerchantBroker.com

Los Angeles, California Blair Thomas 800-621-4893_ Visit eMerchantBroker.com File A Complaint
Commend This Vendor
2010 $10 - $50 million 11 - 25 2000 96% 99% Confidential
100%
100 100 100 100 100 NC More Info
2nd Award
Guardian Data Systems

VANCOUVER, Washington Lance Ott 888-900-0420_ Visit Guardian Data Systems File A Complaint
Commend This Vendor
2008 $10 - $50 million 11 - 25 3000+ 97% 99% Confidential
99.8%
100 100 100 99 100 NC More Info
3rd Award
Merchants Bancard, Inc. (MBN)

Valencia, California Jerry Cain 877-771-4629_ Visit Merchants Bancard, Inc. (MBN) File A Complaint
Commend This Vendor
1988 Over $100 million 26 - 50 10,500+ 96% 98% Confidential
99.6%
99 100 100 99 100 NC More Info
4
Credit Card Processing Specialists

Grandville, Michigan Mike Konig 877-554-5853_ Visit Credit Card Processing Specialists File A Complaint
Commend This Vendor
2010 $1 - $10 million 26 - 50 1,000+ 98% 99% Ace Hardware, Discovery Network, South Central Pallets, Advance Auto Parts, Main Street Technologies
99.4%
100 98 100 99 100 NC More Info
5
360 Payment Solutions, Inc.

San Jose, California Lisa Coyle 408-295-8360_ Visit 360 Payment Solutions, Inc. File A Complaint
Commend This Vendor
2013 $1 - $10 million 11 - 25 50+ 96% 0% Sturken Automotive, 55 South Restaurant, Dynamic Sport & Social Club
99.2%
99 100 99 100 98 - More Info
6
NationalACH.com

Carson City, Nevada Confidential 888-717-8237_ Visit NationalACH.com File A Complaint
Commend This Vendor
2002 $50 - $100 million 26 - 50 55 92% 98% Confidential
99%
98 99 100 98 100 NC More Info
7
First Data Corporation

Greenwood Village, Georgia Jonathan J. Judge 303-488-8000_ Visit First Data Corporation File A Complaint
Commend This Vendor
1989 Over $100 million Above 100 10,000+ 90% 98% estarstation.com, valuelink.biz
98.8%
98 99 98 99 100 NC More Info
8
Ezic

Vernon Hills, Illinois Fredrik Sjoholm 847-327-9870_ Visit Ezic File A Complaint
Commend This Vendor
2000 $50 - $100 million 1 - 10 76 91% 98% First Data Nashville, irst Data Omaha, Global Payments, Elavon Corporation, TSYS Acquiring Solutions
98.6%
99 97 99 98 100 NC More Info
9
High Risk Choice

Lewes, Delaware Tom Krygier 888-958-1435_ Visit High Risk Choice File A Complaint
Commend This Vendor
2008 Over $100 million 26 - 50 650 99% 98% Confidential
98.2%
100 98 99 98 96 NC More Info
10
Regions Bank

Birmingham, Alabama Connie Livingston 800-734-4667_ Visit Regions Bank File A Complaint
Commend This Vendor
2006 $10 - $50 million 1 - 10 65 93% 98% Confidential
98%
96 99 98 100 97 NC More Info
11
Credit Card System Service - CCSS

Bronx, New York Lynn Hidalgo 866-364-2233_ Visit Credit Card System Service - CCSS File A Complaint
Commend This Vendor
2003 $1 - $10 million 1 - 10 72 91% 98% Confidential
97.6%
95 99 96 100 98 NC More Info
12
Worldwide Merchant Services

Westlake Village, California Bob Peisner 800-847-2662_ Visit Worldwide Merchant Services File A Complaint
Commend This Vendor
1987 $10 - $50 million 1 - 10 100+ 92% 98% Confidential
97.2%
96 98 97 99 96 NC More Info
13
Paynetsecure.net

Carson City, Nevada Confidential 877-638-4320_ Visit Paynetsecure.net File A Complaint
Commend This Vendor
2007 $50 - $100 million 51 - 100 68 89% 98% Confidential
96.6%
99 96 95 96 97 NC More Info
14
eData Financial Group

Boca Raton, Florida Adam Elisha 888-864-5645_ Visit eData Financial Group File A Complaint
Commend This Vendor
2011 $1 - $10 million 1 - 10 1,000+ 91% 98% Confidential
96.2%
98 97 95 96 95 NC More Info
15
PPS Merchant Services

Lombard, Illinois Joel Hurley 866-752-9169_ Visit PPS Merchant Services File A Complaint
Commend This Vendor
2010 $1 - $10 million 1 - 10 64 87% 98% Confidential
95.8%
95 95 97 95 97 NC More Info
16
BankCard Central

North Kansas City, Missouri Richard Noble 800-331-8882 _ Visit BankCard Central File A Complaint
Commend This Vendor
1994 $10 - $50 million 11 - 25 100+ 91% 98% MarieBelle Chocolate, KRDC Inc., RK Productions, Ashitaka’s Legacy, Chinese date.org
93.6%
95 94 95 94 90 +4 More Info
17
Menexis.com

Philadelphia, Pennsylvania James Freeman 800-930-9498_ Visit Menexis.com File A Complaint
Commend This Vendor
2006 Over $100 million 1 - 10 100+ 93% 98% Confidential
93.4%
95 93 95 93 91 NC More Info
18
Electronic Payment Processing Solutions

Lake Worth, Florida Glen Mermer 561-655-3670_ Visit Electronic Payment Processing Solutions File A Complaint
Commend This Vendor
2010 Under $1 million 1 - 10 100+ 91% 98% Jimmy D Boynton Beach,FL, Daniel S Boca Raton,FL
92.6%
93 92 92 94 92 NC More Info
19
Top Edge Solutions

New York, New York Keith Symanski 877-751-3282_ Visit Top Edge Solutions File A Complaint
Commend This Vendor
2011 $1 - $10 million 11 - 25 71 92% 98% Confidential
93.4%
93 95 93 93 93 NC More Info
20
BankCard Central

North Kansas City, Missouri Richard Noble 800-331-8882 _ Visit BankCard Central File A Complaint
Commend This Vendor
1994 $10 - $50 million 11 - 25 100+ 91% 98% MarieBelle Chocolate, KRDC Inc., RK Productions, Ashitaka’s Legacy, Chinese date.org
93.6%
95 94 95 94 90 NC More Info
21
MegaM

Brooklyn, New York Miron Guilliadov 888-634-2657_ Visit MegaM File A Complaint
Commend This Vendor
2010 $50 - $100 million 26 - 50 44 92% 98% JR's POS Depot, Hypercom Corporation, MagTek, Aldelo
93.4%
95 93 95 93 91 NC More Info
22
American Verification Processing Solutions

Canoga Park, California Tiffany Segura 800-719-9198_ Visit American Verification Processing Solutions File A Complaint
Commend This Vendor
2001 $50 - $100 million 26 - 50 32 91% 98% Adams Art and Framing, Bill Pickard
92.6%
93 92 92 94 92 NC More Info
23
Kount

Boise, Idaho Bradley J. Wiskirchen 208-489-2701_ Visit Kount File A Complaint
Commend This Vendor
2007 $1 - $10 million 1 - 10 1,000+ 92% 98% LexisNexis, Targus info, Planet payment, zoovy, Lime Light
91.2%
90 90 92 91 93 NC More Info
24
Maverick BankCard, Inc.

Agoura Hills, California Alan Griefer 800-464-9777_ Visit Maverick BankCard, Inc. File A Complaint
Commend This Vendor
2000 $1 - $10 million 11 - 25 54 91% 98% Confidential
90.4%
92 89 87 92 92 NC More Info
25
Subuno

New York, New York Ed Lin 646-481-1296_ Visit Subuno File A Complaint
Commend This Vendor
2011 $1 - $10 million 1 - 10 64 93% 98% Confidential
89.8%
90 89 88 91 91 NC More Info
26
Merchant Services Consulting Group

Bradenton, Florida Gary Brudner 888-522-6537_ Visit Merchant Services Consulting Group File A Complaint
Commend This Vendor
1994 $10 - $50 million 11 - 25 1000+ 99% 99% Confidential
89%
89 89 89 90 88 NC More Info
27
Yellowstone Capital

New York, New York David Glass 855-972-2748_ Visit Yellowstone Capital File A Complaint
Commend This Vendor
2009 Under $1 million 1 - 10 50+ 95% 98% Revenue Systems Inc., Riverland LD&S, Inc., Charlotte Family Yoga Center, Raydar & Associates, Inc
88.2%
88 87 90 88 88 NC More Info
28
Petroleum Card Services

Minden, Nevada Cindy Fencl 866-427-7297_ Visit Petroleum Card Services File A Complaint
Commend This Vendor
2001 $10 - $50 million 26 - 50 100+ 90% 98% Confidential
87.6%
87 89 88 88 86 NC More Info
29
Fora Financial

NY, New York Elissa Feldman 877-514-8062_ Visit Fora Financial File A Complaint
Commend This Vendor
2008 $1 - $10 million 51 - 100 200 92% 98% Restaurant, NY, Nail Salon, FL, Automotive Repair Shop, NY
87%
87 84 88 88 88 NC More Info
30
High Risk Processor

Las Vegas, Nevada Jason Simms 702-454-0760_ Visit High Risk Processor File A Complaint
Commend This Vendor
2003 $10 - $50 million 26 - 50 32 92% 98% Confidential
86.4%
86 87 86 88 85 NC More Info

Evaluation Criteria for High Risk Processing

The independent authority on credit card processors, topcreditcardprocessors.com, is a research firm dedicated to identifying and ranking the best credit card processors in the United States. Through an in-depth vendor analysis, client evaluation, and the use of our proprietary evaluation criteria, we have put together a list of the top high risk payment processors. Our analysis delves into a vendor’s business practices and compares them against industry standards to ensure that the service is quality. Often times we connect directly to the clients of a vendor and ask about their overall experience.

There are five key areas which we have identified as significant for high risk payment processors:

Merchants must understand that high-risk processing companies typically charge more than the average processing company. The extra services and liability of processing high-risk transactions justifies the added expense. However, the merchant still needs to know the average market rate so they can determine whether they are being charged too much for their high-risk processing service. Having several options for payment and differing tiers depending on the level of service needed help to provide the merchant with greater value as well.

The reliability of the high-risk processing service gets evaluated based on the overall reliability of the system. Slightly slower transaction times should be expected, but the delay must be minimized to prevent losing customer business due to slow processing times. In general, a high level of uptime should be on a par with a regular processing company. While the speed of manual approvals may take additional time, the average transaction should be close to the speed of other automated processing systems. Low risk transactions may receive a pass, especially if the customer has ordered from the company before without issue. Delays should be expected for customers that have issued chargebacks or had payments returned for insufficient funds.

Communications must be encrypted and customer information absolutely has to be protected. Merchants expect secure systems that protect themselves and their clients from fraud and compromised systems. When evaluating the security of a system, look for companies that have undergone extensive evaluations by third-party security verification companies. Ask for information on any security breaches the company has experienced and what was done to manage, control and then prevent future breaches.

When a questionable transaction comes through, the high-risk processing service must have a system in place to notify the merchant and prevent shipment of goods or services. This helps prevent unauthorized transactions and puts the merchant in a position where they may lose money. Systems must have a solid infrastructure, security and an appropriate level of checks throughout the process to ensure a secure and efficient system.

Customer support provides an essential criterion for high-risk processing systems. Giving merchants the ability to contact support via email, online chat, telephone, fax or even an office they can walk in to adds an increased level of service and convenience for the merchant. Without adequate ways of contacting support for varying levels of transactions, the high-risk processing company risks receiving a poor evaluation. Email and ticket systems provide a way for merchants to quickly ask non-priority questions, while online chat and telephone conversations make it possible to get immediate support. Fax services also make it possible for the merchant to provide needed documentation.

General Queries

  • How did you find your current payment processor?
  • What other payment processors, if any, have you used?
  • How many transactions do you process per month?
  • What would be three things you would change about your experience?
  • Rate your overall experience (1-10; 10 being the highest).

 

Project Specific Queries :

  • What steps does the processor take to protect you against fraud?
  • How often do you run into potential issues?
  • What types of payments does the processor accept?
  • How long did it take for you to get accepted by the processor?
  • Has the service provider been able to reduce chargebacks? Other types of fraud or complications?