If your business is listed below, you are a high-risk merchant and you may find it difficult to obtain merchant services with regular merchant providers. Novus Pay has access to over 300 high-risk payment providers worldwide. We have several payment options for high-risk industries.
In most cases our payment providers will charge higher processing and transaction fees. They may also insist on longer settlement times, deposits, rolling reserves with regular monitoring on how the account is managed to ensure security and customer protection. Over time the rates can be lowered and so can the security based on the management of the merchant account.
At Novus Pay we work with payment providers who understand the nature of your industry, the company structures you operate under and your business model.
We can also assist new start-up businesses and companies who may have adverse credit.