The pandemic has made many Americans realize the importance of investing in health, resulting in the nutraceuticals and the plant-based food revolution. This means that ISOs act as the middlemen between acquiring banks and the businesses that are looking for electronic payment processing solutions. The wrong choice can be costly. The bank assigns this number when a business applies for a merchant account with the processing service. 75. Adding secure bank transfers as a payment method on your checkout page boosts profits with no risk of chargebacks. 4 billion as of 2015, and is estimated to reach $204. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. First, on the high risk merchant list is nutraceuticals. Retail tobacco shops can generally find payment processing for their business with ease. under a license issued by a jurisdiction whose government has been identified by the U. Simply fill out the form below. This includes processing payments, managing customer accounts, and ensuring that payments are securely conducted. Benefits of a Kava Merchant Account Services. High-risk Nutraceutical Merchant Account. S. To comply with the FDA’s guidelines, nutraceutical companies must first apply for a high-risk nutraceutical merchant account. Getting a merchant account involves: 1. This is based on a small business with a physical office location. Nutraceutical merchants are first on the list of high-risk merchants. It serves as a list of blacklisted merchants and prevents them from opening a new merchant account from a different credit card processor than their previous institution. Here at Integral Pay, we have have a superior amount of knowledge on Nutraceutical Merchant Accounts and will work with our bank acquiring partners to give you the best. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. FintechMerchantAccounts works with nutra merchants understand how tough it can be for Nutra business owners like you to get approved for standard. As a high-risk specialist, EMB has years of experience in helping merchants other providers consider “too risky”, and. Even though there is no law against the Nutraceuticals businesses, but banks and merchant services don’t accommodate the Nutraceuticals business. The Best High-Risk Merchant Accounts of 2023. Payment processing companies provide merchant accounts easily. This way, you are denied any chance of getting your hands on a merchant processing account. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Account closure can lead to a negative track record, meaning fewer banks will accept future merchant account applications. It takes just a few minutes to complete. Just because nutraceutical businesses are considered high risk doesn’t mean they should be subjected to high merchant account fees. Visit our website and get to know more. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. . True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. One study showed the average value of a cash transaction was $22, compared to $112 for the average non-cash transaction in 2019. These banks offer merchant accounts to companies they consider safe bets. High volume Nutra merchant accounts are our specialty. HSBC. 4% + 0. 2405(j), (iii) located in or operating under a license issued by a jurisdiction. Merchant Account for Nutraceutical Products. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. That said, most high-risk payment processors will only approve merchant. British Columbia is a hub when it comes to cooperative banking. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. Check out our nutraceutical merchant accounts. 4 billion in 2013, domestically, collecting $55. This is the only solution for succeeding in the NUTRA business. Embrace efficiency and ease!Pricing for Vape Merchant Accounts. 8% + 0. A bank letter or a pre-printed voided check; 3 months of the most recent bank statements; 3 months of the most recent processing statements, if applicable;Call us Toll Free (866) 509-7199. We offer award-winning fraud and chargeback protection and have strong relationships with over 40 banks who work with high-risk merchants both in the United States and offshore. Chargeback Mitigation. Regardless of what your product is, nutraceutical merchant accounts are often assigned one of the following SIC codes: 2833: Medicinal Chemicals and Botanical Products. 1 billion. This has created a significant demand for online credit card sales and nutraceutical merchant account services. An ACH merchant account allows. The big tech companies are moving to Texas and there has been a lot of buzz about the Lone Star state being the next Silicon Valley. Businesses in high-risk industries like nutraceuticals may struggle to find affordable payment processing. Banks. APPLY NOW! Req. com works with a number of sponsor banks that provide both domestic and offshore high risk merchant accounts. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. A payment facilitator is responsible for a number of tasks. 3) US Signer – Typically a US resident with >50% ownership is the signer but LLCs can be “Manager-Managed”. See full list on merchantnegotiators. Domestic High-Risk Merchant Account Requirements: UK or US based. Integration Help. For instance, while there are other forms of nutraceuticals, some or many today consumers are likely to ask for fat-soluble nutraceutical supplements—unless they are after the vitamins in fat-soluble types like (B and C). Call you today to discuss our high risk ach processing programs. They’re so well-established in fact that they work with over 60,000 merchants. You should also build a network with banks and other financial sources so you have a consistent flow of funds whenever you need it. However, your business can be at high risk or those who have acquired a bad credit from the bank. The nutraceuticals marketplace is projected to hit over. Communication Is A Priority; Meet the Team;For a US merchant account, the merchant typically must have the following: 1) US Bank Account. com, know that nutraceutical merchant accounts are hard to come by. These banks are registered with specific card associations, like Visa, Mastercard, or American Express. International businesses selling their services and products within the US. Or Call: 800-993-6300. Due to the high-risk nature of the Nutraceutical business and higher risk associated with the products. They are the equivalent of direct deposit and direct debit in your bank account. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. Acquiring banks, who pay interchange to the issuing banks, decide whether or not to pass. It depends on the type of business the merchant operates. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. Nutraceutical-friendly merchant partners should be sought from the start. Has your nutraceutical company been denied a merchant account by a bank? TailoredPay can help. Fortunately, EMerchant Authority offers nutraceutical merchant processing services at an affordable price. This has led the banking industry to classify supplements and nutraceuticals as “high risk” sectors, which in turn requires a more thorough underwriting process before supplement merchants can open a merchant account. The accounts enable acceptance of payments from customers in the US and internationally. under a license issued by a jurisdiction whose government has been identified by the U. A processor connects to the merchant on behalf of an acquirer via. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. Overview; Our Partners;. South. Getting a merchant account involves: 1. 3% rate as required by the federal government for sale. Unfortunately, this leaves nutraceutical business owners. What Are Nutraceutical Merchant Accounts? A nutraceutical merchant account is required to accept and process card payments. Most e-cigarette merchant accounts use one of 2 pricing models; tiered pricing or cost-plus pricing, also known as interchange-plus pricing. The nutraceutical business is prone to chargebacks for an assortment of reasons, causing merchant accounts for Nutra organizations to be viewed as high risk by banks and regulatory bodies. As paper check writing declines, ACH payments are on the rise. 28 billion in 2019, according to Grand View Research. If you run a cash-only business, you can get away with not having a merchant account. Your nutraceutical merchant account could be slowly bleeding you dry and sucking out extra capital. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. . Accepting ACH payments gives your customers a trusted method of paying you. Organizations that deal with a large number of. C. We have the staff and experience to help you jump start your business in as little as 48 hours!. Without a merchant account, you will not be able to accept payment via credit card or debit card. Hence, enhanced. App. What is a Nutraceutical Merchant Account? Because banks typically deny funding and payment processing to this industry, more and more of these merchants are turning to alternative providers like eMerchantBroker. High-risk businesses typically operate in industries that are prone to chargebacks, fraud, and legal and regulatory complications, such as online gambling, adult entertainment, nutraceuticals, and e. With high chargebacks and continuity billing, some banks consider nutraceutical merchants too high of a risk. You’ll pay a 6% fee on the first $250 of that sale. The difficulty in getting account authorization with many banks for high-risk nutraceutical merchants in this sector forces them to look for a high-risk credit card processor. Free application with no obligation. Compliance Support. Skip to content. eMerchantBroker. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Accepting crypto payments is much easier than trying to get a card merchant account for cannabis. They can be used by businesses and consumers alike, and they make up a huge percentage of electronic transactions. DirectPayNet has high-risk merchant accounts for many industries like supplements, biz-op, subscription,. Banks and traditional. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. (250) 356-4544. Unfortunately, this high projection still does not ease the process of being approved for peptide merchant account services from banks. Why we like it: Square offers payment services based on a flat-rate processing model without a monthly. Nutraceutical Merchant Accounts; Tech Support; High Risk Merchant Accounts; Low Cost Credit Card Processing; CBD Merchant Accounts. a tax id number. It also includes other transactions such as refunds, rebills, and chargebacks between you, your acquiring and issuing bank, and your customers. If you sell supplements, diet pills, or. In addition, we can set up alternative payment methods such as ACH payments and E-checks. Allied Synergy Group provides affordable, reliable nutraceutical merchant account solutions with fast approvals. This also allows long-distance purchases which increases your chance of a sale. The sale of peptides online through the use of credit card payments is deemed high risk by many banks in the US. This is because we do not grade supplements and vitamins as high risk companies. Every merchant has a different ID number, much like every individual has their tax ID number. Apply Now. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. 6 billion by 2017. Bad credit merchant account. Nutraceutical Merchant Accounts. 855-562-ACH2; info@nationalach. 3. Even though there are no regulations against Nutraceuticals, big banks and traditional merchant services don't want to. One of an acquiring bank’s key roles is to deposit your funds from credit card sales into your merchant account. Multiple payment options. Documents. These can all be flags for a high risk merchant account. High Risk Nutraceutical Merchant Accounts. eDataPay can set your business up with a nutraceutical merchant account you can trust. Department of State as a sponsor of international terrorism under 22 U. High volume Nutra merchant accounts are our specialty. Department of State as a sponsor of international terrorism under 22 U. STEP 3: REGISTER FOR TAXES, OPEN A BUSINESS BANK ACCOUNT AND SET UP BUSINESS ACCOUNTING. 2) US Corporation. As a result, it is likely not possible to get a standard merchant account. Credit card processing for wholesale and. 15% with an added $. See Full List of Supported High Risk Industries This is because credit card processors only accept businesses that their sponsor banks permit in their underwriting instructions. These processors have invested time and resources into developing relationships with sponsor banks that allow them to work with high-risk and adult merchants. The best nutraceuticals merchant account. This replaced the old rates where the same payment would have cost $4. G et an offshore merchant account is a legal way to receive payments by credit card in your business abroad. Diversify your nutraceutical merchant accounts to mitigate risk. This isn’t just a struggle for someone new on. In 2018, seven democratic senators launched legislation to slow down the “revolving door” between major pharmaceutical firms and federal bureaus like the Drug Enforcement Administration (DEA) that control them. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. Merchants find it very. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. NationalACH specializes in payment processing accounts for high volume and high risk merchants that want the ability to accept payments directly from US customers’ bank accounts. As banks vary their risk appetites and credit policies, it’s becoming increasingly difficult to find banking partners that are willing to deal with nutraceutical companies not to mention start-ups with little to no. ACH payments for high volume or high risk merchant accounts. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. Same day ACH credits $3-5. There are a lot of steps to setting up a business. The potential of growth is thus ignored in favor of playing safe. Challenges that plague the supplement industry also put the owner's nutraceutical merchant account in danger of shut down. PayDiverse works closely alongside nutraceutical merchant accounts to avoid detrimental and unwarranted chargebacks, fraud and account closures. Sponsor Bank. Get started with Zen Payments. 3, 2019 • 0 likes. We offer: Retail Payments: We can help you process all types of retail payments, including credit cards, debit cards, and electronic checks. For more information, visit the PaymentCloud website or call (888) 506-7859. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. Call us Contact. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. With regulations on payment processing getting more strict, you will need a solution you can rely on. 2968 Jacklin Rd, Victoria, BC V9B 0A3 Get directions. 1. 95%. Buyers can use a WAAVE account to facilitate repeat purchases and get rewards 2. Many banks are also reluctant to partner with MLM companies. Department of State as a sponsor of international terrorism under 22 U. We offer a fee structure that is 25% less than the competition and we get those fee reductions for most of our high-risk nutraceutical merchant accounts. It can be any kinds of foods or supplements that can be considered medically or functionally beneficial to ones body. 770-690-8369. Integrated fraud protection and alerts. S. Banks will avoid your nutraceutical company while CWBPAY specializes in your nutraceutical company. Products. 2nd Fl - 707 Fort St. Square’s current transaction fees for CBD payments range from 3. nutraceutical industry steadily increasing from $34. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. About Us Contact Us Blog. Department of State as a sponsor of international terrorism under 22 U. If you have multiple accounts with the same acquiring bank, your processing is at risk if the bank decides it will no longer process for nutra merchants. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. With a Nutraceutical Merchant Account from Patriot Bankcard, nutraceutical merchants are instantly able to process Visa and MasterCard transactions for their online Nutraceutical Merchant business. So if the banks are backing off how do you get approved for payment processing? You need to seek out a high risk merchant account provider that has bank sponsor relationships. For an instant quote on an Instabill nutraceutical merchant account, call us directly at 1-800-318-2713 or simply click the button to get started. Nutraceutical businesses are classified as high-risk, which makes them ineligible for merchant accounts at numerous sponsoring banks. ACH can be for both debit and credit transactions. 4 billion as of 2015, and is estimated to reach $204. The reason is that more and more people are looking into natural cures for their ailments. Diversify your nutraceutical merchant accounts to mitigate risk. Our Bank and Processor have worked within federal regulations to create the first traditional card processing solution for the industry. There are nearly 40 authorized credit unions operating in the province today, with some of them. This alert system helps keep. Obtaining nutraceutical credit card processing is a challenge sellers face. Same Day ACH. Built-in virtual terminal. Durango Merchant Services: Best for highest-risk businesses. Many customers are simply dissatisfied with the effects of the products and opt for returns, meaning that nutraceutical companies suffer from higher-than-average chargeback rates. But. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. Securing a merchant account for your adult business, for instance. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Services. Our merchant account managers offer expert advice and guidance throughout the relationship of your account. Therefore, they reject nutraceutical retailers. Why is it so? They deal directly with the trusted banks. Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. 2405(j), (iii) located in or operating under a license issued by a jurisdiction that. For an instant quote on an Instabill nutraceutical merchant account, call us directly at 1-800-318-2713 or simply click the button to get started. Free setup and zero upfront fees. com; About Us; What We Do; FAQ; Blog; Partners; Rates; Contact; Application;. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. S. These businesses are often rejected by standard merchant accounts because of the risk to banks. APPLY NOW! Req. And More…. 0 data. There are two main reasons for this. The sponsor bank is a key component in the payment process, responsible for transmitting funds to the merchant A business that accepts credit cards for goods or services. Nutraceutical products are increasingly becoming more and more popular all over the world. eChecks. 25. COVID-19 changed cash for good. If you run a cash-only business, you can get away with not having a merchant account. Nutra products range from oral supplements to teas, tinctures and salves. accounts for nutra businesses to be considered high risk by banks and regulatory bodies. There are payment processors who specialize in high-risk merchant accounts. Accept Payments Today. As a rule, nutraceuticals use the following NAICS code:. It is loose, and it is unregulated. The American nutraceutical market is expected to grow up to. C. With technological advances, the payment services industry has evolved, with payment processors offering merchants new platforms to accept payments. The supplement industry is booming with an ever-increasing demand for…Nutraceutical businesses are classified as high-risk, which makes them ineligible for merchant accounts at numerous sponsoring banks. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. A nutraceutical merchant account is a type of merchant account that is specifically designed for businesses that sell nutraceutical products, such as dietary supplements, vitamins, and other health-related products. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. 06 billion (2018) to $49. The merchant ID is used for a variety. Dating Merchant Accounts. Gunbroker will charge you a 3% fee on the second $250 of that sale. Retail Payments. 2371 or 50 U. Â Nutraceutical Product For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. ARE YOU IN NEED OF SUPPLEMENTAL CREDIT CARD PROCESSING FOR YOUR. F 305. Choosing the right merchant account processing solution is a critical decision for businesses. Users can also take advantage of the tax-deferred growth offered by the account. App. co specializes in sourcing merchant accounts for difficult-to-place nutraceutical merchants. top of page. With a supplement and nutraceutical merchant account, accept credit cards online, in store or over the phone with next day funding. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide “bad credit” merchants with stable, effective, long term credit card processing solutions. Safe payment is made directly from the consumer’s bank which authenticates the buyer during the transaction and informs the merchant of authorization. S. Nutraceutical products are normally classified as high-risk. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. That is because these challenges also create increased risk for the banks and processors who would serve the industry. COVID-19 changed cash for good. , Schaumburg, Illinois, and is headquartered at 2985 E Hillcrest Dr #209, Thousand Oaks, California. Nutraceutical Merchant Accounts and how to aquire them. High Risk Nutraceutical Integrations. Nutraceutical businesses are classified. You need to consider where to get your main financing and if your capital can sustain the day to day operational cost until you see revenue. 2. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. An R20 non-transaction account offers users a range of tax benefits. NUTRACEUTICALSNutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. Merchant accounts can be used in various ways, whether the merchant operates a storefront or the business accepts credit cards through a card-not-present (CNP) environment. Find a reliable PSP. We carefully combine high-quality services with low prices to further our goal of becoming the leading high-risk merchant account provider in the country. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. With an offshore merchant account, it’s easier to process credit card payments under major companies like Mastercard and Visa. Because nutraceutical vendors are considered high risk merchants, accepting card payments can be a challenge; but not being able to accept these payment methods will almost certainly stifle the growth potential of the business and. all the signers to the account. Durango Merchant Services for Telemedicine Merchant Accounts. Its expertise helps merchants in getting a well-suited payment processing service to the. For banks, deciding to sponsor payment facilitators (often called Payfacs) is a balance of risks and rewards. This has left numerous organizer or. Chargebacks: The 411. S. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. High-Risk Gateways is in the market for a long time providing service to high-risk merchants. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. government regulates nutraceutical businesses, which means these. Domestic and international solutions with no contracts, low rates and next day funding. A high-risk merchant account will accept the risk and allow you to process credit cards. Although that's great news, some business entities don't want to allow these types of sales. The broker helps the business owner access funding sources such as loans, lines of credit and business credit cards. This prohibition can be for several things, including the owner’s financials or credit background to the sales history, transaction types, or industry that the business operates within. In fact, many banks have. Even if a traditional bank is willing to provide you with a merchant account, the fact that it considers your business to be high risk does not change. Contact Information Compliancy Nutra and Supplements Merchant Account. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Factors such as fees, security, customer support, and compatibility with your business model must be. fees. UniBul’s Nutraceutical Merchant Account. They do not control the GNF themselves. Nutraceutical businesses can be very profitable. 5% plus 15 cents for manually keyed transactions. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. The requirements for keeping the account will be more stringent and the maximum chargeback rate will be lower than for other, lower-risk businesses. C. Business dealing in such products is categorized as high-risk business and most conventional banks and merchant processors will not. The nutraceutical industry is prone to chargebacks for a variety of reasons, causing merchant A business that accepts credit cards for goods or services. S. Tip: If your business runs on a continuity model, it’s best to sign up for a high-risk merchant account for seamless credit card transactions. Nutraceutical merchant services are not all created equal. Call Us: +1 (800) 530-2444. The bad news is they demand a wide range of documents. It’s undeniable that the nutraceutical market goes on growing at a rapid pace. ACH. Victoria, BC V8W 3G3. com. . Both. Need a bank account?A collection agency merchant account is essential to process payments in this unique industry. Accept credit card payments online hassle-free. Without a mer. Overcome the toughest of merchant challenges & disapprovals. Membership. The CHIPS network settles over a trillion USD per day, including about 250,000 interbank payments. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. Low conversions equally affect how an acquiring bank sees your ability to generate revenue and meet monthly sales targets. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. 50% and an authorization. High Risk Merchant Account;Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Host Merchant Services: Best for large high-risk businesses. Get in touch: (877)-511-3402. S. We do the rest. Nutraceuticals are divided into three distinctive categories: functional food (probiotics, nuts, tomato products, yogurt), functional beverages (sports drinks), and dietary supplements (vitamins, minerals. 50 in interchange for a $200 transaction. It is a privately held clearing house owned by less than 50 banks. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Apply for a high-risk merchant account! The Nutraceutical industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. Secure online payments with bank transfers are like cash payments and cannot be charged back. A merchant account is a type of bank account that enables businesses to accept and process digital payments, such as credit and debit card transactions. net. You need EMB. App. Learn the differences to keep your high risk merchant account up and running. services that are. The sponsor bank is responsible for getting the funds to the merchant and. Looking for a bank on your own is a lost cause. S. 5 million for the same quarter. However, it is crucial to partner with a. 503. Free setup and zero upfront fees. No problem! Talk to a SeamlessChex representative today to see if a nutraceutical merchant account is right for you! Nutraceutical Merchant Account Solutions Made. As a result, the websites of nutraceutical and supplement merchants must be constantly monitored. Making an application for a High-Risk Merchant Account. 00 USD. Nutraceutical businesses can get fast approvals for high risk payment solutions with Revitpay. under a license issued by a jurisdiction whose government has been identified by the U. If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account. 2405(j), (iii) located in or operating under a license issued by a jurisdiction.