If you need to open a merchant account quickly, then you are in luck. Instabill has some new solutions that offer fast approvals for high risk merchant accounts. These high risk solutions are perfect for merchants working in e-commerce industries such as nutraceuticals, herbal supplements, licensed pharmacies, MLM, e-cigarettes, and file sharing and downloads.
We have a wide range of solutions for our high risk merchant accounts. Depending on where you are willing to incorporate your business, you will be able to accept some or all of the major card brands. These include Visa, Visa Electron, American Express, Diners Club, Discover, JCB International, and China UnionPay.
Since most of our merchants sell internationally, we have developed our payment gateway to support more than 160 currencies. Some of the most popular currencies we process include US dollars, British pounds, euros, and Japanese yen.
With high risk merchant accounts, we typically issue payouts weekly or every other week. However, your acquiring bank will determine your payout schedule based on your individual business. Regardless of when you receive payouts, you can rest assured that you will receive your wire transfer on time, every time, and to the business bank account of your choice.
You can even switch your business bank account where you receive your payouts quickly and easily. All you have to do is request an Instabill Bank Account Change Form from our Finance Department.
Speedy approvals do not mean our underwriters speed through the due diligence process. We still perform the same background checks and require merchants to submit the same documents. What makes the approval process so much faster is the responses we get from our banking partners.
To learn more about our high risk merchant accounts, contact us online or call 1-800-318-2713. We will connect you with a dedicated merchant account expert who will have your business up and processing in no time!