2Accept is a specialized high risk merchant account that’s a great fit for high volume credit card processing across any industry that’s deemed high risk or difficult to process online.
Getting approved and finding the right processor for high-risk businesses that actually works for your industry can be one of the biggest challenges when running a high risk business.
Standard banks and payment processors will likely reject your business, which is why many high risk businesses have turned to alternative high risk merchant account providers.
So, is 2Accept the best fit for your high risk business?
Let’s dig in and take a closer look at this 2Accept merchant account provider to find out if they are worth considering for your high risk online credit card processing needs.
Inside this article review:
- Why your high risk business needs a specialized high risk processor
- What makes 2Accept different?
- Key features to look for in a high risk account provider
- Pricing & fees details
- Industries 2Accept works with
Why Your High Risk Business Needs A Specialized High Risk Processor
If you’re looking for a merchant account to process high risk transactions online, then you’re likely well aware of the challenges in finding a merchant account that even accepts high risk businesses.
Traditional banks and payment processors have a checklist of requirements that your business needs to meet in order to be approved as a high risk merchant. You’ll likely be faced with:
- Higher chargeback ratios
- Industry reputations
- Regulatory and compliance questions
- Transactional and volume fluctuations
Standard credit card processing banks are going to have a hard limit on the maximum chargeback ratio they will allow. This is usually around 1% max and many high risk industries are well above this. With chargeback rates that rose 8% in 2024, these concerns are only growing.
Businesses with a higher chargeback ratio will need a high risk payment processor that can work with your business to understand and maintain your industry specific chargeback ratio.
That’s where a specialized high risk credit card processor comes in.
What Makes 2accept Different?
2Accept is a different kind of high risk merchant account service. They’re focused on building long term relationships with businesses, not simply approving merchant accounts. In other words, 2Accept isn’t like your typical high risk merchant account providers that come and go.
Here’s what sets 2Accept apart:
- Dedicated merchant account management
- Long term relationship building
- Industry specific high risk solutions
- Transparent pricing
2Accept has built a reputation over the years as a merchant account provider that understands that ‘high risk’ doesn’t mean bad business.
They work hard to build and maintain long term business relationships by providing their customers with a combination of industry specific solutions, dedicated account management and merchant account pricing that is competitive and transparent.
Key Features To Look For In A High Risk Account Provider
Before we go any further in this 2Accept review, let’s first take a step back and understand what high risk merchants are going to need when working with a high risk merchant account provider.
Processing high risk online transactions will require a high risk processor with specific industry and high risk payment processing features that are built with your needs as a high risk merchant in mind.
#1 Multiple payment options and processing support
Running an online business and processing credit cards transactions requires flexibility in how you can accept payments. This means that any payment processor you work with should provide support for a number of different payment options.
Credit card, debit card, ACH payments, eCheck processing. This allows you to give your customers a variety of different ways to pay while maintaining compliance.
#2 Fraud prevention
Fraud prevention tools aren’t a ‘nice to have’ feature for high risk processors. When you’re processing in a high risk industry, fraud prevention is critical and must be part of your solution.
Advanced fraud detection tools and fraud prevention software will allow you to detect and prevent suspicious transactions before they become chargebacks.
Fraud prevention tools that use machine learning to proactively detect suspicious transactions can give your business a leg up when it comes to maintaining your account.
#3 Chargeback management support
Chargeback management is one of the most important tools that any high risk merchant can have in their arsenal.
2Accept provides chargeback management tools that work in concert with your fraud prevention tools and give you the power to respond quickly to disputed transactions.
The ability to gather and provide evidence, and push back against illegitimate chargebacks is essential for reducing your chargeback ratio.
#4 Integration capabilities with existing systems
The 2Accept high risk merchant account will need to integrate with your current infrastructure.
Whether you’re using Shopify, Woocommerce, WordPress or a custom built eCommerce solution, or shopping cart, the payment processor you choose needs to integrate with your system.
There’s no need to switch out your current setup just to get a different payment processor.
Support
This is where 2Accept shines.
You get a dedicated account manager assigned to you and your account. This is a 2Accept rep who is well versed in your business and understands your high risk processing needs and account history.
This is no 800 number that you call and get stuck in a queue hoping someone will call you back.
When you have a processing issue or problem, you contact your account manager directly and they work with you to get it sorted. On-demand dedicated support when you need it.
Transparent Pricing Details
High risk merchant accounts cost more than regular business accounts. That’s just the way it is.
So, let’s take a look at 2Accept’s pricing and fees.
2Accept pricing and fees structure
Transaction fees Monthly account fee Chargeback fees Setup fees
Of course, this is a basic outline of the fee structure for high risk accounts and exact pricing will be based on your industry vertical, monthly processing volume, average transaction value, and chargeback history.
However, and this is important, 2Accept is very upfront about their pricing and will work with you and your business to come up with a pricing structure that works for your business model.
This is not the type of pricing bait and switch that some other providers do, where they quote you a price and then once your account is set up, add hidden fees.
Industries 2Accept works with
High risk is in the eye of the beholder. 2Accept deals with industries and businesses that most traditional high risk merchant account providers turn away from.
Online gaming, CBD and nutraceuticals, adult and erotic industries, subscription services, travel agencies, forex and cryptocurrencies, eCommerce high risk businesses. 2Accept has made a name for themselves in a large number of industries that require the kind of specialized high risk payment processing services and support they can provide.
Approval process
Submit your application, provide your business documentation, they run their risk assessment on your application and works with their bank to find an acceptable fit.
Timeline will vary based on your business structure and complexity, but 2Accept is one of the most efficient companies in terms of processing turnaround.
Support
Support is important with a high risk processor more than any other type of business.
When you have a processing issue or transaction that needs immediate attention, you need to be able to get ahold of someone to resolve the issue.
Support is available during business hours and your account manager can be reached for urgent issues.
The Bottom Line:
So, what’s the verdict? Is 2Accept worth considering for your high risk merchant account?
2Accept checks the major boxes when it comes to the most important features for high risk merchants:
- Industry specific solutions
- Responsive customer support
- Transparent pricing model
- Long term partner approach to merchant account relationships
Are they perfect? Nope. No one is. But 2Accept has a long track record as a specialized high risk merchant account service that’s well worth considering.
If you’ve been rejected by your current high risk provider or have been rejected outright by traditional banks, then 2Accept is at least worth giving a shot.
In such a competitive high risk processing landscape, the most important criteria is whether a payment processor can really understand your business, provide effective fraud prevention and chargeback management solutions and stand behind their pricing and customer support.
2Accept has built their reputation on meeting and even exceeding these expectations.
