We help high risk merchants with ACH processing.
We are full service payment consultants and brokers of ACH processing accounts. We specialize in the higher risk merchant types, and especially business lenders (we have more business lender clients than any other types). We have relationships with several of the most trusted processors to high risk merchant types and can help you get approved for one or more accounts. We know which processors will accept certain merchant types based on underwriting criteria and which ones won’t accept – so when you work with us, you don’t have to waste as much time getting declined at a bunch of places. Don’t waste time floundering – get an advocate on your side that will help make the process of getting new ACH processing accounts easier than it would have been otherwise. We are like the “easy button” for high risk ACH debit and credit payments.
To make the process easy, we start with the “pre-app” and your last three to six months of processing and bank statements. With this in hand, we contact our processing partners (typically the President or VP level) to have them do a preliminary review. They will look at chargeback rates and volumes and look at your website – and if all looks good, then one or more will invite you to apply. Each processor has their own application but all will require the same supporting documentation (more on that below).
For high risk processing, the pricing proposal is always after the full application is accepted by underwriting as complete. Underwriting typically takes a couple days once all the required documents are all submitted together in one package (like a .zip file).
Then if accepted, each processor will present the pricing (think of this like a proposal) and our clients can choose the offers they like best.
We typically always recommend having at least two ACH processing accounts – that way, “just in case” anything were to happen with one account, you already have another account.
With ACH processing, the designation of “High Risk” can be a result of your business type but also because you have a large average transaction amount (typically >$1500). If a payments processor professional has told you that your business type is high risk, then it probably is. Regardless of why your business is considered high risk, it is possible to get an account – and while we cannot help all clients, we do have a pretty good success rate for clients that can submit a “full application package”. We work with a diverse client base but do a lot of work with legal and licensed short term consumer lenders with brick and mortar stores that follow state usury laws and help business lender merchant cash advance business funding clients.
If you are tired of getting declined and want a friend in the processing business, then contact us. Our goals are perfectly aligned with yours – we don’t get paid if we don’t help our clients get approved and start processing. There are no costs to apply or work with Prineta. We are independent agents with nearly a dozen ACH processors so we set up accounts directly with each processor and earn a small commission on the backend for bringing them the account. So its really a no cost, no risk proposition for clients of Prineta.
Use the form at the bottom of the page to contact us about ACH processing. Include your website URL and we will email you back.