|Merchant Account Provider||Allows High-Risk Merchants?||Phone|
|No||0800 096 0025||Find out more »|
|No||0115 948 7624||Find out more »|
|No||08457 654 654||Find out more »|
|No||not listed||Find out more »|
|No||0800 731 8921||Find out more »|
|No||0800 056 8669||Find out more »|
|No||0800 61 61 61||Find out more »|
|No||08457 034 567||Find out more »|
A merchant account is a special bank account that can receive money from credit card and debit card payments. It is different from your normal business bank account and doesn't need to be with the same bank.
You'll sometimes hear the term 'Internet merchant account', or IMA. This is a merchant account that can be used to receive online payments.
Your merchant account has a unique identifier that banks use to identify it. This is called your merchant ID or MID.
Some types of businesses are considered by banks to be riskier than others.
For example, businesses that sell tickets for events provided by another company are considered high-risk because they might sell lots of tickets, then shut down before the event organisers have been paid.
Acquiring banks consider some business sectors to be high-risk for various reasons. If you're having trouble getting a merchant account with Streamline or one of the high street banks, you may like to try getting a high-risk merchant account.