Adyen Alternatives For High-Risk Merchants

Last Updated on September 23, 2024 by Corepay

Created in 2006, Adyen has made a name for itself in the payment processing industry. It is recognized for its comprehensive solutions tailored to low—to medium-risk merchants. However, many high-risk businesses encounter unique challenges that require specialized payment processing. If you’re looking for alternatives to Adyen for high-risk processing, we will break down the best alternatives and explain why we believe we’re the top choice.

Key Takeaways

• We believe we are the top alternative to Ayden for high-risk merchants
• Adyen primarily serves low to medium-risk sectors, which may not be ideal for all business models
• High-risk merchants face many challenges that low-risk merchants don’t

What Is Adyen

Adyen is a global payment platform that offers a wide array of services designed for various businesses. While they excel in catering to low to medium-risk accounts, their offerings may not fully address the needs of high-risk merchants.

Adyen Overview

Adyen was founded in 2006 in Amsterdam, Netherlands. The company was established by a group of entrepreneurs, including Pieter van der Does and Arnout Schuijff, who aimed to simplify and enhance the payment processing experience for businesses.

Adyen quickly grew to become a global leader in payment solutions, providing a unified platform that enables merchants to accept various payment methods across multiple channels, including online, mobile, and in-store. Its innovative approach and commitment to transparency helped it gain traction among businesses of all sizes, making it a significant player in the global payments landscape.

Industries Served by Adyen

Adyen supports a diverse range of sectors, focusing mainly on:

• Retail
• E-commerce
• Travel and Hospitality
• Restaurants

Here is a list of prohibited and restricted merchants for Adyen.

Pricing Structure

Adyen’s fees typically involve transaction charges, monthly fees, and additional costs that depend on the merchant’s processing volume. Although their pricing is competitive for low to medium-risk industries, high-risk businesses might discover more favorable options elsewhere.

Advantages of Adyen

• Comprehensive payment solutions
• Intuitive user interface
• Support for multiple currencies

Disadvantages of Adyen

• Limited support for high-risk sectors
• Customer service can be variable

Alternatives to Adyen

If you’re looking for suitable alternatives to Adyen for high-risk payment processing, here’s out top choices.

Corepay

Corepay specializes in payment solutions designed specifically for high-risk businesses. With over two decades of experience, we provide competitive rates and robust security features, ensuring a seamless processing experience.

Benefits of Corepay:

• Competitive pricing
• Quick in-house pre-approval
• Capacity for high-volume transactions
• Strong security measures
• No hidden fees
• 24/7 customer support
• Chargeback management solutions

Drawbacks of Corepay:

• Possible approval time from the acquiring bank

CCBill

Founded in 1998, CCBill is well-known for its expertise in high-risk payment processing. They provide comprehensive tools for subscription management and recurring billing.

Pros of CCBill:

• Ideal for high-risk sectors
• Transparent fixed-rate pricing

Cons of CCBill:

• Higher processing fees
• Rolling reserves may be required

Verotel

Established in 1998, Verotel specializes in high-risk markets, offering a secure payment gateway with various payment options and currencies.

Pros of Verotel:

• Versatile payment options
• Advanced fraud protection

Cons of Verotel:

• Higher processing fees
• Complicated fee structure

Why We Believe We Are The Best Alternative To Adyen For High-Risk

• Cost-Effective Pricing Structure: We provide competitive processing rates designed for high-risk businesses.
• Rapid Approval Process: Our streamlined onboarding allows for quick access, with approvals typically completed within 24-72 hours.
• High-Volume Transaction Capability: Our payment gateway is specifically built to handle substantial transaction volumes efficiently.
• Multi-Currency Support: We facilitate payments in various currencies, expanding your global reach.
• Robust Security Protocols: Our PCI-Level 1 secure payment gateway guarantees top-tier security for your transactions.
• Mobile Payment Integration: Accept payments seamlessly via mobile devices, catering to today’s tech-savvy consumers.
• Transparent Fee Structure: Enjoy a pricing model without application, setup, or annual fees, allowing you to concentrate on growth.
• 24/7 Customer Support: Our dedicated support team is always available to assist with any inquiries or concerns.

If you’re ready to find a dependable payment processing partner for your high-risk needs, Corepay is here to help you thrive.