Are you searching for European high-risk merchant accounts? At Corepay, we are a registered ISO with multiple banks across the E.U., providing merchant accounts worldwide. European banks often have a more flexible approach to approving high-risk businesses than U.S. banks, depending on the business type. Additionally, European interchange fees are generally lower than those in the United States, offering cost-saving benefits for merchants.
Whether your business specializes in eCommerce, CBD, online dating, adult entertainment, health & beauty, or vape, Corepay has the expertise to support your European merchant service needs. We ensure that your business can accept a wide range of European currencies, simplifying transactions for customers and increasing profitability.
Why Choose Corepay for Your High-Risk European Merchant Services?
Corepay provides merchant accounts tailored to the needs of high-risk businesses. With over two decades of experience, we offer competitive rates, transparent services, and exceptional customer support. Contact us today for a no-obligation rate comparison.
Benefits of Choosing Corepay
- Highly competitive rates
- Waived annual, setup, and application fees
- Our proprietary payment gateway – Netvalve
- Recurring billing support
- Increased approval ratios – accept payments globally while billing domestically
- Mobile payment acceptance
- Multiple payment methods
- Anti-fraud and chargeback tools (CB-ALERT)
- 24/7 customer service
What Is a Payment Gateway?
A payment gateway is a service that authorizes and processes payments for eCommerce, acting as a digital point of sale. Corepay’s proprietary gateway, Netvalve, is designed for high-volume eCommerce stores and features advanced anti-fraud tools, tokenization, and smart BIN routing. We also take a gateway-agnostic approach, ensuring seamless integration with your existing setup.
North American vs. European Merchant Accounts
Applying for U.S. merchant accounts can be challenging for high-risk businesses due to stringent regulations and competitive market conditions. Conversely, European banks often have fewer restrictions, making them a more favorable option for certain high-risk industries.
Key Differences
- European interchange fees are lower than U.S. fees (e.g., 0.96% in Europe vs. 1.76% in the U.S.).
- Approval times and customer service levels may vary depending on the bank and country.
- European banks often support more high-risk industries due to varied licensing requirements.
Average Interchange Fees by Country
- Czech Republic: 1.28%
- Germany: 1.13%
- Austria: 1.00%
- Denmark: 0.66%
- Belgium: 0.90%
- United States: 1.96%
- Canada: 1.78%
What Are European Merchant Accounts?
European merchant accounts enable businesses to accept payments globally, often with higher credit card approval ratios for European customers. These accounts support a wide range of payment methods, including local bank transfers, which are highly popular in Europe.
Key Benefits
- Lower interchange fees
- High processing capacity
- Global payment acceptance
- Support for high-risk industries
Applying for a European Merchant Account
Applying for a European merchant account is similar to the U.S. process but requires a meaningful presence in Europe. Corepay makes the application process seamless and guides you through each step. To speed up approval, provide comprehensive information about your business.
Requirements
- Photo ID of UBO/Director(s)
- European Articles of Incorporation/Association
- Proof of company bank account
- Payment processing history
- Company financial history
- Compliant website (clear refund/return policies)
High-Risk vs. Low-Risk European Merchant Accounts
Corepay specializes in high-risk merchant accounts for industries like adult entertainment, CBD, vape, and travel. We also provide low-risk payment processing for businesses with low chargeback ratios, strong financial history, and moderate processing volumes.
High-Risk Industries
- Adult merchants
- CBD merchants
- Vape and e-cigarette merchants
- Travel merchants
- eCommerce merchants
Low-Risk Qualifications
If your business operates in a low-risk industry, processes under $20,000 monthly, and maintains low chargeback ratios, you may qualify for low-risk solutions and rates.
What Underwriters Look For in European Merchant Accounts
Corepay’s underwriting process is completed at the time of application, ensuring transparency and efficiency. Key factors underwriters consider include:
- Business age
- Chargeback ratio
- Industry type
- Processing volume
- Payment history
- Financial history
- Website compliance
Increasing Profits with a European Merchant Account
A European merchant account allows you to accept payments globally, reduce fees, and boost sales. Corepay helps you implement alternative payment methods and anti-chargeback tools like CB-ALERT to maximize profitability.
Your Home for European Payment Processing
With over two decades of experience, Corepay offers reliable and transparent European payment processing solutions. Apply today, and we’ll guide you through the process to get your account approved quickly.
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