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Best Payment Gateway for High-Risk Businesses in 2024

Payment Gateway for High-Risk Businesses

In one of our previous articles, we listed the top concerns about choosing the payment gateway for your business. Payment processing varies significantly for businesses categorized as high-risk versus low-risk, a crucial factor to consider when selecting a processor. High-risk businesses are prone to encountering higher instances of fraud, chargebacks, and returns, necessitating the need for a trustworthy and secure processing partner.

Specialized high-risk processing companies excel in addressing the unique challenges faced by such industries. They offer sophisticated anti-fraud and anti-chargeback solutions and possess a deep understanding of the specific requirements of high-risk sectors. In this guide, we delve into the intricacies of high-risk categorization, shed light on the associated challenges, and provide insights into evaluating a company’s ability to navigate them. Additionally, we unveil some examples of high-risk processing companies currently dominating the market.



Paykassma stands out as a premier high-risk payment gateway serving the regions of Asia and Africa. Renowned for its sterling reputation in driving guaranteed conversion growth and boasting the most reliable infrastructure in the industry. Since its establishment in 2019, Paykassma has been at the forefront of providing payment processing services tailored for high-risk projects. Proudly serving a diverse clientele of over 150 global leaders spanning various sectors including gambling, betting, forex, binary options, and edtech.

The cornerstone of Paykassma’s success lies in its unparalleled loading speed of payment forms and an exceptional 99.9% payment success rate. Resulting in a remarkable boost in conversion rates of up to 20% for websites that leverage its services. When searching for the best high-risk merchant accounts in regions like India or Bangladesh. It’s imperative to consider the provider’s infrastructure prowess.

In terms of infrastructure, Paykassma sets itself apart from competitors by offering access to over 100 popular payment methods across multiple markets including India, Bangladesh, Indonesia, Vietnam, and South Africa through a single integration. Furthermore, Paykassma’s robust network infrastructure enables seamless scaling of volumes of any magnitude. Earned accolades from industry giants such as casinos, betting platforms, and trading companies. Who recognize Paykassma as the top high-risk payment processor in countries like India, Bangladesh, Indonesia, and Vietnam.

From a security standpoint, Paykassma adheres rigorously to industry standards. Boasting full compliance with PCI DSS and all local regulations, ensuring a safe and secure payment environment for both merchants and customers alike. With its proven track record and unwavering commitment to excellence, Paykassma emerges as the definitive choice for high-risk payment gateway solutions across India, Bangladesh, and beyond, garnering a perfect 10/10 recommendation from satisfied users.



Ikajo has built a solid reputation as a trusted payment processor since its inception in 2004. With a diverse array of payment solutions developed over the years, Ikajo now caters to nearly every high-risk business sector. Offering individually tailored solutions for merchants not covered under conventional categories. The company boasts an extensive network of over 100 payment methods, including local options, and maintains relationships with more than 60 reputable banks worldwide, spanning Europe, China, and the CIS region.

One of Ikajo’s standout features is its global payout capabilities, ensuring seamless transactions for merchants across borders. The onboarding process for merchants is swift and hassle-free, facilitated by API rest/API soap and HPP integration options. Moreover, Ikajo’s innovative fraud prevention solution, Charge Advisor, shields high-risk businesses from fraudulent activities, enhancing security and peace of mind.

Key highlights of Ikajo’s infrastructure include:

  • PCI DSS 1st Level compliance
  • Certification by PCI 3DS (1.0 and 2.0)
  • Support for over 100 currencies
  • Comprehensive chargeback and fraud prevention measures
  • Free recurring billing functionality
  • Round-the-clock customer support
  • Mobile banking capabilities

With its robust infrastructure, proactive fraud prevention measures, and commitment to customer satisfaction. Ikajo emerges as a reliable partner for high-risk businesses seeking secure and efficient payment processing solutions.

SMB Global

SMB Global

SMB Global is a trusted partner for high-risk merchants worldwide. Offering seamless payment processing solutions for credit cards, ACH, and eChecks. With a specialization in industries like travel and other high-risk sectors. SMB Global collaborates with a network of over a dozen banks globally to secure the best transaction rates tailored to your business needs. Moreover, you have the flexibility to choose between two reputable payment gateway solutions, Network Merchants Inc. or, depending on your preferences.

SMB Global serves high-risk merchants across various industries, including:

  • Travel
  • Debt consolidation
  • Auto Transport
  • Furniture
  • E-cigarettes and tobacco
  • Nutraceuticals and herbal supplements

If you operate a static or mobile storefront and require in-person payment acceptance capabilities. SMB Global offers the possibility of obtaining a complimentary EMV terminal or mobile reader, providing added value to your business. This is particularly beneficial considering the high cost associated with standalone card readers.

Who should consider SMB Global?

As its name suggests, SMB Global is ideally suited for high-risk businesses with an international clientele seeking reliable payment processing solutions.



Flutterwave stands out as a versatile payment processor catering to a diverse array of business industries. With a comprehensive suite of solutions, Flutterwave empowers merchants to accept payments in over 150 currencies through multiple payment channels, facilitating business expansion across borders. Additionally, the platform supports the integration of local payment methods, enhancing convenience for customers worldwide.

Ensuring utmost security and protection against fraud, Flutterwave implements end-to-end encryption for all data transmissions. The company also offers robust KYC verification capabilities, enabling merchants to verify customer identities seamlessly. Whether it’s one-time payments or recurring transactions through payment plans or card token integration, Flutterwave provides flexible payment solutions tailored to business needs.

Flutterwave boasts a dedicated support team readily available to address merchant inquiries and concerns. Moreover, the platform is equipped with built-in compliance measures, ensuring adherence to industry standards and regulations.

Key features of Flutter Wave’s infrastructure include:

  • PA DSS and PCI DSS Compliance
  • Support for over 15 payment options
  • Seamless API integration
  • Availability of SDKs and Plugins
  • Capability to accept EMV chip and QR payments

With its robust infrastructure, comprehensive features, and commitment to customer satisfaction, Flutterwave emerges as a preferred choice for merchants seeking reliable and scalable payment processing solutions.

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