High Risk Payment Solutions for Woocommerce

A high risk payment gateway for Woocommerce is a payment processing tool designed specifically for ecommerce merchants operating in high risk industries. Whether you sell CBD products, adult items, or firearms, a custom Woocommerce gateway enables you to accept online credit card transactions securely.

Finding the Best Payment Gateway for Woocommerce

Choosing the right payment gateway for Woocommerce can be challenging, especially within your unique vertical. Many websites are considered high risk because they offer adult products or other mature items such as firearms or smoking accessories. However, Zen Payments stands out as the best payment gateway for Woocommerce.

With seamless integrations and user-friendly payment features, Zen Payments helps you manage transactions quickly and efficiently. They collaborate with numerous technology partners to provide you with the best gateway solutions on the market, tailoring their services to meet your specific business needs.

Credit Card Processing with Woocommerce

Woocommerce offers various options for accepting credit card payments. However, some major payment providers may have restrictions on selling certain types of products through their gateway. It is crucial to review the Terms and Conditions of each processing option they offer.

WooCommerce Payments, their in-house payment provider, functions similarly to Shopify Payments. By extending their platform tools to include a credit card processor, they can monitor and have full control over transactions on your website. While the benefit is quick approval, it is important to be cautious as they may audit your high risk store and potentially shut it down.

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Identifying Industries Classified as High Risk for Woocommerce

Similar to other payment processors, Woocommerce evaluates your merchant account based on their own set of standards. Even if they initially approve your account, they may close it later if it does not comply with their regulations. For instance, they rely on high risk payment partners to onboard CBD product sites. But what other types of businesses are considered high risk?

Here is a list of industries categorized as high risk by Woocommerce. If your business falls within any of these verticals, it is advisable to reach out to a payment gateway provider who specializes in high risk accounts:

  1. CBD – If you sell products containing hemp-based extracts, you will require a separate merchant provider. Reach out to Zen Payments to begin the application process for a CBD payment gateway on Woocommerce.
  2. Adult – The adult industry, encompassing streaming, videos, books, and toys, is considered high risk in terms of payment processing. Although many adult items may gain quick approval, streaming services can be more challenging.
  3. Subscription – Offering recurring monthly billing for subscription box products can sometimes increase chargeback rates, which can pose challenges for processing companies.
  4. Firearms – Selling weapons and guns involves age restrictions and potential harm. As a vendor, you will need specific certifications and a compatible gateway to sell items and accept online payments.
  5. Nutraceuticals – Health supplements and other dietary products that are not always FDA approved fall into this category. Additionally, the continuity billing model can elevate the risk level when banks evaluate your merchant account.
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Supported Payment Processors by Woocommerce

Woocommerce collaborates with several reputable payment processors, including Stripe, Paypal, Square, and others. Each payment processor has its own gateway and online checkout interface, facilitating the exchange of funds after purchases. As a business owner, you can choose the payment gateway that suits your needs by visiting Woocommerce’s payment gateways extension page for online payments.

It is important to note that the top credit card processors for Woocommerce are not high risk merchant account providers. These companies, also known as aggregate merchant accounts, consolidate payments to mitigate risk. While this allows them to approve high risk merchant accounts instantly, they may later close them after conducting audits on your websites.

CBD Payment Gateway for Woocommerce

A CBD payment gateway for Woocommerce connects directly to your merchant account, enabling credit card processing specifically for CBD companies. This integration exists as a third-party tool and is not directly associated with Woocommerce regulations. If you operate a CBD business, you can collaborate with a high risk processor who will connect your merchant account to a gateway designed for CBD transactions.

How Does Woocommerce Work?

Woocommerce serves as a comprehensive shopping cart platform that assists new companies in effortlessly building websites. Similar to Shopify, Woocommerce provides a wide range of tools and features to help new business owners create their online stores. From product page creation to seamless integration with merchant accounts, Woocommerce has everything you need to thrive.