Imagine you’re running a business in an industry that’s considered “high risk.” Maybe you’re selling something that’s controversial or your industry is prone to chargebacks and fraud. Either way, traditional payment processors might be hesitant to work with you because of the risks involved. That’s where high-risk merchant accounts come in – they’re specially designed to help businesses in these industries process payments and manage their financial transactions.
But just because you need a high-risk merchant account doesn’t mean you’ll automatically be approved for one. Credit score plays a big role in whether or not you’ll be able to secure a merchant account, and here’s why: payment processors want to know that they’re working with businesses that are financially stable and responsible. If you have a good credit score, it shows that you’re able to manage your finances well and are a low risk for payment issues.
On the other hand, if you have a bad credit score, payment processors might be hesitant to work with you because it indicates that you’ve had financial difficulties in the past. This can make it harder to secure a merchant account and could result in higher fees and less favorable payment terms if you do get approved.
So what are the features and benefits of a good vs. bad credit score when it comes to high-risk merchant accounts? Let’s take a look.

Benefits of a Good Credit Score for High-Risk Merchant Accounts
Having a good credit score can also open up opportunities for higher processing volumes and more favorable payment terms. Payment processors want to work with businesses that they believe have the potential to grow and succeed, and a good credit score can indicate that your business is financially stable and has room for growth.
On the flip side, a bad credit score can make it harder to secure a high-risk merchant account and could result in higher fees and less favorable payment terms. In addition to these financial consequences, a bad credit score can also harm your reputation and credibility as a business. Customers and partners might be hesitant to work with a business that’s had financial difficulties in the past, which can limit your opportunities for growth and success.
Consequences of a Bad Credit Score for High-Risk Merchant Accounts

If you have a bad credit score, don’t worry – there are still options available to you. Blue Wave Pay specializes in high-risk payment processing and can help businesses with bad credit scores secure payment processing and improve their credit over time. By partnering with a reputable and experienced payment processing company like Blue Wave Pay, businesses can gain access to the financial tools and resources they need to succeed, even in industries that are considered high risk.
In summary, credit score plays a crucial role in securing a high-risk merchant account and can have a significant impact on a business’s financial health and credibility. By working with a payment processing company like Blue Wave Pay, businesses can access the financial tools and resources they need to thrive, regardless of their credit score or industry.