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Crypto

Finding a high-risk merchant account for crypto can be a complex process due to the unique regulatory and operational hurdles associated with digital assets. While the demand for cryptocurrency payments is surging, traditional financial institutions often remain hesitant to support these businesses.

Use MAC to match with the right high-risk merchant service provider in a few simple steps.

Are you already processing credit card payments?

No, I'm completely new to credit card processing.Yes, but we're looking at other options.

Best Providers in Crypto

MIDs - logo

MIDs

  • Credit Card and Local Payments
  • Multiple Options Worldwide
  • High Volume Specialized Services
Read reviewWebsite
Durango Merchant Services - logo

Durango Merchant Services

  • A+ BBB rating
  • No setup/application fees
  • No early termination fees
Read reviewWebsite

Why you need a high-risk merchant account for crypto

Cryptocurrencies are revolutionary, but their decentralized nature places them outside the comfort zone of traditional acquiring banks. To process these payments, businesses typically require a specialized high-risk merchant account.

The "high-risk" classification is primarily driven by three factors:

  • Regulatory Complexity and Anonymity: Unlike fiat currencies, cryptocurrencies lack a central regulatory authority. The relative anonymity of digital assets makes it difficult for banks to trace transactions or perform standard AML/KYC compliance.
  • Market Volatility: The value of assets like Bitcoin or Ethereum can shift dramatically within minutes. This unpredictability impacts cash flow management and financial stability for merchants.
  • Cybersecurity and Fraud Risks: The digital nature of the crypto market makes it a target for cybercriminals. Incidents of hacking and fraud require processors to implement robust, expensive security measures.

Navigating the Challenges of Crypto Processing

While more consumers are purchasing digital assets with credit cards and through exchanges, not all acquiring banks will process these transactions. To bridge this gap, merchants need service providers who specialize in the crypto space and understand the nuances of high-risk compliance.

Find the Right Partner with MAC

Securing a high-risk merchant account for crypto doesn’t have to be a trial-and-error process. MAC’s comparison tool matches crypto-industry merchants with specialized service providers who have the infrastructure to process transactions safely and efficiently. Try the MAC Comparison Tool Today »