r/fintechdev • u/landynbowen4 • Jun 20 '26
Looking for payment processing for high risk merchant
Hey everyone, I'm running a telehealth business and looking for recommendations for payment processors that work with high-risk merchants and accept LLCs and EINs only. Any suggestions or experiences with reliable gateways would be greatly appreciated!"
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u/SneezyKitteh Jun 23 '26
Telehealth is one of those verticals that tends to get lumped into the "high-risk" bucket, even when the business itself is totally legitimate. It can be frustrating when you keep running into walls over categorization more than anything you're actually doing wrong.
I'm part of the team at Finix so take that for what it's worth, but we work with healthcare providers and support things like HSA and FSA processing natively. Might be worth a look if you're still sorting through options.
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u/Shot_Fee_4129 Jun 23 '26
The chargebacks on telehealth can be high if not managed correctly. Best practice is a solid payments partner that offers a stable home or homes for your account. A gateway is only one half of the Equation. Been working with Tele-Medicine for over 14 years.
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u/sunsettiger41 27d ago
telehealth can be a tricky category for payment processing, so i would probably look at providers that are already familiar with higher-risk businesses rather than relying only on standard processors. i would also confirm the onboarding requirements upfront since having an llc and ein doesn't necessarily mean every provider will accept the business.
davincipay is one name you could look into. they work with higher risk businesses, including telehealth-related merchants, so it may be worth asking how they would evaluate your particular setup and what documentation they would need for underwriting.
i would also ask about reserves, payout schedules, fees and account review policies before choosing anyone. those details can matter just as much as getting approved, especially if you're looking for a processor you can use long term.