Merchant Accounts

High Risk Shopify Merchant Account

January 19, 2023

The Shopify platform makes it easier to start your online store, and countless entrepreneurs worldwide use Shopify daily. If you want to join in with the craze and set up your own Shopify business, you may need to obtain a high-risk Shopify merchant account. This guide will cover all you need to know about merchant accounts for Shopify.

However, before we look more closely at a high-risk Shopify merchant account and how it works, let’s begin by looking at what Shopify is and how it has changed the world of online shopping as we know it. 

Shopify is a Canadian e-commerce company and e-commerce platform for setting up online stores and retail systems. People can use Shopify to set up e-stores. The platform makes it easy to do everything related to online sales, from receiving payments to marketing your brand, shipping your products, and getting customers engaged. 

It’s a fantastic platform to use when you want to do business in the modern, connected world, but depending on your selling, you might have to get a high-risk Shopify merchant account before you begin.


The High-Risk Shopify Industry

Shopify was founded back in 2006. It originally began as an attempt by the founders to set up their snowboard store online but rapidly grew into the world’s biggest e-commerce platform. Nowadays, more than 1.7 million businesses in around 175 countries are using Shopify, with more and more online shops opening up all the time.

Shopify is a great platform to choose if you want to set up an e-commerce company and sell goods online. You can use I for various products, from selling clothes and accessories to toys, games, food, cosmetics, and countless other items. You can even use it for selling items that may typically be difficult or risky to sell, like vape supplies or supplements.

If you use Shopify to sell these products, you may fall into the “high-risk” category. Businesses that sell certain types of goods are classed as high-risk due to the nature of their products. For example, vape goods are seen as risky due to the ever-changing legal situation around vaping. This is where high-risk Shopify merchant accounts come into play.

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What Is a High-Risk Shopify Merchant Account?

So what exactly is a high-risk Shopify merchant account, how do these accounts work, and why do you need to open your high-risk Shopify merchant account if you want to set up a Shopify store selling certain kinds of products? Let’s begin with a simple merchant account definition to see what these accounts offer.

A merchant account is a particular type of business account that exists to process electronic card payments. In simple terms, this account makes it possible for customers to pay businesses with their cards online without having to be in the same physical place as them. This is how a lot of business is done nowadays.


And if you’re running a Shopify online store, you will be getting a lot of online payments, potentially from people all over the globe. Therefore, you need a high-risk Shopify merchant so your customers can pay you safely. Without it, you won’t get paid, and your business won’t be able to get off the ground.

Difficulties Obtaining High-Risk Shopify Merchant Accounts

Suppose you want to set up a Shopify store selling high-risk items, including nutraceuticals and supplements to glass pipes, vape supplies, drug paraphernalia, or other items. In that case, you’ll need to get a high-risk Shopify merchant account. However, it can be pretty challenging to get one of these accounts.

For various reasons, many banks and financial institutions don’t want to work with high-risk businesses, such as high-risk Shopify stores. They might not want to associate with certain products or industries, for example, so they might refuse to work with you if you sell products that don’t align with their philosophies.

They may also refuse to offer you a high-risk merchant account if your business gets a lot of chargebacks, which is when people dispute payments and try to get their money back. Many Shopify store owners have to deal with high rates of chargebacks as customers worldwide regret their purchases, try to avoid paying, or claim that they have been charged incorrectly.

Because of these reasons and others, banks can make it very difficult for Shopify store owners to obtain high-risk merchant accounts for high-risk credit card processing. But there are still some options out there to help you.

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Apply for the Best High-Risk Shopify Merchant Account with Shark Processing

So, what can you do to get your own high-risk Shopify merchant account, but all the banks refuse to work with you? Well, that’s where Shark Processing comes in. We’re specialists in high-risk payment processing and are here to help you get the high-risk merchant account you need to start your business and help it grow.


At Shark Processing, we work with all kinds of businesses in “high-risk” categories. We know and understand the challenges that you have to face, and we want to help you overcome those challenges and enjoy success with your new business. We’ve also partnered with various banks and payment processors who share our vision and are willing to work with risky businesses like yours.

So, if you’re ready to start and set up your high-risk merchant account for Shopify, all you need to do is get in touch with the team. Give us a call today to discuss your business, and we’ll explain what we can do to match you with the perfect merchant account.

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