Leap Payments Review

May 30, 2022


Leap Payments offers payment processing and merchant accounts to all types of businesses, including high-risk merchant accounts.


Overview of High-risk Merchant Accounts and High-risk Credit Card Processing

With high-risk merchant accounts, you can take advantage of high-risk credit card processing as well as the ability to accept other payment methods at your high-risk business.

Leap Payments specifically offers its services to high-risk merchants, retailers with brick-and-mortar stores, and e-commerce retailers.



Leap Payments Services

Explore some of the high-risk credit card processing services from Leap Payments in more detail.

Credit Card Processing

With high-risk merchant accounts from Leap Payments, you can accept credit card payments from American Express, Discover, MasterCard, and Visa.


Qualifying merchants can take advantage of QuickPay. This doesn’t require a signature for transactions under $25.

ACH Processing

All accounts from Leap Payments receive ACH funding, which takes two to three days to arrive in your account.

Electronic Check Processing

Leap Payments helps high-risk merchant accounts process electronic checks.

Gift Card Processing

You can also use Leap Payments to offer and accept gift cards.


Loyalty Programs

The solutions also support the ability to create and run custom loyalty programs from Merchant Fanfare.

Processing Equipment

Leap Payments also provides the equipment that retailers need to process credit cards and other payment methods, all at low prices.

If you already have the equipment, they can integrate with your existing solutions.

Mobile Credit Card Processing

Some of the equipment from Leap Payments lets you easily process credit card payments with your smartphone or tablet. You get a wire-free card reader and the ability to take the checkout wherever you go.

Virtual Terminal

The company’s virtual terminal is an online terminal that you can use to process payments online, in person, or over the phone. It stores card numbers via tokenization and supports recurring or installment payments. It also supports unlimited users and mobile processing and connects with your shopping cart.

Payment Gateways

High-risk merchant accounts can choose to take advantage of one of the payment gateways that Leap Payments offers or continue using their current one.



Chargeback Mitigation

As with other tops high-risk credit card processing companies, Leap Payments provides clients with chargeback mitigation tools. These help you reduce your chargeback ratio and keep your account in good standing to prevent shutdowns or freezes.



Leap Payments Rates

Pricing from Leap Payments relies on an interchange-plus pricing model. According to the company, this is the most transparent method of pricing.

In the rare case that tiered pricing makes more sense for your business than interchange-plus pricing, Leap Payments also offers that.

Lifetime Rate Lock

Once you sign up for high-risk merchant accounts from Leap Payments, your rates are locked into place and will never increase for as long as you maintain your account.

Quarterly Reviews

These pro-active reviews occur once every quarter. During the review, Leap Payments looks for ways that your company can save money on processing fees and rates or otherwise reduce the associated costs.

No Hidden Fees

There are no surprise fees from Leap Payments, including none for junk, data compliance, or statements.



The prices for high-risk credit card processing equipment start at just $39.99.


High-risk Industries Leap Payments Serves

Leap Payments gladly services high-risk industries as well as those that are not high-risk. This includes both retailers with physical stores and e-commerce companies. Some of the high-risk industries that Leap Payments supports include:

  • Alcohol and liquor
  • Cigars, pipes, and tobacco
  • Bail bonds
  • Debt consolidation
  • Debt collection
  • Student loan relief
  • Credit repair
  • CBD and hemp
  • Marijuana
  • E-cigarettes and vapes
  • Ammo and guns
  • Escort services

  • Furniture retailers
  • Moving and transportation
  • Supplements and nutraceuticals
  • Timeshare litigation
  • Travel and tour operators
  • Cruise lines
  • Multi-level marketing
  • Online dating
  • Online casinos and gaming
  • Subscriptions or recurring payments
  • Trials and free offers

These are all in addition to lower-risk industries, such as lawyers, hospitality services, contractors, auto shops, accountants, non-profits, restaurants, professional services, and more.


Other Notable Features of Leap Payments

Taking advantage of high-risk credit card processing from Leap Payments gives you access to some other notable features as well.

15+ Partnering Banks

Part of the reason that Leap Payments can offer high-risk merchant accounts is that they work with more than 15 partnering banks. This increases your chances of approval and reduces the risk of your account being frozen.

Fast Approval

High-risk merchant accounts can be approved within just 48 to 72 hours.

Reduced Reserves

Most clients from Leap Payments have lower reserve requirements than they would with other payment processing providers. Additionally, Leap Payments regularly customizes reserves based on your business.

Load Balancing

To reduce your risk of having your account frozen or closed, Leap Payments provides load balancing across multiple MIDs.

Fast Funding

High-risk credit card processing from Leap Payments lets you receive your funds on the same day. This is especially important, as it helps your business maintain your cash flow.


Certain businesses can even receive their funds just five hours after batch time. Depending on the processing method in question and your business, you can get instant, same-day, or next-day funding.


You can easily integrate Leap Payments with your existing POS systems, such as PC America, Microsoft RMS, Revel, and Micros. You can also integrate them with numerous merchant accounts, including First Data, TSYS, Elavon, and Mercury. There are also plenty of gateway integrations, including NMI, Authorize.Net, BridgePay, WooCommerce, Magento, PC Charge, and SkipJack.

Online Monthly Statements

You can access your monthly statements from Leap Payments online. This lets you access it from everywhere instantly. You can also opt for free paper statements if you prefer. The same statement shows details for gift cards, electronic checks, and all credit card brands.

Customized Solutions

Customers of Leap Payments receive a customized combination of the company’s services, with the goal of fitting their exact needs.

Great Customer Support

Customer support at Leap Payments is available at any time. It is also based in the United States and personalized. The company prides itself on knowing customers by their names instead of numbers. Part of this comes from the fact that all clients receive a client relationship manager who they work with for the entire time they use Leap Payments’ services.

Additionally, the customer support team will take as much time as they need to explain something to you. This includes taking the time to make sure you understand your monthly statement.


Leap Payments Reputation and Reviews

Leap Payment has an A+ rating from the BBB. However, it is worth noting that its reviews are somewhat mixed. A handful of reviews mention random fees or seemingly unnecessary information is required. There are more positive than negative reviews, however. These tend to praise customer service and rates.



Leap Payments offers high-risk merchant accounts as well as processing for other businesses. You can use their services to accept credit cards and electronic checks. The company offers a cost-saving rate-lock feature and works with various banks to deliver a high approval rate.

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