Zank Payments Review

July 28, 2022

Zank Payments is a merchant account solutions provider. It offers payment processing solutions to all types of businesses. These include high-risk, e-commerce, and retail businesses, regardless of the size or industry. The company has been around since 1992 and has worked with thousands of merchants.


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

Zank Payments specializes in high-risk merchant accounts. It claims to offer one of the industry’s top solutions for risk management and fraud prevention. Its gateway solutions are also PCI-compliant and include world-class security features. These measures assure merchants of secure payment processing with the company.

Zank Payments provides an easy application form on its website. It also offers a free price analysis for interested merchants. That way, the company can propose the best solutions and rates for your business. Additionally, merchants are not subject to contracts, monthly fees, and termination fees with the company.


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Services Offered by Zank Payments

Here is a quick overview of merchant services offered by Zank Payments.

Merchant Accounts

Zank Payments helps businesses apply for merchant accounts to start processing payments. It guarantees the lowest possible rates and potential savings through its Cost+ Pricing. This applies to all clients, regardless of their industry, risk profile, and business type.

With a merchant account, you can benefit from daily bank account deposits and 24/7 technical support.

Payment Gateway and Virtual Terminal

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Zank Payments offers a variety of solutions for e-commerce merchants. It offers a full-featured online payment platform, which includes a virtual terminal. It allows merchants to accept credit cards, set up recurring billing cycles, email invoices, and more.


The online platform also comes with a payment gateway API, which means merchants do not need to avail of a third-party gateway. Merchants can also integrate with their existing shopping carts or create a hosted payment page.

POS solutions

Retail merchants with physical stores or mobile businesses can choose among the company’s POS solutions. Options include tablet POS systems and Bluetooth pin pads. Depending on what you need, your device can honor swipe, keyed-in, and contactless payments. They also come with different features for secure and fast processing.

For restaurants and retailers, the tablet POS can also be used to manage inventory, sales, employee shifts, and more.

Retail merchants will also have access to the company’s virtual terminal to view transactions via a web browser.

Credit Card Processing

Zank Payments enables merchants to accept payments from all major credit cards and debit cards. These include MasterCard, Visa, American Express, Discover, JCB, and China Union Pay.

Merchants can also opt to accept card-not-present payments. This applies to both payment gateways and card terminals. ApplePay transactions are accepted as well.

E-commerce Integrations

Merchants will benefit from numerous integrations with Zank Payments. They can connect their payment processing services with e-commerce platforms, shopping carts, mobile POS systems, and other business software solutions.


Fraud Prevention

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The company offers a PCI compliance program in partnership with Sysnet and Trustwave. This assures merchants of top-notch standards for secure payments. Apart from that, the virtual terminal includes a Card Vault to protect cardholder information.


Rates of Zank Payments

Zank Payments takes pride in offering transparent pricing. Its Cost+ Pricing aims to provide low rates and potential savings. It applies to all merchants, whether big or small. While the company does not provide its exact rates and fees online, merchants can request a free price analysis.

According to its website, there are no monthly fees, early termination fees, or hidden charges with the company. For physical terminals, merchants can return their devices without penalty fees.

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High-risk Industries Served by Zank Payments

  • E-commerce businesses
  • Retail establishments
  • High-risk and high-volume companies
  • Vaping and electronic cigarettes industry


Other Notable Features of Zank Payment’s High-risk Merchant Accounts

Daily Deposits

Merchants will benefit from daily deposits with Zank Payments. While most providers issue weekly payouts, you can expect a steady cash flow and no fund delays.

24/7 Technical Support

Additionally, the company provides 24/7 access to its customer support.


Reputation and Reviews of Zank Payments

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According to its website, Zank Payments was founded in 1992 by Carl Zank. It has worked with thousands of businesses over its 30-year history in merchant services. The company is currently based in Ontario, Canada.

Outside its website, Zank Payments appears in several PR articles. They highlight the company’s experience in high-risk industries, specifically with vape and CBD businesses.

While the company only has a few customer reviews, they are all positive. It has a 5-star rating based on four Facebook reviews.



Overall, Zank Payments is worth considering for high-risk, e-commerce, and retail businesses. It offers a variety of payment processing solutions, such as retail terminals, mobile software, and payment gateway solutions. It also promises secure transactions through its PCI compliance program and card vault feature. Merchants will also benefit from the company’s network of payment processors and acquiring banks. This means low rates and potential savings for your business.

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