Top 10 High-Risk Merchant Account Provider in Southeast Asia

 A high-risk merchant account is a business account that is used by high-risk merchants for accepting online payments. Businesses that are listed as high-risk by banks, financial institutes, and payment processors due to high chances of chargebacks, refunds, bad credit history, and a high volume of transactions, need a high-risk account. A high-risk merchant account provider is a service provider that provides high-risk merchant solutions to high-risk businesses. In Southeast Asia, there are numerous service providers that provide high-risk accounts to merchants, but not every service provider can match every merchant's needs. So in this article, we are mentioning some of those high-risk merchant account providers that are most widely used in this region.

Top high-risk merchant account providers in Southeast Asia

Paypal

One of the finest merchant account service providers in the world is PayPal. One of the most well-known and respected providers of payment gateways is PayPal. PayPal offers EMV certification and is PCI-DSS compliant. Therefore, PayPal offers very high levels of protection for both the buyer's and the seller's private information. 

Setup fee	Free
Annual fee	Free
Transaction fee	Domestic3.9% + fixed fee based on the operational country   International 4.4% + Fixed fee based on the currency received
Refund charges	No extra charges
Supported currencies	25
Available in countries	Up to 200 countries and territories

2C2P

Payment gateway supplier in Asia, established in 2003. It leads the area in integrated payment solutions and has direct operations in 11 Southeast Asian, South Asian, and Middle Eastern nations. 2C2P, a provider of payment platforms, collaborates with businesses of all sizes working in emerging markets. Large businesses can use its services to take payments online anywhere in the world.

Setup fee	Depends on the operating country
Annual fee	Depends on the operating country
Transaction fee	Between 2.5% to 4.5% (depends on the operating country)
Refund charges	N/A
Supported currencies	MYR, THB, SGD, HKD, PHP, IDR, and VND
Available in countries	All Southeast Asian

2Checkout

2Checkout is an Ohio-based company that was founded in 2000. It offers a payment solution that combines cutting-edge technology with professional assistance to support businesses in today's global marketplace. With one of the most widely used high-risk merchant account providers, merchants can benefit from simple setups and fast payment processing. Getting global coverage is straightforward and only requires one integration with 2Checkout.

Setup fee	Free
Annual fee	Free
Transaction fee	3.9 % + $0.45 USD1.5% cross-border fee
Refund charges	No extra charge
Supported currencies	All major currencies (up to 180)
Available in countries	N/A

iPay88

As the leading online payment gateway provider in Southeast Asia, iPay88 provides both domestic and foreign payment options. For companies searching for a dependable and feature-rich payment gateway, iPay88 is a great choice. The latest fraud detection technology is offered by iPay88, along with 3D security, PCI compliance, and fraud monitoring. For merchants, the low-cost setup and transaction fees are a huge plus.

Setup fee	Depends on the operating country
Annual fee	Depends on the operating country
Transaction fee	Between 2.9% and 3.5% and a fixed fee depending on the operating country
Refund charges	No extra charges
Supported currencies	USD and all ASEAN countries' currencies
Available in countries	ASEAN (Southeast Asian)

Doku

Doku, the leading online payment solutions provider in Indonesia, gives businesses an easy method to accept payments online. Doku stands out due to its excellent fraud management tools, which have been refined through machine learning for almost a decade and safeguard both customers and merchants. Doku is a popular payment gateway among Indonesian retailers due to its availability of more than 20 payment options and quick integration process.

Setup fee	Free
Annual fee	Free
Transaction fee	Credit CardBank Fee + RP 2,500 Bank TransferBank Fee + RP 2500
Refund charges	No Extra Charges
Supported currencies	IDR only
Available in countries	N/A

Dragonpay

In the Philippines, DragonPay is a trusted payment system with a growing list of users. It provides alternative payment options, including internet banking, e-wallets, and many more, apart from traditional methods like cards.

Setup fee	N/A
Annual fee	N/A
Transaction fee	Transaction charges are between PHP 10 to PHP 20 based on payment methods
Refund charges	N/A
Supported currencies	20
Available in countries	N/A

Siampay

SiamPay, a payment gateway with headquarters in Thailand, allows businesses to take payments from customers using bank transfers, and credit and debit cards. Support for numerous currencies, recurring payments, and fraud protection are some of its features.

Setup fee	Free
Annual fee	Free
Transaction fee	The transaction fee is 1.85%
Refund charges	N/A
Supported currencies	THB, USD
Available in countries	N/A

Pesopay

PesoPay has been introduced by the e-payment service provider AsiaPay. It primarily seeks to offer simple online payment options to local Filipino customers and businesses. PesoPay is one of the safest payment gateway service providers in the Philippines because it has an integrated fraud management system and TLS 1.2 encryption.

Setup fee	Based on received payments
Annual fee	Based on received payments
Transaction fee	N/A
Refund charges	N/A
Supported currencies	PHP
Available in countries	N/A

Stripe

One of the world’s most used payment gateways, Stripe, is popular among both large tech companies and start-ups. A few of the many benefits of integrating with Stripe include its widespread network, an enormous selection of website integration plug-ins, and affordable transaction fees. Payments can be made using credit cards, digital wallets, bank transfers, and other methods through the payment portal. The gateway enables users to easily complete international transfers because it is accessible in many different nations. Moreover, the general user experience is convenient due to its less complicated dashboard.

Setup fee	Free
Annual fee	Free
Transaction fee	3.4% + $0.50 per transaction
Refund charges	No extra charges
Supported currencies	135+
Available in countries	47+

Paycly

This Singapore-based payment solution provider company is one of the biggest companies that are operational in this region. It has a widespread network of 150+ countries and supports over 100 different currencies. Paycly is a leading choice for high-risk merchants because it provides various merchant-friendly features along with the best data security solutions and fraud management.

Setup fee	Depends on the business
Annual fee	Depends on the business
Transaction fee	Depends on the amount
Refund charges	N/A
Supported currencies	100+
Available in countries	150+

Paycly is also a high-risk merchant account provider that provides high-risk merchant account with instant approval to the merchants. To apply for a merchant account one can follow the below-given procedure.

How to get a Paycly merchant account?

To register for a high-risk business account on Paycly, adhere to the steps below.

●      Visit the Paycly webpage.

●      Then select "Apply Now" from the homepage's top-right corner.

●      The enrollment form for a merchant account is then made available.

●      Fill out the application completely with all the required information.

●      You must then select the submit button on the subsequent page.

You can simply sign up for a merchant account with Paycly by following this process.

Conclusion

Not every merchant account provider can be suitable for every kind of business need, and for a high-risk merchant, finding a high-risk merchant account provider is not an easy task. The best way to get the job done as a merchant is to compare the possible best options and choose the most suitable one from them.