Get Approved for a Gold & Precious Metals Merchant Account
Gold & Silver Coins/Bars and Precious Metals
Our Team has 20+ Years of High-Risk Payment Processing Experience
We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category. We have a diverse array of solutions per business type unlike anyone else in the industry.
- 24-48 Hour Payouts
- Lowest Rates, Multiple Bank Approvals
- Fast Approvals
- 100% Digital Application
Secure Payment Processing
In 3 Simple Steps
Complete our quick and easy online application
Digitally sign applications using your mouse
Securely upload supporting documents
Applications are sent to all banks that have pre-approved you
Banks will review and determine a processing limit
Daily updates sent with additional documents and final approvals
Payment Gateways are activated
Gateway automatically distributes transactions across all merchant accounts
Transaction distribution minimizes risk and ensures processing security
Gold & Precious Metals Merchant Accounts
Why Merchants are not Approved by Traditional Payment Processors When Selling Gold Coins, Silver Coins and Other Precious Metals
The other two reasons relate to fraud and chargebacks. Firstly, merchants selling or trading silver coins and silver bars, gold coins, palladium precious metal, and other forms of gold or hard currency typically process transactions at high dollar amounts that are in excess of $100. Transactions of this value automatically put the merchant at a higher risk for fraud and chargebacks and when the majority of transactions are of such a high value, banks are generally unwilling to offer processing accounts.
Second, the majority of payments processed by gold and precious metals merchants are processed via payment gateway, which means there is no in-person interaction in which a sales clerk is able to verify identification and signatures. This leaves merchants vulnerable to fraud and chargebacks as well.
The PayDiverse Solution
Begin Processing With PayDiverse
If you deal in buying, selling or trading silver coins and silver bars, gold coins, palladium precious metal, hard currency or other forms of gold and precious metals, you’ve likely had a hard time obtaining processing accounts with reasonable processing rates. Luckily, PayDiverse can help.
Our processing rates are among the lowest and our industry-leading account features mean you’ll be less susceptible to fraud and chargebacks. Apply online today using our simple online application and you could be accepting and processing payments within only a few days.
Diverse Payment Processing is Smart Processing
Fill out our free and quick merchant account application and let us match you with many banks that want your business.