Working in high risk industries means a limited choice of high risk merchant accounts and many times, you may be forced to make compromises just to get started with payment processing. PayKings is one of the more popular payment gateway solutions for high risk businesses and you may be considering it as a credit card processing option.

Today, we’ll show you what this high risk payment processing platform offers and what real users are saying about it.

Looking for a better PayKings alternative? Get started with TailoredPay today.

What is Paykings and who is it for?

PayKings is a payment processing provider that focuses on helping businesses that have trouble getting approved by traditional banks. It offers merchant accounts, payment gateways, mobile payment options, and recurring billing for both online and in-person transactions.

paykings review

The company works with multiple banking partners to find suitable solutions for businesses that operate in riskier industries or have complex billing models. It helps with fraud prevention and allows businesses in high risk sectors to get paid with ease.

PayKings serves companies that often face rejection from standard payment processors. This includes:

  • High-risk industries such as CBD, adult content, gaming, and nutraceuticals, where chargebacks and regulations make approval difficult.
  • Online businesses with recurring billing, such as subscription services that need stable payment processing and multiple currency options.
  • Merchants looking for specialized underwriting support, since PayKings maintains partnerships with several acquiring banks to accommodate varied business types.

Industries supported

PayKings supports the same industries as many other payment processors in the high risk sector. Some of them include:

And many others.

paykings industries

paykings industries

The good

Before we talk about the negative reviews, let’s see what this merchant account provider does well.

The approval process is pretty fast

Setting up high risk merchant accounts with PayKings is apparently just as quick as the company claims. Here’s what one reviewer had to say:

“What made my experience great was the quick turn time regarding getting my Merchant account approved. Pay Kings has nailed in the customer service department, Great Work PayKings” – Source

You get US-based support

While the customer support reviews are not all stellar (more on that in a second), you may be happy to find out that like traditional processors, you get US-based customer support agents to help you out with the approval and application process.

“Key difference you’ll get here is US based support if any issues as opposed to dealing with offshore support at other mainstream companies who take weeks to solve an issue!” – Source

The bad

While there are plenty of positive reviews for PayKings, there are some downsides to watch out for as well.

The customer support is hit or miss

While the company claims to have solid customer support and fast approvals, some customers state the exact opposite. For example:

“I never knew a single merchant sales rep that was so unresponsive and irresponsible. I’ve had plenty of merchant accounts in the last 20 years of being in online sales. This is something. Called 5 times, emailed a bunch of times – no response. I’ve been trying to close my merchant account with them for a few months already. Can’t even find out my reserve balance. This is ridiculous. Don’t setup any merchant account with PayKings.” – Source

There are also issues with specific industries, as one reviewer states:

“I decided to apply with these guys for a new CBD website I started and was stung along for weeks. They know little to nothing about the CBD business and couldn’t even do the math for a COA properly and basically told me I needed to change a label on a product for them.

These guys are nothing more than a broker and there are plenty more out there that can get your CBD business taken care of. Don’t waste your time with PayKings.” – Source

You may get refused service even after being approved

The reason why high risk businesses stay away from standard risk merchants is the ability to do uninterrupted business and pay a monthly fee for the service. As it turns out, independent sales agents at PayKings could revoke that:

“Paykings and teir sister company Zenpayment are both clowns. Stay away from these companies. They shut down my account after I processed $15 000 in 2 weeks. That was too much for them.

They said: Sorry, we do not process for your type of business. Really? How incompetent you have to be? Just do not upload them your sensitive documents and do not trust them no matter how much they will harass you -and they did with me- to upload my sensitive information to provide me with a “rock hard merchant account”. These people are clowns.” – Source

Comparing merchant fees can be a chore

In general, PayKings has a reputation for offering competitive pricing, but it’s a bit of a process to find out how much it’s going to cost to accept payments.

To understand PayKings’ pricing, prospective clients have to get in touch and fill out an application. If you’re hoping to quickly compare with other payment solutions, you’ll have some work to do first.

Contracts are lengthy, and there are account termination fees

If you start receiving online payments through PayKings and decide it’s no longer the right setup for you, tough luck. Some online sources state that the contracts are typically for two or three years and there is a termination fee if you want to cancel your arrangement before the expiration.

Get the better alternative to PayKings for high risk payment processing

If your business falls into a high-risk category, you already know how hard it can be to find a processor that understands your model, treats you fairly, and keeps your payments running without interruptions.

While PayKings has built a name in the high-risk space, mixed customer experiences and unclear contract terms can make it difficult to plan long-term.

TailoredPay offers a more reliable path.

We provide merchant accounts built specifically for high-risk and international businesses, with…

  • transparent pricing
  • no setup fees
  • approval times as fast as 48 to 72 hours.
  • personal account support
  • fraud prevention tools
  • access to global banking partners that understand the realities of complex industries like CBD, gaming, and nutraceuticals

If you want a payment processor that focuses on stability, clear communication, and quick onboarding, TailoredPay is the smarter alternative to PayKings in 2025.

You can get approved faster, avoid long-term contracts, and keep your transactions moving with confidence. Get started with TailoredPay today.