Square closes high-risk categories on November 5. See if we’re a fit before then.
Bankful is a high-risk payment processor. We review your business up front and explain your terms in plain language.
- Built for what you sell. Our team knows high-risk categories and we fight to get you approved.*
- Every way to get paid. Cards, subscriptions, wallets and dispute tools in one checkout, under one contract.
- A team that knows your setup. The same specialists stay on your account.
Who qualifies
We underwrite regulated categories on purpose — which means real criteria, not a rubber stamp. Here’s how to tell quickly whether we’re a fit.
You’re likely a fit if you:
- Run a US-registered business that sells online
- Have a live website with your products, prices and policies: refunds, shipping, privacy and terms.
- Can share three months of processing statements, if you’ve processed before.
We’re not the right fit if:
- You sell in person or on POS only
- You don’t have a website yet.
Why choose Bankful?
Built for what you sell
Specialist underwriters review your business, and they know high-risk categories. We fight for your approval.*
Every way to get paid.
Cards, recurring billing, subscriptions, wallets and dispute tools in one checkout, under one contract.
A team that knows your setup
The same specialists stay on your account. Straight answers, no runaround.
What to have ready
Having your documents ready can help speed up a switch. Gather these and we can move at your pace.
- Formation docs and EIN
- ID for owners with 25%+ ownership
- Bank letter or voided check
- Three months of business bank statements
- Three months of processing statements
- Product documentation where your category requires it
- A live store with clear refund, shipping and privacy policies
We fight to get you approved.
Alicja Burek
“Our online sales have grown by over 30% since implementing Bankful, and customer retention has improved thanks to a seamless purchasing experience.”
Jon Call
“I’m thankful that Bankful was a forward thinking, modern option that was available for me to choose.”
Dr. Taylor
“Getting started was smooth and easy! We didn’t have to reach out much, but when we did, support was fast and helpful. Now, we’ve saved time and definitely seen increased customer satisfaction.”
Leaving Square? Talk to us before your date.
How approvals work**Bankful is a payment processor and, in some arrangements, provides software and orchestration services under the Bankful Software Agreement. As described in that agreement (§5.11), merchant account services are governed by a separate agreement with the applicable processor of record. Depending on the arrangement, Bankful may be the direct processor of record or may orchestrate routing to a third-party processor. Eligibility to process, including approval, continued processing, holds, freezes, and account termination, is determined at underwriting by the processor of record under its own terms, which vary by provider and may change. Merchants are responsible for understanding and complying with the governing terms of service and acceptable use policy. Merchant onboarding also includes a Hold Harmless agreement under which the merchant acknowledges how responsibility for processing decisions is allocated.