Key Data

• Trading Name: Shark Processing
• Legal Entity: Shark Processing LLC.
• Activities: High Risk Payment Provider.
• Location: United Sates
• Regulations: none
• Key People: Gus Hanger

Shark Processing is a high-risk payment provider.

Offering

The company is capable of processing payments for U.S. and Canada-based businesses as well as merchants who require merchant accounts through offshore banks.

Shark Processing specializes in offering high-risk merchant solutions to help businesses deal with payment processing issues. The company provides payment processing to many high-risk industries and works with trusted banking partners across the world

Their service includes:

• High risk credit card processing
• High risk ACH processing
• Merchant accounts
• offshore solutions
• Mobile Payment
• Automated Recurrent Billing
• eCheck Processing
• Fraud Detection
• Shopping Cart Integration

Shark Processing processes all major debit and credit cards with a focus on high-risk business types.

Complaints

• We have not found any outstanding class-action lawsuits or FTC complaints filed against Shark Processing
• only 1 negative Shark Processing review
• no profile at the Better Business Bureau at this time.

Fees:

• $100 or $1000 Setup fees
• Swipe Rate 5.49%+
• Keyed-in Rate 5.49%+
• Rolling Reserve 10% Of Sales Volume

Industries

High Risk:

Forex, CBD, Cryptocurrency, Guns and ammunition, Jewelry

Conclusion

While there are no irregularities or serious complaints surrounding Shark Processing, we place the company on our “Orange Compliance” list due to the lack of a license.
Shark Processing has stated that it works with banks, but no companies are named.