Corepay

Corepay is a full-service payment provider based in Winter Park, Florida, that concentrates on high-risk and specialty merchant accounts. It is not a bank. Corepay underwrites each application itself and then places the business with one of the acquiring banks and processors it works with in the US, UK, EU, Canada and Australia, so an approved merchant gets a dedicated MID rather than a slot inside a shared aggregate account. That structure is the reason it can take on categories that Stripe, Square and PayPal decline on sight.

Pricing and how it works

Corepay publishes no rate card. Its pricing page names three structures, a single flat rate on every transaction, interchange-plus with a fixed markup, or a fully custom schedule built around volume, industry and processing history, and all three require a quote. The company advertises no application fee, no setup fee, no annual fee and no monthly minimum, and Merchant Maverick's review lists a $0 setup fee. Two costs sit outside that promise. The card networks bill high-risk registration separately, and Corepay's own fee guide puts those at $950 a year for Visa and $500 a year for Mastercard. Most high-risk approvals also carry a rolling reserve, which the same guide describes as typically 5 to 15 percent of deposits held for 90 to 180 days. Approvals usually land in one to three business days and US accounts fund next day.

The platform

Processing runs through NetValve, Corepay's own gateway, which routes across multiple acquirers, tokenizes cards in a PCI Level 1 vault, retries declined recurring transactions and scores transactions for fraud in real time. Chargeback work is handled in house through CB-Alert and a direct connection to Visa Rapid Dispute Resolution. Merchants who prefer a familiar gateway can stay on NMI or Authorize.Net instead, and Corepay lists plugins for Shopify, WooCommerce, Magento, BigCommerce and Wix.

Who it is for

Corepay is aimed at established high-risk sellers in CBD and hemp, nutraceuticals, telemedicine, age-verified content, dating, travel, firearms and continuity billing, particularly those with enough volume to justify interchange-plus. Low-risk businesses that just need a published card rate will find cheaper and far more transparent options elsewhere.