If you’re looking to start selling hair extensions online, you may be wondering if Shopify is the right platform for you. In this article, we’ll explore the pros and cons of using Shopify to sell hair extensions, and we’ll help you decide whether or not it’s the right eCommerce platform for a hair extension business.
Can You Sell Hair Extensions on Shopify
Can you sell hair extensions on Shopify? You can sell hair extensions on Shopify, however, they are considered a high-risk item by credit card processors. This can make it hard to use Shopify to sell hair extensions on Shopify, but it’s not impossible.
In order to be able to sell hair extensions on Shopify, you will have to find a credit card processor that will accept stores that sell high-risk items.
This is because most credit card processors consider hair extensions as a high-risk item and they often won’t work with your business if you are selling them online.
If you’re still interested in selling hair extensions online, we recommend going through our list of high-risk merchant account providers below.
High-Risk Merchant Account Providers
Selling hair extensions can be a great way to make money, but you need to have the right merchant account to process the payments.
This is because the hair extension industry is still largely unregulated, which leaves merchant accounts open to chargebacks or fraud from unscrupulous buyers (which payment processors then pass on in the form of higher rates).
Most payment processors that work with the Shopify payment gateway won’t allow you to accept credit card payments for high-risk products and those that do, will charge high fees. So it’s important to do your research before you choose one.
Below you’ll find some of the best Shopify merchant account providers tha allow you to sell hair extensions at fare transaction rates.
Durango Merchant Services
Durango Merchant Services (Appy Now) has partnered with an alternative risk service provider that allows them to provide a fast and easy approval process for businesses selling hair extensions online. They have custom solutions that can help protect your business against fraudulent transactions, while also allowing you access to higher processing limits without having to worry about chargebacks and paying high fees if you sell high-risk products.
Charge (Apply Now) works with merchants who want to accept credit cards without worrying about being declined or having their accounts shut down when selling high-risk products. With Charge’s customizable payment gateway solutions, it is possible for virtually any business to accept payments online even if they have been turned down elsewhere. And no matter what type of goods (legal) your business sells, there is a way for you to process payments with Charge.
With Authorize.net’s e-commerce payment processing services, you can accept payments from customers online and in person. They have a variety of easy-to-use tools that help make managing your billing needs simple. This includes their Virtual Terminal and Billing Center, and Mobile Card Readers that turn smartphones into fast and secure mPOS (mobile point of sale) systems. Plus, in most cases, they will work with merchants that sell high-risk products like hair extensions, unlike Shopify payments.
NETbilling is a merchant account provider that offers fully customizable, fraud prevention tools. Their services are designed from the ground up to help you grow your business by preventing chargebacks and transaction fraud. They offer AVS and CVV2 verification, plus they screen purchases against public and private fraud protection databases. This allows for the highest conversions possible with their merchant accounts. And with NETbilling’s Fraud Defense system in place, you can rest assured that any fraudulent transaction will be denied before it ever leads to a return or chargeback.
PayKings makes it easy for merchants who sell hair extensions or related products to accept payments online through their tailored Shopify integration. They have worked with dozens of merchants in this industry, and PayKings knows exactly what merchants need from their payment provider – fast approval times (typically within 24 hours), low rates, and no hidden fees or charges.
eMerchantBroker provides low or high-risk rates at competitive prices with no application fee. They specialize in the approval of accounts for merchants that offer higher-risk products like hair extensions, and they know how important it is to get your account approved quickly (under 24 to 48 hours) so you don’t lose any business opportunities.
Opayo offers a merchant account service that allows United Kingdom-based merchants to sell hair extensions and other products online without worrying about the security of their customers’ information or paying too much in fees. And their merchant account solutions have been designed from the ground up with e-commerce in mind, so you can rest assured your business will have everything it needs to succeed at selling hair extensions and other products on Shopify.
Fiserv Merchant Accounts allow you to accept payments in any currency, anywhere in the world while still receiving bank-level security and fraud protection, so you will never pay hidden fees or get locked out of your account again. Plus, their rates are among the lowest available on the market today.
Shopify Payments Hair Extensions
Shopify Payments won’t accept stores that sell hair extensions because Stripe doesn’t allow businesses on their platform that sell items that can be categorized as “high-risk”. So, unfortunately, if you’re looking to start an online store that sells hair extensions, Shopify Payments likely isn’t the best payment processing option for you.
This is because there is a greater chance of chargebacks with these types of items. Chargebacks occur when the customer disputes the charge on their credit card statement, and the credit card company sides with the customer in most cases.
This can result in the store losing money, so it’s important for businesses to take measures to protect themselves. Some of these measures include using a payment processor that has fraud prevention tools and having clear return policies in place.