kosipay.com

What It Is

Kosipay positions itself as an end-to-end payment processing provider for high-risk merchants and businesses that struggle to open accounts. Founded in 2015, it is headquartered in Orlando, Florida, USA. Its website says it serves more than 5,000 merchants across the United States, with a focus on industries often rejected by traditional payment providers, including CBD, kratom, firearms and ammunition, nutraceuticals, e-cigarettes, online gambling, travel agencies, subscription services, MLM, and telemedicine.

Core Capabilities

In terms of service types, Kosipay offers high-risk merchant accounts, online payments, in-store POS, mobile payments, recurring billing, virtual terminals, e-commerce integrations, multi-currency payments, and split payments. The supported payment scenarios are described broadly, including website/app payments, card-not-present transactions, payment links, contactless payments, and subscription billing, but the main text does not explicitly list specific rails such as Visa, Mastercard, ACH, or e-wallets. For integrations, it supports Shopify, WooCommerce, Magento, BigCommerce, Wix, Squarespace, OpenCart, and PrestaShop, and also mentions Developer APIs, hosted payment pages, and shopping cart plugins, making its e-commerce coverage fairly comprehensive.

Pricing and Risk Management

The page discloses some rates: high-risk merchant accounts are priced at 3.5%-5.9%, retail plans at 2.9%-4.5%, and e-commerce plans at 3.2%-5.0%. Estimated setup times are around 24-72 hours, 3-5 business days, and 24-48 hours respectively. It claims approval rates of 90%+ for high-risk accounts, 95%+ for retail, and 85%+ for e-commerce. On the risk-control side, it includes real-time screening, machine learning, custom rules, transaction monitoring, early chargeback alerts, automated responses, and dispute management. However, the main text does not disclose settlement timelines, monthly fees, chargeback fees, hardware costs, rolling reserves, or specific licensing and PCI compliance information.

Pros, Cons, and Best Fit

Its strengths are a clear positioning, a focus on high-risk industries, coverage for online, offline, and subscription scenarios, and the availability of chargeback and fraud management tools. It is also relatively friendly to mainstream platforms such as Shopify. The downsides are that its rates are higher than standard acquiring services, key compliance and settlement details are limited, and it appears to primarily target U.S. merchants, with unclear cross-border availability. Kosipay is better suited to merchants operating in the United States that have been rejected by traditional payment providers due to their industry profile and are willing to pay higher rates in exchange for more stable acquiring.

Access from China and Alternatives

The main text does not provide information on access from mainland China, RMB settlement, or account opening for Chinese entities, so its China accessibility status is rated as unknown. Chinese merchants targeting overseas high-risk sectors should carefully verify whether non-U.S. entities are accepted, as well as settlement currencies, KYC, tax, and compliance requirements. Comparable options include PaymentCloud, PayKings, Durango Merchant Services, Soar Payments, as well as more general-purpose providers such as Stripe, Adyen, and PayPal/Braintree.