Acquiring a high-risk merchant account involves a slightly more rigorous process than obtaining a standard merchant account due to the increased potential for chargebacks and fraud. High-risk businesses typically operate in industries like online gaming, adult entertainment, forex, or IPTV. To secure instant approval of a high risk merchant account, you'll generally need to provide the following documents:

1.   Business License or Registration: Proof of your business's legal status and registration, like a business license and article of incorporation.

2.   Bank Statements: Recent three months' bank statements that will help assess your financial stability and the overall health of your business.

3.   Processing History: It helps the bank assess your chargeback and refund ratios.

4.   Personal Identification: You'll likely need to provide personal identification documents, such as a driver's license or passport, for all major stakeholders or business owners.

5.   Voided Check or Bank Letter: A voided check or a bank letter provides the bank with the necessary information to set up your merchant account for fund transfers.

Besides these documents, merchant service providers can ask for Business Plans, Website Information, and Product/Service Information, as specific requirements can vary from MSP to MSP. To ensure a smooth application process, it's recommended to work closely with a high risk payment processing provider who can guide you through the necessary steps and documentation.