HIGH RISK
PROCESSING
What is a High-Risk Payments Processing Solutions?
Are you labeled as a high-risk merchant without your knowledge? A revelation you discovered later after application and rejection by the merchant account provider. The majority of merchants make this blunder as e-commerce nowadays is ever-changing and merchants accumulate more chargeback; meaning the risk gets higher.
Below are common characteristics that make a merchant high risk:
- Amount of Chargebacks
- Average credit card transaction of $500 and higher
- Credit history (Bad, Imperfect, and bankruptcy history)
- Country of origin of the business known for high levels of fraud
- More than $20,000 monthly sales volume
- High employee turnover
- High volume business (nutraceutical products) and transactions
- High cost (ex: timeshares or airline tickets)
- High number of refunds and returns
- Industry with high rates of chargeback, returns, and frauds
- Length of years in Business
- Merchant with a terminated merchant account by a bank
- New business concept with less room for growth
- Number of years in business
- Personal Credit History
- Profitability of the Company or business
- Startup business with little to no credit card processing history
- Services or Products are Subscription based (Magazines, Online Dating)
- Services related to safety and health concerns
Listed below are common high-risk industries that we cater (but are not limited to):
- Gaming
- Forex
- Cryptocurrency
- Tribal and State Licensed Short Term Lenders
- Collection Agencies
- Direct Marketing/MLM
- eCig/Vape (non-CBD) E-commerce
- Online Pharmacies
- Firearms
- Document Preparation
- Credit Repair
What is a merchant account for high-risk business?
High risk merchant accounts are a subgroup of services that allow businesses to process credit card payments from customers. Most high-risk merchants have limited choices in processors, higher fees, and stricter contracts.
There is still a good side to this especially when you find a reliable high-risk payment processor. Here are some of the benefits when you partner with the right merchant account processor:
- Flexible credit acceptance payment online options
- Offers fewer limitations on Recurring Payments
- Higher volume processing
- Wide and Varied trade of products and services
- Global expansion
- High Chargeback Protection
- Increased Profits
- CBD
- Bitcoin
- Coaching / Training
- Auto Financing
- Travel
- Prepaid Phone Cards
- Software Downloads
- Domain Registration
- Any Legal Business Anywhere in the world.
We are a leading provider of payment processing services, enabling our clients to accept a full suite of payment forms, including: credit cards, debit cards, checks, and gift and loyalty programs.
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