As a small business owner, you have enough on your plate, but payment convenience remains a priority. And if you’re in a high-risk industry, you may have had trouble getting approved for a merchant account in the past. High-risk businesses are typically defined as those with a higher than average chance of chargebacks or fraud. This can include businesses in...
A high-risk merchant account speaks of a business that is riskier in the eyes of payment processors because of higher fraud or chargeback rates. Below, you can read details concerning high-risk merchant accounts and know where you can find a secure and affordable account for your risky business. What Kind of Accounts Are the High-Risk Accounts? Payment processors classify merchant...
To find the right high-risk credit card processor for your risky business, you need to be well equipped with knowledge. This article provides some essential points to help you come up with an exceptionally high-risk merchant account provider. What to Look for in a High-Risk Merchant Account Provider A high-risk business is associated with a higher risk of fraud or...
High-risk businesses can really have a difficult time acquiring credit card processing solutions, business loans, and even business insurance. Payment processors prefer to work with low-risk merchants as they have a lower risk of being subjected to chargebacks and fraud. What Is A High-Risk Business? A high-risk business is a type of business that has been designated by both payment...
Credit cards have long been held as the preferred form of payment by consumers. Businesses prefer them as they do not have to worry about paperwork, bookkeeping, or tracking payments. Although credit cards are the ideal form of payment that can streamline the payment process for both businesses and customers alike, not all businesses will be approved for a credit...
If you are a high-risk business that sells vape products, CBD, cigar, or tobacco products, know that your options to acquire a merchant account to process your credit card payments will be limited Why? These industries fall under the “high-risk category”. The items you sell may be perfectly legal, however, there are reputational risks, financial risks, and higher incidences of...
When you are ready to process the credit cards for your business, you will be sent looking for a merchant account through a merchant account servicer. The search won’t be hard, for the market has grown large over the last ten years or so. As quick as a blink of an eye, you can have a whole page of servicers...
