Many vendors with high risk companies forgo the opportunity to get a merchant service account, because of fear of rejection. They instead choose an avenue such as PayPal, due to low fees and questions. However, PayPal is notorious for flagging, suspending, and even closing accounts that have a large volume of activity. It’s time that you looking back into merchant account providers, as there are options for your high volume, high risk business.
The high risk term attached to businesses are turn-offs to many merchant account providers, as this label means that these companies are at a higher risk of having fraudulent activity. Because of this, many vendors think the only option they have left as far as credit card transactions is through PayPal. PayPal seems trustworthy, and it has been around for a while, so it is well known. However, PayPal is notorious for flagging, suspending, or even closing accounts without notice. This happens when a receiver or vendor has what PayPal considered a “suspiciously large” number of transactions at any given time. This cannot only damage your web store, but it can also cost you money, as at times PayPal does not refund the money is has flagged.