Businesses that have high credit rates, increased risk factor, potential fraud in addition a high turnover fall in the “High Risk” category. Merchants with high risk businesses have a difficult time getting accepted with banks and credit card processors and many merchant account providers are not prepared to take the risk. Usually charges tend to be so high that most merchants back out.
Businesses related to industries like adult entertainment, online pharmacies, replica products, gambling and casino providers, travel, sports wagering, online tobacco business, alcohol, online dating, computer hardware and software, debt services, hosting and email services etc are viewed as high risk.
The major reason for banks and processors for turning down the high risk merchants is the volume (caps) limit. Because these businesses are high risk, there is always a chance that turnover would be high and also the merchant account would be closed down due to this.
Very few merchant account providers will offer you high risk merchant account services for all your organization needs with along with assorted major benefits. With a risky proposition merchant account you basically require various services that can help facilitate your business. Not every high risk merchant account service provider will provide real-time and cost effective solutions with a simple setup. Having an e-commerce business without a shopping cart application is next to impossible and so you need a provider whose services allows you and your customers to process transactions online. With the internet fraud on rise, make sure that your high risk CBD merchant account us account provider is also supplying you online fraud protection with scam control and SSL encrypted servers so that you can process the payments with worries. Automated recurring billing, online reporting, dependable infrastructure, 24/7 customer support, multi-currency processing and major credit and debit card acceptance are just a some of the major benefits that your high risk merchant account provider should offer.