What Is A High-Risk Industry?

The following business types made our list of high-risk businesses: Adult/pornographic businesses eBay/Amazon/Yahoo/Google stores Cigarettes/vape shops Auctions Debt collection services Drug paraphernalia vendors Fantasy sports websites Financial planning/consulting "Get rich quick" schemes Investment firms MLM businesses Online gambling Pawn shops Real estate Telemarketing services Vacation planners Weapon/firearm vendors

What Are High-Risk Merchants?

A high-risk merchant can be someone whose business falls into a high-risk category and/or someone whose personal factors make them high-risk. These factors can include being on the Terminated Merchant File/MATCH list , having bad personal credit, or having no/little business history.

Which Products & Services Are Considered High-Risk?

Essentially, the sale of any product that is heavily regulated or whose regulation varies by state is considered high-risk, examples of which include pornography, alcohol, cigarettes, and firearms. Additionally, any service that has a history of incurring excessive chargebacks, including international merchants dealing in multiple currencies, may be considered high-risk.

What Is A High-Risk Merchant Account?

These merchant account providers offer merchant accounts to businesses considered high-risk. These providers tend to charge higher rates and fees than processors who only service non-high-risk businesses.

What Is The Best Merchant Account?

The best merchant account depends on multiple factors, including your type of business, its financial strength, and its revenue. To get a sense of your best options, have a look at our favorite credit card processors for small businesses , then read our list of our top 6 high-risk processors .

What Does High-Risk Transaction Mean?

A high-risk transaction is any type of transaction that has historically incurred more chargebacks than the average transaction type.

High-Risk Merchant Accounts Blog Posts

Which Businesses & Industries Are Considered High-Risk? (& What It Means If You’re On The List)

While the continued existence of countless high-risk businesses demonstrates the fact that it is entirely possible to run a successful one, it’s true that a high-risk business classification complicates your ability to access certain business essentials, including business loans, credit card processing, and business insurance.

Everything You Need To Know About Finding A CBD Merchant Account & The 4 Best CBD Payment Processors

Looking for a merchant account for your CBD oil business? Check out our comparison of the best credit card processors for this niche.

Do High-Risk Merchant Accounts With Instant Approval Exist?

It all started with the telegraph. Invented in 1837, this technological advance enabled nearly-instantaneous communication across vast distances for the first time ever. Its introduction into commercial use disrupted a courier system that had been the only available method of communicating from one distant place to another for thousands of years. In 1861, the completion […]

Apr 7, 2020 Filed under: Credit Card Processing, High-Risk Merchant Accounts 4

The Best Offshore Merchant Account Providers

Ordinary payment processing is complicated. But finding good offshore, international, or high-risk payment solutions can be a real nightmare. If you fall into one of these categories, you’ve likely had your merchant account applications denied at least a few times. Even worse, perhaps you’ve had your processing service terminated and your money withheld from you […]

Apr 7, 2020 Filed under: Credit Card Processing, High-Risk Merchant Accounts 6

Best high-risk payment processors to work with

Need A High-Risk Merchant Account? Here’s The 6 Best Payment Processors To Work With

Choosing a high-risk merchant account provider isn’t the same as working with other payment processors. You can expect different pricing and contract terms — but you shouldn’t compromise on customer service. Here are 6 great providers that offer great service, fair pricing, and reasonable contracts for small businesses.

Oct 13, 2020 Filed under: Credit Card Processing, High-Risk Merchant Accounts 41