High Risk Merchant Accounts & Services
High risk merchants are service providers who may experience high turnover, an increased risk of fraud, and/or high credit rate. In some cases, a business may be considered “high-risk” and require high risk merchant accounts based entirely on the nature of their industry, no matter how legitimate the operation is. Often, a merchant does not realize the risky nature of the industry and may be turned away from a bank or experience high cost per swipe fees. Below are some industries in which a business can often benefit from working with a high risk merchant account provider, a full list of industries is available on our FAQ page.
For those companies that have been labeled “high risk”, it can be difficult to find a merchant account provider to work with for convenient credit card processing. If you’re the type of merchant who falls under the umbrella of “high risk” services, it would serve you well to work with a provider that specializes in high risk merchant accounts. Setting up a merchant account can even help businesses grow their revenue through the availability of more products, increased sales, and protection from fraud.