A high risk merchant account is usually where a business falls into a category where the acquiring bank will accept the application with terms & conditions assigned to it.
It’s usually where a business is operating within an industry that has experienced high level of chargebacks or sectors that have strict regulatory terms to adhere to.
We have listed a few above but they are not limited to the examples provides. There are many other sectors considered high risk, please contact us for further advice.
Each Acquiring Bank will have their own appetite for risk, it can vary form each provider. It can be based on their own experiences or industry trends.
Firstly, relax! You’ve come to the right place… if you are operating in a high risk sector, you can save time applying to a specialist providers that can guide you through the process.
More or less the same as a tradition merchant account. There may be a few additional stipulations imposed by the acquiring banks to give them added security when providing the service to you.
More or less the same as a traditional merchant account. The acquiring bank may request longer settlement terms or enhanced due diligence when applying for the facility.
More or less the same as a traditional merchant account. The acquiring bank may request longer settlement terms or enhanced due diligence when applying for the facility.
No! This a major misconception within when processing payments in high risk business sectors. There are other factor that may mitigate the level of risk the acquiring bank assigns to your application.
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