It can be difficult for business owners to be told that their business is risky. Many merchants sell goods and services that are legal, effective, and fruitful, yet credit card companies and banks tell these sellers that they need a high-risk merchant solution.
Some of the factors that are labeled a business as risky and we help with:
A few general traits emerge that make merchants low-risk to payment processors. Low-risk merchants typically exhibit these traits:
As a high-risk merchant, you will be subject to the same kinds of fees as others, but they may be higher. You may pay a setup fee to open your account and a fee to close it, along with per-transaction fees, terminal fees (for in-person payments), and chargeback fees.