What is the Difference Between a Merchant Account and a High-Risk Merchant Account?
A merchant account or a high-risk merchant account are important tools for any business that is selling products or services. They perform the same tasks and provide similar services, such as processing credit cards. The difference is that some business fall into a high risk category, and must therefore pay for extra fraud protection from a high-risk merchant services provider.
As a business, you may not want to pay more for a high-risk account. But, it is necessary for your business to be as protected from fraud as possible.
Some reasons that you may need a high risk merchant account:
- Your business deals with sexually-oriented or pornographic services or products
- You are an online store
- You deal antiques
- You deal with gambling of any kind
- You sell drug paraphernalia
- You have poor credit
- You sell prescription pills
Call us today at 1-800-930-4476 for a free quote for your business.