Do I Need a High Risk Merchant Account?

Any merchant who wishes to allow their customers to pay with a credit card needs a merchant account. However, some merchants may be classified as “high-risk,” and this can make finding a credit card processing company who will take your business difficult. If this is true, you need a high risk merchant account.

Businesses that have increased risks of fraud, a high turnover rate or a high credit rate may be considered high risk. Some examples of companies that may be considered as high-risk include, but are not limited to:

• E-commerce sites
• Adult entertainment
• Tobacco/cigarette products (such as ecigarettes)
• Health and weight loss products
• Online dating
• Gaming
• Travel

Additionally, a company with bad credit may be considered high-risk. We don’t base our decisions solely on your credit. We will evaluate your business as a whole to determine where your risks are. If your company is struggling with finding a credit processing solution, we can discuss your options with you. Contact us at 1-800-930-4476.