What Is A High-Risk Merchant Account?
Some businesses are classified as high-risk businesses with a greater chance of being the victim of fraud. Businesses with a high turnover and large amounts of sales tend to be considered high risk. If your business falls into this category, you probably need a high-risk merchant account.
Some businesses that fall into this category are:
- Online casinos
- Adults products and services
- Online dating services
- Online auctions
- Large ticket merchant accounts
- Online credit card processing
- Gun dealers
- Escort services
- Timeshare and Timeshare advertising
- Weight-loss products
- Fortune-telling services
High-risk accounts, of course, come with higher costs because of the increased fraud risk. However, the added costs are worth it for the protection that a high-risk account will provide your business.
Call us at 1-800-930-4476 to find out if we can help your business and to receive a merchant account quote.