High Risk Merchant Account

High Risk Merchant Account

Business needs a merchant account to accept credit cards payments and process the further transaction. Some businesses with good trading nature can easily operate and process cards online for such types of businesses owning a High Risk Merchant Account is a straightforward process. But if your business is considered high risk, obtaining a merchant account becomes challenging. In such case, you need high risk merchant account services, which are quite expensive. Traditional banks and financial institutions are wary of businesses classified as high risk and often reject such applications.
Often, high-risk merchants will have to pay high-risk rates. However, we have found that we save 98% of vendors on processing fees over what they are currently experiencing whether they have low, medium or high-risk needs. Be cautious because there are many providers who will automatically approve applicants with predatory contracts and outrageous rates. Always check your contract and see if there are standards for minimizing the transaction rates. Larger reserves, rolling reserve agreements and other types of risk minimization can help an applicant obtain the best rates possible.

Industries considered High Risk:

While the list below is not exhaustive it does include industries that are deemed high risk. Now high risk does not necessarily mean unprofitable, it simply means that the bank feels there is the strong possibility of refunds, charge backs, and fraud. Below mentioned are some:

  • Online Gaming
  • Online Pharmacies
  • Health and Wellness Products
  • Call Centers
  • Dating websites
  • Forex
  • Nutraceuticals
  • E-Cigarettes
  • Travel
  • ISP and Hosting Services
  • Mail Order
  • High-volume E-commerce Businesses
  • Money Transfer
  • Prepaid Phone Cards
  • Airlines
  • Antiques
  • Bankruptcy Attorneys
  • Gambling
  • Credit Repair
  • Drug Paraphernalia

Why are you considered high risk?

There are a number of reasons why your business may be considered as high-risk, besides your industry type:

  • History of high charge backs
  • Low credit scores or bad business debt
  • High risk industry with high sales price; viz. debt collection
  • Merchants placed on the MATCH list due cancellation of previous credit card processing
  • Merchant account denied previously

A best possible solution for high-risk business merchants is to build a relationship with online payment gateways that specialize in these business types. Such payment solution companies assist you in monitoring suspicious transactions, fight charge back, identify possible threats and consistently manage your risks on a day-to-day basis. These gateways provide expertise and tools to enable merchants in running their business with a healthy account, successfully for a long period of time.

Why choose our services?

Is your business classified as high risk? You need not worry! InternationalBankServices.com based in London, U.K., is associated with a large number of offshore acquiring banks and large payment processors offering reliable, stable and secure payment processing for most high-risk businesses. Our rates are very competitive, unlike other high-risk payment solutions companies. Our team of experts will guide and advise you through the process and help you acquire the best possible solution for your business that benefits your unique requirements. Contact InternationalBankServices.com today to know all about High Risk merchant account solutions for your business.