A High-Risk Merchant Account is a type of business bank account that is specially assigned to those merchants who deal in a business that has a degree of risk associated with their business. Having a high-risk merchant account allows the business to accept card payments from customers and offers a subset of services. It is often seen that business with the high-risk label, have limited choices in processors, plus higher fees and stricter contracts, and in such scenarios, High-risk merchant account is a must.
Below are a few common industry types that are found to always require a high-risk payment gateway.
- Accounting & Tax Prep
- Adult Entertainment
- Cigarettes & Tobacco
- Web Design Services
- Digital Downloads
- Smoking Accessories
- Nutraceuticals and Supplements
- Vape & E-Cigarettes
- Dating Services, etc
How a High-Risk Merchant Accounts Impacts Your Business?
With a label of high-risk business, your business will have to go through extra scrutiny in order to receive international payments and other merchant services. The possibility is that your business may get entitled to a limited number of transactions in a month or be required to have a certain amount of cash reserves.
Moreover, in most of the cases, a merchant may be required to pay higher fees and/or processing rates to receive a variety of merchant services due to your high-risk designation.
Being in an online business, it is very essential for the merchants to boost their online presence and gain more customers. And this is where a High-Risk merchant account will help you. If you are the one planning to sign-up for a high-risk merchant account, do read the advantages below:
- These accounts allow the companies to accept different modes of payment
- The set-up process is easy and streamlined
- Offers fraud protection against chargebacks
- Offers companies that safety net and help them to expand their business
Why Choose us?
- We offer advanced Fraud-protection tools
- Chargebacks and Risk Mitigation
- We offer personalized services
- High-Risk Processing Solutions
- We are specialists in placing high-risk merchants
- Offers Credit Card Processing Solutions
Contact Us Today
Webpay offers fast approvals and our team will guide you at every step that will make the process of opening a High-risk Merchant Account easy and convenient. Fill the online application form now, and get in touch with us…
Read our another blog post: International Payment Gateway Provider Offers way-outs To High-Risk Businessman