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19-Apr-2017 02:42

While the exact criteria for determining high-risk status vary from one provider to the next, the following factors are usually used to determine whether a business qualifies as high-risk: Below is a list of business types that are often considered high-risk.While this list doesn’t cover every single possible high-risk business, it does include the categories that are most often regarded as high-risk.In this article, we’ll discuss the factors that lead to a business being labeled high-risk and how this determination will affect your ability to get a merchant account.We’ll also provide some recommendations for high-quality providers that specialize in servicing the high-risk sector.Finally, we’ll give you some tips for avoiding the not-so-high-quality providers that prey on high-risk merchants.Looking for the best high-risk credit card payment processing companies?While some business types, such as pornography or drug paraphernalia will almost always be placed in the high-risk group, others may or may not be, depending on your processor.

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Unfortunately, there are also plenty of merchant services providers that deliberately market to high-risk businesses that are struggling to get approved for a merchant account, only to rip them off with outrageously high fees and rates, as well as draconian contract terms.

This helps to reduce their exposure to fraud and keeps costs low for their existing clients.



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