What is a high risk merchant account?

A high risk merchant account is an account that is designed especially for businesses that are of a high risk nature. These businesses include telemarketing companies, infomercials and advertisements, online dating sites, adult related ventures, pharmaceuticals, and the travel industry. Because these businesses typically take on more "risk" when taking on customers, they qualify for special high risk merchant accounts. A high risk merchant account is also for those companies that reside outside of the United States, or those that are having trouble being approved by other credit card processors.



As a high risk merchant account holder, will I incur more fees?

Possibly. Please understand that a high risk merchant account is one where the provider of that merchant account takes on risks when agreeing to provide the credit/debit card processing services. These risk include the acquiring of a bad reputation for handling transactions for certain types of businesses, fraudulent activity and even chargebacks. Because of these risks, a high risk merchant account holder may have to pay more and/or higher priced fees. However, the standard of service is always the same as that of a standard merchant account.



As a high risk merchant account holder, will I receive the same features as other merchant accounts?

Absolutely. Our high risk merchant accounts receive the same features and benefits as a standard merchant account does. While a high risk merchant account means that the business associated with it is of a high risk nature, that does not mean that the high risk merchant account holder and the customers involved do not deserve the same high standards and quality service, benefits and features.



How does a high risk merchant account differ from other merchant accounts?

A high risk merchant account is a type of an account that is reserved exclusively for businesses that are considered high risk. A high risk merchant account is one that is modified to overcome the risks associated with these business types, while still providing above and beyond satisfactory service to both the merchant account holder and their customers. While a high risk merchant account stands apart from typical merchant accounts, and may have more and higher associated fees, it still is a merchant account, and works just like one.



Do I qualify for a high risk merchant account?

High risk merchant accounts are reserved for businesses that are classified as being of a high risk nature. Not all businesses or business owners fall into this category. Those businesses that do are typically related to the adult industry, the travel industry, infomercials and related advertising, cell phones, prepaid phone cards, lotteries, online casinos and drugstores. Those business owners that fall into the category of high risk are those that do not have good credit, or those that have had their merchant accounts closed in the past.