Many merchant account providers will deny an application for a merchant account for people who have previously had problems with their credit. It can be a real problem to find a merchant account and even if people can find one, the rates that they get charged are often extremely high and so make business extremely [...]
Generally any business that can be termed Adult, no matter how loosely, gets labeled as ‘high risk’ by most merchant account providers. The fact that many adult businesses are based on processing payments through the Internet makes issues even more difficult. Generally, with most of the mainstream merchant account providers, it will be very difficult [...]
For some businesses that are considered ‘high risk’ it can be tough to get a merchant account, and even if it is possible to get one, the rates are normally really high and massively eat into profit margins. Also many of the companies that are prepared to offer these types of account are based offshore, [...]
There are many businesses that are currently classified as being high risk. E commerce businesses regardless of their industry are often looked at this way due to the fact that the customer is not ‘there’ when the transaction is made. Other businesses are classed as high risk due to the industry, or niche that they [...]
