Monthly Archives: August 2020

When Your Business Is Considered High Risk

Is your eCommerce business dealing with a higher risk of chargebacks? Are you wondering who can help you with credit card transaction processing? No worries. In this article, you’ll get help with high risk merchant accounts to start accepting payments online.

Low & High Risk Merchant Accounts

Low risk merchants are those running businesses associated with significantly lower risks. Unlike a high risk merchant account, a low risk one comes with lower fees and charges from banks.

As for high risk business owners, criteria for determining who’s a high risk merchant aren’t the same with all payment processors. To acquire a high risk merchant account, you should look for a reputable payment processing services provider that specializes in the high risk field. 

Thanks to a true high risk payments specialist, you can be sure to get fast and hassle-free access to the most secure and cheapest high risk merchant accounts in the industry. This is how you can enjoy the most advanced fraud prevention and chargeback mitigation services in the high risk space. 

Specifics of High Risk Businesses

It’s important for you, as a merchant, to avoid putting your business in the high risk category just because a scammer invaded your site or you weren’t able to manage chargebacks properly. It’s critical to be able to mitigate your chargeback rate and avoid fraud as much as possible. This way, you can work on cutting your risk level.

To process credit card payments, you can’t do without paying certain fees. Low risk merchant processing fees are significantly lower as compared to the high risk ones. However, you can shop around to find a high risk merchant processor that offers the lowest possible credit card processing fees in the industry. 

In addition, low risk merchants have access to limited and highly restricted services when it comes to international transactions. A high risk merchant account has access to international transaction services with fewer restriction, which guarantees wider expansion. 

So, your business may be tabbed as high risk if it’s in a high risk field and is associated with a risk of financial failure. Traditional processing agreements aren’t typical of high risk merchants, that’s why it’s crucial to work with a respectable high risk processor to enjoy the best for your business.

Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that provides the safest and cheapest high risk merchant accounts in the industry. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.