High risk merchants are facing a major problem in the United States. Well managed businesses that are considered “high risk” are discriminated against every day simply because of this unofficial categorization. As a result, these businesses are either denied merchant accounts or penalized with excessive account fees. Many business owners do not understand how being high risk can affect their ability to find a payment processor, serve their customers, and make money. Luckily there are a few online payment processors that specialize in managing and growing high risk merchant accounts.
The following are classified as high risk industries:
- Technical Support
- Bad Credit Assistance
- Credit Repair
- Adult Content
Because high risk businesses have such a hard time acquiring legitimate merchant accounts, many resort to only dealing in cash, or they turn to offshore and international sources. The High Risk Guys (HRG) recognize that these and others are legitimate businesses should not be penalized simply because they may be susceptible to higher instances of fraud and chargebacks.
To receive the best merchant account management, high risk industries must turn to credible third party payment processors who are skilled in navigating the complex waters of high risk management for fair rates. A payment processor is a service that a particular payment gateway sends transaction requests to. The processor then sends the authorization from the credit or debit card provider and sends them across the network to payment gateways. It is also the payment processor’s duty to handle any instances of chargebacks and to monitor fraud.
Professional online account management provides fast, simple, and efficient solutions to high risk account needs. With HRG high risk businesses can avoid the inconvenience of chargebacks and excessive money handling through secure account surveillance and access to multiple payment gateways.
Fill out our no obligation form below to get more information on a high risk merchant account today!