A Brief Introduction to High Risk Business and High Risk Merchant Account

An account associated with a high risk merchant or business is known as a high risk merchant account. This merchant account is for a business which is allowed by a bank or other financial institute to collect payment from customers using credit or debit cards. Most of the card processors avoid the processing of accounts associated with a risky business. However, there are some account providers who are specialized in processing high risk merchant account. A business is considered as risky by card processors if:

•   Chargebacks are high

•   The number of chargebacks increases rapidly

•   The merchant is in the debt collection, online pharmaceuticals and other risky businesses.

•   Merchant account request is rejected by some other merchant processor  

•   Business has bad credits and poor credit scores

•   The business is being conducted across the border

 

High risk merchant account is required in businesses like:

•    Travel services

•    Adult products

•    Annual memberships

•    Debt services

•    Telemarketing

•    Multi-level marketing

•    Firearm dealers

•    Online auctions

•    Horoscope/fortune telling

•    Mail or telephone orders

•    Bail bonds

•    VOIP or calling cards and many more

If you are running a high-risk business and your card processing application is turned down by a card processor then you need to worry. Free Merchant Accounts is one of the leading card processors offering reliable high-risk merchant account to small and large-scale risky businesses.

So, what are you waiting for? Visit Free Merchant Accounts now!