High risk businesses entail high risks related to payment processing because transactions made for their products are susceptible to chargeback and fraud. It can be an uphill task when it comes to selecting an experienced high risk merchant account provider.
There is a range of merchant account providers that may suit your requirements. It is important that you first know whether your business falls under the category of high risk. Given below is the list of businesses that are deemed high risks.
Online Gambling, Online Gaming, and Casinos.
Sports Booking.
Travel and Advanced Booking.
Subscription-based services.
Telemarketing services.
Bitcoin Mining or Forex Trading.
Cannabis Products / Head Shops.
Pharmaceuticals.
These businesses are few of them there are many other high risk businesses. Research properly to make sure that whether your business is high risk or not. Work doesn’t end here; the next hurdle could be finding the right processor.
Don’t worry! This blog will guide you through the most experienced high risk providers.
4 experienced high risk merchant account providers
1.Payment cloud
This merchant account provider has the best reputation among high risk merchant providers. Go through its website to find out about the services it offers.
2. Durango
This is best for e-commerce merchants and for those who are looking to get an offshore account. It is always a good idea to know more about the services and the fees they charge.
3. Host merchant services
They are top-rated credit card processing service, providers. They deal in payments for all the businesses.
4. My green merchant services
Based in the USA this is one of the best merchant account providers. They are known for their extremely professional services in dealing with the CBD merchant account. They are also known for their top–notch customer services. Check out the details on their website for payment processor services.
The dealing in high risk businesses is not an easy task. The only reason is the increased vulnerability of such businesses to fraud. High risk merchant account not only safeguards your business from frauds and excessive chargeback but also help you to process payments conveniently. Money charged for the processor fees should not be the constraint for you, just look for the High risk merchant service provider that is your budget friendly. You can look for different merchant account options at Mygreen Merchant Services.