Types of businesses that need a High-Risk Merchant Account
- Annual memberships
- Adult products
- Bail bonds
- Online dating sites
- Business opportunities
- Electronics sold online
- Home-based
- Online auctions
- Horoscope/Fortune telling
- Mail order or telephone order
- Multi-level marketing (MLM)
The worst-case scenario of taking a loss on your account, due to your personal credit or company financials not able to support the sales volume that you are applying for.
Your service or product has a longer chargeback liability period. If you are offering annual memberships, customers have 18 months to issue a chargeback (6 months from the end of the service date).
You are in an industry that has a history of high-chargebacks. The bank feels they will spend too many resources managing your account, and eventually have to turn you off regardless if/when you exceed chargeback thresholds.
The account has a “reputation” risk, such as the adult industry.
If you are on the TMF or MATCH list.
If you need Merchant Account and If you are searching online for key phrases related to high-risk merchant accounts and provides of Visa, MasterCard, American Express, discover credit card processing services for high-risk business types and if you need some help. then you come to the right place #Merchant Stronghold. Almost everything you need to know about receiving credit cards in USA, UK, and Canada with a high-risk merchant account can be found here for our goal.
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