What is a High Risk Merchant Account?
Specific industries carry a higher amount of risk than others. Even if your business is relatively stable, your sector may experience a higher-than-normal payment default rate, chargebacks, or instances of fraud. As a result, it may be challenging to find reliable payment processing because many companies may see your business as a potential risk. A full-service, high risk merchant account allows businesses in these fields to get the payment processing they need to run their company.
At Group ISO, we have more than 20 years of experience as high risk merchant account processors and work with businesses in various industries.
Industries We Serve:
- Nutraceuticals
- TMF/Match List
- Travel/Vacations/Airlines
- Alcohol
- Adult Novelty/Online Dating
- Continuity/Autoship
- Firearms
- Multi-level Marketing
- CBD Oil Products
- Telemarketing
- Accounts Receivable
These only represent a handful of the industries we serve. Call us to learn more.
High Risk Businesses
Accounts Receivable • Adult/Dating • Alcohol Sales Online • CBD
• Continuity • Firearms • Magazine Sales • MLM • Match List
• Nutraceuticals • Telemarketing • TMF • Vape
Weight loss, anti-aging, anti-hair loss, muscle-growth, energy-boosting, teeth whitening, fitness, skin treatments and other wellness products.
What are the Benefits of a High Risk Merchant Services?
Every business needs to process payments. But suppose you aren’t in an industry considered safe and stable by the traditional payment processing industry. In that case, getting approval for certain accounts or avoiding exorbitant fees may be challenging. High risk merchant accounts offer better protection against chargebacks, a flexible approval process, and the potential for greater long-term growth. High risk merchant account processing can be especially vital for businesses that are just starting out and need proof that they can establish stable income and maintain a positive credit history.
At Group ISO, we are dedicated to helping businesses of all types grow and thrive. We have the expertise and experience to match high risk merchants with the ideal payment processor. We offer competitive pricing on high risk merchant services and 24/7 support to ensure your needs are met regardless of your budget and goals. Contact us today to schedule a free consultation.
High Risk Business and Industry Types We Serve:
Merchant service provider suddenly shut down your account? Were you denied a merchant account? You may have been placed on the MATCH list, also known as the Terminated Merchant File (TMF)
Timeshares, airlines, travel agencies/agents, cruises, steamships, tour operators, vacation clubs, and travel clubs
These only represent a handful of the industries we serve. Don’t see your business or industry here? Contact us to learn if we can offer high risk merchant services for your business.
Group ISO’s High Risk Merchant Account Services
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High Risk Merchant Account Processors FAQs (Frequently Asked Questions)
1. What Is a High Risk Merchant Account?
- Higher than normal chargeback rates
- More instances of fraudulent activities
- Increased regulatory issues
2. How Do High Risk Merchant Account Processors Benefit Businesses?
- Higher potential for greater long-term growth
- Multiple bank options
- Processing payments easily
- Secure payment gateways
- Better protection against chargebacks
- Flexible approval processes
- Improved risk mitigation
3. How Does a High Risk Merchant Account Work?
Almost every business must process payments. Unfortunately, traditional payment processors sometimes view certain industries as riskier than others. This situation can leave high risk merchants a difficult time getting approved for a merchant account and high rates and fees.
Opening a high risk merchant account helps protect your business from being closed, fraudulent transactions, and high chargebacks. Merchant services for high risk companies are also vital for brand-new businesses needing proof they can establish stable income and maintain a positive credit history.
4. Can Group ISO Approve a New High Risk Business?
Client Support: 800-960-0135
Sales: 800-722-4476
Agent Support: 800-960-0135
Office Hours: Mon-Fri 7:30 AM – 5:00 PM PST
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