Payment Processing for High Risk Merchants
Many businesses do not know they’re a high-risk merchant until they experience a crisis. This is why their account for processing payments is frozen due to insufficient funds.
Then is that the chargebacks start piling up, and the account gets totally shut down. The merchant is stuck trying to figure out how they can get out of a highly risky processing situation they didn’t have a clue about.
What are other activities that put businesses at risk?
There are several reasons for the high-risk category to befall a company, and it is in violation of underwriting guidelines and can hinder account approval. The most frequent reasons are:
- The industry is more prone to rates of fraud and chargebacks.
- Processing Card-Not-Present (CNP) transactions
- Services or products are sold by recurring bill
- Bank regards your business as an exposure to reputational risk
- Business is an industry that is highly controlled
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A trusted high-risk payment processor can play an important part in connecting you to a bank on demand. They also provide crucial solutions to safeguard your business, such as the tools for risk control. Regulations in these various sectors can be changed quickly and without warning. The high-risk payment processor you choose can quickly and efficiently assist you to navigate these waters, keeping your company efficient and out of legal problems.
Industries That Require High-Risk Payment Processing
Here is the list of the top industries that will need help from a high-risk payment processor.
Nutraceutical Merchant Accounts
The first item on the list of high risk merchants is nutraceuticals. Merchant Stronghold is the top of the line for payment companies that are deemed to be merchant accounts that are nutraceutical.
How do you get an account that is high risk for your nutraceutical company? It’s fairly simple. First, choose a merchant account payment processor provider. You must choose an established firm. So, choose one that has direct relations with bank sponsors and will provide you with payment processing services like Merchant Stronghold. In essence, you must choose a merchant account that is a high risk service to succeed.
This is why retailers who sell nutraceuticals often have difficulty getting credit card processing online due to excessive chargebacks and the continuity of the billing model. But, the majority of banks view merchants that sell nutraceuticals as risky. For instance, Merchant Stronghold understands the particular needs of the sector and offers a variety of international and domestic options to help you sustain your business.
Adult Industry Merchant Accounts
In the entertainment industry for adults, Merchant Stronghold leads the way in the industry as a trusted and high-risk adult merchant accounts service.
Finding a high-risk merchant bank account for a business in the field of adult entertainment isn’t a daunting task. In the absence of knowing where to begin, it could be overwhelming. This is particularly true when you were not aware that your company was considered high-risk. It is now the time to select the right merchant account processor.
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You must choose an established company such as Merchant Stronghold, which has close connections with bank sponsors who can offer payment processing. So, the most important aspect is to recognize that you require an account with a high-risk company to be successful in your business.
It can be difficult to find an appropriate adult-only merchant bank account to run your business that is for adults as it’s high risk. But, with the adult-only merchant accounts with Merchant Stronghold, you can get the account of one of our local or international acquiring banks at a reasonable rate. Whatever type of entertainment your company provides, Merchant Stronghold likely has an option for you. We can help you process payments within three days.
Vape and E-Cig Merchant Accounts
Merchant Stronghold is proud to be the leading payment provider in the field of high risk vapes as well as E-Cig Merchant accounts. Since regulations for payments becoming more stringent and more stringent, you’ll need an option you can count on.
Are you facing the daunting problem of finding a suitable payment processing solution in light of the government’s crackdown on smoking vapes as well as E-Cig sales? Do not be concerned about obtaining an account with a high risk to run your own vape E-Cig business. The first step is to select an extremely risk-free merchant account service provider. It is important to select a reliable company like Merchant Stronghold, which has close relationships with bank sponsors and will provide you with payment processing. The bottom line is that you require an account with a high-risk service to succeed in your field.
Electronic cigarettes or Vapes are considered high-risk in the world of online merchant accounts. This is why credit card processing solutions may be difficult to locate. The industry of vaping has grown to become a billion-dollar market due to its popularity. Grow your market share by establishing the help of an internet-based presence. Merchant Stronghold offers a variety of choices and makes it easy to get a vape merchant account in just 48 hours.
Kratom Merchant Account
Kratom is a plant-based substance with simulative and sedating properties and is growing in usage and amount of use. Based on testimonials from users it is used to ease body pain, signs of depression, as well as anxiety.
There have been very few studies conducted to verify the assertions. Certain customers have experienced very little or no success in eliminating any health problems so these sales become chargebacks.
Subscription Box Payment Processing
If your business has subscription billing, you’re on the list of high risk merchants. Don’t worry about it, if you require a business to handle payments for a risky subscriber box account Merchant Stronghold has you covered.
How can you find an extremely risky processing partner for your subscription box company? Good question. The first step is to select the right merchant account processor. Therefore, it is important to select a reliable company such as Merchant Stronghold, which has directly connected with bank sponsors who will provide you with payment processing. It is essential to choose a high-risk merchant account service provider for security and stability for your business.
Are you having difficulty finding an acceptable subscriber box-based merchant account to use for your eCommerce site? Subscription boxes are regarded as high risk in the merchant account online world due to the fact that they typically use recurring payment methods. Thus, solutions for processing credit cards are difficult to find.
The market for subscription boxes is expanding rapidly. Increase your market share by having your online profile. Merchant Stronghold has multiple options for you to choose from and is easy to get the subscription box merchant account.
Gaming Merchant Account
The gambling industry has seen a boom over the past few years. The most significant red flag for banks is the fact that a lot of these gaming firms are located offshore. These are the kinds of companies that have been exposed for engaging in money laundering and fraud actions.
In the end, Merchant Stronghold has the expertise, and experience in high-risk merchant account payment processing that can provide solutions to all of these sectors and more. Contact us now by dialing 1 (888) 622-6875, to be approved for your business’s merchant account.