What are the High Risk Merchants?

It is difficult to start a business, as well as applying for a merchant account. The merchant accounts get approval or disapprove from the risk departments. While considering the business to be high-risk business or Low-risk. There are few reasons why any business can be in high-risk business . Risk factors that make a business HIGH RISK You have lost your previous merchant account due to high chargeback ratio. Questionable sales and marketing tactics. Potential legal and financial liability. Your credit is really bad. Industries with excessive chargebacks or fraud incidents. Trial continuity business. Previous credit card processing is not good enough. You’ve been branded as a terminated merchant (TMF). The high-risk merchant account categorization depends on your business’ industry. Regardless of your individual businesses’ track record. In addition, the high-risk category includes businesses that are declined by a previous credit card process...