Tips for High Risk Merchants

 

Being a high risk merchant has its ups and downs. On the UP side, a high risk merchant is typically in a high volume industry where the tickets are large and the profit potential is enourmous. Such industries include collection agencies, travel companies, timeshare businesses, herbal remedies, financial consulting, adult businesses, gentlemans clubs and the like. These business have both high profitability and also higher chargeback and dispute rates. We have reviewed many processors who are focused on the High Risk Merchant Service industry. These include merchant services such as IBI Services and up and coming high risk solutions such as E.M.S. Each company has their own underwriting process that will evaluate your business model, your processing history and your credit profile.

Advice for Business Owners

 

Reviewing merchant account providers? What should be a simple and straightforward process can actual be quite daunting for a merchant – whether you are new to credit card processing or have been processing for years. The various cards, fees, and rates that come with accepting credit cards at your business, create a complicated maze of options that can easy overwhelm anyone trying to choose the best merchant account for their business. As a result of this confusion, merchants are constantly being taken advantage of by both overly complicated contracts, and unfortunately in many cases through outright deception by their merchant service provider.

Merchant Account Providers will often try and distract you by using words like “free”, “rates as low as…”, and other flashy sales pitches to confuse you from what matters. Ignore the noise and focus on these key areas to save money and find a merchant account that is suited to your business.

Read our full set of tips for business owners here. In addition be sure to check out our reviews, and advice, articles designed to empower business owners to make the right decision for their needs.

Recent Reviews

Bank of America Merchant Services Review

Bank of America Merchant Services Review

Bank of America Merchant Services started in 2004 and is based out of Louisville,

PayPal Review

PayPal Review