There are many reasons why a merchant services provider might class a particular merchant client as “high risk,” including:
- A history of chargebacks or an increasing rate of chargebacks.
- A previous application rejection by another merchant services provider.
- Engagement in an industry that is considered high risk, such as an online pharmacy, adult entertainment venue, or debt collection.
- Business operations offshore, or a business model that involves international dealings.
- Poor credit scores.
Start-up companies that have never held a merchant account before may also be considered high risk until they have accrued a successful business record.
Too often companies that have been classed as high risk have to find alternate sources of processing, include processing services delivered offshore.
MerchantSeek understands the dilemma faced by high-risk merchants and attempts to cater to their particular needs by offering competitive fees and a powerful anti-fraud screening system.
Often when a merchant has better tools to combat potential chargebacks, their high risk status is quickly mitigated. In the best case scenario, MerchantSeek can have your business processing all major credit cards in a very short amount of time.
High Risk Business Areas
These services are especially well suited to high risk merchants in the following business models:
- Collection Agency
- Internet-based Businesses
- Electronic Cigarette Vendors
- Travel Agencies
- Loan modification and Loss Mitigation Services
- Pharmaceutical Merchants
- Ticketing
- Telecommunications
- Entertainment
- Content / Subscription
Benefits
Our partners offers everything your high-risk business demands, including:
- The ability to accept all major credit cards, debit cards, and local methods of payment.
- Secure, real-time Internet payment processing solutions.
- A reliable infrastructure that is monitored around the clock, seven days a week, 365 days a year.
- Fast turnaround and easy setup.
- Automated recurring billing options.
- Anti-fraud screening to minimize chargebacks.
- Multi-currency payments and settlements.
- Easy-to-use online reporting.
There are also specific payment options tailored for:
- Collection Agencies
- Electronic Cigarette Merchants
- Loan Modification and Loss Mitigation Consultants
- Pharmaceutical Vendors
Apply now for a high risk merchant account by completing the short form below. A representative will contact you with more information to discuss your application. You are under absolutely no obligation to work with MerchantSeek or our partners by filling out this form or speaking with our representative.
