Is it possible for a high risk business to get an
A Merchant Account is
required for any business which has to
accept payments made through credit
cards. Even high risk businesses will
need a merchant account. Do you own a
high risk business? Do you have a
merchant account for the business?
In the “Credit Card Processing”
industry, there are several different
reasons why any business is considered
as a high risk business.
Firstly, it may actually be a high
risk business from old times. Such
businesses include collection
agencies, aggregators, e – commerce,
Multi – Level marketing and travel.
Secondly, the high volume of the
business makes it very risky.
And finally, a company is branded as
Risky because of its credit history.
The question still remains: Can high
risk businesses get a merchant account?
The answer is an overwhelming “Yes”.
However, it is not very simple or easy
to get an account for your high risk
business. You have to go to the right
people and get the right guidance and
advice before opening a merchant
account. This is also necessary because
you should be safe from high rates and
fees that are associated with the High
Risk Merchant Account.
Taking the advice of an expert is very
critical for the success of a high risk
Five points that you should consider
before selecting your account provider:
All the rates and fees should be
disclosed, discussed and understood by
you before you sign the contract.
If your intend to take your business
abroad, then your experts should be able
to negotiate a deal which will attract
the lowest rate that is available in the
The Processor of the “High Risk Merchant
Account” should have proper access to
several credit sources which include
offshore options and liberal banks.
Your Processor should have sufficient
experience in dealing with “Offshore
High Risk Merchant Accounts”, related to
Your application must be filled and
submitted by professional risk experts.
Three tips that will take you a step
closer to acquiring the “High Risk
Business Merchant Account”:
Be honest with your financial experts
and disclose all your financial history
and challenges, accurately. If you
acknowledge your previous mistakes such
as bankruptcies, missed payments, etc.
then you are one step closer to that
“High Risk Business Account”.
Be open to other options such as the
offshore accounts because they have the
capability to offer you the best
solution of a merchant account.
Do some research and look for processors
of credit card who have expert knowledge
related to High Risk Merchant Account
for your industry. Don’t get scared to
ask as many questions as your like.
Remember one fact, the more educated you
are the better your choice will be for
Therefore, the conclusion is: If your
business is considered high risk, then
also you can obtain a merchant account
called as the “High Risk Merchant
one of our helpful account
representatives to assist you in the
high risk merchant account or
offshore merchant account for a
high risk merchant.