There many businesses in the world today those are considered to be high risk businesses.
These businesses may be make lots of money but it is very important that you get a top provider so that you can accept credit card payments online.
The problem with a high risk business is that most banks and merchant account providers will have nothing to with such a merchant.
It can be quite hard to find a processor to start accepting card payments online.
Irrespective it is very important for even a high risk business is able to accept this form or mode of payment as majority of the world today makes all their payments with their credit cards.
Gone are the days where people made all their payments by cash.
When you have a business website you have access to global clients so you can't expect some in a different country to pay by cash.
The problem is that many businessmen do not know if their business is a high risk business or not.
They have no idea that their industry falls into the high risk category.
This depends mainly on the type of business that you are getting into.
Banks and providers are worried about the returned products in such businesses.
Risk is based on business history, probability of chargebacks, return of the business and the planned method of accepting credit cards.
When a merchant is in the adult business it often happens that his products are returned.
There is also a risk in gambling institutions.
Here is a list of industries that fall into the high risk category.
1.
Adult Industry 2.
Bad Credit, Poor Credit, Bankruptcy 3.
Casino and Gambling industry and sports betting 4.
Travel agencies who cater to advanced booking.
5.
Multi level Marketing and telemarketing 6.
Imitation or replica item sellers 7.
Tobacco industry 8.
Airline Industry 9.
Night Clubs and Bars 10.
Credit repair companies 11.
Offshore account providers 12.
Online pharmacies and Supplement websites These are just a few from a large list of high risk businesses.
These are the most common though.
Fortunately there are a number of top providers who are here to help such businessmen.
Many merchant tend to think that third party processors and offshore merchant service providers are their best bet.
This is true, but there are a number of companies who provide great services for such businesses.
A few of these top providers are Durango Merchant service, InstaBill.
com, ESC world global merchant services, 2Checkout and MerchantAccounts.
cn.
These companies have the perfect solutions for high risk category businesses.
Providers like Instabill and ECS have a 100% approval policy so merchants can breathe easy.
They support almost all high risk businesses.
They would create offshore accounts if required in order to accommodate clients internationally.
They also provide great services like fraud detection which is very important when it comes to high risk businesses.
Setting up your merchant account with these companies does not take much time and is a speedy process.
They have little or no set up fee and other charges are also quite marginal.
I strongly suggest you do some research on the websites of these top providers to get a clearer picture.
You would get answers to all the doubts you have.
These businesses may be make lots of money but it is very important that you get a top provider so that you can accept credit card payments online.
The problem with a high risk business is that most banks and merchant account providers will have nothing to with such a merchant.
It can be quite hard to find a processor to start accepting card payments online.
Irrespective it is very important for even a high risk business is able to accept this form or mode of payment as majority of the world today makes all their payments with their credit cards.
Gone are the days where people made all their payments by cash.
When you have a business website you have access to global clients so you can't expect some in a different country to pay by cash.
The problem is that many businessmen do not know if their business is a high risk business or not.
They have no idea that their industry falls into the high risk category.
This depends mainly on the type of business that you are getting into.
Banks and providers are worried about the returned products in such businesses.
Risk is based on business history, probability of chargebacks, return of the business and the planned method of accepting credit cards.
When a merchant is in the adult business it often happens that his products are returned.
There is also a risk in gambling institutions.
Here is a list of industries that fall into the high risk category.
1.
Adult Industry 2.
Bad Credit, Poor Credit, Bankruptcy 3.
Casino and Gambling industry and sports betting 4.
Travel agencies who cater to advanced booking.
5.
Multi level Marketing and telemarketing 6.
Imitation or replica item sellers 7.
Tobacco industry 8.
Airline Industry 9.
Night Clubs and Bars 10.
Credit repair companies 11.
Offshore account providers 12.
Online pharmacies and Supplement websites These are just a few from a large list of high risk businesses.
These are the most common though.
Fortunately there are a number of top providers who are here to help such businessmen.
Many merchant tend to think that third party processors and offshore merchant service providers are their best bet.
This is true, but there are a number of companies who provide great services for such businesses.
A few of these top providers are Durango Merchant service, InstaBill.
com, ESC world global merchant services, 2Checkout and MerchantAccounts.
cn.
These companies have the perfect solutions for high risk category businesses.
Providers like Instabill and ECS have a 100% approval policy so merchants can breathe easy.
They support almost all high risk businesses.
They would create offshore accounts if required in order to accommodate clients internationally.
They also provide great services like fraud detection which is very important when it comes to high risk businesses.
Setting up your merchant account with these companies does not take much time and is a speedy process.
They have little or no set up fee and other charges are also quite marginal.
I strongly suggest you do some research on the websites of these top providers to get a clearer picture.
You would get answers to all the doubts you have.
SHARE
