Struggling to get a standard merchant account? Facing one rejection after another? Normally, when trying to get a payment processing account, you should be given the reasons why you’re rejected. If you know nothing, chances are your business or industry is labeled as high risk.
Certain...
High risk industries are often the most profitable ones, but at the same time, they’re often wrongfully labeled by banking institutions. There are numerous industry factors that can cause a business to be deemed at high risk.
From chargebacks and potential licenses to cardholder disputes and...
Running a high risk business offers plenty of opportunities. On one hand, it's an advantageous venture bringing in numerous benefits and, if done by the book, a good profit. On the other hand, the high risk profile could cause some problems and limitations in the long run.
Managing a local...
Many small businesses in certain sectors struggle to find payment processors that could work with them. Some of these sectors include gambling, cryptocurrencies, pharmaceuticals, adult services, magazines or travel agencies, just to name a few.
Fortunately, there are options out there. If you...