I’ve found someone to be the director on my behalf as I’m 16.
They have a credit score of 836, earn around 87,000 CAD a year, and maintain a consistent bank balance of 2,000 to 3,000 CAD, with 8,000 to 9,000 CAD passing through the account monthly, primarily due to investing a large portion of...
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...
I am looking for one or more payment processors for my businesses.
After I have read a lot here on the forum over the last year, I thought I would try my hand at the businesses where there is a lot of money to be made but which are also really difficult to set up, especially when it comes to...
I have read the guide in mentor group gold on how to setup a company in the UK and setup payment gateway and apply for merchant account. Works well with semi high risk business for me.
If I want to enter into some more shady crap like pharmacy, P**N, gambling and content considered high risk...
I would like to know your thoughts, if you could not choose PayPal as a payment method, your business is considered high risk, what alternatives would you choose?
I have looked into a few, but reading stories about almost every alternative I find, like Skrill, 2co, PaySafe, Nochex and more...