High risk merchant accounts are classified as high risk because of the actions of business owners or because they sell non tangible products such as adult related merchants. Banks have to comply with federal and Visa MasterCard regulations that are constantly changing. And it is those regulations that classify a business as high risk
If you are seeking a high risk merchant account I would recommend not using an agregator or third party account simply because of all their limitations. How would you feel if you put all this work into building your company and your providor sets a limit of 50,000 a month cap on your processing not the typical business owner mentality. With most third party processors you are putting a lot of faith in your processor and the control they have on your funds my recomendation is to dump all those third party providors and go with the big dogs (for low risk merchants they do not accept high risk) Chase, First Data, A little known fact most of you don't know is in 1998 when visa mastercard required banks to be compliant for Y2K most didn't make it and the handfull that did were First Data and Chase wich are pretty much the same so for all who think that banks are the same WRONG First Data and Chase are among the very few who actually buy directly from visa and mastercard most banks and all those million ISO's are actually resellers of chase and first data for a good high risk merchant account check out
High Risk Merchant Accounts, no caps, easy setup expecially for adult related merchants who offer 4.5% rate with no caps, unlimited processing volume, no obligation.