chandni_aqua

hi i just wanna knw if anyone has ever come across any high risk merchant account. and what exactly is the "high risk" in it..Please advice

dasha101

joecool6101

I definatly agree with dasha. You never know who you are dealing with so you have to assume every merchant is high risk.

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ltjman22

I agree also, you never know what's going on behind the scenes with these high risk merchant accounts. Only trust the ones you know you can!

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laker110

Sorry mate , i have never come across any high risk.

Laettner14

A high risk merchant account is one that is issued to someone who does business in an industry where there is a high rate of chargebacks, such as the adult industry. CCBill is an example of this. They charge ridiculous fees, but you are stuck using them if you have an adult website.

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Formpay

Most online merchants are not high risk but low risk. "High Risk" merchants are high risk for many different reasons. Some include industries that receive high charge back ratios.

Some examples of High Risk merchants:
Adult entertainment merchants
Online Pharmacy's
Merchants who primarily deal with overseas customers/business's
E-Cash merchants
Online Gambling Establishments

However, Most online business's are considered "Low Risk"

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3500amonth

We sell real estate and it was always high risk. We finally found that Bank of America is best for high risk accounts.

bens

High risk merchant accounts to me are those business accounts which are highly regulated in some countries. Pornography and gambling sites are examples as stated. There is a high risk of losing money. One reason is fraud.

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LivingLegend

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.