high risk merchant accounts?

chandni_aqua · 03-23-2007

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 · 03-26-2007

I would define online merchant accounts as high risk. High risk because you cannot see the physical credit card. It is hard to check whether you are transacting with the legitimate owner of credit card.

joecool6101 · 04-04-2007

Quote:

Originally Posted by dasha101

I would define online merchant accounts as high risk. High risk because you cannot see the physical credit card. It is hard to check whether you are transacting with the legitimate owner of credit card.

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

ltjman22 · 04-16-2007

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!

laker110 · 05-25-2007

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

Laettner14 · 05-28-2007

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.

Formpay · 06-16-2007

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"

3500amonth · 01-18-2008

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

bens · 02-02-2008

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.

03-23-2007	#1 (permalink)
chandni_aqua Senior Member Join Date: Mar 2007 Posts: 121 Rep Power: 2	high risk merchant accounts? 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

04-16-2007	#4 (permalink)
ltjman22 Senior Member Join Date: Apr 2007 Posts: 409 Rep Power: 0	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! __________________ Myfishsite Fishing Forums!

05-28-2007	#6 (permalink)
Laettner14 Senior Member Join Date: May 2007 Posts: 110 Rep Power: 2	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. __________________ http://cancertopics.net/ The Best Natural Cancer Treatments http://meteorfreaks.com/ News of the weird and just plain stupid

06-16-2007	#7 (permalink)
Formpay Junior Member Join Date: Jun 2007 Posts: 13 Rep Power: 0	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" __________________ Merchant Accounts Internet Discount Rate: 1.79% Retail Discount Rate: 1.29%

02-02-2008	#9 (permalink)
bens Junior Member Join Date: Feb 2008 Posts: 10 Rep Power: 0	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. __________________ Just Do It!

03-26-2007	#2 (permalink)
dasha101 Senior Member Join Date: Feb 2007 Posts: 184 Rep Power: 2	I would define online merchant accounts as high risk. High risk because you cannot see the physical credit card. It is hard to check whether you are transacting with the legitimate owner of credit card.

05-25-2007	#5 (permalink)
laker110 Senior Member Join Date: May 2007 Posts: 110 Rep Power: 2	Sorry mate , i have never come across any high risk.

01-18-2008	#8 (permalink)
3500amonth Junior Member Join Date: Jan 2008 Posts: 10 Rep Power: 0	We sell real estate and it was always high risk. We finally found that Bank of America is best for high risk accounts.

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