High Risk Business
What is a High-Risk Merchant Account?
What is a high-risk merchant account? The very term itself – “high risk merchant” – is paradoxical because risk is at the very heart of business. The only reason businesses exist today is because at some point in the past, someone, somewhere, took a risk. And so, businesses are established in this way. But in…
Read MoreHigh Risk Credit Card Processing – Canada Merchant Account
The credit and debit card industry in Canada has its own set of payment processing rules and regulations since 2010. If your business is based out of Canada, or even sells to Canadian customers, then you need to take heed. This applies if Your business is based in Canada …
Read MoreWhy Are Cell Phones Sales Considered High Risk Merchants? How To Accept Card Payments.
You need a card payments processing service to grow your business so you apply for a merchant account with your bank. Then you discover your bank won’t handle your business because it’s high risk. Maybe you considered using PayPal or Stripe but that’s not such a good idea. If you are wondering, why are…
Read MoreHigh Risk Merchants in America
High Risk Merchants in America Running any sort of business involves risk. Entrepreneurs know this. It is a fact of life for high risk merchants in America. At every stage of the game, entrepreneurs often dare taking occasional risks in service of their vision. The act of taking a business from the concept stage to…
Read MoreWhy Are Marijuana Merchant Accounts High Risk? How to Get One for Your Business.
The marijuana industry is flying high. More and more states are legalizing cannabis growing and various supply chain enterprises. These range from raw weed and hemp to medicinal uses like cannabidiol (CBD). Medical marijuana is legal in over 30 states and about a dozen states permit its recreational use as well. The biggest…
Read MoreThe Risk Paradox
It is an entrepreneur’s job to take risks. But every risk contains the potential for multiple outcomes,success and failure being the most extreme. With risk, like truth, the final outcome is usually to be found in the middle between extremes. An entrepreneur who understands this must be prepared to deal with banks and financial institutions…
Read MoreAn Offshore Adult Merchant Account Frees Your Business to Take Card Payments
The adult industry can be highly profitable but getting a merchant account is not as simple as for businesses in other sectors. That should not stop you but you need to know how to go about successfully applying for an offshore adult merchant account. Federal regulations governing offensive material and allied laws mean US…
Read MoreOffshore Payment Processing – why are offshore merchant accounts high risk?
As a US business owner, you naturally assume that your merchant account will be with a US bank. But the global economy has changed all that. Sometimes offshore payment processing is perfect, or possibly the only option if a business wants to accept card payments. Why is that? Because many US banks are…
Read MoreHow To Get a High Risk Payment Gateway for Tech Support Business
Tech support is a high demand industry worldwide. With the right technical background and rapid expansion in the sector, setting up in business and obtaining clients is relatively low risk. So . . why does the card payments processing industry reject applications – and why is it considered high risk for payment gateways? …
Read MoreWhy Are Construction Businesses Considered High Risk Merchants?
Construction, mining and agriculture are three industries that are recognized as being hazardous for the safety of workers. It is simply in the nature of the business and works carried out that accidents are inevitable. But that is not the kind of risk that card processing services assess. Acquiring banks employ experienced underwriters to…
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