High Risk Credit Card Processing

Though you may not think that your business is “high risk”, banks think differently. Accepting credit cards seems like it should be an easy task in this day and age but many business types find it next to impossible to establish and maintain a merchant account to accept credit cards.  So, if your business is tired of having to constantly search for a “high risk” merchant account, having to put up with high rates, accounts that constantly shut down, and terrible service then Bankcard Brokers is your answer. 

With decades of experience, superior banking relationships, and a company dedicated to providing exemplary service and rates we can provide your business with a merchant account to accept credit cards that you will be happy with for the life of your business!

What exactly does it mean to be a “high risk merchant” when it comes to payment processing? 

In searching for a credit card processor, some business owners find themselves struggling to get approved for merchant account. Processors may not want to provide services because the business is categorized as a “high risk merchant.” Of course, the business cannot accept credit cards unless the owner finds a processor who is willing to approve them.

So, what is a high risk merchant account?

A “high risk” merchant account is generally defined as a merchant account or industry, which, as a whole, has a higher potential for fraud and chargebacks than many traditional retail merchant accounts.

Businesses that are classified as high risk include adult-oriented sites, online dating, gambling sites, multi level marketing, non US-based international merchants, pawnshops, prepaid debit cards, and many others. These types of industries seem to be more prone to fraudulent transactions or chargeback.

Your business may get labeled as high risk if it falls into one of these categories, or if the processor has found that, as a whole, your particular industry has a higher rate of fraud than others. In addition, the high risk label may apply if the business owner has bad credit, recent bankruptcy, or has been placed on the card brand match list.

Of course, there are no “set in stone” rules as to why some businesses are considered high risk, there are some general concepts that could lead to a business being labeled as such. For example, if your business is offshore, but sells most of its products to the U.S. this would probably be a risk issue with most processors.

Additionally, if the business sells products that are view as bordering on illegal or morally ambiguous – such as online pharmaceuticals or online gambling, there’s a good chance that it will be labeled high risk. Furthermore, businesses with questionable sales and marketing tactics are often considered high risk. Things like timeshare sales, MLM marketing, and even some financial planning sites often fall into the high-risk category for this reason.

How do I get a high risk merchant account?

There are many payment processing solution providers who specialize in high-risk merchants like Bankcard Brokers does, who can approve many of these types of businesses.  A lot of the processors who specialize in high risk merchant service solutions capitalize on the difficulty your business may have to get a merchant account and will charge exorbitant rates, often times provide poor service, and may be ethically questionable. Bankcard Brokers is here to change that by providing high-risk merchants with better rates, complete transparency, and top-notch service.

Our longstanding relationships with multiple domestic and international banks , and are able to provide the most stable and transparent solutions available. We believe that all merchants deserve excellent service and the best possible rate on credit card processing.

Short list of Some High Risk Merchant accounts we provide

Here’s some of the most common high risk merchants we work with. If you need payment processing for your business and are not sure where you stand call us for a no obligation review of your business. We’ll help you understand how the bans will view your industry, learn about your history, and help you find the right payment services for your high risk business.

The longer list of High Risk Merchant Accounts BCB Offers

Bankcard Brokers can provide affordable merchant accounts for a wide variety of high-risk businesses such as:

E cigarette accounts

With the invention of the electronic cigarette comes controversy and with controversy comes difficulty with your merchant account!  Although, E-cigarettes are one of the fastest growing markets in the country but getting an e-cigarette merchant account to accept credit cards is a different story.  Bankcard brokers has the solution for you!  Whether your vape store is online or brick and mortar we have merchant account solutions with our exclusive price and service guarantee that will make you happy!  Accept Credit Cards Now!

International eCommerce merchant accounts –

You have grown your business to be in demand on an international level – Congratulations!  You should be rewarded, right?  Then why is finding an international merchant service provider that you trust and who is reliable so difficult?  Meet Bankcard Brokers, we salute you for your success and look forward to helping you succeed with a superior merchant account designed to help your business grow, avoid fraudulent transactions, and get the service it deserves all at unbeatable rates!  Accept Credit Cards Now!

All of these businesses will benefit from the expertise and superior relationships Bankcard Brokers has developed with both domestic and international banks.

Don’t see your business in the list?  Not to worry – if your business has had trouble with its merchant services contact us – we guarantee we can help!

Contact Bankcard Brokers today to get your high-risk merchant account started!