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23-Feb-2020 15:51

There are many reasons banks classify businesses as high risk credit card processing accounts.The most common reason a business is considered high risk is that type of business statistically has a greater number of chargebacks than standard risk accounts.Some acquiring banks will not board businesses in certain industries due to “reputational risk”.As an example, online adult entertainment may not be acceptable to some banks.An unlimited number of recurring billing plans can be customized to meet the needs of your customers.

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Products, services, and delivery times can sometimes result in a business being classified as high risk.

For instance, ecommerce and MOTO merchants are considered higher risk compared to retail sales.