5 Things You Should Know About Having a High-Risk Merchant Account
Do you operate a business in an industry typically regarded as “high risk” due to complex legal concerns or a high risk of chargebacks and friendly fraud? There are many companies in this position, with a diverse range of affected industries, from health and beauty to adult entertainment to tech support and SEO. Often, it is incredibly difficult for these businesses to find payment processors to work with them at all. When you do find an opportunity to open a high-risk merchant account, the chance is likely to come with a number of strings attached – and ones you may not like to discover at that. Before you put pen to paper and sign any contract with a payment processor, be sure you know what to watch out for during your search.