HighRisk Merchant Accounts EXPLAINED What to Do If Your Business Is Considered HighRisk

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Having trouble getting approved for a merchant account? ✅ 🏦 Has your ability to accept credit cards been taken away? 💳 🚫 Well, not to worry. Your business might just be classified as high-risk📈. If that's the case, then you may need a high-risk merchant account. • A high-risk merchant account is a special type of merchant account for businesses that are considered high-risk, so that they can accept credit card payments. In the eyes of a payment processor, businesses are considered high-risk if they have an increased chance of financial exposure linked to their industry. Because financial institutions aim to reduce their liability, they often deny services to high-risk merchants, leaving them without the ability to process payments. • There are a few factors that may cause your business to be labeled as high-risk. Let me give you some examples: • 1. Highly regulated industries such as adult CBD and firearms can pose compliance, reputational and monetary risk to financial institutions. • 2. Business types with future delivery such as ticket sales, travel and subscriptions are considered high risk because of their increased likelihood of chargebacks. • 3. And finally, your credit worthiness. Banks rely on your credit history to give them a snapshot of your financial integrity. This helps to ensure that they won't be held liable for your financial difficulties. • Continue watching to learn more about what a high-risk business is and how you can get started processing payments with a high-risk merchant account! • ***************************************************************************************************************************************************************************************************** • Apply for high-risk merchant services with ☁️PaymentCloud☁️ ➡️ https://paymentcloudinc.com/high-risk... • ***************************************************************************************************************************************************************************************************** • Additional Resources • What Makes a Business High Risk? ➡️ https://paymentcloudinc.com/blog/high... • What Is a High-Risk Merchant Account How Does It Work? ➡️ https://paymentcloudinc.com/blog/what... • High-Risk Merchant Account Fees Rates: Merchant Guide ➡️ https://paymentcloudinc.com/blog/high... • What Is a High-Risk Transaction? ➡️ https://paymentcloudinc.com/blog/high... • List of High-Risk Merchant Category Codes ➡️ https://paymentcloudinc.com/blog/high... • What Is a Chargeback? The Ultimate Guide ➡️ https://paymentcloudinc.com/blog/char... • What Is Credit Card Fraud and How to Prevent it ➡️ https://paymentcloudinc.com/blog/cred... • ***************************************************************************************************************************************************************************************************** • Chapters • 0:00 Intro • 0:20 What Is a High-Risk Business? • 0:42 What Makes a Business High-Risk? • 1:19 Can You Avoid Being Labeled High-Risk? • 1:38 What Is a High-Risk Merchant Account? • 2:36 High-Risk vs Standard Merchant Accounts • 3:52 How to Get a High-Risk Merchant Account • #highriskbusiness #highriskmerchantaccount #highrisk #highriskindustries #highriskpaymentprocessing • Be sure to subscribe to our channel! ✅☁️ / @paymentcloud • Follow us for more amazing content! • Our Website ☁️ https://paymentcloudinc.com/ • Instagram ☁️ / paymentcloud • Linkedin ☁️ / paymentcloud • X ☁️ / paymentcloudinc • Facebook ☁️ / paymentcloud

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