Tag: high risk merchant
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Best High-Risk Merchant Account Providers
A high-risk merchant account is designed for high-risk businesses. If you don’t know your risk level, our guide below will help you understand better. Business owners in high-risk industries face unique challenges when seeking payment processors. Knowing your options opens doors to reliable merchant services that support your growth, not hinder it. Payment processors label…
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Merchant Accounts 101: High-Risk vs. Low-Risk
Payment processing is the spine of any business. One of the most important decisions and business owners will make involves setting up the right payment processing. While many entrepreneurs focus on products, marketing, and operations, they often overlook merchant accounts. Any and every business requires one, but some require specialized high-risk merchant accounts. Does your…
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What Is a High Risk Merchant Account?
Traditional banks and merchant accounts won’t support a high risk business. But what is a high risk business, and what is a high risk merchant account? High risk merchant accounts provide a solution for companies that payment processors classify as having elevated risk factors. OPEN A HIGH-RISK MERCHANT ACCOUNT What Makes a Merchant Account “High…
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Accept Payments Faster with High-Risk Credit Card Processing
High-risk credit card processing sounds like an extreme that most online business owners want to avoid. But the truth is that you likely are a high-risk business. Banks and processors often see high-risk businesses as more likely to face chargebacks or fraud, so they set stricter rules or higher fees. But don’t worry, there are…
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Lawmakers Call for Credit Card Companies to Decide on Firearm Merchant Category Code
In recent months, the implementation of a new merchant category code (MCC) specifically for gun and firearm sales has sparked a complex debate among financial institutions, lawmakers, and the firearms industry in America. This development, initiated by the International Organization for Standardization (ISO) in September 2022, is poised to bring significant changes to how credit…
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