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If your business is in trouble because of payment issues and high chargebacks, it’s considered high risk. PayPal and Stripe sometimes label specific businesses as high-risk, requiring unique payment solutions because traditional ones often avoid them.
But don’t worry! You have come to just the right place.
For business owners, it’s not easy to hear that their business is deemed risky. Many offer legitimate, effective, and successful products and services. Still, credit card companies and banks categorize them as needing high-risk merchant solutions. On the flip side, some businesses inherently carry high-risk profiles.
Some of the factors that label a business as risky are:
Businesses are considered high-risk when they operate in industries prone to chargebacks, legal complexities, or market volatility.
Merchants, who have high transaction rates, may be considered high-risk. If a merchant processes over $20,000 in payments per month, or has an average transaction of $500 or more, it may be categorized as high-risk.
If a merchant sells to consumers in countries with a high level of risk, they may qualify as high-risk. (any country except the United States, Canada, Japan, Australia, and the countries in Europe).
If the merchant is new or has so little previous record, they may be considered high risk simply because they have no relevant record. On the other hand, If the merchant carries low credit, it may be considered high-risk.
While a merchant may have a flawless record, they may be labeled high-risk due to the industry they are considered to be less trustworthy than other industries.
A few general traits emerge that make merchants low-risk to payment processors. High-risk and low-risk merchants typically exhibit these traits:
High-risk businesses may find it challenging to access merchant services and financial products, impacting their operational capabilities.
High-risk businesses have a greater risk of chargebacks. Frequent chargebacks can hinder smooth payment processing for high-risk merchants. Prevent Chargeback
High-risk industries often encounter restricted access to payment gateways.
These businesses often face higher processing fees and may be required to maintain rolling reserves, impacting their overall cost structure.
They often experience increased regulatory scrutiny, requiring strict compliance with industry regulations.
High-risk businesses are more vulnerable to market fluctuations and economic downturns, necessitating a resilient financial strategy.
Meet Abdullah Al Mamun, a veteran business consultant with over a decade of experience in international legal structures, payment gateway solutions, and e-commerce. His global consultancy services extend to individuals and organizations worldwide, offering high-risk merchant accounts and customized solutions tailored to your unique requirements. With his specialized guidance, you can confidently explore the full potential of your high-risk business, ensuring a seamless and comprehensive payment solution.
Find peace of mind in your high-risk merchant journey with Abdullah Al Mamun. Rely on his expertise to navigate the high-risk business landscape.
Abdullah Al Mamun excels in crafting tailored risk management strategies designed specifically for your business needs. He understands that every business is unique and doesn't rely on a one-size-fits-all approach. With his expertise, you can minimize chargebacks and fraud, ensuring seamless payment processing while safeguarding your revenue.
Time is invaluable, and Abdullah's streamlined application process prioritizes efficiency. He values your time as much as you do, ensuring that your high-risk merchant account is approved swiftly. This means you can start accepting payments without unnecessary delays, expediting your business operations.
Your business's security is paramount, and Abdullah's commitment to protecting it is unwavering. He leverages advanced fraud prevention tools and real-time monitoring systems to fortify your transactions. This proactive approach not only secures your revenue but also provides peace of mind.
In the ever-evolving e-commerce landscape, offering multiple payment options is a necessity. With Abdullah's high-risk merchant accounts and solutions, you can seamlessly accept payments, enhancing customer satisfaction and increasing conversions. Trust him to empower your business with a comprehensive array of payment choices
Credit card processing is complex. But our experienced and relevant payment processing knowledge is put to use on your behalf to get your high-risk business solution right away.
We offer exclusive high-risk payment solutions with a selection of two payment gateways.
Authorize.net simplifies online payments, offering secure solutions for businesses of all sizes, including high-risk merchants. Discover the peace of mind it brings to your high-risk business operations.
NMI is a payment gateway service specializing in high-risk merchant account processing. Renowned for its extensive customization options, NMI enables users to make payments through a variety of methods.
As a Model
If meeting all requirements seems like a hassle to you, then leave the whole thing to us. We will manage and complete all the required processes for you.
We will manage Signor for you. And take all the risks and liabilities that come with a signor management procedures.
We will complete all the legal procedures and liabilities for you.
We simplify account applications by handling the whole process properly and with care. We'll ensure a swift and accurate process. Trust us to help you get the account you need with ease.
We will monitor customer behavior and build strong relationships with customers through regular communication to establish trust and loyalty. Effective account management helps maintain a satisfied customer base, generate recurring revenue, and increase long-term profitability.
By establishing a trusting relationship with merchant accounts, we will nurture the account to maturity.
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FAQ
A business more likely to experience chargebacks, fraud, or financial failure is high risk. A merchant who does high-risk business is called a high-risk merchant. A high-risk merchant is considered high-risk when assessed by a processor or bank to pose a more significant potential for chargebacks and fraud. This determination can arise from the merchant’s operations within a high-risk industry, the sale of products or services that often result in chargebacks, or a history of fraudulent transactions.
A high-risk merchant account supports categorized high-risk businesses. Various factors can contribute to this classification, such as model and volume of the business, ticket size, transaction velocity, and being a new merchant with no prior payment processing history or operating in a high-risk industry known for fraud, such as those selling controversial products. As a result of this elevated risk level, high-risk merchant accounts are subject to higher processing fees to account for potential losses.
Merchants who handle many transactions or have a high average transaction value may be classified as high-risk. If a merchant processes payments exceeding $20,000 per month or has an average transaction value of $500 or more, they may be considered high-risk, including those who accept international payments.
We provide high-risk merchant accounts with payment gateways such as Authorize.net and NMI.
Authorize.net is a widely used payment gateway service that enables businesses to accept online payments and manage transactions securely. It provides a range of features, including payment processing, fraud detection, recurring billing, and more, making it a popular choice for e-commerce and high-risk businesses.
No. Authorize.net is unable to suspend or put accounts on hold.
NMI, or Network Merchants, Inc., is a leading payment facilitation platform that handles over $180 billion in payments annually. NMI facilitates payments for a vast network of over 3,200 partners and more than 260,000 merchants worldwide. It spans the entire spectrum of commerce channels, including online, in-app, mobile, in-store, unattended, and beyond.
Our honorable expert consultant is Mr. Abdullah Al Mamun. He is a veteran Payment Gateway Expert, High-Risk Merchant Accounts, International Legal and financial Structure Consultant, and Global e-commerce Entrepreneur.
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