High Risk Payment Processing
High-Risk Payment Processing: Comprehensive Guide Unveiled
Navigating the world of payment processing can be challenging, especially if your business is deemed high-risk. Many traditional payment processing companies refuse to work with high-risk businesses, making it difficult to process payments smoothly. At Red Brand Media, we specialize in helping businesses like yours get approved for secure and reliable high-risk merchant services. In this blog, we’ll break down what high-risk payment processing is, which businesses fall into this category, and how we can help you succeed.
What is High-Risk Payment Processing?
High-risk payment processing refers to merchant services tailored for businesses that are more likely to experience chargebacks, fraud, or regulatory scrutiny. Because of these risks, traditional banks and payment processors may deny services to these businesses or impose higher processing fees. A high-risk payment processor provides businesses with a way to accept payments despite these challenges, ensuring smooth and uninterrupted transactions.
Characteristics of High-Risk Businesses
Businesses are classified as high-risk based on several factors, including:
- High chargeback rates – If a business has frequent chargebacks, processors may consider it high-risk.
- Subscription-based models – Recurring payments can increase disputes, making these businesses riskier.
- International transactions – Selling globally often involves higher fraud risks.
- Regulatory scrutiny – Industries with heavy legal oversight may be considered high-risk.
- Large-ticket sales – Businesses selling high-value items are more prone to fraud and chargebacks.
- Bad credit – If a business or its owner has a poor credit history, it may be classified as high-risk.
- Rolling reserve requirements – Some high-risk accounts require a rolling reserve, where a percentage of sales is held as a security deposit.
What Businesses Are Considered High-Risk?
Several industries commonly fall under the high-risk category, including:
- CBD and cannabis-related products
- Adult entertainment (requiring a high-risk adult merchant account)
- Firearms and ammunition
- Online gambling and gaming
- Travel agencies
- Subscription services
- E-commerce high-risk merchant accounts with high return rates
Why Would My Business Be Considered High-Risk?
Your business might be labeled high-risk for a variety of reasons, such as:
- A history of excessive chargebacks or fraudulent transactions
- Operating in a highly regulated or controversial industry
- Having a high volume of online sales with international customers
- Selling expensive products or services with a greater risk of disputes
- A problematic processing history with previous providers
- Being part of an industry that payment processing companies consider higher risk
If traditional banks or payment processors have denied you service, Red Brand Media can help you get back on track to accepting payments.
Leader in High-Risk Merchant Processing
Green.Money is the leader in the high-risk payment processing industry, specializing in helping various industries secure and maintain merchant accounts. Their expertise covers sectors such as peptides, CBD, crypto, cannabis, adult entertainment, and more.
Frequently Asked Questions
-My account has been suspended by all the major merchant providers. Can you help me get approved?
Yes! As long as your business operates legally, we can help you get approved for a high-risk merchant account.
-My merchant account was permanently blocked and banned by Stripe. Do you target accounts based on political ideology or belief?
No. We are the antithesis of what major merchant providers have done to customers. We support all types of businesses and will NEVER discriminate against our clients.
-I have a mix of e-commerce payments and in-person credit/debit card swipes. Will you be able to issue me a terminal for my business?
Absolutely! We support businesses with e-commerce, in-person transactions, or a combination of both. We can provide the necessary terminals and solutions.
-I currently use PayPal but want to switch to a provider that aligns with my beliefs. Can you help me transition within WordPress?
Yes! Our team will assist in seamlessly transitioning your payment processing from PayPal to our merchant services without disrupting your business operations.
-Do you work with businesses that aren't considered high-risk?
Yes! We work with businesses of all risk levels, whether high-risk or low-risk, providing customized payment solutions tailored to your needs.
Start Your Merchant Account Today!
If you’ve struggled to find a reliable payment processor, or you currently use a company that doesn’t want to process your payments any longer, then look no further—Red Brand Media is here to help. We specialize in high-risk merchant services, offering secure and reliable solutions tailored to your business type. Contact us today to get started with a payment processing solution that fits your needs and helps your business grow.