Are you involved in a High-risk business? It means that you are exposed to a higher degree of managed risk. Therefore, you need specialized attention to set up your payment processing account. The supplier of High-Risk Merchant Account is exactly what you need. They will help you run your business while taking into account the risk in your industry.
- A High-Risk Merchant Account is an agreement between a bank and a high-risk merchant allowing the latter to accept payments online.
- A high-risk merchant is a person, whose business falls under the ‘high-risk’ category.
The examples of high-risk businesses are as follows:
- Gambling/casinos
- Adult products/services
- Tech support
- Bitcoins / Forex trading
- Pharmaceuticals/drug stores
- Magazine subscriptions
- E-cigarettes
- Computer software or hardware
You should keep in mind that when you create a merchant account, it will cost you some money. The payment service provider i.e. Radiant Pay offer as many types of payment services as possible. A merchant account act as a payment gateway that allows the customer to pay via cards for the purchase of goods and services. A merchant account is not just about accepting credit cards. The provider must offer high-risk payment processing tools that will help secure your income. It helps you handle fraud and chargebacks while taking care of customer payment information so you can generate customer profiles.
Nowadays customers prefer to pay online via cards, as this type of payment is safe, secure, and easy to transfer funds. However, the merchant account provider offer high-end fraud protection system, so the merchants give seamless shopping experience to the customers
If you do not have a high-risk merchant account you can guarantee that your business will not receive the number of sales that it could have.
