Merchant Accounts For High Risk Business 10 Things You Should Know About High Risk Merchant Accounts
#highriskmerchantaccount #prohibitedmerchantaccount #restrictedmerchantaccount
If you’re business falls into a high risk merchant account category, you should know these 10 things when applying for a merchant account.
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What is a high risk merchant account.
And what make a business fall into a high risk category?
Today I’m going to give you 10 things to consider if you think your business falls into the high risk category.
Roll Intro
First off there’s a difference between high risk and prohibited.
Every processor will have a prohibited list and an elevated risk list.
Prohibited means that you’re not going to get approved no matter what.
High or Elevated risk means you have a shot but things need to line up.
No particular order- Stacking risk elements together increases risk level AND some of these are deal stoppers.
That will become apparent as we move through the list so let’s get into it.
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