High-Risk Merchant Account Services
Which kinds of companies are categorized as "high risk" in the business world? The high-risk category includes a number of different types of companies. On this list are businesses related to the adult entertainment industry; debt collection; electronic cigarettes, cannabidiol (CBD), and vape shops; e-commerce; furniture and electronic stores; gambling; multilevel marketing (MLM ); online dating; subscription services and companies with recurring payment plans; and travel, which includes airlines, cruise lines, and vacation planners. What are the steps I need to take to open a high-risk merchant account? Find a provider that specializes in high-risk merchants like those that were identified above and looks for one of those. In most cases, you will be able to complete an application online; however, certain suppliers may require you to submit physical documentation in addition to your online application. Your chances of being approved are determined by a number of factors, so...