High-Risk

Being labeled a high-risk merchant is a burden. Some payment processing companies won’t even work with high-risk merchants. Many of the ones that do often charge higher processing fees, or force the merchant to provide “rolling cash reserves.” While you may not be able to entirely escape these requirements (e.g., different fees and cash reserves), you can certainly mitigate their impact and lessen their severity—that is…if you work with the right payment solutions provider.

 

What does being “high risk” mean, anyway? Some industries are inherently viewed as high-risk. Supplements, adult entertainment, bail bonds, credit repair, and cannabis are just a few industries that are slapped with this label. Sometimes it’s the product or service itself, while other times it’s the legal landscape around it.

 

Other times, a merchant is labeled as “high risk” because of their sales history. One too many chargebacks can lead to being blacklisted by Visa and Mastercard. And once that happens, it can be extremely challenging to change your image. Unfortunately, chargebacks are an increasingly abused phenomenon, particularly in specific industries like eCommerce and travel.

 

Sometimes, you might even be labeled as a “risky” merchant because you have no sales history. New businesses can have trouble securing a way to accept debit and credit card payments outside of platforms like Shopify, which offer unfavorable flat rate pricing models on fees. It’s a bit of a catch-22 for new businesses with little to no sales history to show.

 

Whatever reason applies to you (industry, sales history, etc.), learn more about high-risk payment processing and how to mitigate its impact in our articles below.

Credit Card Processing 101

Understanding High-Risk Payment Processing Gateways: A Comprehensive Guide

 — 26 minutes

High-risk payment processing gateways cater to high-risk businesses. They specialize in handling larger transaction volumes & international transactions.

Credit Card Processing 101

Mastering High-Risk Payment Processing: Strategies, Challenges, and Solutions for Businesses

 — 25 minutes

To navigate the challenges that come along with high-risk payment processing such as chargebacks, fraud, and fees, you need to understand how payment processing works.

Payment Solutions

The Three Pillars of Gun Store POS: Hardware, Software, and Payment Processing

 — 19 minutes

Gun store POS systems help firearms merchants with regulatory compliance, lowering costs and increasing efficiency, and exploring new revenue streams.

Payment Solutions

High Risk Payment Processors for Payment Gateways

 — 14 minutes

A high-risk payment gateways makes it possible for your business to accept all digital payments. Discover the best high-risk gateways 2024 has to offer.

Payment Solutions

How to Get a Merchant Account for CBD Oil in 2024

 — 11 minutes

Achieve your growth goals by opening a merchant account for CBD oil with the best payment processor for high-risk transactions. Learn it all here

Payment Solutions

Understanding Restrictions On CBD Merchants

 — 18 minutes

Avoid getting your merchant account frozen by understanding the restrictions on CBD merchants and which providers are best for your CBD business.

Credit Card Processing 101

9 Signs You Have a High-risk Business

 — 15 minutes

9 signs that say your business is high-risk and will need high-risk payment processing solutions including the products you sell.

Payment Solutions

CBD Payment Processing: Solutions To Sell in-Store and Online

 — 19 minutes

ECS Payment Solutions’ wide variety of innovative payment solutions is specifically designed to help today’s merchants.

Payment Solutions

Accurate Customer Data in Subscription Services is Crucial

 — 15 minutes

Subscription services are a popular money-making business today. But, if you are not getting accurate data in subscription services, you could be missing out.

Payment Solutions

3 Mistakes Subscription Services Must Avoid

 — 16 minutes

Subscription services business models are a great way for merchants to profit more with loyal customers. But be careful to avoid these fatal mistakes.

Credit Card Processing 101

SaaS Payment Processing

 — 16 minutes

SaaS payment processing involves recurring payments. The recurring billing cycle is handled by the payment gateway or the subscription management software.

Payment Solutions

Recurring Billing Integration: The Backbone of Subscription Businesses

 — 15 minutes

Efficiently process your customers’ credit cards, debit cards, and ACH payments, with recurring billing integrations for your merchant account.

Payment Solutions

What To Do When WooCommerce Drops Your Merchant Account

 — 16 minutes

WooCommerce merchant accounts can be tricky for high-risk merchants. Follow these steps when you need a payment gateway if yours is dropped.

Credit Card Processing 101

How Instant Bank Verification Can Help High-Risk Merchant Accounts

 — 15 minutes

Instant Bank Verification helps high-risk merchants not only receive merchant account approval faster but if implemented in their ACH transaction flow.

Payment Solutions

Payment Processors For Your Online Gambling Merchant Account

 — 15 minutes

Payment Processors For Your Online Gambling Merchant Account

Payment Solutions

The Low-Down on Credit Repair Merchant Accounts

 — 17 minutes

To process credit card payments, you may need a high risk credit repair merchant account. ECS can better help you to understand