A High Risk Merchant Account is an account specifically designed for high volume merchants dealing in high risk lines of business. A high risk merchant is classified as any merchant dealing in a line of business that has a high turnover and heavy sales volume and is therefore highly susceptible to instances of credit card fraud. High risk merchants include businesses such as collection agencies, adult-themed websites and escort services, check-chasing providers, online dating services, multi-level marketing (MLM), detective services, internet pharmaceuticals, weight loss services, pawn shops, software downloads, time share sales, mortgages and securities, and many more.

Banks can be reluctant to offer accounts to high risk or high volume merchants due to the increased risk of fraudulent credit activity. However, there are providers willing to set up high risk merchant accounts. Applications for high risk merchant accounts tend to be more stringent than applications for traditional accounts. A high risk merchant or high volume merchant with a solid credit rating will obviously stand a better chance at being approved for a high risk merchant account than high risk merchants with lower credit ratings.

High risk merchants can expect to pay significantly more for high risk merchant accounts than for standard merchant accounts. The credit card processing rates for high risk merchant accounts are also higher than the credit card processing rates for traditional merchant accounts. Often high risk merchants will choose a high risk merchant account provider from a foreign country.

However, high risk merchant account providers often have an array of customer service benefits often not available with standard merchant accounts, such as extended customer support hours, recognition of all five major credit cards (Visa, Mastercard, American Express, Discover and Diners Club), real-time processing, and more. In addition, many high risk merchant account providers are well-equipped to deal with foreign currencies. If you choose an offshore high risk merchant account provider, there may be tax benefits available. Fees for high risk merchant accounts vary and are often dependant upon the high risk merchant account provider and the level of risk your business involves.

If you are a high risk merchant or a high volume merchant, High Risk Credit Processor can help your business obtain a high risk merchant account. High Risk Credit Card Processor represents over twenty different processing sources (United States-based banks, offshore banks, third party processors, ACH Processors, check drafts and more). Whether you are looking for one merchant account or multiple merchant accounts, High Risk Credit Card Processor can accommodate your processing needs. Regardless of your business type or volume, we'll get your account approved quickly and keep it running smoothly without any volume caps. Let our staff of processing industry veterans find the solution that's right for you. Please fill out our High Risk Credit Card Processor NO OBLIGATION quick form (it takes about one minute) and let the High Risk Credit Card Processor team devise a credit processing solution that meets the needs of your high risk or high volume business.