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Find Your Industry
Explore the industries we support and discover customized processing solutions designed for your business model.
Adult Services
The stigma related to the adult entertainment industry has made it difficult for businesses in this niche to operate.
Airlines
Airlines are considered a standard risk business type with high-risk tendencies which create redflags for Banks and ISOs.
Auto Transport Brokers
Auto industry companies are all considered high risk by the banks and ISOs because the risk of damage to the cargo being shipped.
Auto Warranty
Although the auto industry is considered high risk, it doesn’t mean you must pay high fees for high risk merchant services.
Bail Bondsmen
While previously a cash-only business, the bail bond industry has increasingly accepted credit cards over the last several years.
Business Consulting
High risk merchant accounts offered to business consultants and companies that offer management, marketing, operations, and finance.
CBD
A high-risk CBD merchant account may be difficult to obtain as a result of the stigma surrounding the industry and federal laws.
Coins & Collectables
Coins and collectibles websites are often considered high risk by payment processors due to the potential for fraudulent or disputed transactions.
Collection Agencies
Debt collectors and agencies that struggle with money collection can rest assured their merchant account won’t be dropped.
Continuity Subscription
Continuity subscription merchants require a high risk merchant account due to the increased potential for chargebacks and customer disputes.
Credit Repair Agencies
Credit has always been important, but even more so today as so many institutions factor credit scores into their decisions.
Debt Relief
You need an experienced merchant services provider to help you navigate various banking regulations and fight for your right to receive payment.
Document Preparation
For some credit card processing companies, this level of volatility makes it difficult for them to accept student doc prep companies.
Dropshipping
Dropshipping businesses often have a high turnover of products, longer shipping times, and fraudulent transactions that lead to chargebacks.
Educational Seminar
Coaches and online gurus can benefit from a high risk merchant account that is not taking down at random while you’re doing business.
Health & Beauty
Health and beauty businesses face issues with FDA compliance, approval, and product ingredients which put them in a high risk category.
Jewelry Sellers
Jewelry merchant accounts are in high demand thanks to online platforms like Etsy, Pinterest, Facebook, and Instagram.
MOTO
As a MOTO merchant, you rely completely on secure payment gateways, also known as virtual terminals by some.
Moving Brokers
While moving brokers don’t have their own moving vehicles or storage facilities; and therefore considered high risk by banks and ISOs.
Nutraceuticals
At any moment, the government can change nutraceutical regulations; this makes the nutraceutical industry a high risk.
Online Dating
Profits for the online dating industry are predicted to increase by over 25% during the next couple of years with no sign of slowing.
Online Pharmacy
Online pharmacy sales are poised to soar in the next few years. Position yourself now to take even a small portion of the trillion-dollar industry.
Travel Agency
If you own a travel agency, partner with a reliable merchant services provider that can offer you rates that save you and your customers money.
Ticket Brokers
Ticket brokers receive higher than usual chargebacks and customer disputes as well as changes to state or federal law at any time.
Merchant Services
Flexible, secure, and reliable merchant services designed to help your business accept payments with confidence.
High Risk Merchant Accounts: What It Means & How This Affects Your Business
Every bank operates with a set of guidelines used to determine if a potential merchant’s business is high risk. All these guidelines vary from bank to bank. As a leading credit card processing company, our experts share more insight into why certain businesses may require high-risk merchant accounts.
If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account.
Banks weigh the risks associated with a business. If the bank you choose for your merchant account believes that your business is prone to too many chargebacks, customer complaints, and falls within the grey area of the law–CBD for example–then your business will be considered high risk. Banks are often hesitant to manage high-risk merchant accounts.
This is a subjective process and every bank’s underwriting department follows a specific set of guidelines that the bank has outlined.
After over 20 years of experience providing high-risk merchant accounts for businesses, we understand exactly how the system works, working with banks and ISOs to ensure that your business is allowed to open a merchant account. We have relationships with more than 30 financial institutions, ultimately allowing us to apply for a high-risk merchant account from the best banks likely to approve your company with the best rates and terms.
Why Are Some Businesses Considered High-Risk?
There are many reasons why businesses are considered high risk, including:
High-Risk or Listed Businesses
The business might be on a TMF/ MATCH list or the industry you’re in is known for high chargeback ratios.
High-Value Transactions
Perhaps you have a type of business that sells expensive items.
Credit & Financial Challenges
Maybe the business guarantor has personal credit that isn’t the best, tax liens, or other financial issues.
Recurring & Subscription Billing
Membership and subscription businesses with automated recurring billing.
Allow First Card Payments to obtain the high-risk merchant accounts your business needs. We will handle all the messy work so you can put your energy towards the success of your business.
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Serving You Coast to Coast
With offices in Miami and Los Angeles, our team is ready to support your business wherever you operate.