Everything You Need to Know About High Risk Merchant Accounts

If you’re a business owner trying to process credit card transactions and have been classified as a high-risk merchant, you may have come across the term “high risk merchant account.” But what exactly are high risk merchant accounts, and how do they differ from regular merchant accounts?

A high risk merchant account is a type of payment processing account that is specifically designed for businesses that are considered to be high risk in the eyes of traditional financial institutions. These businesses often operate in industries that have a higher-than-average risk of chargebacks, such as adult entertainment, online gambling, or nutraceuticals.