WebApr 13, 2024 · A high-risk merchant account is specifically designed to support payment processing for high-risk businesses. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. The main reason these credit policies differ is due to the processor’s ability to ... WebOct 22, 2024 · With a high-risk merchant account, the payment processor and card networks assume that the business has a greater risk of defaulting on payments, incurring many chargebacks, or committing fraud. 1. High-risk enterprises are often new, have a history of credit problems, or operate in an area deemed contentious or uncertain. 2.
Protecting Your Business With A High Risk Merchant Account
WebContact Us — High Risk Merchant Accounts Available Today Instabill offers fast approvals and will guide you through each step of our merchant account application process. Speak one-on-one with a merchant account manager today at 1-800-530-2444, select the contact button above or the live chat option below. WebHigh-risk Business. Do not honor 118 Transaction not permitted to cardholder 96 Insufficient Funds 39 Expired card 25 Pick up card 86 Invalid account number (no such number) 5 Restricted card (invalid in region or co… 2 Filter Show / Hide Amount 306 Disputes 63 Won Against you In system 414729XXXXXX7039 Critical Risk 414729XXXXXX7028 … diamondbacks uniform logo
High Risk Merchant Accounts - PayKings
WebJul 12, 2024 · Often, the terms “high-volume merchant account” and “high-risk merchant account” are used interchangeably in merchant processing. While there may be some overlap, there is a fundamental difference between the two. To open a high-volume merchant account, you must prove that you are a legitimate and creditworthy business … WebOct 26, 2024 · A “high-risk merchant account” is one for businesses that take credit card payments but are considered high-risk by banking institutions and credit card processing companies. Salespeople (inbound or outbound), internet/e-commerce enterprises, businesses in the tourism and transport sectors, online auctions, and membership clubs … WebMar 28, 2024 · 2. Durango Merchant Services. Durango Merchant Services has been in the payment-process game for over two decades. This payment service provider makes high-risk merchant accounts accessible to businesses considered high-risk, like tobacco and e-cigarette sellers, credit repair companies, online liquor stores, and more. circle spinning sofa