High Risk Merchant Account & Payment Gateway. High risk businesses are ones that sell items that fall into areas such as adult entertainment, online gambling, ticket sales, or medications. While the products sold and services provided are completely legal, these items come with a higher risk of theft. Major credit card processors tend to stay away from giving high risk businesses the power to process credit cards because of possible false refunds and stolen cards.
These credit firms also want to avoid the issues that come with a high risk merchant account. Some card processing companies feel they’ll lose larger customers if they offer high risk card processing services. Why Do Credit Card Processors Serve Only Certain Types of Businesses? Some companies are ones that credit card processors typically won’t serve: These types of businesses and others like them have to use a high risk bad credit merchant account to process credit cards.
The Risks of Accepting Credit Cards Sadly, customers can buy products without paying for them.