Merchant account service providers are professional businesses that do not reject applications just because their businesses are high risk.

1. Benefits of Securing a Merchant Account for High Risk Businesses
Businesses are known for the risks they are associated with. Some risks are too high to
calculate but can be assessed by their revenues and profits. There are numerous
merchant accounts available but only a few cater to high risk businesses. Those few
which cater to high risk businesses charge their fees directly proportional to the level of
risk associated. High risk merchant account providers are known to be very strict with
their terms and conditions. Oftentimes, business owners feel that their ROI is being
subjected to pressure because providers ask them to maintain a reserve in their
accounts.
Businesses with High Risk
Businesses belonging to this category also have different high risk levels depending on
the different service providers. For example, merchant service provider A might consider
business X as a very high risk business but merchant service provider B might consider it
to not be so much. Listed below are some of the businesses that are high risk.
• Adult Industry
• Travel Industry
• Sports Betting/Wagering
• Medical Suppliers/Pharmacy Industry
• Payday Loans
• Casino/Gambling
• Many kinds of Online Businesses (dating, auctions, gaming, etc)
• Hardware and software products
• Shop Orders received by mail and/or telephone
• Alcohol and Tobacco retailing
The list mentioned above is not limited and other Internet Payment Service providers
might provide you with more examples of high risk businesses.
Advantages of Securing a Merchant Account for Such Businesses
Merchant account service providers are professional businesses that do not reject
applications just because their businesses are high risk. Thus, there is no need to worry
whether or not you will be able to acquire a merchant account for your business. Listed
below are some of the numerous advantages of obtaining a merchant account.
• Global reach for a worldwide market
• Ensured Safety and Security
• E-commerce solution (with cost consideration)

2. • Scam and fraud protection
• Infrastructural support
• ELV (German Electronic Direct Debit), ACH (Automated Clearing House), Direct
debit services, etc
• Multi Currency options
• Billing Options
• Facility of Online Reporting
• All the primary services associated with merchant account (acceptability and
processing of plastic money)
• SSL Encrypted servers
• Internet payment gateway / mode
As mentioned earlier, the benefits are not limited to those mentioned above. Benefits
and advantages vary depending on the different service providers. So, before finally
deciding on a certain provider, make sure that you know all of the benefits that you will
be able to receive.
Challenges
Keep in mind that when applying for a merchant account, it is important to assess your
business and check whether it is a high risk business or not. This way, you will already
know what to expect. Remember, high risk merchant account solutions are offered at a
more expensive rate compared to others.