WHY IS A PROCESSING ACCOUNT CONSIDERED HIGH RISK?
Many banks or processors consider certain types of business models to expose the bank or processor to higher levels of risk. Some of these business types include: travel merchant accounts, timeshare merchant accounts, adult merchant accounts, loan modifications, call center merchant accounts, collection agency merchant accounts, telemarketing merchant accounts, various internet merchant accounts, and many more.
The banks consider an account a high risk merchant account based on the potential for excessive chargebacks, dissatisfaction of the products and services, excessive returns, quality of the product and services offered for sale, long time period to fulfill the order, financial liability that the bank or processor will incur for processing for the merchant, or bad publicity towards the bank for accepting certain types of businesses.
We can provide you with a high risk merchant account. At Quantum, we will first review your business model to determine if we can place it in the USA. If we cannot place your account in the USA, we will obtain an offshore merchant account. In addition to an offshore merchant account, we will work with you on your business model, processing procedures, etc. to change your high risk classification to an acceptable classification to process in the United States.