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High Risk Merchant Account

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High Risk Merchant Account

A high-risk merchant account could be a payment processing account for businesses thought-about to be of high risk to the banks. As high-risk businesses are prone to chargebacks, they are available with the necessity for paying higher fees for merchant services.

 

Before you apply for a merchant account, it’s sensible to understand whether or not you’re a high-risk merchant or a low-risk one. Merchant account suppliers have their criteria for categorizing businesses in terms of their potential risk, however there are many things characteristics for both groups of merchants.

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