Questions? Call Us Now!
Start Accepting Credit Cards Today

HighRiskPay.com is one of the leading High Risk Merchant Account providers of credit card processing & payment gateways to businesses with bad credit.

CONTACT INFO

Copyright © 2021. High Risk Pay | Privacy Policy

Sign Up Now!

With No Setup Fees!

High Risk Merchant Account Services

Accept all major credit cards

Regardless of Credit History!

Different e-Commerce Merchant Industries Benefiting from High-Risk Services

Posted on 15 October, 2020

Different e-Commerce Merchant Industries Benefiting from High-Risk Services

Ecommerce merchant services and products are on the rise. This growing business model is taking the world by storm and expected to account for 95 percent of all purchases by the year 2040. All of these successful ecommerce businesses need one thing to increase payments and online transactions–the ability to process credit and debit cards.

What happens, then, when your application for a merchant account is denied, or your ecommerce merchant accounts have been closed? Unfortunately, an ecommerce merchant already has a strike against them as this industry is considered risky.

Of course, some of the biggest stores have found a way to overcome this hurdle and receive pay from users who get what they need through online shopping.

Unfortunately, if you’re an ecommerce merchant that is considered higher risk, obtaining credit and debit card payment options is not easy; in fact, it can seem near impossible.

There’s still hope, so keep reading below to find out what these industries are and what possible payment solutions are available. Knowing about what online payment solutions there are can help you make sure that you sign up with the right payment partner.

Why Are eCommerce Merchant Services Considered Risky?

Several various ecommerce services and activities can prevent merchant account approval and easy payment solutions. These include the following:

  • Ecommerce Industry – Credit card processing is not present at the point of sale.
  • Highly Regulated – A business that sell products such as CBD, alcohol, tobacco, and pharmaceuticals all fall into highly regulated industries.
  • Recurring Billing – Ecommerce merchant accounts view these types of payments risky due to their cyclical nature use.
  • New Businesses – Without online business history, it can be difficult to get that first approval and increase your payment options.
  • High Volume – High volume and large ticket transactions can leave risk-averse banks slow to approve these types of ecommerce merchant accounts.

Which Industries are Considered Risky?

Below are some ecommerce industries and different e commerce merchants that can be denied processing.

CBD

This highly regulated industry faces many laws throughout varying states and cities. It is also relatively new in the online store world. Considering both of these strikes, this ecommerce merchant can find it difficult to process payments.

Adult Entertainment

This industry is considered a reputational risk. Like CBD, this has proved to be a successful service and product with sales that rival those of cannabidiol. Banks and their underwriters are still saying no to providing ecommerce merchant accounts for this type of business.

Travel Companies

It costs a lot to travel, and travel companies go through a huge volume of transactions in a day. Providers for this ecommerce merchant consider travel purchases under the future fulfillment category. This may lead to customers changing their minds, and email address requests are records of an increase in chargebacks.

Nutraceuticals or Supplements

These are often sold on a recurring cycle, with customers signing up for once a month billing. Such scheduled payments often result in a large percentage of chargebacks, either due to a customer’s inability to cancel the subscription or their disappointment in the product.

Pharmaceuticals

Strict drug regulations leave many online pharmacies in the risky category. In the United States, the FDA has issued warning letters informing certain online pharmacies that they are engaged in illegal activity and selling potentially dangerous drugs to their customers.

Firearms

Many in the U.S. that consider the second-amendment and the right to bear arms non-negotiable. Despite the regulations associated with gun control, you may find a company that provides ecommerce merchant accounts due to their strong beliefs around this somewhat volatile topic.

Liquor

Once again, laws, regulations, and age restrictions leave traditional banks and processors slow to offer payment for using credit cards and debit cards. While most card processors offering ecommerce merchant accounts have similar risk assessments, the terms and conditions vary widely.

For a liquor ecommerce merchant, some providers will require a security payment. Others may even charge higher fees. Keeping chargebacks to a minimum will help mitigate the chances of incurring these costs .

Tobacco, Electronic Cigarettes, and Vapes

Lack of regulations for this booming business leaves banks leery of offering payment solutions for this ecommerce merchant. That may change soon as the FDA continues to propose new regulations that can diminish account acceptance.

Auction Websites

Those that fall into the less-than-scrupulous category have placed a mark on respectable ecommerce merchant in this category. To obtain a merchant account, you will need to demonstrate a solid and successful company and excellent customer support.

Gambling

Online gambling has a $53.7 billion global market in sales. Despite its continued growth, varied gaming laws and regulations still present a formidable challenge. Because these vary by state, it can be difficult to obtain one merchant account. Make sure to look for a processor with the best chargeback mitigation program, alongside other options.

Multi-Level Marketing (MLM)

Unfortunately, some multilevel marketers have developed bad reputations that have leaked over into successful and honest MLM business. If you can demonstrate your company’s success and legitimacy, perhaps through payment records and sales, you can easily partner with the best merchant account provider that will allow you to be able to accept more payments. This will, in turn, make it easier for your customers to make purchases.

Loans

Online alternative lending companies have seen an explosive growth in recent years, especially with more customers and small business owners looking to leverage their services. The risks associated with the lending industry are clear as changing economic markets see both a rise and fall in pay and defaults.

Dating Websites

These websites can be considered ecommerce merchants, but the problem is that they face high user turnover rates—either because customers have been successful and have no use for it, or precisely because they haven’t had any luck. The result is an industry known for a large percentage of chargebacks.

Which Payment Processor is Right For Your Company?

Ecommerce merchants often find it difficult to obtain a merchant account. For those businesses that also find themselves in one of the above categories, it can feel like an uphill battle. High fees can leave a business owner thinking that accepting card payments, whether Visa Mastercard, is just not feasible.

In addition to paying higher fees for payment processing, businesses may require large cash reserves and proof of limited chargebacks in order to obtain credit card payments solutions.

High Pay Risk is the leading payment processor for ecommerce merchant accounts. If you’ve been declined, don’t give up. We are here to help, and our application process is easy. In fact, we have a 95 percent approval rate! Simply send your email address.

No matter what type of business you’re in, High Pay Risk has specific program options such as chargeback prevention and the reduction of fraud. We can increase your transaction rate and payments, keep your payments reasonable, and get you options your clients will like, and your bottom line will love.

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

76 Comments

  1. Thank you for some other informative blog. Where
    else may I am getting that kind of information written in such an ideal method?
    I have a mission that I’m just now working on, and I have been on the look out for such information.

  2. Hi there! Do you use Twitter? I’d like to follow you if that would be ok.
    I’m absolutely enjoying your blog and look forward to new updates.

  3. Cool blog! Is your theme custom made or did you download it from somewhere?
    A design like yours with a few simple tweeks would really make
    my blog jump out. Please let me know where you got your design. Thank you

  4. This paragraph will help the internet people for building up new website or even a weblog from start to end.

  5. Hi there, I enjoy reading all of your post.

    I wanted to write a little comment to support you.

  6. Hello! Do you use Twitter? I’d like to follow you if that would be okay.
    I’m definitely enjoying your blog and look forward to
    new updates.

  7. I am really inspired along with your writing abilities and also with
    the structure in your blog. Is that this a paid subject matter or did you modify it your self?
    Either way keep up the excellent quality writing, it’s rare to see a
    nice weblog like this one nowadays..

  8. Very nice post. I just stumbled upon your weblog and wished to
    say that I have truly enjoyed surfing around your blog posts.
    In any case I will be subscribing to your feed and I hope you write again soon!

  9. Hello i am kavin, its my first occasion to commenting anywhere, when i read this piece of writing i
    thought i could also create comment due to this
    brilliant article.

  10. We are a group of volunteers and opening a new scheme in our community.
    Your website provided us with valuable info to work on. You have done
    an impressive job and our entire community will be thankful to
    you.

  11. It’s really a nice and useful piece of info. I’m glad that you shared
    this helpful info with us. Please keep us informed like this.
    Thanks for sharing.

  12. Whoa! This blog looks just like my old one! It’s on a totally different subject but
    it has pretty much the same layout and design.
    Wonderful choice of colors!

  13. Very good article. I’m dealing with many of these issues as well..

  14. It’s a shame you don’t have a donate button! I’d certainly donate to this outstanding blog!
    I guess for now i’ll settle for bookmarking and adding your
    RSS feed to my Google account. I look forward to new updates
    and will share this blog with my Facebook group. Chat soon!

  15. If you would like to obtain a great deal from this article then you have to apply these strategies to your won webpage.

  16. Hey there would you mind letting me know which web host you’re working with?
    I’ve loaded your blog in 3 completely different browsers and I must say this blog loads a lot quicker then most.
    Can you suggest a good internet hosting provider at a honest price?
    Thanks a lot, I appreciate it!

  17. Hey very cool web site!! Man .. Beautiful .. Amazing ..

    I will bookmark your web site and take the feeds additionally?
    I’m happy to find numerous helpful info here within the submit,
    we want work out more strategies on this regard, thanks for
    sharing. . . . . .

  18. I am regular visitor, how are you everybody? This article posted at this site is actually fastidious. Shena Nicol Hawk

  19. Appreciate this post. Let me try it out.

  20. It is not my first time to go to see this web site, i am browsing
    this web page dailly and obtain good data from here everyday.

  21. Wow, this piece of writing is good, my sister is analyzing such things, so I am going to tell her.

  22. Link exchange is nothing else but it is
    just placing the other person’s blog link on your page at appropriate
    place and other person will also do same in favor of you.

  23. I love what you guys tend to be up too. This type of clever
    work and reporting! Keep up the terrific works guys I’ve you guys to
    my personal blogroll.

  24. You actually make it seem really easy with your presentation however I find this topic
    to be actually one thing which I believe I’d never understand.
    It sort of feels too complex and very extensive for me.

    I am looking ahead in your next submit, I will try to get
    the hang of it!

  25. I was able to find good information from your content.

  26. Wow, awesome blog structure! How long have you been running a blog for?
    you made blogging glance easy. The full glance of your site is fantastic, as neatly
    as the content material!

  27. Thanks for finally writing about > Different e-Commerce Merchant Industries Benefiting from High-Risk Services
    < Loved it!

  28. Hey very interesting blog!

  29. Good post. I certainly love this website. Continue the good work!

  30. Somebody essentially assist to make significantly articles I’d
    state. This is the very first time I frequented your web page and thus far?
    I surprised with the research you made to create this actual put up
    extraordinary. Great process!

  31. I’m truly enjoying the design and layout of your website. It’s a
    very easy on the eyes which makes it much more pleasant for me to come here and visit more often.
    Did you hire out a developer to create your theme? Outstanding work!

  32. Hey very interesting blog!

  33. Incredible! This blog looks just like my old one! It’s on a entirely different topic but it has pretty much the same layout and design. Excellent choice of colors!

  34. Howdy I am so happy I found your website, I really found you
    by mistake, while I was browsing on Bing for something else, Regardless I am here now and would just
    like to say thank you for a incredible post and a all round
    enjoyable blog (I also love the theme/design), I don’t have time to read through
    it all at the minute but I have book-marked it and also included
    your RSS feeds, so when I have time I will be back to read much more, Please do keep up
    the superb b.

  35. Greetings! Very useful advice in this particular post!
    It’s the little changes which will make the largest changes.
    Thanks for sharing!

  36. Hi there, I enjoy reading through your article. I wanted to
    write a little comment to support you.

  37. You could certainly see your skills within the article you write.

    The arena hopes for more passionate writers like you who
    are not afraid to mention how they believe. At all
    times go after your heart.

  38. I think this is among the most significant info for me.
    And i’m glad reading your article. But wanna remark on few general things, The site
    style is wonderful, the articles is really great :
    D. Good job, cheers

  39. WOW just what I was looking for. Came here by
    searching for bbw

  40. I like the valuable info you provide in your articles. I will bookmark your blog and check again here frequently.

    I’m quite certain I’ll learn plenty of new stuff right here!
    Good luck for the next!

  41. Hello there! This article couldn’t be written any better!
    Reading through this article reminds me of my previous roommate!
    He continually kept talking about this. I am
    going to send this article to him. Fairly certain he will
    have a great read. Thank you for sharing!

  42. I have been surfing online more than three hours today, yet I never found any interesting article like yours.
    It’s pretty worth enough for me. In my opinion, if all site owners and
    bloggers made good content as you did, the net will be much more
    useful than ever before.

  43. It’s perfect time to make some plans for the longer term and it is time
    to be happy. I’ve learn this post and if I may just I desire
    to recommend you few fascinating issues or tips.
    Maybe you can write subsequent articles regarding this article.
    I wish to learn even more things about it!

  44. Today, I went to the beach front with my children. I found a sea
    shell and gave it to my 4 year old daughter and
    said “You can hear the ocean if you put this to your ear.” She placed
    the shell to her ear and screamed. There was a hermit crab inside
    and it pinched her ear. She never wants to go back!

    LoL I know this is entirely off topic but I had to tell someone!

  45. Hello, its good paragraph on the topic of media print, we
    all be familiar with media is a wonderful source of information.

  46. I visited several web sites except the audio quality
    for audio songs existing at this web page is truly marvelous.

  47. Do you have a spam problem on this blog; I also am a blogger, and I was wanting to know your situation; we have created some nice methods and we
    are looking to exchange solutions with others, please shoot me an e-mail if interested.

  48. Actually when someone doesn’t understand then its up to other people that they will assist, so here it takes place.

  49. Wow, this piece of writing is nice, my younger sister is analyzing
    these things, therefore I am going to let know her.

  50. Have you ever considered about adding a little bit more than just your articles?
    I mean, what you say is fundamental and everything.
    Nevertheless think of if you added some great graphics
    or video clips to give your posts more, “pop”! Your content is excellent but with images and
    clips, this blog could definitely be one of the most beneficial in its field.
    Very good blog!

  51. I am extremely impressed with your writing skills
    as well as with the layout on your blog. Is this a
    paid theme or did you customize it yourself? Anyway keep up the
    nice quality writing, it is rare to see a nice blog like this one nowadays.

  52. Howdy, i read your blog from time to time and i own a similar
    one and i was just curious if you get a lot
    of spam responses? If so how do you stop it, any plugin or anything you can recommend?
    I get so much lately it’s driving me insane so any assistance is very
    much appreciated.

  53. Nice post. I used to be checking continuously this weblog and I am impressed!
    Extremely helpful information particularly the closing section 🙂
    I care for such info much. I was looking for this particular
    info for a very long time. Thank you and good luck.

  54. I was suggested this web site via my cousin. I am no
    longer positive whether or not this submit is written through
    him as nobody else know such specified about my problem.
    You are incredible! Thanks!

  55. Just desire to say your article is as surprising.
    The clarity in your post is simply excellent and i can assume you’re an expert on this subject.
    Well with your permission allow me to grab your RSS feed
    to keep updated with forthcoming post. Thanks a million and please carry on the enjoyable work.

  56. Howdy! This blog post couldn’t be written much better!
    Looking at this post reminds me of my previous roommate!
    He continually kept talking about this. I’ll send this article to him.
    Fairly certain he’ll have a great read. Thanks for sharing!

  57. Great goods from you, man. I’ve understand your stuff previous to and you are just extremely
    great. I actually like what you have acquired here, certainly
    like what you’re saying and the way in which you say it.

    You make it enjoyable and you still take care of to keep it smart.
    I cant wait to read much more from you. This is really a terrific website.

  58. Thank you for the good writeup. It actually used to be a leisure account it.
    Look complicated to more introduced agreeable from you!
    However, how can we keep up a correspondence?

  59. Thank you a lot for sharing this with all of us you actually recognize what you are speaking
    about! Bookmarked. Please additionally visit my website =).
    We will have a link alternate agreement between us

  60. Right away I am going to do my breakfast, when having my breakfast coming yet again to read further news.

  61. hi!,I really like your writing very much!

    percentage we communicate extra about your article on AOL?
    I require an expert on this house to solve my problem.
    Maybe that’s you! Having a look forward to see you.

  62. I’ve been browsing on-line greater than 3 hours
    as of late, yet I by no means discovered any interesting article like yours.

    It’s pretty price sufficient for me. Personally, if all web owners and bloggers made just right content material
    as you did, the net will probably be a lot more useful than ever before.

  63. Hmm is anyone else experiencing problems with the pictures on this
    blog loading? I’m trying to determine if its a problem on my end or if it’s the blog.
    Any responses would be greatly appreciated.

  64. Heya just wanted to give you a quick heads up and let you know a
    few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking
    issue. I’ve tried it in two different web browsers and both show the same
    results.

  65. Have you ever thought about including a little bit more than just your articles? I mean, what you say is valuable and all. Nevertheless just imagine if you added some great graphics or video clips to give your posts more, “pop”! Your content is excellent but with images and videos, this website could definitely be one of the greatest in its field. Terrific blog!

  66. Pretty great post. I just stumbled upon your blog and wished to mention that I
    have really enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I’m hoping you write
    once more very soon!

  67. Excellent post. I was checking continuously this weblog and I’m
    inspired! Very useful information specially the remaining
    section 🙂 I handle such information much. I used to be seeking this particular info for a long
    time. Thank you and best of luck.

  68. Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn’t
    appear. Grrrr… well I’m not writing all that over
    again. Regardless, just wanted to say excellent blog!

  69. Hello, this weekend is nice designed for me, since this time i am reading this enormous educational paragraph here at my home.

  70. I feel very lucky to follow your page

  71. I am thinking of visiting your website again Thanks

  72. Greate article. Keep writing such kind of info on your blog.

  73. You have a quality site, I congratulate you on this

  74. Hi! I know this is sort of off-topic but I needed to ask.
    Does building a well-established blog like yours require a lot of work?
    I am brand new to blogging however I do write in my
    diary every day. I’d like to start a blog so I can easily share
    my own experience and feelings online. Please let me know if you have any kind of
    suggestions or tips for new aspiring bloggers. Appreciate it!

    my web page: DonellaVPoll

  75. If you are going for best contents like I do, only go to see this web page all the time because it presents feature contents, thanks

  76. I think it is a fluent sharing, I will recommend your site to my friends

High Risk Merchant Account Services

Accept all major credit cards

Regardless of Credit History!