What Industries are Considered High-risk for Payment Processing?
Identifying whether your business falls into a high-risk category is a critical first step in securing reliable payment processing. Generally, payment processors classify industries as high-risk based on factors such as elevated chargeback rates, industry reputation, and the level of regulatory oversight required.
Some of the most common industries considered high-risk include:
- CBD and Cannabis-related products: Due to the complex and evolving legal landscape.
- Travel and Tourism: Often associated with high transaction values and advanced bookings that increase chargeback potential.
- Subscription and Recurring Billing Services: These models frequently see higher dispute rates from customers.
- Adult Entertainment: Typically categorized as high-risk due to industry reputation and legal complexities.
As your partner for better payment processing, we specialize in helping businesses in these sectors navigate the hurdles of high-risk credit card processing. We understand that standard providers often decline these industries, which is why we offer specialized high-risk payment gateways and flexible terms.
We provide a streamlined approach to help you overcome industry obstacles, offering competitive wholesale rates with no setup fees and no cancellation fees. If you are ready to get started, we offer same-day setup and next-day payments to keep your business agile. Additionally, approved merchants can qualify for free or discounted hardware, such as Clover POS systems.
Disclaimer: Merchant must qualify for free or discounted hardware.
Related FAQs
-
Do I Need a Card Reader to Use Tap to Pay on my Phone?
Read More »: Do I Need a Card Reader to Use Tap to Pay on my Phone?No, you do not need a separate card reader to use Tap to Pay on iPhone. This technology transforms your compatible smartphone into a secure, hardware-free checkout terminal by utilizing built-in NFC (Near Field Communication) payment technology. According to the…
-
Which Payment Apps Support Tap to Pay on Android and Ios?
Read More »: Which Payment Apps Support Tap to Pay on Android and Ios?Based on the provided content, several payment and Point-of-Sale (POS) applications support Tap to Pay on iPhone for merchants. These include: To use these applications for Tap to Pay, merchants must have an iPhone XS or later running iOS 15.4…
-
Is Tap to Pay on Phone Secure for Small Business Vendors?
Read More »: Is Tap to Pay on Phone Secure for Small Business Vendors?Yes, Tap to Pay on iPhone is a secure solution for small business vendors. The technology is designed with multiple layers of protection to ensure transaction data remains safe. Key security features include: Related FAQs
-
How can I Accept Contactless Payments on my Iphone?
Read More »: How can I Accept Contactless Payments on my Iphone?To accept contactless payments on your iPhone, you can utilize the Tap to Pay feature, which transforms your smartphone into a secure payment terminal without the need for additional hardware. Follow these steps to get started: Once active, you can…
-
Are There Biometric Payment Terminals Available for Small Businesses?
Read More »: Are There Biometric Payment Terminals Available for Small Businesses?Yes, there are several biometric payment terminal options suitable for small businesses. These systems allow merchants to replace traditional PINs and signatures with secure, unique biological identifiers. Small to medium businesses commonly utilize the following solutions: Related FAQs

