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.
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