Are you one of them? You know the dirty word: risky. Maybe you have already been turned down by a number of credit card or ACH/Check 21 processors? Did they inform you that you’re deemed a “high-risk merchant?” Well, all is not lost.

When setting up a payment processing account, in the payments industry, merchants with a high level of managed risk often require a more “specialized” form of service. Their needs demand a service which equips their unique selling model, but without ridiculous additional costs that are simply so high they brake the bank.

Everything is determined by a processor’s (or bank’s) underwriting guidelines. If guidelines are strict, and don’t have your ducks in a row, then most likely, you are facing an uphill battle.

High risk sellers seeking approval of a merchant account to process credit cards or ACH and/or Check21 payments may find it a difficult procedure. Many organizations have sales staff which specialize in providing retailers that have been classified as high risk by other merchant processors with merchant accounts, though, such as ACHeck21. We have the ability to help find you processing with us or, one of our partners.Here are some red flags that typically indicate you are a merchant of risk:

  • Chargebacks that are high or a rapidly growing quantity of chargebacks

  • A previous merchant account application denial by a major processor

  • High Risk industry: for example online pharmaceuticals, high ticket sales, debt collection

  • Poor credit ratings and bad business credit

  • International business operations – international merchants running business into countries other than where they are based

Generally these high risk companies are forced to locate alternative merchant processing sources including high risk and offshore merchant processors. Although we find that a high number of retailer chargebacks is the most likely cause of High Risk retailer classification or merchant account termination, ACHeck21 will work to get you a high risk processing account for credit cards and ACH/Check21.