High Risk Merchants
Merchants fall into the high risk category mostly for the following reasons:
- Low credit scores or a high level of financial risks
- A high number of chargebacks or rapid increases in the number of chargebacks
- A previous merchant application was rejected or denied by a credit card processor
- Their business is in a high risk industry such as adult, furniture, cigarette or online pharmacy
- Companies with business tax liens or poor credit reports
- Start-up company or online business merchant
Typically these companies are forced to find alternative merchant processing sources including high risk and offshore merchant processors. Although we find that a high number of merchant chargebacks is the most likely cause of merchant account termination or high risk merchant classification, no matter the cause, MerchantWorthy.com™ will work to get your merchant account operational.
Getting A Reliable High Risk Merchant Account
If you are a new business start-up, an online merchant or a recently terminated merchant who is having trouble getting a risk merchant account, call us immediately at 800-357-0001 and we will start working with you. In most cases we can have your completed merchant application with all your supporting documentation filed with underwriters on the same day with approval notification coming within the next 24 – 48 hours. So if getting a reliable merchant account is a problem, consider MerchantWorthy.com™ your merchant account solution.
High Risk Merchant Rates & Reserves
While we know that high risk merchants typically are charged high rates, we can help you find lower rates for your high risk credit card processing account. And if a merchant processor has decided you are high risk due to increased chargebacks, we can help you to find the merchant processing account services you need. And because most high risk merchant accounts have merchant reserve requirements, we will help you to understand the merchant reserves and then to analyze the full financial effect of your risk merchant account proposals. So whether you have had a merchant account terminated by your merchant processor due to excessive chargebacks or had a previous application denied, we will work to get your merchant account approved and your company back to accepting credit cards.
Merchant Account Terminated or Application Rejected
Whether it is for an increased number of chargebacks or the industry falls out of favor with the merchant processor, hundreds of merchants are being called "high risk merchants" by their processors. If your merchant account is being terminated or your merchant account is "let go" by your merchant processor, MerchantWorthy.com™ can help you get your merchant account reinstated with a new processor. In most cases, we can get you fast approval for a high risk merchant account and when economic conditions improve with your business, we can help you restore your traditional merchant processing relationship.
If you recently attempted to start accepting credit cards and your merchant application was rejected, MerchantWorthy.com™ can get account approval for high-risk merchants whose account applications have been rejected or terminated by traditional credit card processors. MerchantWorthy.com™ works with processors that exclusively focus on this area of the risk.
Low Credit Score or High Credit Risk
In the case where a principal's low credit score is making it difficult for your business to obtain a credit card processing merchant account, MerchantWorthy.com™ can help. If you accept customer payments via swipe card machine, online through an e-commerce gateway or via telephone or mail order, we can help you to get an account and many times at comparable merchant rates.
High Risk Industries
If your business falls into one of several identified industries your company may have been classified as a high risk merchant. Many companies with a high risk merchant classification are forced to obtain merchant processing via offshore or shared hosting accounts. In fact, many e-commerce and online merchants are termed high risk by processors, even though their traditional merchant operations are not high risk.
We understand that sometimes temporary offshore or shared hosting accounts are a necessity. MerchantWorthy.com™ can help you get a domestic merchant account processor or, in the case where it is more advantageous for your business, will help you to find a reliable offshore merchant account processor, including those that specialize in accepting multi-currency payments and completing customer transactions.
High Risk Seminars & Sessions
From our Florida merchant showroom, MerchantWorthy.com™ will run high risk merchant introductory and analytical seminars. Or, if it is more convenient for you, we are always available for one-on-one risk merchant sessions to go over any aspect of the high risk merchant application, approval process or risk account characteristics.
Local Market Merchants
MerchantWorthy.com can help high risk merchants from any state, but concentrates its merchant showroom advisory services on companies in the Southeast United States. High risk merchants from Florida, Alabama, Georgia, South Carolina, North Carolina, Mississippi, Missouri, Louisiana, Kentucky and Tennessee can easily take advantage of our on-site merchant consulting services, seminars and sessions in our Florida walk-in merchant showroom.
So whether you are a high risk merchant in Atlanta or Miami, your merchant account was terminated in Knoxville or your Louisville stores have higher chargebacks, contact us today!
Contact MerchantWorthy.com™
During the underwriting process, the MerchantWorthy.com™ team will work with the prospective merchant to find ways that will help lower your company's risk profile. Our credit card processing best practices may ultimately help reduce any company's merchant processing costs, so why not contact us today?
Contact Information
High Risk Merchant IQ
Traditional Hard-to-Place Merchants
- Airlines
- Adult Websites
- Collection Agencies
- Credit Repair
- Debt Collection
- Global Charities
- Health / Herbal Supplements
- Inbound Telemarketing
- Online Dating
- Online Hotel Reservations
- Online Niche Foods
- Online Pharmacies
- Online Shopping Malls
- Outbound Telemarketing
- Tobacco Sellers
- Travel Related Services
- Web Hosting Companies