Industries
In certain cases your business type or industry may impact your credit card processing rate. What characterizes a business type or industry as higher risk are transaction variables such as: higher level of chargebacks.
To see whether certain industry risk variables may be impacting your company's processing rates, find your industry or business type in the list below:
| Color Code | Risk Level | Underwriting Guidelines* |
|---|---|---|
| Blue | Low | Auto-approved |
| Yellow | Medium | Approved within 30 minutes-24 hours |
| Red | High | Approved within 3-5 working days |
* MerchantWorthy's underwriting department typically will approve merchants within specific risk levels within the following time-frames. For medium to high risk merchants, MerchantWorthy may request additional information prior to making a final decision.
- Adult
- Automobile Dealerships
- Banks & leasing
- Business or Professional Services
- Buying Groups/Co-op Programs
- Chamber of Commerce / non-profit
- Charitable Assocations
- Debt Collection
- Direct Marketing Catalogs
- Gas Station / convenience store
- Government
- Grocery Store/Supermarkets
- Health Clubs/Fitness Centers
- Hotel/Motel/Lodging
- Insurance
- International Merchants (outside USA)
- Start-up Internet Website
- Internet/E-commerce Websites
- Mail Order Catalog / Telephone Order
- Manufacturing
- Medical / Hospital
- Property Managers / Real Estate
- Retail Store
- Restaurant
- Schools / University
- Travel Agencies
To find out how your business type or industry can impact your processing rates, please call us at 1-800-357-0001.