high risk credit card processing normally entails some classes of merchants, whose company is regarded as of greater risk. Businesses which have a high charge-back speed and take non-card payments such as on-line payments and also payments via telephone come beneath this class. Businesses which come under this class comprise telemarketers, online casino and gambling sites, adult service providers, online auctions, progress booking sites, travel agencies such as cruise lines, and computer shops, cold storage meat lockers, and internet pharmacies. These companies are charged a higher rate for those services which they supply, than other companies. Such businesses work at a greater charge rate and turnover.
Businesses which are under this class are believed to be high risk for a number of these reasons
Have increasing client dissatisfaction prices
Possess a high turnover
Have a low credit score
Provide money-back guarantee
Are vulnerable to credit card fraud
Have no permanent site
Conduct all the interaction with clients through telephone, email, or through mail order.
Incorporates recurring billing or entails memberships
high risk credit card processing businesses examine the quantity of time a business was in the company and at the quantity of charge-backs. If your company has existed for a while, then it’s assumed that you’re conscious of credit card fraud and also could identify a potential threat. In case your charge-backs are significantly less, it’s supposed your company is doing everything correctly. A charge-back describes your payment that is reversed or reimbursed right back to your customer for several potential factors.