Worldwide High Risk

Low Cost High Risk Processing Australia

A high-risk merchant account indicates that your payment processor has deemed your firm to be more vulnerable to fraud or chargebacks. To compensate for the risk that the payment service is taking on, high-risk merchant accounts pay much higher processing costs. Higher-risk customers are people who work in particular professions or use banking goods and services that have a high potential for money laundering. For higher-risk consumers, financial institutions do enhance due diligence (EDD) and continuous monitoring. A high-risk merchant account is indeed a payment processing account for firms that banks regard to be high-risk. Because high-risk firms are more likely to experience chargebacks, they must pay greater costs for merchant services.

The higher the risk, the more chargebacks a company has. As a result, industry reputation & processing history are the most important criteria.