High Risk Merchant Accounts TypesBanks classify certain types of business as high risk merchant accounts. Statistically, high risk merchants have a greater likelihood of chargebacks and fraud, increasing the chance of financial losses for acquiring banks.Companies in any industry with fast growing..
Businesses processing more than $100,000 per month are considered high volume merchants. As part of the application procedure, high volume merchants are asked to submit financial statements consisting of Balance Sheets and P&L (Profit & Loss) Statements.The financial statements are part of..
High Risk Merchants ChargebacksHigh risk merchants are presented with significant challenges in dealing with chargebacks, many of which are beyond their control. One of the biggest issues is that some of the largest processors in the US have woefully inadequate reporting systems to notify..
Sex Sells Big Time OnlineInternet adult entertainment is a $5 billion industry. Over 40 million Americans are regular visitors to adult websites. More than 33% of all internet downloads are of pornographic material.One thing is for sure. Establishing and maintaining adult merchant accounts is..