Has your local bank rejected your application, telling you that they cannot open a business establishment because your business model or track record presents a risk to them? Or that they don’t offer services to traders within their industry?

Fortunately, we specialize in organizing high-risk, all-in-one business account solutions. Our risk management experts have a decade of experience working with trusted payment institutions; we take a flexible, case-by-case approach. With our network of proven and trusted international, offshore and domestic banking partners, we are able to provide a merchant account solution for your business, even if you have been classified as high risk before, or are facing difficulties as a startup business.

WHY HIGH RISK?

Do you need a high risk trading account?

Banks and payment providers take many factors into account when deciding whether a business should be classified as high risk. The primary concern is the reputation of the industry in which the company operates and its history of trading and processing. For example, the online gambling industry is automatically considered high risk by acquiring banks due to its history of unregulated schemes. When there is a chance that customers will end up being dissatisfied with the product or service, or when volumes are higher, there is a greater chance of disputes. The theft of credit card or other data is also a risk. Suppliers are at risk and therefore impose stricter conditions,

Credit card processing history is the second most important factor in being approved. Card systems, such as Visa and MasterCard, dictate acceptable return thresholds, which are between 1% and 2% of sales volume and the number of transactions. Many companies can reach this threshold very quickly and even a couple of consecutive months above 2% will lead the bank to cancel the business account. This is why most high-risk merchants are asked for card processing statements detailing the previous 6 months and can only be approved after a thorough review. High chargeback rates, excessive refunds, and fraud tendencies decrease the chances of being approved.

According to the banks there are businesses considered safe and others that are classified as risky. If the business is considered high risk, a merchant account is required to be able to manage all the payments made online through the customers’ credit or debit cards. Financial consultants such as Foster Swiss offer the necessary advice to successfully establish a high risk merchant account provider for your business

Has your local bank rejected your application, telling you that they cannot open a business establishment because your business model or track record presents a risk to them? Or that they don’t offer services to traders within their industry?

Fortunately, we specialize in organizing high-risk, all-in-one business account solutions. Our risk management experts have a decade of experience working with trusted payment institutions; we take a flexible, case-by-case approach. With our network of proven and trusted international, offshore and domestic banking partners, we are able to provide a merchant account solution for your business, even if you have been classified as high risk before, or are facing difficulties as a startup business.

WHY HIGH RISK?

Do you need a high risk trading account?

Banks and payment providers take many factors into account when deciding whether a business should be classified as high risk. The primary concern is the reputation of the industry in which the company operates and its history of trading and processing. For example, the online gambling industry is automatically considered high risk by acquiring banks due to its history of unregulated schemes. When there is a chance that customers will end up being dissatisfied with the product or service, or when volumes are higher, there is a greater chance of disputes. The theft of credit card or other data is also a risk. Suppliers are at risk and therefore impose stricter conditions,

Credit card processing history is the second most important factor in being approved. Card systems, such as Visa and MasterCard, dictate acceptable return thresholds, which are between 1% and 2% of sales volume and the number of transactions. Many companies can reach this threshold very quickly and even a couple of consecutive months above 2% will lead the bank to cancel the business account. This is why most high-risk merchants are asked for card processing statements detailing the previous 6 months and can only be approved after a thorough review. High chargeback rates, excessive refunds, and fraud tendencies decrease the chances of being approved.

According to the banks there are businesses considered safe and others that are classified as risky. If the business is considered high risk, a merchant account is required to be able to manage all the payments made online through the customers’ credit or debit cards. Financial consultants such as Foster Swiss offer the necessary advice to successfully establish a high risk merchant account provider for your business

Has your local bank rejected your application, telling you that they cannot open a business establishment because your business model or track record presents a risk to them? Or that they don’t offer services to traders within their industry?

Fortunately, we specialize in organizing high-risk, all-in-one business account solutions. Our risk management experts have a decade of experience working with trusted payment institutions; we take a flexible, case-by-case approach. With our network of proven and trusted international, offshore and domestic banking partners, we are able to provide a merchant account solution for your business, even if you have been classified as high risk before, or are facing difficulties as a startup business.

WHY HIGH RISK?

Do you need a high risk trading account?

Banks and payment providers take many factors into account when deciding whether a business should be classified as high risk. The primary concern is the reputation of the industry in which the company operates and its history of trading and processing. For example, the online gambling industry is automatically considered high risk by acquiring banks due to its history of unregulated schemes. When there is a chance that customers will end up being dissatisfied with the product or service, or when volumes are higher, there is a greater chance of disputes. The theft of credit card or other data is also a risk. Suppliers are at risk and therefore impose stricter conditions,

Credit card processing history is the second most important factor in being approved. Card systems, such as Visa and MasterCard, dictate acceptable return thresholds, which are between 1% and 2% of sales volume and the number of transactions. Many companies can reach this threshold very quickly and even a couple of consecutive months above 2% will lead the bank to cancel the business account. This is why most high-risk merchants are asked for card processing statements detailing the previous 6 months and can only be approved after a thorough review. High chargeback rates, excessive refunds, and fraud tendencies decrease the chances of being approved.

According to the banks there are businesses considered safe and others that are classified as risky. If the business is considered high risk, a merchant account is required to be able to manage all the payments made online through the customers’ credit or debit cards. Financial consultants such as Foster Swiss offer the necessary advice to successfully establish a high risk merchant account provider for your business

The accounts merchant is defined as a type of account that is created in a bank or a financial institution with the intention of accepting online payments received by companies who trade online. Banks that offers these types of accounts are called acquiring banks. Acquiring financial institutions classify merchant accounts into two categories: high risk and low risk (high and low risk). To determine which category it belongs to, the type of product or service with which it is traded on the web is taken into account, as well as the high risk of refunds to the client. There are several examples of high-risk businesses such as gun sales, pawn shops, casinos, or airlines. Now that we have an idea of ​​what type of goods and services are considered high risk, it is important to define another aspect: the chargeback. It basically occurs when there is a dispute in the card payment processing. The main situations that can favor this type of operation are.