High Risk Merchant Accounts
Choosing the right merchant account for your business is one of the most important decisions that you as a business owner can make in regard to your cash flow. The right merchant account for your business will allow your business to flourish, while the wrong merchant account can hinder cash flow. By tailoring the merchant account to your business, especially if you are classified as 'High Risk', your merchant account will streamline customer payments. High risk merchant accounts are specifically designed for businesses with a higher chargeback probability. With our unique approach to understanding your business practices and our extensive relatinoships allow us to work with many unique businesses with various degrees of risk. High Risk Merchant Accounts can be easy to acquire with the right set of tools, the tools at the disposal of CDKPAY.
Many factors determine which high risk merchant account is optimal for your business. Some of these factors include:
- Location of your Business
- Product or Service Sold
- Method Through Which Product/Service Is Sold
- Type of Industry
- Monthly Volume and/or Number of Transactions
- Chargeback Rate
- Refund Rate
As each of these factors influences the overall perceived risk within each potential high risk merchant account, some businesses are pushed into the High Risk classification. If your business is classified as high risk, don't think that this is the end of your business ambitions but an opportunity for your enhancing growth. CDKPay is the place you should turn for your high risk merchant account needs. Our team focuses predominantly in understanding your business's needs, your operational structure, your payment acceptance needs, and how payment acceptance limitations can be overcome to acquire you the right high risk merchant account. Whether you need an adult merchant account or a travel merchant account, we have the tools to get you the right high risk merchant account.
For Example:
A merchant who sells nutraceutical products online and ships it to the customer's home is typically classified as high risk. This is because neither the consumer nor the merchant meet each other in person, and so the probability of a fraudulent transaction increases. In addition, some customers may not experience the expected benefits of purchasing the product, and as a result may chargeback. As a result of these two factors alone, most processors will not be able to provide sustainable payment acceptance for this business. By reaching out to CDKPay, the merchant is able to accept payments through a high risk merchant account design for the business's needs.
Use "High Risk" As An Opportunity for Growth
Owing to the specialized needs of merchants classified as high risk, veryfew merchant account providers are able to effectively process payments for businesses in these types of industries. In addition to individual industry exposure risks, payment processors must also balance the industries, the transactions, and the risk across their entire client base in order to stay within the parameters set forth by the governing institution of the payment type. CDKPay's inherent understanding of risk balancing allows us to work with many industry types and acquire the following types of accounts:
- Adult Merchant Account
- Web Hosting Merchant Account
- VOIP Merchant Account
- Travel Merchant Account
- Timeshare Merchant Account
- Sports Forecasting Merchant Account
- Gaming Merchant Account
- Escorts Merchant Account
- MLM Merchant Account
- Pharmacy Merchant Account
- Nutraceutical Merchant Account
- Herbal Products Merchant Account
- Auction Merchant Account
- Replica Merchant Account
- Payday Loan Merchant Account
- Dating Merchant Account
- Weight Loss Merchant Account
- Collections Merchant Account
