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High Risk Trader: A Comprehensive Review of Security and Best Options”
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What are High-Risk Payment Processors?
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What Exactly do you Think When you Refer to a High-Risk Merchant Account?
– Adult industry – Airline travel and cruises and vacation planer – Furniture and electronic store – Gambling – Online dating – E-commerce – Multilevel marketing (MLM) – Electronic cigarettes, cannabidiol (CBD) and vape shop – Subscription services and businesses offering regular payment plan – Collection of debt
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Types of Businesses Commonly Considered High-Risk
– Volume of transactions is low (less than $20,000 in a month) – Transactions under $500 are not considered average. – Operation in a country which is considered high risks (the U.S., Canada, Japan, Australia and those located in Europe) – One currency – Low or no chargebacks and an extremely low proportion of refund – Industries labeled low-risk
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High-Risk vs. Low-Risk Merchant Account
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THE FINAL WORD ON HIGH-RISK CREDIT CARD PROCESSING
1. PaymentCloud:No cost for application or account setup. Supported Industries: Adult services, CBD, MLM, nutraceuticals. 2. National Processing:No application or account setup fees. Industries supported: CBD, firearms, vape shops, financial services, transportation. 3. Durango Merchant Services:Account approval in as little as 24 hours (typically 4-6 business days). Supported Industries: eCommerce, bail bonds, debt services, offshore businesses. 4. Host Merchant Services:Account setup and application costs. Supported Industries: Firearms, vape shops, real estate, gambling. 5. Soar Payments:Instant online quote for quicker account approval (3-5 business days). Supported Industries: Credit repair, legal services, pawnshops, CBD. 6. Easy Pay Direct:One-time account setup fee of $99. Supported Industries: CBD, telemarketing, massage parlors, online gaming.
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THE 6 BEST HIGH-RISK MERCHANT ACCOUNT PROVIDERS