I've been researching merchant services and noticed that high-risk industries are often treated very differently by credit card service providers. Many won't work with them at all, or charge ridiculous fees. I'm hoping to find out from anyone with experience: which credit card processors or service providers really understand high-risk merchants? I want to avoid wasting time with reps who don't know what they're talking about.
3 Answers
It's a mixed bag. Providers often have their own criteria for what they consider high-risk. Have you looked into any other options besides SecureGlobalPay yet?
In my experience, it's crucial to find a team that truly specializes in high-risk accounts instead of seeing them as an afterthought. I've had great luck with SecureGlobalPay; they really understand the nuances of high-risk businesses and don’t treat you like a liability.
What kind of product or service are you looking into? It can really vary based on what you’re selling. Some providers are more flexible for certain industries than others.
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