Businesses that require merchant banking services are classified as high risk accounts. This is not necessarily a reflection on the individual business, but more of a broad classification. Merchant National takes on a number of these types of accounts and offers a range of competitive services for such customers. The list of high risk business would typically include (but is not restricted to):
• Online pharmaceutical retailers
• Pharmaceuticals
• Gaming
• Telemarketing operations
• Infomercial and TV shopping retail
• Online dating services
• MOTO Accounts
• Travel
• Adult
• Pari Mutuel Wagering
• Discount Savings Clubs
• Business Opportunities
These business categories clearly require the ability to offer credit card and other online payment processes to their customers – the fact that businesses like these are considered to be risky is due to historical data collected by the banks. High charge-back and payment dispute rates are the reasoning for classifying them as “high risk”.
Merchant National is able to offer merchant banking services to such businesses despite the “high risk” label and offers extremely competitive rates for our clients (although fees may be higher than regular merchant accounts).
Call us see how we can help you with your merchant banking needs – whatever your business situation. If you’re business is high risk- we aim to offer the best rates available.
