Top 5 High Risk Merchants that Need Payment Processing

Mar 8, 2023 | High Risk, Payments

Payment Processing for High Risk Merchants

Many businesses often don’t even realize that they are a high risk merchant until something goes wrong. As a result, their payment processing account gets frozen for insufficient funds.

Even worse, the chargebacks start stacking up and the account is completely shut down. The merchant is then left wondering how to get themselves out of a high risk processing predicament they didn’t even see coming.

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High Risk Merchant List

If you want to know if your business is on the high risk merchant list, then you’ll want to check the main industries below. There are significantly more regulations to follow for companies listed there. Restrictions limit access to resources that would be available to low risk businesses. As a result, there are far more hoops to jump through before acquiring proper payment processing.

We’ve seen regulation crackdowns in several industries more recently than ever. Here are the top 5 high risk merchants that are most likely to process high risk payments. These businesses need a trusted company like Signature Payments to provide them with high risk credit card processing.

High Risk Merchant List Industries

1. Nutraceutical Merchant Accounts

First on the high risk merchant list is nutraceuticals. Signature Payments leads the industry for payments companies that are considered to be nutraceutical merchant accounts.

So how do you go about getting a high risk merchant account for your nutraceutical business? It’s a relatively simple process. First, choose a merchant account payment processor provider. You need to select a reputable company. Therefore, use one that has direct relationships with bank sponsors that can provide you with payment processing, like Signature Payments. In short, you need a high risk merchant account provider to be successful.

As a result, nutraceutical merchants often have trouble finding online credit card processing because of potentially high chargebacks and continuity billing models. However, most banks consider nutraceutical merchants too much of a risk. For example, Signature Payments understands the unique needs of the nutraceutical industry and has multiple domestic and international options to keep your business sustainable.

2. Adult Industry Merchant Accounts

Coming in at number two on the high risk merchant list is adult. In the adult entertainment industry, Signature Payments is a trusted high risk adult merchant account provider.

Getting a high risk merchant account for your adult entertainment business isn’t an impossible task. Without knowing where to start, it can seem overwhelming. It is especially difficult if you weren’t aware that your business was considered high risk. Therefore, it is time to choose a merchant account payment processor.

You need to choose a reputable company like Signature Payments, which has direct relationships with bank sponsors that can provide you with payment processing. Therefore, the most critical element is understanding that you need a high risk merchant account provider to be successful in your industry.

Finding a suitable adult merchant account for your adult business can be challenging because it is considered high risk. However, with an adult merchant account from Signature Payments, you can qualify for an account with one of our domestic or international acquiring banking partners at a competitive rate. Signature Payments likely has a solution for whatever form of entertainment your business offers. We can get you processing payments in as little as three business days.

3. Vape and E-Cig Merchant Accounts

Third is vaping and e-cigarettes. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. With regulations on payment processing getting more strict, you will need a solution you can rely on.

Have you faced the challenge of finding a payment processing solution due to the crackdown on vape and E-Cig sales? Don’t fear getting a high risk merchant account for your vape or E-Cig business. First, choose a high risk processing merchant account provider. You need to choose a reputable company like Signature Payments, which has direct relationships with bank sponsors that can provide you with payment processing. Bottom line: you need a high risk merchant account provider to be successful in your industry.

E-Cigarettes and Vapes are considered high risk in the online merchant account world. As a result, credit card processing solutions can be challenging to find. The vaping industry has been propelled into a billion-dollar industry because of demand. Expand your market share with an online presence. Signature Payments has multiple options, making obtaining a vape merchant account simple in as little as 48 hours.

4. Subscription Box Payment Processing

If your company has subscription billing, you’re a contender for the high risk merchant list. Not to worry, when you need a company to process payments for a high risk subscription box merchant account, Signature Payments has you covered.

How do you obtain a high risk merchant processor for your subscription box business? Good question. The process begins with choosing a merchant account payment processor. Consequently, you need to choose a reputable company like Signature Payments, which has direct relationships with bank sponsors that can provide you with payment processing. You need a high risk merchant account provider for financial stability in your company.

Are you having trouble finding a reasonable subscription box merchant account for your ecommerce website? Subscription boxes are considered high risk in the online merchant account world because they often use recurring billing methods. So credit card processing solutions can be challenging to find. The subscription box industry is growing fast. Expand your market share with an online presence. Signature Payments has multiple options for you, making obtaining a subscription box merchant account easy.

5. Firearms Merchant Accounts

Firearms merchant accounts need reliable and experienced payment companies. However, they need to be high risk firearms merchant account providers. Signature Payments takes the lead and provides a complete solution for all your payment needs.

Above all, the first step to getting a high risk merchant account for your firearms business is choosing a good merchant payment processor. You need to choose a reputable company like Signature Payments because they have direct relationships with bank sponsors that can provide you with payment processing.

Reliability is essential when seeking a processing partner for your firearms website. As a result, businesses that sell firearms may find it challenging to find the right high risk merchant processing solutions for them. Many banks are often fearful of the potential legislation “guns” or “firearms” may bring against them. Nonetheless, we have firearms merchant accounts solutions made specifically for you.

Businesses Categorized as High Risk Merchant

When your business is categorized as a high risk merchant it can be challenging to know where to get the high risk merchant services. This is important because you need to receive a debit card and credit card purchases successfully. If you’re unsure if your business is considered low or high risk, refer to this high risk merchant list for industries that require customized payment processors: