A high-risk merchant account is a payment processing account for businesses that traditional payment processors classify as high risk. High risk refers to a higher probability of chargebacks or fraud relative to more traditional businesses. Additionally, criteria like transaction size, industry, sales model, and order fulfillment timeframes can influence whether or not a given business is classified as high risk.
Unfortunately, once a business is classified as high risk, securing payment processing can be costly or even completely out of reach with traditional financial institutions. That’s where TailoredPay comes in: As a high risk payment processor, we have relationships with banks and industry expertise that enable us to provide your high risk business with the payment processing services it needs.