High Risk Merchant Accounts & Payment Gateway Solutions

  01.  You’re Categorized as a High-Risk Merchant If it comes to payment processing, you might have difficulty getting approved for a merchant account since you run in a high-risk industry or fall under one of any number of explanations why a merchant account provider would classify your company as high risk, such as: fraud, bad credit, or background of chargebacks. The following are a couple of the many industries and businesses that have higher incidences of chargebacks and that many merchant providers would deem as needing a  high risk merchant account . Airlines Automotive brokers Cannabis dispensaries Lending collection Fantasy sports sites International import/export Modelling Real estate Traveling agencies Any weapons associated business In other words, if your business model is considered to require a high risk merchant account, finding a financial institution that is willing to deal with you is tough. Therefore, you’ll need a company that specifically deals in hi...

  With the rapid growth in   CBD merchant accounts , banks are enforcing stricter policies when it comes to CBD health claims. As a general rule, it’s critical to avoid specific language and direct medical claims on your website. Following a few basic policies and adjusting the wording for CBD items on your website will help expedite your approval process and get your merchant account up and running fast. Bank Regulations For CBD Merchants Consistent with FDA compliance regulations, banks, and  payment gateway  providers will be focusing on the following. Product Descriptions  – Omit claims made in these descriptions. Keep descriptions specific to the physical properties of the item or the process by which they are made. Don’t extend the descriptions to include health benefits or purported effects. Keep Academic Claims Separate  – CBD health reports or discussions about individual experiences should be separate from any product marketing. If you want to dis...

  Selling e-cigs and vape retail online is a profitable business model. Because of the nature of this industry, these companies need a bongs merchant account. It is a venture you can’t take on without proper payment processing solutions. And vape business owners must be aware of the regulations that come along with being in a high-risk industry. Because of the  high regulations  in business and the potentially high level of chargebacks, you’ll be required to get merchant accounts with a high-risk payment processing company. Most conventional banks favor low-risk merchant accounts. High-risk payment processors are more likely to approve your business application for a  vape high risk merchant account . Bongs Merchant Account Basics Unlike low risk businesses, a high risk business cannot just walk into a regional bank and get readily approved. The same goes with aggregate payment processors like PayPal and Stripe. You’ll need to consider applying for a vape or eCig mer...

CBD MERCHANT ACCOUNT Cannabidiol, abbreviated as CBD, is one of 113 active cannabinoids identified in cannabis. Cannabidiol or CBD oil is a compound in marijuana that offers many benefits without any psychoactive effects. This is also known as becoming high. Health specialists are currently describing the benefits of CBD to be effective in treating major ailments and illnesses such as depression, cancer, epilepsy, and much more. Why Is CBD Considered High Risk? Because of the questionable nature of this product, it has been categorized with banks and cbd payment processing companies as high risk. This is due to the simple fact that CBD oil is manufactured from the hemp plant. This risk-based on reputation makes is increasingly difficult for CBD oil retailers to secure payment processing and a CBD payment gateway for a merchant account. Getting approved for a  high risk merchant account  without enduring the hassle of being declined over and over again can be difficult. Jumping...

Vaping Ecig Tobacco High Risk Merchant Account Solutions If you’ve read the news lately, you have noticed the growing number of vape, electronic cigarettes, and smoke shops opening. So you won’t be surprised to hear that the demand for  vape merchant accounts  is on the rise. In fact, researchers estimate the vape industry will be worth over $8.26 billion by 2025. With this growth, it is a no-brainer high risk industry to break into, especially if you’re looking to start a vape small business. The vaping and e cigarette industry is subject to heavy government regulations. Because of these laws, vape shops must obtain high risk merchant accounts . These factors may cause acquiring banking to pause any debit or credit card payment processing for vape merchant accounts since it is considered high risk. Before you open the doors or launch your online vape business, learn why you’ll need high risk merchant account solutions for your business. Why Vape Merchant Accounts are High R...

The continuity Subscription model has become one of the most successful business structures within the last few years. This is, in part, due to the convenience of paying for and receiving the goods and services. But what is more inconvenient than mailing a check or dealing with the intricacies of PayPal? Without the ability to accept credit card payments quickly and securely, your subscription business will suffer. On top of this reality, the subscription or recurring structure is not considered a traditional category by acquiring banks. Essentially, this means that, as the business owner, you will have a harder time securing merchant processing in comparison to traditional, low-risk businesses. We are in digital age. Digitalization is engulfing the world at a very fast pace. At such a time, the corporate world has also amalgamated digitalization into its market offering. In a sea full of businesses, to stand out, firms are now giving their customers the option to pay online. This ...

In recent years, vaping and e cigarette companies have looked deeper into credit card processing solutions for their businesses. If you want to sell e-cigarettes or establish an online vape store, one obstacle you will face is finding a vape merchant account solution. Vape devices, electronic cigarettes, and smoking accessories are classified as high-risk products. This means, they cannot be sold using traditional payment processing solutions.   Companies like PayPal, Stripe or Square will cancel your merchant services if you are in the online vape industry. If you’re having trouble finding a reasonable vape merchant account for your vape shop ecommerce website and need a solution, look no further than Dough Merchant Services . Selling Electronic Cigarettes Online Vaping and e-cigs companies continue to thrive in the online world. With vaping proven to be a healthier substitute to cigarettes, many people are switching over to the trendy alternative. As a result, vapes, ju...