What is a high risk company?

A high-risk business is an operation that, for one or more reasons, is perceived by credit card processors or financial institutions to represent an elevated risk for chargebacks. High-risk businesses are simply merchants who are perceived to have a greater risk of financial failure.

Who owns paycloud?

PaymentCloud got its start in 2015 with just 3 members, a garage, and a mission. Shawn Silver, the CEO and visionary, had an idea to start a merchant services company that would not only support any business type but also leads with low rates and a personalized touch.

Who is a high risk customer?

Higher Risk Customers are those who are engaged in certain professions or avail the banking products and services where money laundering possibilities are high. Financial Institutions conduct enhanced due diligence (EDD) and ongoing monitoring for the higher risk customers.

What is the riskiest business to start?

Ten Riskiest Businesses To Start

• Restaurants And Bars.
• Communications.
• Travel Agencies And Tour Operators.
• Food Stores.
• Personal Services.
• Auto Repair.
• Trucking.
• Money Services Businesses. MSBs, as they are known, include check-cashing outfits, currency dealers and issuers of travelers’ checks.

What businesses are high risk to banks?

Here is a list of popular industries that typically most lenders view as a high-risk investment:

• Accounting.
• Agriculture.
• Alcohol.
• Construction.
• Financial services.
• Food.
• Insurance.
• Media.

What are the best credit card processors for high risk e-commerce businesses?

eMerchantBroker.com is a Los Angeles-based credit card processor that primarily serves high risk e-commerce business types. The company’s high risk processing services include chargeback dispute resolution, an online payment gateway, ACH processing, merchant cash advance, and MOTO processing options.

Why is it so hard to find high risk credit card processors?

It’s hard to find quality credit card processors for high risk business types. Many large merchant account providers will refuse to process transactions for high risk businesses, which limits the options that are available to hard-to-place merchants.

What are the best merchant accounts for high risk customers?

Best Merchant Accounts for High Risk 1 PaymentCloud 2 eMerchantBroker 3 Host Merchant Services

What are the best merchant account providers in California?

1 PaymentCloud. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. 2 eMerchantBroker. eMerchantBroker.com is a Los Angeles-based credit card processor that primarily serves high risk e-commerce business types. 3 Host Merchant Services.