Which businesses are termed as high risk merchant accounts by credit card processors?
High Risk Merchant Accounts are characterized by the added risk of high volume sales, potential chargeback and refunds, fraud, insolvency and no credit history thereby increasing the financial risk undertaken by the bank or other processors. Here are some of the businesses termed as high risk merchant accounts: • Online Casinos: Online casinos and merchants involved in other gambling and gaming business activities. • Sports wagering: Merchants involved in betting and wagering in all kinds of sports such as football, soccer, hockey, basketball, baseball, tennis, autoracing, golf and boxing. • Ewallet/e-cash: Businesses involving digital cash, e-wallets are a convenient way to make small to large purchases online are termed as high risk merchant accounts. • Adult entertainment: Online adult entertainment has over the years become a well-organized and profitable industry. The adult entertainment merchants offer all kinds of erotica in the form of DVDs, videos, escort listing directories a
