Comments on: What is a high risk business?

By: Justin

Justin — Wed, 06 Apr 2011 04:49:15 +0000

Thanks for the great post! I’ve been thinking about this exact same thing over the last few days, so it’s weird that you posted on it. You definitely did a much nicer job writing about it than I could have though.

By: wow quest helper

wow quest helper — Sat, 19 Mar 2011 11:20:01 +0000

Banking. Why is banking not posted as high risk? We experienced a recent bank here at our local place that is going bankruptcy. The depositors are now in protest.

By: merchant services texas

merchant services texas — Wed, 24 Mar 2010 22:38:42 +0000

I’m not sure debt collection is the red zone. It would depend on what kind of collections they are. Debt repair would be a red zone I believe.

By: Damien Gough

Damien Gough — Wed, 09 Dec 2009 03:42:46 +0000

I work for an internet payment service provider that services both ‘red’ and ‘grey’ merchant types as you describe. We call the grey accounts medium risk accounts. At the moment many banks are pushing more and more accounts into the high risk ‘red’ box which is making it even tougher for merchants. Our comapny needs to have people working full time just to track down those few banks internationally who are still happy to take on ‘red’ high risk merchants. It is a tough space for merchants to be in all the time underwriting by banks has become so tough.

By: texas merchant accounts

texas merchant accounts — Thu, 26 Nov 2009 10:30:58 +0000

There are various reasons that business owners find themselves in need of high risk merchant accounts. One of the most common causes is the type of business they wish to run. There is actually a rather large list of businesses that are classified as high risk.

By: hair care products

hair care products — Sat, 08 Nov 2008 14:38:22 +0000

I agree when you say that a company that accepts returns is likely to be a lower risk, as they genuinely want the customer to have a good service.

I guess it depends on how many returns they are getting. If the returnsare high then either the goods are of poor quality or not as described in the advertising.

By: Speeding Ticket

Speeding Ticket — Fri, 24 Oct 2008 23:07:34 +0000

I agree – some of my businesses are decidedly low risk in my opinion but I’ve had to use third party processing for many of them. Even then, third party processors can be picky so shopping around is a MUST.

By: remove skin tags

remove skin tags — Mon, 20 Oct 2008 23:36:17 +0000

Great info. Do you think that the more businesses that go online each year will change the risk factors?

I agree with you that the fact businesses are customer focused and make refunds should not be a key risk element. Wouldnt the card processor charge for this anyway?

By: Acne

Acne — Fri, 30 May 2008 04:54:13 +0000

The issue with 2rd party processors are pricing and reputation / trustability.

We are in the custom product business.

Would you say that there has been any change to the red zone / grey zone in the year 2008?

By: Mehmet Onatli

Mehmet Onatli — Thu, 29 May 2008 14:28:49 +0000

It’s about time that these credit card processors came down from their ivory towers and got in touch with the reality of life. Instead of doing their damdest to make things difficult for honest hardworking people to make a living.