Common High-Risk Industries
Any business with bad personal or business credit scores, a high chargeback history, a startup, or high frequency or high average tickets can be at high risk. On an individual basis, the majority of high-risk businesses are among such by the industry they operate in.
Some examples of high-risk industries include
- Document Preparation -
- Downloadable Software
- Educational Software
- Electronics Business
- Extended Warranties
- Financial Aid Consulting
- Financial Services
- Fine & Cosmetic Jewelry
- Insurance Providers
- Magazine Subscriptions
- Air & Water Filtration
- Antiques & Collectables
- Apparel Sales
- Auto Parts & Accessories
- Auto Transport
- Businesses with Bad Credit
- Beer, Wine & Liquor Sales
- Computer Hardware
- Debt Consolidation
- Discount Buying Service
Risk factors that make a business HIGH RISK
- You have lost your previous merchant account due to high chargeback ratio.
- Questionable sales and marketing tactics.
- Potential legal and financial liability.
- Your credit is really bad.
- Industries with excessive chargebacks or fraud incidents.
- Trial continuity business.
- Previous credit card processing is not good enough.
- You’ve been branded as a terminated merchant (TMF).
The high-risk merchant account categorization depends on your business’ industry. Regardless of your individual businesses’ track record. In addition, the high-risk category includes businesses that are declined by a previous credit card processors. And, businesses that are on the MATCH or TMF list. Also. the companies whose owners have bad personal credit or low credit scores or businesses outside the US.
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