High Risk Account
There is a wide range of businesses that are considered high risk by processors and are usually denied by commercial banks. This is primarily due to a high rate of claims and returns (charge backs) linked to products or services these businesses offer or make. MG Merchant Services has more than 10 years representing processors that specialize only to such customers and have a high rate of approval for them. Below is a list with some examples of businesses that are included in this category of High Risk Account.
Adult videos and toys
Pornography
Agency Chaperone
Medical Marijuana
Debt consolidation
Travel agencies
Multi-levels
Games Online
Collection agencies
Telemarketing
Casinos Online
Web Design
Law firm