As a business owner, hearing that you are considered a high-risk merchant, can be shocking. Typically, you will not find out that you are considered a high-risk merchant until you try to enlist merchant services and are denied.
Why Were You Denied Merchant Services?In many cases when you are denied services, the denial will tell you that you are designated a high-risk business, which in some cases still is not a clear answer. Understanding what makes you a high-risk business can help you to understand why you are denied. It may be that:
- Your business has had quite a few charge backs in the past
- That your business was identified as fraudulent
- The products or services that you provide are considered risky
- Where you do business can also be considered a risk