Merchant accounts are required in order for a business to accept credit card payments. As a merchant, there are two places you can obtain a merchant account; a bank, or a third party provider. For online pharmacy merchant services merchants the most popular, so in most cases cost effective, source is from a 3rd party merchant account provider.

A high risk merchant card account is required by businesses that, when compared along with ‘traditional’ goods/services business, was at a higher risk of:

Bankruptcy

Fraudulent Transactions

High amount of sales

High rate of refunds

High rate of charge-backs

Other reasons a merchant may be categorized for a high risk are:

Merchants Location – Some merchant account providers won’t accept merchants from certain countries.

The Product/Service the merchant sells is prohibited in some jurisdictions.

Merchant Credit history – Some providers will not accept merchants with poor or no credit details.

Due towards high risk classification, most banks won’t provide a forex account to people in a high risk industry (such as adult entertainment, replica goods, pharmacy etc). Therefore some vacation providers offer their services to both general merchants and high risk merchants.

Merchant account providers that happen to be developed to service perilous merchants will generally provide to the next stage of fraud protection, so as to decrease might their merchants incur. However, in order to cover the advanced of risk, rates high risk merchant account will always be higher than their lower risk counter-parts.

When looking for a high risk merchant account, there are a number of factors if you want to take into mind. Rates will be one very sound factors, as well as includes fees for refunds and charge-backs, along with transaction fees, the discount rate and recurring fees. You will need to think about fraud protection, customer service and reporting available a person as a merchant.