High Risk Business?

[julijuli]

I browse around and found that some type of business will be categorized as "High Risk". What kind of business categorized in this type? Please share. Thank you!

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[SiddFisher]

High Risk businesses refer to those areas where there is a certain risk involved for both, the business owner and the clients......quite literal right!!


This risk may be in terms of anything and therefore if you're about to start using a service please read the disclaimer of any service before using it.

 

[aksu123]

There are several factors that determine if a business is to be considered high risk. The main reason is the type of business. Risk is based on the merchants probability of chargebacks, returns, the businesses history, and the planned method to accept credit cards. Yes, returns are a large factor in determining the risk of a certain business type. Processors assume that if there is a lot of returned merchandise, then the merchant isn't doing something right.


Often businesses run into the problem of being labeled as a high risk business for processing electronic payments and are forced into unconventional processing agreements. Many business owners have no idea that their industry falls into a high risk category.

 

[SiddFisher]

aksu123 said:
There are several factors that determine if a business is to be considered high risk. The main reason is the type of business. Risk is based on the merchants probability of chargebacks, returns, the businesses history, and the planned method to accept credit cards. Yes, returns are a large factor in determining the risk of a certain business type. Processors assume that if there is a lot of returned merchandise, then the merchant isn't doing something right.
Often businesses run into the problem of being labeled as a high risk business for processing electronic payments and are forced into unconventional processing agreements. Many business owners have no idea that their industry falls into a high risk category.
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You are right but payment processor technology, money-back guarantee, etc aren't very important criteria. High risk businesses are investment programs where the owner requests people to deposit money so he can make investments and return a share of the profit. That's HIGH RISK!!

 

[julijuli]

What about "adult business" like "adult websites". Will it be categorized as High risk or not? We can start that kind of business at offshore company, can't we? Please share..

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[SiddFisher]

Nope!! Adult businesses aren't high risk, although I've heard that people have been killed over fueds in that industry. If you're talking about health risk, then you've got a point, it is risky. But in the business sense, it isn't high risk.

 

[aksu123]

Gambling


I think gambling business is a very high risked business. As it stands, most types of online gambling are now illegal in the U.S. and other countries due to several key events.

 

[mark]

I think high risk is where both businessman and customer suffer if product or service goes in wrong direction. I think in positive side high risk brings higher profit if all goes good. Means "higher the risk higher the profit"

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[uplana]

I think every business has some sort of risk involved in it which depends on various factors. One can even gain a maximum profit from even a low potential and risk containing business if go through a proper market research.

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[princee18]

I think online Gambling Business and Online casinos are the High risk businesses. Generally where clients and owners have the risky business, This type of business is refered as High Risk Business. Even Online Money back Business is also one of the High risk business.

 

[andrew25]

There are too many high risk businesses and they mostly involves large investments with an unstable and unpredictable profit rate. Most of the Forex and stock market businesses are of high risk.

 

[jackwilson]

Actually such business is for those who are either desperate to be successful or for the ones who are well off and would not mind losing some on the risk.


Jack Wilson

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[blacktom]

Hello


A ”˜high risk' business loan is an advance given to a business that has a history of defaulting on loans or slow payments with other lenders or merchants. It can often seem impossible for business owners like these to get fast loans for bad credit, but high risk loans do exist. Learn important tips that will help them obtain loans that will put their business back on their feet.


Obtain a Bank Account or Credit Card


One thing most individuals must have in order to obtain a high-risk business loan is a bank account or credit card the lender can use to withdraw the loan payments automatically. This helps the lenders feel more secure about providing the individual with the loan, because the payments can be taken out as soon as they are due rather than the lender waiting for the borrower to provide the payments. Individuals should have a good standing bank account or credit card that can be used for the high-risk business loan.

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