What is considered high risk business?

[nastathin]

Need to know what business is considered high risk bussiness?

 

[JohnLocke]

Adult, Replica, Pharmacy and Gaming business is considered as high risk business! there are many‌ more..

 

[nastathin]

So I can't apply for merchant account with Replica business? Who can process replica please‌ advise:s-confused: I have already applied with psbill and gspay both declined..

 

[JohnLocke]

There may be other processors around what about Failsafe Payments - your reliable partner. Merchant‌ credit card processig have you tried them?

 

[PainlessProcess]

There are several classifications for high risk businesses. It can be based on questionable products‌ such as e-cigs, supplements, or enhancement products. High-Volumes of transactions or high dollar transactions. Risk‍ Free, Free-Trail, Risk Free Trial, Negative Option and other continuity business models. Products and services⁠ with high rates of chargebacks such as adult, debt collections, private investigations... and the list⁤ goes on. Your classification is based on the industry or product you sell and the⁣ business model you run. Replica businesses can get approved, it depends on the history of⁢ the principal(s) involved...

 

[Alnitech]

I suppose almost every business may be considered as risky ecpesially when it is connected‌ not with production but with reselling.