When I was setting up my business bank account, I started wondering if my business would be considered low-risk by the bank. With industries like consulting or e-commerce often flagged as higher risk, I couldn’t help but think about how my business type might influence their decision.
Banks see businesses with predictable revenue, a clean financial history, and low chargeback rates as low-risk. Retail shops, professional services, and local businesses are typical examples.
High-risk businesses usually operate in volatile industries like gambling, CBD, or adult entertainment. Factors like high chargeback rates or financial instability also contribute to this label.
