I recently got declined by a payment processor who said my business was high-risk. That caught me off guard. Who actually decides if a business is considered high-risk, and what criteria are they using to make that judgment?
Answer by: abdullah-al-naim
3 weeks ago
There isn’t a single authority that determines if a business is high-risk. Each payment processor or bank has its own criteria for categorizing businesses, usually based on its own risk management policies. They evaluate a variety of factors about your business to figure out how risky it is.
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Learn more about High-risk business and merchant accounts:
Understanding High-Risk Business: Risk Factors and Solutions
10 Clear Signs Your Business Might Be High Risk!
Low-Risk Vs. High-Risk Business in Terms of Payment Gateway
High-Risk Merchant Account: Secure Yours, Thrive Without Limits
