I’m exploring the idea of starting a CBD brand and noticed it’s often labeled high-risk by banks and payment processors. Why do industries like gambling or CBD get classified this way, even if the businesses are legal and follow all regulations?
Answer by: abdullah-al-naim
3 weeks ago
These industries often face higher chargeback rates, regulatory scrutiny, and potential legal risks. This makes payment processors cautious, leading to the high-risk classification.
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
