Answers
Apr 10, 2019 - 04:33 PM
Statutorily, financial institutions are required to periodically review their customers for suitability and compliance with business objectives and regulations. This is probably what happened. Known as “Know your customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship. The term is also used to refer to the bank regulations and anti-money laundering regulations which govern these activities. Know your customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents, consultants, or distributors are anti-bribery compliant. Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruptiondue diligence information.” (Wikipedia)
Among the types of businesses often classified as high risk are –
- Adult Industry Merchant Accounts
- Vape / E-Cig Merchant Accounts
- Nutraceutical Merchant Accounts
- Firearms Merchant Accounts
High-Risk Merchant Services Providers
Since your business falls into a category that most processors consider as high-risk, here are a few providers that offer services to high-risk businesses -
About Durango Merchant Services: Durango Merchant Services is a broker for multiple banks worldwide, we specialize in eCommerce, MoTo, mail order and high-risk merchant accounts!
We are a world leading consultant group for hard to place and low risk merchant accounts. We specialize in merchants looking for a service above the normal offerings from traditional merchant service providers. No matter your needs, Durango Merchant Services LLC can help you process payments for your business. Durango Merchant Services is based in Durango, CO.
Address: 10 Town Plaza Ste 162. Durango, CO 81301.
About SMB Global: Cut through the hassle of getting rejected by most payment providers and get high risk merchant services that fit your unique business. We use both domestic and offshore banking relationships to help even the most hard-to-place businesses start accepting payments. SMB Global is based in West Jordan, UT.
Address: 6783 S Redwood Rd. Suite 103. West Jordan, UT 84084
About EMB: EMB is the Nations #1 high risk credit card processing company
We are devoted to your experience and your expectation with us. Our dedication to you has resulted in an A+ Rating with the BBB and a #1 rating with TopCreditCardProcessors.com. EMB is based in Thousand Oaks, CA.
Address: (US HQ) 199 West Hillcrest Drive. Thousand Oaks, CA., 91360
About PayKings: Get pre-approved in as little as 6 hours for difficult to obtain high risk merchant accounts - our team of experts say yes to virtually any business type, business model, and even those restricted product types - all through PayKings high risk payment gateway and direct network of 20+ banks and PSP's. See how quick and easy it really is to get approved today for high risk merchant account rates as low as 2.49%* by filling out our QuikQuote™ form.
PayKings is based in St. Petersburg, FL
Address: 100 2nd Ave N #311 St. Petersburg, FL 33701
About PaymentCloud: The company PaymentCloud is dedicated to providing superior financial products while keeping costs as low as possible. We understand the subtleties of the complex industry of credit card processing, which means we have the knowledge necessary to help your business succeed. We understand that courteous, professional, and relational services form the foundation for sustained, long-term growth. Solid business practices ensure stability and reliability for all of our customers. We are passionate about our work, and you can be assured that PaymentCloud is here to help you.
Our customers are our top priority. We will work hard to earn your continual loyalty, and we want to make sure that you are satisfied with our business. Your success is our success. We care about you and your business, and we will do our very best to serve you.
PaymentCloud is based in Sherman Oaks, California, and has been in business since 2010.
Address: 15165 Ventura Blvd. Sherman Oaks, California 91403
Nov 03, 2019 - 11:54 PM
Industries dealing in high-risk businesses require a solution to move their industry ahead and this is possible via an effective service provider. ePay Global is the solution provider offering incredible transaction to merchants once you join hands with them. To seek a solution, you can enhance your transaction with a High-Risk Gateway without any complication
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