Banks, Processors and Acquirers consider a merchant account "High Risk" due to the association prohibition, high reputational risk, high fraud potential, is prone to chargebacks, or risk of financial failure exits.
These types of businesses often fall under the Card Not Present category, work from home and/or being a start up business. Processors also have a long list of industry types that they will not open an account for. You can see what a general list looks like below.
Common commercial banks aren't prepared to take on these riskier merchant accounts. We partner with various banks that specialize in establishing these account types.
If you have been turned down by your bank or another Merchant Service Provider, contact us. We have a 90% approval rate. As they say say in Lotto, "You Have to Play to Win!".
Smoking Accessories (Pipes etc.)
Marijuana Dispensaries & Delivery
Work from Home
Card Not Present
New Start Ups
Large Transaction Size
Online Gaming & Casinos
Moving & Transportation
VOIP and Telecom
Cigars and Pipes
Software and E-Books
Copyright © 2020 R S Merchant Services Int'l - All Rights Reserved.
RS Merchant Services is an ISC of TSYS Business Solutions LLC, 12202 Airport Way, Suite 100, Broomfield, Co. 80021 / One Tsys Way, Columbus, GA 31901 TSYS Business Solutions, LLC. is a registered ISO of Wells Fargo Bank, N.A., Concord, CA; Synovus Bank, Columbus, GA; and Deutsche Bank, New York, NY for Visa and Mastercard transactions only