We’ve written in this space extensively about the online threats that can plague a high risk merchant, whether it’s an e-commerce business or a brick and mortar. All merchants should frankly assume that their sensitive data is consistently under attack, information such as: Customer credit card information which can be sold via rogue websites. Personal…
Tag: high risk merchant
Don’t Like the ‘High Risk Merchant’ Tag? Lower Your Risk Profile
We received a call from a high risk merchant recently who, after he was informed that his industry was considered high risk, posed a common question: ‘How do I get out of being classified as high risk?’ The short answer is, you don’t. Of course, we were more eloquent with our high risk merchant. We…
High Risk Merchant: What’s Behind the Label?
Merchants so often are consumed with the many details of their business, that they don’t realize they are considered high risk when applying for payment processing solutions. In fact, among the hundreds of calls and inquiries we receive each week about our merchant services, the majority of merchants are surprised to learn they are classified…
Why Banks Label Your Business High Risk
I frequently talk with merchants who don’t understand why their business is high risk, but to me, knowing is second nature. Working closely with Instabill’s banking partners has given me the ability of knowing exactly what acquiring banks look for when determining a business’s risk factor. Banks look at the different features of your business…