However, it’s still possible to get a general idea of average costs for various industries and business types. At CardFellow, we work with processors that serve high risk businesses and have pulled together some rough numbers to give you an idea of whether you’re overpaying. Rates for High Risk Merchant Accounts Keeping in mind that the actual ra...

Some credit card processors simply lump kratom with marijuana and refuse to provide merchant accounts for either substance. Others are willing to provide merchant accounts for kratom, but you can expect to go through a lengthier approval process and pay fees that reflect kratom’s high risk processing status. What is “high risk” processing? High...

CBD products that make “unsubstantiated” health claims, in particular, may have fewer options when it comes to credit card processing. Let’s take a look at finding a CBD merchant account for your business. How is CBD Different than Marijuana? Cannabidiol, or CBD, doesn’t get the user high. That’s an important distinction for many of its propo...

"High risk" in this case isn't a reflection on your specific business. It's just a reality of your industry. It also doesn’t mean that you can’t get a good solution for your business, it just means you’ll need to be aware of restrictions on high risk, as well as what to look for when evaluating processors. In this article, we’ll cover how to fin...

If you’re running a business that sells a medication, product, or supplement that makes a health claim or treats an illness, you’re in ‘pharmaceuticals.’ In this explanation of high risk merchant accounts for pharmaceuticals, we’ll explain the various categories involved and help you determine the right credit card processing solution for your busi...

One reason for that is the higher-than-average chargeback rates that can come from bookings for a future trip that a client later wants to cancel. Not to worry. Even as a high risk business, it’s still possible to secure a merchant account to accept credit cards. Here’s what you need to know as an agency, tour operator, cruise business, or other tr...

The rise of fantasy sports adds another layer of complexity, as lawmakers and fantasy sports businesses argue over whether the activity is truly “gambling.” However, if you run a casino, online gambling site, or fantasy sports site, be aware that you’ll be considered “high risk” when it comes to credit card processing. High Risk Merchant Account...

Fortunately, legitimate tech support businesses can still secure merchant accounts to accept credit cards. You’ll just need to work with a “high risk” credit card processor that permits tech support businesses. Types of Tech Support For the purposes of credit card processing, tech support generally refers to any business that offers assistanc...

If you’re looking for credit card processing for an e-cigarette business or tobacco shop, it’s important to know your options. In this article, we’ll go over the difference between high risk and low risk smoke shops and how to find a processor no matter what kind of business you run. Vape Shops / E-cigarettes While vaping is legal in the United...

It’s true that you’ll want to look for a high risk credit card processor that specifically supports your industry. But the good news is that there are many processing companies willing to serve adult-oriented businesses. Before we get to the specifics of adult entertainment merchant accounts, let’s start with a quick overview of credit card process...