Credit Card Processing

Kratom Merchant Accounts: What You Need to Know

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? What is…

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Kratom is different than marijuana and CBD, but sellers often run into the same problems as marijuana dispensaries when it comes to obtaining a merchant account.

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Credit Card Processing

What is a Good Rate for High Risk Processing?

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 What High Risk Processors…

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At the best of times, it can be difficult to give an accurate answer regarding a good “rate” for credit card processing, because costs are highly business-specific. This is even more true of “high risk” businesses – those in industries like adult entertainment, gambling, vape shops, travel, and tech support.

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Credit Card Processing, Specialty Businesses

Challenges for CBD Merchant Accounts

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 the right merchant account for CBD sales. How is CBD different than marijuana? Is CBD legal? CBD vs. Marijuana According to the DEA Problems for CBD Sellers What are…

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If you sell CBD oils, waters, creams, or edibles, you know that it’s not the same as selling marijuana or marijuana edibles. But that doesn’t mean you won’t run into difficulties finding a credit card processor.

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Credit Card Processing, Specialty Businesses

Credit Card Processing for Bail Bonds

That 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 find the right solution if you need credit card processing for bail…

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Businesses that offer bail bonds are considered a “high-risk” industry when it comes to credit card processing.

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Credit Card Processing, Medical and Dental

Credit Card Processing for Pharmaceuticals

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 business. Why are…

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Pharmaceuticals, nutraceuticals, and the more nebulous “pseudo-pharmaceuticals” are all considered high-risk sales in credit card processing.

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Credit Card Processing

Credit Card Processing for Travel Agencies

One reason for that is the higher-than-average chargeback rates. 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 travel company. Why is travel a high-risk industry? Travel Agent…

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When most people think of “high risk” credit card processing, they think of gambling, firearms, tobacco, and similar industries. But travel agencies also typically fall under “high risk.”

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Credit Card Processing

Credit Card Processing for Gambling and Fantasy Sports

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…

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Gambling of any form has a murky history in the United States. Legal in some locations and not in others, it creates a challenge for credit card processors.

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Credit Card Processing

Credit Card Processing for Tech Support Businesses

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 Why is tech support considered high risk? Mitigating Risk for Card-Not-Present Transactions Merchant Accounts for Tech Support Businesses Finding a…

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Some people are surprised that tech support businesses are considered high risk. But when you factor in the ease of scamming consumers, high chargebacks, and over-the-phone or internet transactions, it makes more sense.

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