Seeking a high risk merchant account provider?
More shady than the accounts they service
High risk merchant account providers are often more shady and amoral than the people to whom they offer services. Merchant accounts for high risk enterprises include everything from adult and gambling payment collection to various schemes that would be considered fraudulent in other countries, but the real risk with these merchant accounts is going to come in the ways of fees collected on every transaction, which can be in the double digits. In lots of cases the only person making a profit on the transaction is the merchant account provider and interchange, and the people who you deal with are often the biggest sharks in the industry. The author know this through personal experience. High risk merchant services people not only take a chunk out of their customers, they also do their best to screw other corporate services people who deal with them, and they will be the first to stop payment or charge back on legitimate services rendered to them in a timely manner, leaving you holding the bag. You should only collect credit card payments through these processors if you absolutely have to, since your profit margin can get a lot thinner with high fees, and collecting your dollars out of your own account can often be an interesting process in itself, since quite a few of these people operate offshore.
Notes and Special Information
Special note: Ask yourself if you could find any other way to accept money.