High-Risk vs. Low-Risk Merchant Accounts

High-Risk vs. Low-Risk Merchant Accounts Merchant accounts enable businesses to accept electronic payments, like credit cards. These accounts are classified as high-risk or low-risk, depending on factors like industry type, fraud potential, and transaction volume. This classification impacts fees, approval processes, and account terms. Key Differences: Low-Risk Accounts: Lower fees (1.5%-3%), minimal restrictions, and faster […]