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Certain business types are considered by the Visa MasterCard Associations to be “High Risk” for credit card processing. The primary risk comes in the form of a chargeback. This potential chargeback liability is the main factor in determining whether or not a particular business type falls into the High Risk Merchant Account category.
Other factors that contribute to potential chargeback liability are susceptibility to fraud, risk of insolvency, ticket size, future delivery, recurring billing, installment payments, and previous processing history. Fenwaypays looks beyond a business type classification to work with each merchant on an individual basis to produce chargeback mitigation and reduce processing costs.
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