What Does a High Risk Merchant Account Cost?

For every business that is categorized as high risk it costs too much to have a high risk merchant account. One of the many reasons is a small number of high risk merchant account providers around. 

Why there’s a Huge Difference in the Costs?

  

First of all there is a big variation in setup fees; it is negligible with regular merchant account providers and opposite to that, you’ll have to pay high risk account providers a huge amount when applying for a high risk account!

The costs are so high because:

• Various online businesses categorized as high-risk are entering the market

•  Merchant service providers are at a higher risk of fraud

  Every business is required to have a merchant account to survive and provide merchant service facilities. When there’s no hope, they prefer to go for high risk accounts only.

High risk account costs have always been high and there’s a hope of some money off as more and more offshore agencies and account providers are coming into the competition.