High-Risk Business Payment Processing?

Discussion in 'Payment Processing' started by m1ndless, Jun 25, 2009.

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  1. #1
    I was told that selling hookahs and shisha online is considered high risk?

    Would that make it harder to get approved for a merchant account? Any suggestions for a more open merchant?
     
    m1ndless, Jun 25, 2009 IP
  2. jhbalaji

    jhbalaji Well-Known Member

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    #2
    Yeah mate...
    Too Risky....
     
    jhbalaji, Jun 26, 2009 IP
  3. m1ndless

    m1ndless Peon

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    #3
    How is it too risky?
     
    m1ndless, Jun 26, 2009 IP
  4. jalami

    jalami Peon

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    #4
    Many of the regular payment processors (such as 2Checkout and PayPal) and their acquiring banks have merchant policies that eliminate all high-risk items such as tobacco and related products.

    You'll need to go to a third party processor or get a direct merchant account with an acquiring bank that specializes in risk management for merchants considered "high risk" in the processing industry.
     
    jalami, Jun 29, 2009 IP
  5. koda10

    koda10 Active Member

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    #5
    CCBill...Epoch...
     
    koda10, Jul 4, 2009 IP
  6. Red_Virus

    Red_Virus Well-Known Member

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    #6
    I don't think that you will have any problems with 2CO for sure.
     
    Red_Virus, Jul 4, 2009 IP
  7. thewarlock

    thewarlock Peon

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    #7
    I'd recommend getting in touch with the customer care and getting a pre-approval though.
     
    thewarlock, Jul 5, 2009 IP
  8. Alifk

    Alifk Active Member

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    #8
    well if your volume is decent enough why not go for an actual merchant account? I dont know why everyone on this forum likes 2co so much the rates are too high for anyone selling decent volume
     
    Alifk, Jul 5, 2009 IP