What is it that puts your business in the higher risk category and results in your needing the high risk account? There are different determining factors. One of them may be the business that you are in. Travel agencies such as cruise lines are considered risky. In addition there are auto rentals and telemarketing. Businesses such as these operate at a high credit rate and turnover making the risk for fraud more likely. The majority of merchant account providers are not willing to take on this risk. Add to that the fact that your credit rating may be than stellar are all reasons under which you have to secure the high risk merchant account. Some banks, if you are an existing merchant, may offer you a high risk merchant account. The charges will most likely be extreme in regard to what you are presently paying. The bank will need to protect itself against any probable financial loss.

Being involved in a higher risk business does not mean that you will be unable to open an account but it will necessitate the need for a higher risk merchant North American Bancard Agent account. These types of accounts may be more difficult to set up. The providers will take a number of factors into consideration. They will look at the amount of time you have been in business and delve into your credit history. Any previous merchant accounts you may have had will also be factored in. Your knowledge of how your business operates and how well you can recognize possible threats in regard to the reduction or prevention of fraud, are also determining factors.