What are the industries that require high risk merchant accounts in the UK?

Merchant Services Q&AWhat are the industries that require high risk merchant accounts in the UK?
Bankim Chandra Staff asked 2 months ago
1 Answers
Bankim Chandra Staff answered 2 months ago

Sectors that attract high chargeback ratio are always considered extremely risk-oriented, Few examples can be Credit repair, Technical support and Online pharmacy. Apart from these Industries couple of additional business models are difficult to place. Some of these are listed below.

  • Online dating
  • Visa and Immigration Consultants
  • Crowdfunding platforms
  • Online Marketplaces
  • Online magazine subscriptions
  • Multi level marketing
  • Tarot card readers
  • CBD Merchant
  • Hemp Products
  • Nutraceuticals
  • Payday loans
  • Insurance Agencies

The industries mentioned above are always considered high risk. The later section of this article will give more information about how you can get a high risk merchant account in the UK.