Water transport is a massive industry. We can help companies in this sectors to get Credit Card Processing for Marine Services (MCC 4468). These companies are the backbone of international water transportation. Most of these companies are engaged in the transportation of Cargo, Tankers, and Passengers. This industry is considered High Risk. There are 3 Main reasons for this industry to be categorized as a High Risk Industry.
The Average Ticket Size. Business in this sector perform B2B Transactions, The Ticket size is very high. A higher ticket size means a bigger risk. This high ticket size creates challenges in getting Credit Card Processing for Marine Services. High possibility of Products to be Stolen and Damaged within the transit. (Shipping companies take all good measures to protect the products but because there are many parties involved in the entire transportation chain the products can get damaged and the purchaser may ask for refunds). Small Banks might not like working with larger ticket businesses like Marine services and Marinas. Small players may prefer to work with low risk industries. They usually refrain from offering High Ticket Merchant Accounts.