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Maximising merchant accounts in highrisk industries Highrisk merchant services and MCC codes explained1About Total Processing Founded in 2015, Total Processing answered the call for peoplefocused,
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Research high-risk merchant account providers to find one that meets your specific needs.
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High-risk merchant accounts are merchant accounts that banks or financial institutions consider to be at a higher risk of fraud or chargebacks.
Any business that is classified as high-risk by banks or financial institutions may be required to file high-risk merchant accounts.
High-risk merchant accounts can be filled out by providing detailed information about the business, its products/services, processing volume, chargeback rates, and other relevant information.
The purpose of high-risk merchant accounts is to help banks and financial institutions assess the level of risk associated with processing payments for certain businesses.
Information such as business details, processing volume, chargeback rates, type of products/services offered, and any other relevant information must be reported on high-risk merchant accounts.
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