High Risk Payment Solutions
High processing fees, strict rules, and the constant threat of account termination are all major challenges for businesses. Let Crossfire Payments help you overcome these obstacles and find the payment processing solution that’s right for you.
Specialized High-Risk Processing
High-risk industries face higher risks of fraud, chargebacks, legal complications, and other challenges that can impact credit card processing. As a result, businesses in these sectors may need to work with specialized high-risk payment processor like us to make sure you are set up correctly and to ensure you aren’t overpaying for your processing.
Does your business fall into one of the below categories? If so, we can help you.
Adult Entertainment
Due to frequent chargebacks and potential legal and regulatory issues, adult entertainment businesses are considered high-risk in
the payment processing industry.
E-cigarettes and Vaping Products
The vaping industry is subject to evolving regulations and has a high rate of chargebacks, making it a high-risk sector for credit card processing.
Nutraceuticals, Dietary Supplements and Peptides
Many supplement companies face issues with false advertising, unproven claims, or customer dissatisfaction, leading to chargebacks and regulatory scrutiny.
Pharmaceuticals and Online Pharmacies
Selling prescription medications or over-the-counter drugs, particularly online, comes with significant regulatory and fraud risks, making it a high-risk vertical.
Precious Metals and Jewelry
Businesses dealing with high-value items like gold, diamonds, and other precious metals may face issues with fraud, chargebacks, or customer disputes, making this a high-risk vertical.
Subscription Services (e.g., dating sites, subscription boxes)
Subscription-based businesses often experience high chargeback rates due to customers disputing recurring charges, especially in cases of forgotten or unauthorized subscriptions.
Online Gambling and Gaming
Many online gambling platforms are subject to legal restrictions in various regions, which increases the risk for processors due to potential chargebacks, fraud, and regulatory challenges.
Travel and Hospitality (especially timeshares)
Travel and hospitality industries, particularly timeshare businesses, are considered high-risk due to frequent cancellations, disputes, and chargebacks.
Debt Collection and Credit Repair
Debt collection agencies and credit repair services often deal with dissatisfied customers, resulting in a high number of chargebacks and potential legal challenges.
Multi-level Marketing (MLM) / Network Marketing
The MLM business model is often associated with fraudulent schemes, high customer complaints, and chargebacks, which makes it high-risk for credit card processors.
Charitable Donations
Nonprofits accepting donations online can face chargebacks, especially if donors claim the charges were unauthorized. Additionally, there may be potential fraud risks.
Psilocybin and Kratom
Credit card processing for businesses selling Kratom and psilocybin mushrooms is considered high-risk due to legal uncertainties and regulatory challenges surrounding these products.
While Kratom is legal in some areas, it faces increasing scrutiny from authorities, and psilocybin mushrooms remain illegal federally in many regions. These legal complexities, combined with higher chargeback rates and potential fraud, make it difficult for businesses in these industries to find reliable payment processors.
As a result, merchants often face higher processing fees, stricter requirements, and a greater risk of account terminations. Specialized payment processors are typically needed to navigate the complexities of these high-risk sectors.
Do you feel like you could benefit from Crossfire Ecommerce Credit Card Processing? Contact us today to get started.