High-risk merchant accounts are for businesses operating in industries prone to chargebacks and fraud, which can be due to card-not present transactions, recurring billing models or because of the product or service offered being high-risk due to regulatory scrutiny, aggressive claims, or because the nature of the business. These merchants typically find it difficult to secure a reliable payment processor that truly understands their business. These merchants may also receive scrutiny and require additional restrictions such as age verification because of the product/service type, such as e-cig and vape products, which can cause the supporting processor or bank “reputational” risk and in most cases, this is why traditional banks and processors prohibit these high-risk merchant types.
Maverick understands these higher risk industries and works to simplify the process of obtaining the merchant account as well as having a hands-on approach for ongoing management. With out client-centered model coupled with superior customer support, we work had to build longstanding relationships with our merchants.
Maverick BankCard understands that different industries have different payment processing requirements and needs. We specialize in merchants who are considered high-risk such as:
- Electronic cigarette & vape
- Adult entertainment
- Direct response
- Document preparation
- Bail bonds
- Ticket brokers
- Collection agencies
Shopping Cart, CRM & Software Integration
With technology-driven payments, we integrate with thousands of different shopping carts, CRM systems, and different software programs. For our eCommerce merchants, the Maverick Gateway offers a virtual terminal, batch processing, fraud prevention, real-time reporting, and a suite of other added value services.
Risk Management & Mitigation
With in-house risk experts with years of experience, we know industry specifics such as trends, typical culprits of fraud and chargebacks, which allows us to not only get you processing, but ensure you are running as smoothly as possible. We simply work behind the scenes to ensure no issues occur! Our hands-on approach allows us to work closely with our merchants to keep processing as healthy as possible.
As a reputable, knowledgeable and very experienced merchant services provider, Maverick understands the complexities in the high-risk space, what is the reason for a business being deemed ‘high-risk’, the best practices with associations & agencies, the differences among different industries and importance to know each industry specifically, the typical cause for chargebacks, fraud and/or other factors impacting a merchant’s business along with the resolution needed to be long-term, sustainable and compliant.
Factors relating to the type of product or service, credit history, financial stability of the owner and/or business, business/billing model, and/or past processing history can all play roles in the underwriting process. Our team will understand the possible risk concern(s) and best way to resolve. Our client-centered approach means we are only successful when our clients are.
We understand that there are certain factors of being a high-risk merchant that make running a successful business difficult. Credit card processing shouldn’t be one of them.