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Acquiring a high risk merchant account from one of these sources will facilitate easy processing of credit cards online for receiving payments due to the vendor rather quickly. In case a business is not considered as a high risk type it is rather easy to acquire a standard eCommerce merchant account, which can facilitate easy processing of credit cards and other such instruments.

Such an account can be obtained from a domestic merchant account provider such as a designated bank or a credit card processor or from any international/offshore agency engaged in similar activity. However, if a business has a high risk content, it is never possible to procure a standard eCommerce merchant account at all. A vendor operating a high risk business is never allowed to have his own high risk merchant account by bulk of the merchant account providers. Under such a condition the best course of action is to apply for a high risk merchant account from international or offshore sources.

Businesses Warranting High Risk Merchant Account

A high risk merchant account is invariably needed by a business that has a very high turnover with large volumes of sales and, tends to have enhanced risk of fraud. Even though there is a horde of such online businesses, which will warrant procurement of a high risk merchant account, the major ones are:

• Online casinos and other gaming/ gambling agencies including sports wagering.
• Adult services and products.
• Pharmaceutical products.
• Travel services.
• Telemarketing businesses.
• E-wallet and E-cash.
• ISP and hosting services.
• Online cigarette or tobacco vending.
• Online auctions and debt services.
• Online dating services.
• Online sale of replica products.

Some other products and services that are also considered as high risk online businesses and require high risk merchant accounts include:

• Lotteries.
• Amusement/recreation services.
• Automobile rental.
• Used automobile sales.
• Coin shops.
• Computer stores.
• Shopping clubs.
• Sale of telecommunications equipment.
• Cell phones and beepers.
• Gun dealers.
• Online custom jewelry sale.
• Water purifiers.
• Check cashing services.
• Collection agencies.
• Custom products.
• Detective services.
• Downloading of software.
• Escort services.
• Massage parlors.
• Hair restoration services.
• Weight loss centers.
• Home-operated business.
• Mortgage services.
• Pawn Shops.
• Horoscope/fortune telling services.
• Insurance Products.
• Meat provisions/freezer/lockers.
• Multi-level marketing.
• Educational seminars.
• Time share sales.