If you’re considered “high risk” in terms of credit card processing, it’s not necessarily a reflection on you or your personal credit. Rather, some business-types are considered high risk no matter what, because of factors such as higher rates of chargebacks or likelihood of fraud.
While it’s true that your personal credit may play a role in getting processing if you’re newly opening a business, there are many factors beyond credit that determine if your business is “high-risk.” In any case, don’t take it personally; instead, read on to learn what you need to do to accept cards securely even if you operate in a high-risk industry.
