Did you know that some businesses are considered “high risk” by payment processors, making them more likely to face sudden account shutdowns and frozen funds? In this episode of The Payment Guy, Frank shares why certain industries are labeled high-risk, the pitfalls of popular payment processors like Stripe and PayPal, and the steps you can take to secure a reliable payment solution for your business. If you’ve ever worried about losing access to your funds overnight, this episode is a must-listen!
In this episode, these questions and topics will be covered:
- 00:50 – What makes a business “high-risk” and why banks and payment processors flag certain industries.
- 06:49 – How to find a payment processor that understands and supports your business and why working with a payment consultant can help save you time and money.
- 08:11 – Common mistakes merchants make that lead to payment processing issues and what you need to know about working with high-risk processors.
- 16:38 – Proactive steps to ensure uninterrupted payment processing and financial stability.
Running a high-risk business doesn’t mean you have to struggle with payment processing issues. With the right knowledge and partners, you can build a strong foundation for your business and keep your revenue flowing smoothly. If this episode gave you valuable insights, please leave a rating and review and consider sharing it with a fellow business owner who could benefit.
Connect with PayDiverse:
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Website: http://www.paydiverse.com
LinkedIn: https://www.linkedin.com/in/franksena