Merchant accounts act as a lifeline for businesses running on higher risks. Particularly businesses dealing in travel & cruise, e-commerce, forex, casino, and business process outsourcing telemarketing require them to allow their customers to make hassle free online payments. There always lies a chance of fraud payment with them.

But not all high risk businesses are fortunate to have access to merchant accounts. Here are 5 reasons why businesses are denied merchant accounts. Continue reading →