If you're a business owner in need of payment processing, you're probably aware that some banks and payment processors avoid high-risk industries. Which industries, however, are considered high-risk?

Industries with a high number of charge-backs, a poor credit history, a high-ticket volume, and a high amount of fraud are frequently considered high risk. Payment processing with traditional financial institutions can be difficult, if not impossible, for high-risk businesses.

If you're already in a high-risk industry, there's not much you can do to keep your company from being labeled. If your company is medium-risk or low-risk, one of the best ways to avoid being labeled as high-risk is to keep your chargeback ratios as low as possible. High chargeback ratios are a major red flag for payment processors.

PayCly specializes in high-risk payment processors, allowing us to provide payment processing services to your high-risk business.