Banks reject certain businesses if they deem them too risky or prone to chargebacks and fraud. Increased risk means you will not receive a merchant account for your business. METEOR will find an acceptance partner who is familiar with your industry's business risks and can arrange optimal terms.
• Online Games
• App Stores
• Online courses
• Sports betting
• Gambling
• Adult Entertainment
• Nutraceuticals
• CBD Products
• Ticketing
We work with financial service providers in the EU, US and UK who are familiar with the higher business risks of many industries and who can set up a merchant account for you within a short time.
For any type
of e-commerce
Many online stores rely on METEOR to accept payments in high-risk industries, send payments and manage their business operations online. We help you take advantage of all the payment options.
Familiar means of payment despite higher risk
A merchant account with a higher risk rating allows you to accept payments with credit and debit cards, just like you are used to in e-commerce. This service is associated with higher processing fees.
Secure and
legally compliant
To get you up and running in a short time, METEOR helps you meet both the legal and card scheme requirements of credit card companies using globally proven risk management tools.
»We are a payment service provider for companies with higher payment risks.«
Acceptance banks use several criteria to determine whether your company or business area is high risk. We have summarized the most important reasons for you.
Legal challenges
The most common cause of a higher risk rating are regulatory and legal challenges. Some industries are even considered taboo in some countries, forcing acceptor banks to reject these lines of business.
Reputational risk
Banks live to a large extent from their good reputation. Therefore, financial institutions avoid working with industries that pose a reputational risk, such as adult entertainment, online gambling, sports betting or CBD items.
Fraud and chargeback rate
Chargebacks can occur for a variety of reasons, such as customers forgetting that they have signed up for an online service or being billed without their consent.
Disputes
Settling disputes costs acceptance banks a lot of time and money, which translates into reduced earnings. For this reason, merchant accounts are primarily awarded to companies that cause little effort in payment processing.
Age Restrictions
The sale of cigarettes, tobacco products or CBD items is usually considered risky, because they are subject to age restrictions.
High Transaction Value
Financial institutions are less likely to offer merchant accounts to businesses that routinely accept high value transactions, such as luxury items.
Recurring payments
Online subscriptions are a business model that financial institutions avoid because of the increased risk of chargebacks, identity theft and account takeovers.
Digital goods
Products such as software, music, books, or online courses can indicate a business with unusual or erratic revenue. Payment processors view this as a sign of financial uncertainty.
Advantages at a glance
Rely on one partner to take care of everything while you focus on your business. We have the latest cashless payment processing technologies, tailored to your sales channels.
Discover the services of METEOR in a personal conversation. We will be happy to advise you and design an individual offer for you that is precisely tailored to your business project.
Timm Schneider
Meteor payment systems
Tel. +43 1 513 88 00
E-mail: hello@meteorpayment.com
