Is High Risk Merchant Account Authorize Net the right choice for the business?

Trinity Consultings
Jul 7
2 min read

Understanding High Risk Merchant Account

A High Risk Merchant Account is an obvious need for any business operating within a high risk market, and/or a marketplace that experiences significant chargebacks and prospective fraud transactions. High risk businesses in the high risk payment industry must manage a list of complications faced by non high risk businesses, such as travel, entertainment services, and gambling, without the support of secure social and regulatory networks. Therefore, the right provider will not only help with regulatory compliance, but assist in bridging that systemic divide that puts highrisk businesses at risk to begin with. Simply put, choosing a highrisk merchant payment processor is key to establishing and maintaining the continuity of your business.

Who is Authorize Net?

Authorize Net is a payment gateway and trusted facilitator of payment transactions. It also has incredible tools specifically designed for high risk payment processors. Authorize Net dashboards and fraud detection suite have additional capabilities of membership management, APIs for website integrations, fraud settings, and recurring billing options. If you are looking to be secure in a high risk business, Authorize Net provides you with superb operational capacity; it even supports payment types and currencies all over the world while complying with high risk payments.

Maintaining Business Suitability and Other Considerations

While Authorize Net is a great benefit for many high-risk merchant services, it is still a requirement that you confirm it is within compliance with your acquiring bank and industry-related responsibilities. You will also want to take into consideration their service fees, how they may integrate with your services, and support services. You may want to consider hiring a reputable consulting firm, such as Trinity Consultings, to assist you with the setup and determine if Authorize Net would connect to your existing business model and future growth.