How to Mitigate High Risk Liability Exposure for Your Small Business
As a high risk business, you face unique challenges when it comes to managing your liability exposure. From higher insurance premiums to greater scrutiny from regulators, managing your risk is crucial to the success of your business. An experienced high risk processing attorney can help you navigate the challenges of the high risk business environment and develop strategies to mitigate your liability exposure. What is a high-risk merchant account? A high-risk merchant account is a type of merchant account that is classified as high risk by the credit card associations (Visa, Mastercard, Discover, American Express) or by the merchant processor. High-risk businesses are typically those that have a high rate of chargebacks, fraud, or other risks that make them more likely to default on their credit card obligations. Why are high-risk businesses high risk? High-risk businesses are high risk because they pose a greater risk of default to the merchant processor. This means that the merchan