In the ever-evolving world of e-commerce, high-risk businesses face a unique set of hurdles. From limited access to capital to regulatory complexities, securing a reliable payment processor can feel like navigating a maze. A “high-risk business” is essentially a designation applied by payment processors and is usually based on your industry or your specific financial situation. Struggling to navigate the murky waters of payment processing for your high-risk business? At Riverside Payments, we’re a leader in processing solutions for SMBs nationwide, and we've been there! We understand the unique challenges businesses like yours face, and that's why we're here to help you navigate the complexities.
Limited Access to Capital: Traditional banks often view high-risk businesses with greater scrutiny, making it difficult to secure loans or merchant accounts. This can hinder your initial investment and your ongoing operational needs.
Regulatory Hurdles: High-risk industries are subject to stricter regulations and compliance requirements. Keeping up with these ever-changing regulations can be a significant burden for SMBs.
Financial Exclusion: Due to risk concerns, some payment processors simply refuse to work with high-risk businesses. This can leave business owners scrambling to find a provider that understands their industry and needs.
Lack of Tailored Financial Services: Generic payment processing solutions may not address the specific needs of high-risk businesses, such as higher transaction fees, mandatory long-term contracts or increased chargeback rates.
The Riverside Payments Advantage: Upfront Work for Long-Term Success
At Riverside Payments, we understand the challenges faced by high-risk businesses, including a higher likelihood of account shutdown post underwriting. That's why we take a different approach. Our process involves gathering all necessary documents upfront, providing a more complete picture of your business before beginning the underwriting process. While this may extend the initial sign-up process slightly, it significantly lowers the risk of your account being closed later due to unforeseen risk factors.
We Advocate for You, Not Just Your Approval
We don't just process payments; we advocate for our merchants! This includes securing the lowest possible rates for our clients, regardless of their risk category. Many other processors exploit high-risk businesses with inflated fees and rates, but that's not our style. Our goal is to provide the best service at the most competitive rates to help you and your business succeed.
Tailor-Made Solutions for Your Success
We don't believe in a "one-size-fits-all" approach. We take the time to understand your business and develop a customized payment processing solution that meets your specific needs. Whether you're a startup in the CBD industry or a well-established travel agency, we have the expertise and resources to help you thrive.
Ready to Break Free from the Maze?
Don't let the challenges of payment processing hold your high-risk business back. Contact Riverside Payments today and let our experts guide you through the process. We'll help you secure a reliable payment processing solution so you can focus on running your business and achieving your goals.
Visit our website to learn more about our high-risk payment processing solutions.
