High Risk Processor Discussion
If you want high risk processors, you will need the following
- Cloaked stripe and paypal isnt high risk. You can still get banned
- Each high risk processor has a monthly cap, you will need multiple
- You will need to be a US citizen
- If you're outside US, you need an ITIN but need proper business processing or get a US signer
- You will need an LLC
- Not all high risk processor has fees above 5% (good ones are below 5%)
- Not all high risk processor has the same acceptance rate for transactions (Atleastget 80%+, stripe has the highest AR in the industry)
- Not all high risk processor has a rolling reserve
If you want high risk processors, you will need the following
- Government-issued identification
- Business registration documents
- Bank statements
- Processing history (if available)
- Website URL
- Product or service information
- And other agreements between you and other services