In the world of high risk merchant services people can do some crazy things. Gamblers, adult sites, etc. are all bad and no one should accept their payments. This is the world of offshore bank accounts, scam artists and just plain bad people. If you are in need of high risk merchant services we recommend that you work with a provider that does not accept adult sites, gambling and other bad activities. The fact of turning down money made through bad activities will speak to the integrity of the company that you are choosing to handle some of the most sensitive parts of your business – the cash that funds your business, your employee’s pay, and your entire operations.
If want a lesson of a bad merchant services provider for high risk transactions, read this story from Bloomberg about Chad Elie whose company provided merchant service to gambling websites, and now is serving time in prison. Article: Online Poker Payment Processor Gets 5 Months in Prison.
