When you’re in the business of high risk, the last thing you want to do is spend unnecessary time researching your merchant account provider. This is especially true if you’re a new company and don’t yet have a solid customer base.
A B2B high-risk account is one that has a greater chance of chargebacks or fraud. This type of business accepts payments from other companies as opposed to individuals.
Here’s everything you should know:
B2B versus B2C Merchant Accounts
The main differences between B2B and B2C merchant accounts are:
B2B merchants have higher chargeback rates than B2C merchants because they’re dealing with larger transactions and more frequent disputes over products and services they’ve sold to other businesses.
High-risk merchants may also have more fraudster customers who try to steal their payment processing accounts by filing false chargebacks against them.
The fees associated with accepting payments are … Read more