Larger, high-volume businesses receive lower processing rates and often get more generous contract terms.
If you’re an e Commerce entrepreneur, credit/debit cards are just about your option for getting paid.
Although very small businesses can get by with a payment service provider (PSP) such as Pay Pal or Square, once your business reaches a certain size, you’re going to want to upgrade to a full-service merchant account.
Beyond that, it gets complicated as every processor has their own unique guidelines for determining whether you’re in the high-risk category.
While some business types, such as pornography or drug paraphernalia will almost always be placed in the high-risk group, others may or may not be, depending on your processor.