High Risk Businesses
Industries identified as high risk and their payment processing considerations
Industries identified as high risk typically face increased challenges related to chargebacks, fraud, or regulatory scrutiny. Businesses in these sectors often encounter difficulties in obtaining payment processing services due to their elevated risk profiles.
Business Sectors Prone to Be High Risk
- Adult entertainment
- Gambling and online casinos
- Cryptocurrency exchanges
- Travel services
- Firearms and ammunition sales
- Multi-level marketing (MLM)
- Credit repair services
- Tech support services
- E-commerce with high ticket items
- Subscription-based services with free trials
- Forex trading
- Online auctions
- Crowdfunding platforms
Businesses in high-risk sectors may require additional verification and compliance measures. Contact Chapa support for more information about processing payments for high-risk businesses.
Why These Businesses Are Considered High Risk
High-risk businesses are typically identified based on several factors:
- High chargeback rates: Industries with frequent customer disputes
- Regulatory scrutiny: Sectors subject to strict regulations
- Fraud potential: Industries vulnerable to fraudulent transactions
- Reputation risk: Businesses that may impact payment processor reputation
- Financial risk: High-value transactions or subscription models
What This Means for Your Business
If your business falls into one of these categories:
- Additional Documentation: You may be required to provide additional business documentation
- Enhanced Verification: More thorough identity and business verification processes
- Compliance Requirements: Adherence to specific industry regulations
- Monitoring: Increased transaction monitoring and reporting
- Support: Dedicated support to help navigate payment processing requirements
Getting Started
If you operate a high-risk business and want to use Chapa's payment services:
- Contact Chapa support to discuss your specific business needs
- Provide detailed information about your business operations
- Complete any required compliance documentation
- Work with Chapa to set up appropriate payment processing solutions
Next Steps
- Security Guide - Learn about Chapa's security practices
- Error Codes - Handle errors gracefully