High Risk Merchant Account for MagazinesMany magazine companies fall under the “high risk merchant” category since the method of payment collection is via a subscription service. Magazine subscriptions are deemed risky due to the high chargeback ratio in the industry. A chargeback occurs when a customer disputes a charge (ie. for a service or product not rendered, or a false charge) to the card issuer in efforts to get their money back. Further, orders are typically placed over the phone, through mail or online. These are just a few factors that contribute to the higher risk nature of magazine subscription merchants.
Whether you take orders over the phone, through mail or online, a high risk merchant provider can help. Call for more info: 1-800-930-4476.