Breaking- The Department of Justice is dismantling it’s Operation Choke Point program which targeted some high risk merchant accounts and shut them down. This reversal will hopefully lead to more banks opening up to more high risk businesses. This program that started in 2013 essentially choked a businesses ability to get credit card processing i

Before we begin to gaze into the future, let’s define what high risk credit card processing is. There are certain merchants that require a for several reasons. It could be that there is a reputational risk involved with their products or services. Or the business is in an industry with a history of chargeback problems.

In 2013, the Department of Justice instituted Operation Choke Point, aimed to crack down on fraud and money laundering by investigating banks and the business they do with companies that have a high risk of fraud and money laundering. However, it had unintended consequences that ended up shutting down many legitimate businesses in the process.

Have you been denied or declined for a standard merchant account? Maybe you are in an industry that processors classify as high risk, such as tech support or online neutraceutical sales. If so, you most likely need to apply for a high risk merchant account. There is no reason to be distressed by this, there are many