Following these steps and being knowledgeable about the approval process will help you find a quality high risk merchant service provider and thus increasing your odds of success.

In a broad way, these are the three steps for getting approval for a high risk merchant accountDo your research- Running a business that is operating in what's considered a high risk industry requires more thoughtful planning to be successful and to keep your merchant account in operation.

Examples of high risk businesses include: eCommerce Anything adult-oriented Tobacco Gambling Financial services Legal services Travel and hospitality.

Finding a source for a merchant account and then keeping your account open is much easier once you know the common pitfalls to avoid Finding the Right processor - The next step is to focus on is to find the right processor.

The processing partner you choose will make all the difference when it comes to your business' success in payment processing.

It is drastically more impactful to find the right partner for high risk businesses compared to that of 'low risk" business because of how the approval process works.