Why Every High-Risk Business Needs a Specialized Payment Processor in 2024 As digital commerce grows, so do the number of businesses operating in regulated or misunderstood industries. From CBD sellers to online coaching platforms, nutraceuticals, kratom vendors, and vape retailers—these businesses often fall into what banks and processors label as “high risk.” While the products may be legal, the perceived volatility, chargeback risk, or evolving regulations can make payment processing an uphill battle. If you're operating in one of these sectors, applying for a standard merchant account with providers like Stripe or PayPal might seem convenient—until your account gets frozen or terminated without warning. This is why getting approved for a high risk merchant account is not just smart—it's essential for sustainability and growth. What Is a High-Risk Merchant Account? A high risk merchant account is a type of payment processing account specifically designed to support busine...