While in the process of establishing your business, if you do decide to accept payments online, you will often be left with the dilemma of the merchant account.

Depending upon the business type or the clientele you may cater to, the type of merchant account has to be decided. It is important you do thorough research so as to ensure you choose the right option for the kind of business you want to take forward.
The requirement of a high risk merchant account is predicted on a number of factors. Of these, the following are the most important to be considered:
What Is Your Business Type – Certain types of businesses have been by definition declared as high risk merchant accounts. These businesses are usually the kind that are either in proximity to negative social reviews, or basically serve a sector that is altogether grey in the understanding (home based, adult etc).
The Chargeback Scenario – if your business is likely to be hit with a high number of chargebacks, a high risk merchant account is just the thing for you.
The Local Scenario – If local providers are hesitant in doing business with you, it is the right time to look for a high risk merchant account provider, because clearly, a normal account is out of your reach.
Currencies and Market – If multiple currencies is what you want to trade in, and are looking to therefore explore the international market, a high risk merchant account it just the thing.