Since I’m considering setting up what is considered to be a high risk business on line, I’m researching my options for payment processors. Many US merchant account providers for credit card processing won’t work with high risk businesses such as entertainment and some travel businesses.

So, this leads me to look at offshore merchant accounts which often will work with high risk businesses without any hassles. However, the problem I’m finding is being able to determine which provider is legitimate. I’ve read about account providers who hold your money, don’t pay out or close business without sending the funds that are due.

Many of the high risk off shore merchant accounts are probably very reliable and professional, but I’d rather  not lose any money to a crooked account processor if I don’t have to. It is one thing to lose money to customers who aren’t honest, but not to be able to trust your business partners is a really worrisome thing.