Although it is possible to receive an immediate approval for a high risk merchant account, take note that this can take longer to receive the final approval than for a low-risk merchant account. An average approval of a credit card can be one to two days, while high-risk accounts can take up to three and a half weeks.
In the case of high-risk businesses, it's crucial to select a company that is aware of these specific demands. European Merchant Services has extensive bank connections and is aware of the particular requirements of high-risk enterprises. This means the high risk merchant account will be supported by a top quality merchant service company.
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