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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. High-risk industries, such as gaming or adult entertainment, undergo more stringent scrutiny due to their higher likelihood of fraud or chargebacks.

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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

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These fees also vary depending on the card network. Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates credit card transactions. This makes it a popular choice for small businesses looking to set up credit card payments.