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PracticeQ Payments: High-Risk Applications
PracticeQ Payments considers some businesses as "high-risk." If your business has been identified as high-risk, here is what you need to know.
- PracticeQ Payments is willing to process payments for high-risk businesses when other processors may not.
- PracticeQ Payments will ask high-risk businesses to submit additional verification during the application process because they are often more susceptible to fraud and chargebacks.
- All high-risk businesses that submit PracticeQ Payments applications will have their applications pended while the processing team requests additional verification.
What services may be considered high-risk?
This list is not exclusive.
- Medical Marijuana Consulting/Evaluation
- Hormone Replacement Therapy
- Ketamine Treatment
- Weight Loss
- IV Hydration
- Telehealth
- Card not present Pharmacies
What additional verification may be needed for high-risk businesses?
- Business License
- Medical License of physician
- List of medications/ingredients
- Business location type (mobile, clinic)
- Pharmacy license (if compound medications prescribed)
- Past bank statements