The consequence of this label is limitations, especially in terms of payment processors. Because the overwhelming majority of acquiring banks are risk averse, there aren’t many options for high-risk businesses to use, much less high-risk payment processors in particular. This typically means that in those cases where they are accepted, a high-risk business tends to pay very high interest rates. Business owners may ultimately decide to grin and bear it, assuming they don’t have much else in the way of options. Again that’s assuming they can find one; cannabis dispensaries are frequently cash-only businesses due to their inability to get payment processing. That’s what makes T1 Payments distinctively different. While we can’t promise that we accept all business entities no questions asked, we examine each application we receive individually so we can get a full picture of your situation. Since no two cases are identical, we apply our approval standards as needed. We assume a thoughtful approach to vetting and examine the big picture. This enables us to get a better read on your situation and have an answer regarding your approval faster than most other high-risk payment processors. We offer highly competitive rates to boot. These are a mere handful of the factors that make T1 Payments an A-plus choice for expanded benefits, onboarding and beyond.