Atlas Solicits Transaction Business From High-Risk Merchants

Atlas Payment Processing has been solidifying direct bank relationships over the last decade, both domestically and offshore, carving a niche in high-risk transactions.

Now, Atlas is suggesting acquirers send such business their way instead of turning it down, the company said in a press release.

The company specializes in boarding merchants that deal in a medicinal leaf called kratom, as well as pharmaceuticals, nutraceuticals, adult products, multilevel marketing, business opportunities, electric cigarettes, debt service, horoscope and fortune-telling, firearms, online auctions, online dating, software downloads, telecommunications, time share advertising and travel services.

It recently launched wireless PIN-based approach to the medical marijuana industry through a subsidiary. The service requires no activation, cancellation or processing fees, only a small surcharge paid by patients, the release said.