Business

Experts Enlist the Benefits of Opening High Risk Merchant Account for Risky Businesses

Published

5 years ago

May 16, 2020

Financial experts have shared benefits that risky businesses can take by opening a high-risk merchant account. It is a payment processing account offered to risk-prone businesses by charging higher fees. According to experts, one of the advantages of opening this account is that it makes it possible for every business to expand its operations at a global level.

We recently interviewed Mark Sands, CEO and founder of High Risk Merchant Account LLC and he stated that lots of businesses are opening this account these days to expand their operations globally. Moreover, he also said that a high-risk merchant account gives high chargebacks protection to every risky business in today’s evolving business world.

By opening this account, it becomes possible for every business to access larger markets and accepts payments in multiple currencies from clients in outside countries with a low-risk. Another benefit of opening a high-risk merchant account is it gives freedom to every business to sell more products or services to its clients. This opens the new doors of growth opportunities for businesses.

And the expansion contributes to increasing the profit of businesses. Due to the evolving business world, a lot of new services for opening merchant accounts have come into existence. All this has made it possible for every risky business to expand its reach in an easy manner.

For a person with a normal account, crossing the chargeback threshold may lead to the closure of its account. However, in the case of a high-risk merchant account, a single chargeback doesn’t result in the closing of an account.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.