Florida's economy runs on categories the payment industry treats as high-risk: travel and timeshare, cruise and hospitality, nutraceuticals, and adult entertainment. Add a heavy tourist-driven, card-not-present transaction mix — which raises chargeback exposure — and you have a state where high-risk specialists do a lot of business.
Florida's high-risk demand centers on travel and timeshare (Orlando and the cruise ports), nutraceutical and supplement brands, and adult and nightlife businesses in Miami and Fort Lauderdale. Travel and timeshare in particular combine high average tickets with delayed delivery — a chargeback profile banks scrutinize hard, and a core reason merchants seek specialist accounts.
These notes are for general awareness. Laws change — verify current rules with legal counsel before making compliance decisions.
Karma Card Payments serves high-risk businesses throughout Florida — from the Space Coast to the Florida Keys. If your business is based anywhere in the state, we can place you.
We work with multiple banking partners and place your Florida business with the processor most likely to approve and fairly price your account. One application — we do the shopping.