To create a high-risk merchant account you will need to work with a processor that not only has experience in the industry, but also a processor that has experience working with high-risk accounts. Depending on processor, other documentation that you may need to provide is business licenses, financial statements, processing history and merchant account references. You should compare fees, terms, and chargeback protection policies in order to be able to think though and compare processors so you can make the best decision for your business. Once you have established your high-risk merchant account, you can try to lower chargebacks, and implement fraud prevention tools and PCI compliance to better manage the account health.