Credit Card Chargeback
High-Risk Merchant Account Instant Approval – Myth or Reality?
When choosing a payment processing provider, do not be swayed by claims that they can instantly approve your high-risk merchant account. Simply put, a high-risk merchant account instant approval does not exist — at least not in the true sense of that word. This doesn’t mean that a high-risk business can’t get a fast approval
High-Risk Merchant Processing Accounts for Businesses
All business ventures come with an amount of risk; but some businesses pose a bigger risk than others. SecureGlobalPay high-risk merchant processing specializes in the approvals of high-risk category merchant types with high chargeback ratios. Businesses that pose a higher risk than others are usually businesses associated with a high percentage rate of chargebacks and
High-Risk Payment Processors – Factors to Consider
High-risk payment processors are those top-shelf acquirers that process payments for merchants that have a higher risk of chargebacks, fraud, and other potential problems. High-risk merchant payment processing is a specialized niche and working with seasoned professionals is always a merchant’s best chance of approval. High-risk payment processors primarily focus on high-risk high volume merchant
Chargeback Process Explained | What It Means to Merchants
The term “chargeback” is best described as a process where a cardholder disagrees with a specific charge on a debit or credit card and asks for payment to be reverted back to the card. During the chargeback process, the cardholder must provide compelling evidence of fraud or that a faulty product or service was received.
Travel Merchant Account Store | Chargeback & Fraud Management
Americans who use their credit cards for purchases are protected against the incorrect and unfair credit billing under the Fair Credit Billing Act (FCBA). Owning a travel merchant account store or any online travel business without the proper payment gateway and fraud settings can prove to be costly. FCBA in essence means that cardholders who
Chargeback Protection: How to Prevent Disputes
Each transaction involves a certain amount of risk. Purchasers often risk dissatisfaction or disappointment upon receiving a product or service. And merchants always risk the possibility of a customer dispute or fraud. Learn the fine art of Chargeback Protection and How to Prevent Disputes. This risk is not always dependent upon the type of business
The High Risk Merchant Paradox
It is an entrepreneur’s job to take risks. But every high risk business type contains the potential for multiple outcomes, success and failure being the most extreme. With risk, like truth, the final outcome is usually to be found in the middle between extremes. An entrepreneur who understands this must be prepared to deal with
Is Your Business Considered High Risk? The List of High-Risk Business Industries
Being a high-risk merchant comes with unique challenges. To start accepting payments, high-risk businesses need to get a high-risk merchant account — which does not always mean higher processing fees and more stringent contract terms. Additionally, the high-risk category in itself is loosely defined, leading to different payment processors using different criteria to evaluate how
How the Address Verification System (AVS) Works
The Address Verification System (AVS) is a system used by financial institutions, sponsoring banks, and payment processors to help prevent fraudulent credit and debit card purchases. When Card Not Present Transactions are processed through the payment gateway, the issuing bank will request the billing address of the cardholder. This information is typically stored on the
Understanding Credit Card Chargebacks and Fraud
Credit card chargebacks occur when a customer has a chargeback dispute and decides to question a charge on their credit card statement with their Credit Card Company or issuing bank. While chargebacks happen for a variety of reasons, the most common reason is that a customer no longer wants the service or product sold to