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high-risk payment processing

Creation date: May 1, 2024 9:48pm     Last modified date: May 1, 2024 9:48pm   Last visit date: May 28, 2024 5:31am
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May 1, 2024  ( 2 posts, 1 reply May 2, 2024 )  
Virap Otanhome (virap52746)

Sure. High-risk payment processing refers to the handling of transactions that are considered to have a higher potential for fraud or chargebacks.

Virap Otanhome (virap52746)

In the realm of financial transactions, high-risk payment processing pertains to handling payments for businesses that operate in industries or sectors deemed to have a greater susceptibility to fraudulent activities, chargebacks, or regulatory scrutiny. Such businesses often include those in sectors like online gambling, adult entertainment, e-cigarettes, and CBD products. Factors contributing to their high-risk classification may include high transaction volumes, recurring billing models, or legal ambiguities. As a result, specialized payment processors equipped with advanced fraud detection tools and risk mitigation strategies are essential for ensuring the secure processing of transactions within these industries.

Vikalina Vikal (uvikalina)

Hey everyone, I've been doing some research on payment processing for my new business, and I keep coming across the term "high-risk payment processing." Can anyone shed some light on what that means exactly?