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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 )  
5/1/2024
9:49pm
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.

5/2/2024
5:55am
Virap Otanhome (virap52746)

In the realm of financial transactions, high-risk payment processing https://corefy.com/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.

5/1/2024
9:48pm
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?