ELECTRONIC PAYMENTS - Payment Processing News

ELECTRONIC PAYMENTS

Travel Payment Options

ELECTRONIC PAYMENTS 

When it comes to electronic payments, certain types of businesses are considered high risk.

Most merchants do not realize that electronic payment processors carry a financial risk on merchant accounts, and normally fund merchants prior to receiving payment from the client’s bank.

Essentially, a merchant account is an unsecured loan.

Different factors used to determine when a business is a high risk are:

  • Types of products
  • Services they sell how
  • How they sell them

Online transactions are considered high risk because there are increased risks of fraud.

A key factor used to determine the risk of a business is chargebacks.

Chargebacks include customer refunds and fraudulent transactions.

Payment providers assess this risk to determine the percentage of chargebacks your business is likely to experience.

Businesses that are considered high risk where they take advanced payments:

  • Travel agencies
  • Ticketing services

Electronic payments provider is necessary if you want to accept debit and credit card transactions.

For high-risk electronic payments please feel free to call us at 888-996-2273.  

 

 

 

 

March 1st, 2017 by