What are the challenges behind a high-risk business? When your business falls into the category of a high-risk industry, first know it is not because of you. It is the industry and usually due to factors far beyond your control. One of the largest obstacles may come in the way of payment processing since processors are a bit reluctant to offer their service. As a high-risk business, you will most likely have numerous issues to deal with such as excessive chargeback disputes, duplicate charges, lawsuits, and fraudulent transactions. However, these are not a dead end for you since there are still reputable and stable processors ready to provide you the service that you need. Our reputation at Agapay with a variety of clientele makes us the right pick for you.
There is an ever-decreasing number of processors that support high-risk merchant accounts. The fact that there are many possible and unforeseen events can cause trouble for these types of vendors to find processing.
Travel businesses are one of the dominating industries that fuel the world economy. As civilization grows, people are traveling more for business, leisure, or any other of a myriad of reasons. Most of us consider travel as a necessity in life and even an ingredient to...
With a significant portion of merchants switching to internet and cloud based processing, there is a greater risk of data breach. The Payment Care Industry Security Standards Council (PCI SSC), the same organization that creates the standards for PCI compliance, has released a Small Merchant Guide to Safe Payments. This document covers some of the risks that small businesses face and provides basic guidance on how to mitigate risk and make your organization a less desirable target.
We here at Agapay can help you. We have a large portion of our portfolio with high risk clients and have a fantastic relationship with them and our banks. With our hands on service and dedicated support team we make sure even our high-risk clients get the support they deserve to be as successful as they want to be!
New data from the Auriemma Consulting Group (ACG) shows that card present credit card fraud losses have decreased by 18%, the lowest levels since 2013. With major adoption of chip technology by card issuers and merchants, card present fraud has become more difficult...