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 educate oneself with the world. With millions of people […]
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 and has resulted in a sharp decline in related losses. However, even with […]
When looking to engage credit card payment processing services, it may come as an shock when the processor labels you a high-risk merchant. A high-risk merchant account is usually labelled so because the industry exhibits certain characteristics that make it risky to the processor and hence they have to assign the business this category to minimize their own risk. They will take in account the number of years you have been in operation, history of chargebacks, type of business and company financials among others. They will also take into account your personal credit history. The factor that most determines if you are high-risk is the type of business you operate. This will also affect the kind of rates you pay for every credit card transaction you process.
