What You Should Know About High-Risk Merchants and Chargebacks
Some businesses are at a higher than normal risk of suffering chargebacks and can be designated as “high-risk” by acquiring banks.
Some businesses are at a higher than normal risk of suffering chargebacks and can be designated as “high-risk” by acquiring banks.
So you're a high-risk merchant; it's really not the end of the world. High-risk merchants have superior access to global markets and unlimited processing.
A "merchant ID" or "MID" is the number that identifies one or more merchant accounts that belong to an entity. You need a MID to process payments.
Calculating your transaction fees can be a real pain in the cashflow. Card schemes like Visa and Mastercard have their own rate structures.
Checkout friction consists of all the different hoops a customer must jump through to buy your product. Some friction is necessary, some isn’t.
We've put together a checklist of some key red flags that your gateway should be automated to catch in your transactions.
For many merchants, a customer call center is that impending solution which reduces chargebacks and invigorates customer relationships.