When choosing a merchant account, pick one that offers you security. Make sure they have an SSL-encrypted payment gateway.
Like any good, engaging murder-mystery, the case of the charged credit card begins one rainy day. The purchaser, let's call her Nancy, goes online one damp and dreary Sunday to purchase a breathtaking pair of shoes. This is her story and the story of how her credit card got charged. » read more
Visa defines a high-risk merchant as “a merchant that is at a high risk for chargebacks due to the nature of its business.” According to the official site, high-risk merchants include direct marketers, travel services, outbound telemarketers, inbound teleservices and betting establishments.
The term high-risk merchant encompasses an even wider field when it involves merchant account acquisition. Adult businesses as well as pharmaceuticals are also often included in this marginalized business sector. » read more
What is an Internet Payment Service Provider (IPSP)?
An IPSP is an online entity that enters into a contract with an Acquirer (Merchant Bank) to shoulder financial responsibility and liability for “high risk” merchant accounts, by which registered sponsored merchants (website owners) are allowed to process and settle Internet transactions. » read more