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Showing posts with the label highriskbusiness

Two Ways to Detect Friendly Fraud?

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A CNP transaction as “a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant’s visual examination at the time that an order is given and payment effected, such as for mail-order transactions by mail or fax, or over the telephone or Internet.” Friendly fraud “ocurs when a consumer makes an online shopping purchase with their own credit card payments , and then requests a chargeback from the issuing bank after receiving the purchased goods or services.“ The two categories of friendly fraud are intentional and unintentional: Intentional Friendly Fraud.The deliberates falsification of facts by a consumer which is intended to deceive a merchant. Reasons for intentional friendly fraud may have to do with buyer’s remorse. Perhaps the buyer made an impulse purchase for an amount that exceeds their comfort level or their financial circumstances suddenly changed and they wish they hadn’t spent the money or, maybe, ...

How to Open a Bail Bonds High Risk Merchant Accounts Business?

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Merchant accounts for Bail bonds seem like a Mystery. Many discuss of processing plastic card payments, however it is a riddle to numerous in the business how they do as such securely, and without dread of conclusion. The result is easy: Merchant Stronghold. The bail bonds business is very rigid and tough, not only due to its customers, but also due to its status in the processing business. While many bashful left from this industry, Merchant Stronghold welcomes it with open arms. Receiving a Merchant Account and processing of credit card payments for your bail bonds business, it can be very difficult.  Numerous Credit Card Processors don’t want to work with Merchant services of bail bonds businesses because of the high risk environment of the service being provided. All merchants require the capacity to process plastic card such as credit card payments and debit card payments. While many bail bonds organizations are “Cash only bonds”, this can discontinuation the proce...