The Essentials of High-Risk Payment Gateways for International Merchants
Navigating the world of online payments can be complex, especially for businesses deemed high-risk. Traditional banks often shy away from providing services to these businesses due to potential risks like chargebacks, fraud, and high refund rates. However, high-risk payment gateway providers have stepped up to fill this gap, offering specialized services that cater to the unique needs of these businesses. What Makes a Business High-Risk? A business is considered high-risk for several reasons. One of the primary factors is a high volume of chargebacks. According to Accertify, chargeback volume has increased by 51% in recent years, making it a significant concern for payment processors. Industries such as travel, gambling, adult entertainment, and e-commerce often face high chargeback rates, leading to their classification as high-risk. Other factors contributing to a high-risk label include high average transaction amounts (over $500), monthly sales volumes exceeding $