The foreign exchange is a vast market. On average, a turnover of over $5 trillion is traded in the market every day. When different currencies trade, a considerable impact is experienced in the cash flows, investments, and tradings of different countries. The selling of currencies attracts different participates. Banks, insurance companies, and individuals all seek […]
WHAT IS A FRIENDLY FRAUD? The very first thought that hits our mind about friendly fraud is how can a fraud be friendly! Obviously a fraud can be everything but cannot be friendly. It’s a universal fact that no one is perfect and we all commit mistakes in some point of our life. Friendly frauds are unintentional. […]
What is a high risk merchant account? A high risk merchant account is a merchant account for organizations that fall under the category of high risk businesses. For most high-risk businesses, getting approved for a high risk merchant account with regular processors can be quite difficult and disappointing. Credit score to industry type can sort you […]
Your business may be considered “high risk,” in which case, you will not be approved for a regular merchant account with a financial institution. High risk merchant accounts are offered for clients who may have one or more of the following characteristics: 1. Businesses vulnerable to frequent chargebacks A high volume of chargebacks, money refunded back to the […]
