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FRAUDULENT RISK WITH GAMBLING MERCHANT ACCOUNT

Merchant account is also known as high risk. It is true that a very high risk is involved in merchant account. Merchant account are very risky as many fraudulent activities have created a bad impression an all the merchant account holders in the corporate world. One of the largest risks involved, as a main risk factor, is the credit card fraud. We also know that many fraudulent cases have already been reported in the early days.

It is very important for the merchant to protect his/her business against the fraudulent risk taking place. The merchant account providers have tried measures to make the merchant business expand smoothly in the global market but the fraudulent risk is a big barrier to those intentions. Various legal rules as well as formalities, between the merchant and the customers, have to be followed while obtaining a merchant account. This matter should be considered in a serious manner so as to prevent from the fraudulent risks. A merchant has to be careful while dealing with the customers and the customer also has to be careful in return towards the merchant they are dealing. One of the best examples of fraud protection in a merchant account is the Authorize.Net. It is an improved method of detecting the fraudulent acts or scam during the time of transaction between the customer and the merchant account holders. It supports Authorize.Net Virtual Check through which payments can be accepted from the customers through the electronic check. The system screens and detects any fraudulent risks in merchant account. This efficient system is supported by the Secure Sockets Layer (SSL) encryption (128 bit).

The merchant account holders are offered 128 bit protection of the SSL encryption through which the Authorize.Net Secure payment Gateway system processes the online payment checks. Likewise, there are various branches of the Authorize.Net. HTML coding is mainly used as a tool for payment processing and posting. This is also called as Authorize.Net Basic. The fraud gives a wrong delivery address to the merchants, where the delivery is actually not needed. This leads to the delivery of goods at a wrong place. A merchant should be very careful before while making transactions with online customers. Most of the fraudulent cases have occurred through online. The merchant can also make a deceptive move, regardless of the customers, with the transactions and dealings. While opening a new merchant account, every detail about the merchant and the type of businesses he/she carries, is important. A customer can easily check the available database of the merchant before proceeding with the dealings. In this way, both the customer and the merchant can remain safe, while doing business.

There is always high risk of frauds and scams in merchant accounts. Because of the online marketing system or the internet businesses, the merchant and the customers are anonymous, that is, both the parties are not physically present face to face. The online secure payment gateways make transactions safe as well as secure. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.