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. |