Economy
Can You Trust The High-Risk Payment Gateway Providers?
In today’s fast-paced world, digital transactions have become the norm, making online shopping quick and convenient. With the rise in online transactions, it’s no surprise that businesses seek reliable, secure payment gateway providers that can handle high-risk transactions. These providers specialize in processing higher-risk transactions, such as those in the adult industry, debt collection, or gambling. The high-risk payment gateway providers are equipped with advanced security measures and fraud detection technologies to ensure the safety of the customer and the business.
With their expertise in handling high-risk transactions, it’s no wonder why the popularity of these payment gateway providers is on the rise. These providers are intermediaries between merchants and their customers, responsible for facilitating transactions and securing sensitive financial information. Due to the nature of their clientele – which often includes businesses in industries like gambling, adult entertainment, and high-ticket sales – these providers are typically subject to greater scrutiny by payment processors and financial institutions. However, this doesn’t necessarily mean they are less trustworthy than their counterparts serving low-risk industries.
Should You Trust The High-Risk Payment Gateway Providers?
When it comes to payment gateways, security is of utmost importance. High-risk payment gateway providers may seem dubious at first glance, but it ultimately depends on the provider’s reputation and track record. Before entrusting them with your transactions, research the company thoroughly and check for any red flags, such as complaints from other merchants or breaches in their security protocols.
Some providers may have stricter measures to prevent fraud and chargebacks, making them a better option for businesses with a higher risk of fraudulent activity. Ultimately, it’s up to you to assess the risks and weigh the benefits before deciding whether or not to trust a payment gateway provider.
6 Reasons Why You Should Trust The High-Risk Payment Gateway Providers
1. Experience In High-Risk Industries
When it comes to processing payments for high-risk industries, it’s imperative to choose a reliable payment gateway provider. Trusting the right provider with your business’s financial transactions can significantly impact your success and mitigate risks. These providers are well-equipped with the necessary experience, expertise, and technology to ensure successful payment processing, even in the most complex and challenging industries.
Their proven track record of dealing with high-risk transactions and chargebacks puts them at the forefront of the industry. As their primary focus is to protect merchants from financial fraud and loss, choosing a provider with a history of assisting and supporting high-risk businesses is essential. The expertise and resources of high-risk payment gateway providers can provide peace of mind, knowing that your business’s payment processing needs are in good hands.
2. Multiple Layers Of Fraud Protection
These providers have become increasingly popular because they provide reliable and secure payment processing solutions, especially for businesses in industries such as adult, gaming, and subscription services. Trusting an online payment system with sensitive information can be intimidating, but high-risk payment gateway providers assure customers that their payment information is in good hands.
These providers implement multiple layers of fraud protection to guarantee the security of transactions. These layers of protection may include identity verification, 3-D Secure protocol, address verification systems, and behavioral analytics. All these measures ensure that any suspicious activity is immediately flagged and resolved, providing businesses and their customers with peace of mind regarding online transactions. With high-risk payment gateway providers, you can trust that your transactions and payment information are secure and well-protected.
3. Compliance With Industry Regulations
When it comes to high-risk payment gateway providers, choosing a trustworthy and compliant option is essential. That’s why putting your trust in providers who adhere to industry regulations is crucial. These providers have undergone rigorous evaluation and testing to ensure they meet strict standards safeguarding businesses and customers.
By prioritizing compliance, high-risk payment gateway providers can offer exceptional services and maintain the trust of their clients. So if you’re seeking a payment gateway provider that will keep your transactions secure and give you peace of mind, opt for one compliant with industry regulations.
4. Advanced Security Features
High-risk payment gateway providers understand this and invest in advanced security features to protect your transactions. These features may include SSL encryption, multi-layer authentication, tokenization, and fraud prevention tools. By trusting these providers, you can rest easy knowing your sensitive financial data is handled carefully.
In addition to security features, high-risk payment gateway providers often have industry-specific knowledge and experience. This expertise can be valuable in mitigating risks and ensuring compliance with regulations. Don’t let the term “high-risk” scare you away.
5. Customizable Payment Solutions
Regarding high-risk payment processing, not all solutions are created equal. That’s why it’s essential to trust the providers who offer customizable payment solutions. These providers understand that each business has unique needs and requirements, and they can tailor their services accordingly.
By offering customizable payment solutions, they can help you navigate complex challenges such as risk management and compliance while improving the customer experience. By choosing a provider that offers customizable payment solutions, you can feel confident that you’re getting the best service and support available.
6. Dedicated Customer Support
When it comes to accepting payments online, security is of the utmost importance. That’s where high-risk payment gateway providers come in. These providers have dedicated customer support teams available around the clock to assist you with any queries or concerns. Improving customer support is one of the important steps for any business.
This level of support ensures that any potential issues with payment processing can be addressed and resolved quickly, minimizing any potential disruptions to your business. So, if you’re looking to accept payments online, consider a high-risk payment gateway provider who can provide you with the peace of mind you deserve.
Summing Up
Some high-risk payment gateway providers have built their reputations on their ability to provide secure, reliable services to their clients. Of course, as with any business relationship, it’s essential to do your due diligence and potential research providers thoroughly before choosing one – but don’t write off high-risk payment gateway providers altogether without first considering their merits and capabilities.
By Modupe Gbadeyanka
The federal government has been asked by the Nigerian Bar Association (NBA) to suspend the implementation of the controversial tax laws.
In a reaction to the tax reform acts, the president of the group, Mr Afam Osigwe (SAN), the suspension of the laws would allow for a proper investigation into allegations of alterations in the gazetted and harmonised copies.
A member of the House of Representatives, Mr Abdussamad Dasuki, alleged that some parts of the laws passed by the parliament were different from the gazetted copy.
To address the issues raised, the NBA said it is “imperative that a comprehensive, open, and transparent investigation be conducted to clarify the circumstances surrounding the enactment of the laws and to restore public confidence in the legislative process.”
“Until these issues are fully examined and resolved, all plans for the implementation of the Tax Reform Acts should be immediately suspended,” the association declared.
It noted that the controversies “raise grave concerns about the integrity, transparency, and credibility of Nigeria’s legislative process.”
“These developments strike at the very heart of constitutional governance and call into question the procedural sanctity that must attend lawmaking in a democratic society,” it noted.
“Legal and policy uncertainty of this magnitude has far-reaching consequences. It unsettles the business environment, erodes investor confidence, and creates unpredictability for individuals, businesses, and institutions required to comply with the law. Such uncertainty is inimical to economic stability and should have no place in a system governed by the rule of law.
“Nigeria’s constitutional democracy demands that laws, especially those with profound economic and social implications, emerge from processes that are transparent, accountable, and beyond reproach. Anything short of this undermines public trust and weakens the foundation upon which lawful governance rests.
“We therefore call on all relevant authorities to act swiftly and responsibly in addressing this controversy, in the overriding interest of constitutional order, economic stability, and the preservation of the rule of law,” the organisation stated.
By Adedapo Adesanya
Demand for hot stocks, including MRS Oil Plc, buoyed the NASD Over-the-Counter (OTC) Securities Exchange by 0.52 per cent on Tuesday, December 23.
The energy company was one of the three price gainers for the session as it chalked up N19.69 to sell at N216.59 per share versus the previous day’s value of N196.90 per share.
Further, FrieslandCampina Wamco Nigeria Plc gained N2.95 to close at N56.75 per unit versus N53.80 per unit and Golden Capital Plc appreciated by 84 Kobo to N9.29 per share from Monday’s N8.45 per share.
Consequently, the market capitalisation went up by N10.95 billion to N2.125 trillion from N2.125 trillion and the NASD Unlisted Security Index (NSI) rose by 18.31 points to 3,570.37 points from 3,552.06 points.
Yesterday, the NASD bourse recorded a price loser, the Central Securities Clearing System Plc (CSCS), which gave up 17 Kobo to close at N33.70 per unit against the previous trading value of N33.87 per unit.
The volume of securities traded at the session went down by 97.6 per cent to 297,902 units from the previous day’s 12.6 million units, the value of securities decreased by 98.5 per cent to N10.5 million from N713.6 million, and the number of deals remained flat at 32 deals.
By value, Infrastructure Credit Guarantee Company (InfraCredit) Plc ended as the most actively traded stock on a year-to-date basis with 5.8 billion units exchanged for N16.4 billion. This was followed by Okitipupa Plc, which traded 178.9 million units valued at N9.5 billion, and MRS Oil Plc with 36.1 million units worth N4.9 billion.
In terms of volume, also on a year-to-date basis, InfraCredit Plc led the chart with a turnover of 5.8 billion units traded for N16.4 billion. Industrial and General Insurance (IGI) Plc ranked second with 1.2 billion units sold for N420.7 million, while Impresit Bakolori Plc followed with the sale of 536.9 million units valued at N524.9 million.
By Dipo Olowookere
It was another bullish trading session for the Nigerian Exchange (NGX) Limited as it closed higher by 0.59 per cent on Tuesday.
The market further rallied due to continued interest in large and mid-cap stocks on the exchange by investors rebalancing their portfolios for the year-end.
Yesterday, Aluminium Extrusion sustained its upward trajectory after it further appreciated by 9.96 per cent to N14.90, as Austin Laz gained 9.81 per cent to close at N2.91, Custodian Investment improved by 9.69 per cent to N38.50, and First Holdco soared by 9.35 per cent to N50.30.
Conversely, Royal Exchange declined by 7.22 per cent to N1.80, Champion Breweries shrank by 6.57 per cent to N15.65, NASCON lost 5.36 per cent to trade at N105.05, Sovereign Trust Insurance depreciated by 5.28 per cent to N3.77, and Japaul went down by 4.51 per cent to N2.33.
At the close of business, 29 shares ended on the gainers’ table and 27 shares finished on the losers’ log, representing a positive market breadth index and bullish investor sentiment.
This raised the All-Share Index (ASI) by 895.06 points to 153,354.13 points from 152,459.07 points and lifted the market capitalisation by N579 billion to N97.772 trillion from the previous day’s N97.193 trillion.
VFD Group finished the day as the busiest stock after it recorded a turnover of 192.0 million units worth N2.1 billion, GTCO exchanged 63.5 million units valued at N5.6 billion, Access Holdings traded 49.8 million units for N1.0 billion, First Holdco sold 45.8 million units valued at N2.3 billion, and Secure Electronic Technology transacted 38.3 million units worth N28.4 million.
In all, market participants bought and sold 677.4 million units valued at N20.8 billion in 27,589 deals compared with the 451.5 million units worth N13.0 billion traded in 33,327 deals on Monday, showing an improvement in the trading volume and value by 50.03 per cent and 60.00 per cent apiece, and a shortfall in the number of deals by 17.22 per cent.
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