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, the 36 states of the federation and the 774 local government areas have received N1.727 trillion from the Federal Accounts Allocation Committee (FAAC) for December 2024.
The funds were disbursed to the three tiers of government from the revenue generated by the nation in November 2024.
At the December meeting of FAAC held in Abuja, it was stated that the amount distributed comprised distributable statutory revenue of N455.354 billion, distributable Value Added Tax (VAT) revenue of N585.700 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.046 billion and Exchange Difference revenue of N671.392 billion.
According to a statement signed on Friday by the Director of Press and Public Relations for FAAC, Mr Bawa Mokwa, the money generated last month was about N3.143 trillion, with N103.307 billion used for cost of collection and N1.312 trillion for transfers, interventions and refunds.
It was disclosed that gross statutory revenue of N1.827 trillion was received compared with the N1.336 trillion recorded a month earlier.
The statement said gross revenue of N628.972 billion was available from VAT versus N668.291 billion in the preceding month.
The organisation stated that last month, oil and gas royalty and CET levies recorded significant increases, while excise duty, VAT, import duty, Petroleum Profit Tax (PPT), Companies Income Tax (CIT) and EMTL decreased considerably.
As for the sharing, FAAC disclosed that from the N1.727 trillion, the central government got N581.856 billion, the states received N549.792 billion, the councils took N402.553 billion, while the benefiting states got N193.291 billion as 13 per cent derivation revenue.
From the N585.700 billion VAT earnings, the national government got N87.855 billion, the states received N292.850 billion and the local councils were given N204.995 billion.
Also, from the N455.354 billion distributable statutory revenue, the federal government was given N175.690 billion, the states got N89.113 billion, the local governments had N68.702 billion, and the benefiting states received N121.849 billion as 13 per cent derivation revenue.
In addition, from the N15.046 billion EMTL revenue, FAAC shared N2.257 billion to the federal government, disbursed N7.523 billion to the states and transferred N5.266 billion to the local councils.
Further, from the N671.392 billion Exchange Difference earnings, it gave central government N316.054 billion, the states N160.306 billion, the local government areas N123.590 billion, and the oil-producing states N71.442 billion as 13 per cent derivation revenue.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.65 per cent gain on Friday, December 13, boosted by three equities admitted on the trading platform.
On the last trading session of the week, Okitipupa Plc appreciated by N2.70 to settle at N29.74 per share versus Thursday’s closing price of N27.04 per share, FrieslandCampina Wamco Nigeria Plc added N2.49 to end the session at N42.85 per unit compared with the previous day’s N40.36 per unit, and Afriland Properties Plc gained 50 Kobo to close at N16.30 per share, in contrast to the preceding session’s N15.80 per share.
Consequently, the market capitalisation added N6.89 billion to settle at N1.062 trillion compared with the preceding day’s N1.055 trillion and the NASD Unlisted Security Index (NSI) gained 19.66 points to wrap the session at 3,032.16 points compared with 3,012.50 points recorded in the previous session.
Yesterday, the volume of securities traded by investors increased by 171.6 per cent to 1.2 million units from the 447,905 units recorded a day earlier, but the value of shares traded by the market participants declined by 19.3 per cent to N2.4 million from the N3.02 million achieved a day earlier, and the number of deals went down by 14.3 per cent to 18 deals from 21 deals.
At the close of business, Geo-Fluids Plc was the most active stock by volume on a year-to-date basis with a turnover of 1.7 billion units worth N3.9 billion, followed by Okitipupa Plc with the sale of 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.3 million units sold for N5.3 million.
In the same vein, Aradel Holdings Plc remained the most active stock by value on a year-to-date basis with the sale of 108.7 million units for N89.2 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with a turnover of 297.3 million units worth N5.3 billion.
By Adedapo Adesanya
The Naira appreciated further against the United States Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by N1.50 or 0.09 per cent to close at N1,533.00/$1 on Friday, December 13 versus the N1,534.50/$1 it was transacted on Thursday.
The local currency has continued to benefit from the Electronic Foreign Exchange Matching System (EFEMS) introduced by the Central Bank of Nigeria (CBN) this month.
The implementation of the forex system comes with diverse implications for all segments of the financial markets that deal with FX, including the rebound in the value of the Naira across markets.
The system instantly reflects data on all FX transactions conducted in the interbank market and approved by the CBN.
Market analysts say the publication of real-time prices and buy-sell orders data from this system has lent support to the Naira in the official market and tackled speculation.
In the official market yesterday, the domestic currency improved its value against the Pound Sterling by N12.58 to wrap the session at N1,942.19/£1 compared with the previous day’s N1,954.77/£1 and against the Euro, it gained N2.44 to close at N1,612.85/€1 versus Thursday’s closing price of N1,610.41/€1.
At the black market, the Nigerian Naira appreciated against the greenback on Friday by N30 to sell for N1,650/$1 compared with the preceding session’s value of N1,680/$1.
Meanwhile, the cryptocurrency market was largely positive as investors banked on recent signals, including fresh support from US President-elect, Mr Donald Trump, as well as interest rate cuts by the European Central Bank (ECB).
Ripple (XRP) added 7.3 per cent to sell at $2.49, Binance Coin (BNB) rose by 3.5 per cent to $728.28, Cardano (ADA) expanded by 2.4 per cent to trade at $1.11, Litecoin (LTC) increased by 2.3 per cent to $122.56, Bitcoin (BTC) gained 1.9 per cent to settle at $101,766.17, Dogecoin (DOGE) jumped by 1.2 per cent to $0.4064, Solana (SOL) soared by 0.7 per cent to $226.15 and Ethereum (ETH) advanced by 0.6 per cent to $3,925.35, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
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