RegularPay Cooperates With High-Risk MerchantsPublished September 21, 2013 by OCR Editor
Firm operates payment transactions for online gambling sites with high chargebacks.
RegularPay is ready to cooperate with merchants in high-risk industries, including online casinos, sportsbooks and poker rooms with a high monthly level of chargebacks, the company says.
Working With Gaming Operators
Thanks to its close partnership with several European acquiring banks, RegularPay is well set up to cooperate with merchants working in high-risk industries. This Latvian-based European payment service provider works with merchants from around the world and provides them with 3D secure technology, anti-fraud systems and other services to guarantee online transaction safety and convenience.
As its record shows, newly founded startups with no processing history can become partners of European acquiring banks, which allows merchants to reduce their level of chargebacks. As such, RegularPay can provide merchant accounts for these types of business, whether low or high-risk.
Merchants are divided into three groups according to volume of chargebacks: low-risk, medium-risk and high-risk. The main criteria for deciding which category they fall into is their monthly level of chargebacks, i.e. level of return of funds to customers, forcibly initiated by the issuing bank of the instruments used by consumers to settle debts.
This process is designed to protect consumer interests, because a chargeback threat requires merchants to provide customers with high-quality customer service and products, along with refunds where relevant.
Open to High-Risk Merchants
RegularPay has established itself as a company that is open and willing to work with high-risk merchants such as gambling operators. Its wide network of European, Asian and American banks allows it to offer reasonable prices to partners, because it is able to choose the most suitable bank for its client in their specific region.