Our risk assessment begins with your application, depending on the type of industry your business belongs to,and the considered risk based on transactions processed in the industry’s past, the bank will determine the rates that will be available for your company to process transactions through our secure gateway Safeguard.

On your end, risk assessment will be done based on the transaction type. The risk will vary on the way the transaction was initiated, whether it was swiped or if the credit card information was manually keyed. Swiping a customers credit card will offer the lowest risk, as you will have electronic proof that the card was present and you were also given the opportunity to verify the cardholder’s identification. Due to the fact that banks issue corporate credit cards to sub holders of the primary--the corporation--transactions made with a corporate card will be considered higher risks. Transactions that are keyed in are assessed as higher risk, because there is no evidence that the card was present or that the cardholder's identification was verified.

Beyond the actual transaction, Visa and MasterCard holders are able to dispute a charge for 180 days after the transaction. In the case that the cardholder disputes a charge, their bank will investigate the transaction and if sufficient evidence is found that the transaction was fraudulent, the result will be a chargeback (link). It is essential that you do everything in your power to insure that the transactions your representatives are processing are securely processed and that the identity of the cardholder is verified. Not only will you receive a chargeback for these transactions, but it will also affect your merchant score. If it were to become a persistent issue, your rates will increase, and eventually your ability to process credit card payments will be revoked.

Our risk assessment begins with your application, depending on the type of industry your business belongs to,and the considered risk based on transactions processed in the industry’s past, the bank will determine the rates that will be available for your company to process transactions through our secure gateway Safeguard.

On your end, risk assessment will be done based on the transaction type. The risk will vary on the way the transaction was initiated, whether it was swiped or if the credit card information was manually keyed. Swiping a customers credit card will offer the lowest risk, as you will have electronic proof that the card was present and you were also given the opportunity to verify the cardholder’s identification. Due to the fact that banks issue corporate credit cards to sub holders of the primary--the corporation--transactions made with a corporate card will be considered higher risks. Transactions that are keyed in are assessed as higher risk, because there is no evidence that the card was present or that the cardholder's identification was verified.

Beyond the actual transaction, Visa and MasterCard holders are able to dispute a charge for 180 days after the transaction. In the case that the cardholder disputes a charge, their bank will investigate the transaction and if sufficient evidence is found that the transaction was fraudulent, the result will be a chargeback (link). It is essential that you do everything in your power to insure that the transactions your representatives are processing are securely processed and that the identity of the cardholder is verified. Not only will you receive a chargeback for these transactions, but it will also affect your merchant score. If it were to become a persistent issue, your rates will increase, and eventually your ability to process credit card payments will be revoked.