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It is a well-known fact that travel is considered a high-risk industry by PSPs, and this is because customers generally pay months before receiving the service. This type of situation creates elevated chargeback and refund exposure for the payment service providers. When the underwriters review a travel business website, they
The rolling reserve percentage for any high-risk payment gateway is always determined after the comprehensive risk assessment is conducted by the payment service providers. The purpose of keeping a reserve condition on the account is basically to protect the acquiring institution against potential financial losses that may arise because of
Yes, loan companies can generally get merchant accounts and payment processing solutions. However, the approval totally depends upon the type of lending activity, regulatory compliance, geographic market served, and the overall business model, as well as the risk profile. It is important to understand that lending involves financial services, recurring
Yes, in some cases, parental control applications may get a merchant account. However, it is important to understand that such applications face additional underwriting review compared to traditional software businesses. Most payment service providers reject these applications because the business model requires extensive device permissions, monitoring capabilities, location tracking, screen
The Anthropic’s recent IPO filing news hints at a pivotal moment for artificial intelligence companies. It signals their shift towards maturity and more commercialization. While the IPO itself won’t make any direct impact on the payment processing industry, it can certainly spur investment in AI-driven solutions for fraud prevention, risk
Many businesses think they can actually select a merchant account from one company and then connect it to any payment processor that they prefer to work with. While the idea sounds logical, in reality, the payment industry is absolutely different. Merchant accounts and payment processing are generally tied together. And
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