It is often seen that credit card fraud and chargeback fees can turn out to be very expensive for online business, especially those which are bottomed within high risk industries like travel and so on. As the laws relating to credit banking stands, it is always the merchant who bears the costs.
Administration this invasive e-commerce risk becomes much easy when one chooses the rightful process, along with the necessary tools and schemes in place to keep fraud transaction at lowest amount. Opening a merchant account with RapidoPayments all the transaction that passes through our gateway, this will be checked for fraud allowing your chargeback levels to go down.
Gateway
This service automates the entire transaction process between the online merchant and the shopper. Payment gateway establishes the connection allowing a merchant to accept credit cards and various other forms of online and electronic payment.
E-wallet
Through e-wallets, customers are gifted with a secured environment that allows them to store multiple bank account numbers and multiple payment cards.
Issuer
Issuer could be financial institutions that issue debit and credit cards to customers.
MasterCard
MasterCard is one of the global financial services corporation and is a major debit and credit card company that regulates and administers MasterCard debit and credit cards transactions between issuing financial institutions and merchants.
Mobile Payments
Usually the payments that are done via the implementation of mobile devices are called mobile payments. There are many payment and technology methods used in mobile payments with specimens from single cards, mobile wallets, NFC and alternative payment techniques like bank transfers.
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