Category: Vellis News

Whether it’s conducting important international transactions, playing a fun game on a PC, or doing online shopping, every business wants and needs to enable safe and tangible transactions. However, certain businesses and industries are characterized as high-risk, hence they are prone to fraudulent activities, chargeback, and regulatory problems.

Conducting business in this thriving financial world faces an abundance of challenges. If you are conducting business in high-risk industries such as gambling, there are bound to be even more challenges. Hence, high-risk payment processors act as individual financial service providers that handle transactions for such risk-considered businesses.

Numerous banking translations, whether online or in person, cannot be conducted without having a specific account. Many people may not be acquainted with this financial notion, but there is a clear distinction between a merchant account and a business bank account. A merchant account is a type of a bank account but rather acts as…

With the ongoing technological developments and futuristic approaches to various advancements, the rise of cyber theft and online security breaches has unfortunately become a common factor. Due to the fact that numerous businesses and stores have shifted their payment systems online and through various practical payment methods, it’s no wonder that many fraudulent activities have…

Chargebacks happen when customers dispute a credit card charge, leading the bank to reverse the transaction. While this process protects consumers from fraud or billing errors, it often leaves merchants with financial losses and additional fees. With 27% of retailers reporting an increase in chargebacks, businesses must adopt strategies to prevent chargebacks and safeguard revenue.

3D Secure adds an extra layer of protection to online payments by verifying transactions with temporary PINs or biometrics. Developed by Visa and adopted by Mastercard and others, it works behind the scenes with your bank and the retailer to confirm your identity. When you see the Verified by Visa or Mastercard SecureCode logo, you…

Steve Jobs got kicked out of Apple. While J.K. Rowling was writing the Harry Potter book, her life was a self-described clutter: she was going through a divorce and her only source of revenue was government aid and living in a tiny apartment with her daughter before building her millionaire brand. Henry Ford went broke…

Entrepreneurs who conduct business ventures over the Internet must have a solid plan in order to grow their dream. This plan must contain specific strategies that are carefully developed and tested before they are implemented.

Choosing a reliable payment provider is crucial for businesses in high-risk industries. However, finding the right high-risk payment processing company for your business can be challenging.