Stax

APRIL 3, 2025

Businesses using self-hosted gateways must handle data security measures and comply with industry standards like PCI DSS. This means the sub-merchants dont have to go through the lengthy and arduous underwriting process. As online transactions increase, so does the risk of fraud.

Payment Solutions

My Payment Savvy

JUNE 16, 2025

This tokenization keeps the sensitive card information off your servers, reducing the risk of a data breach and easing PCI DSS compliance. The application process typically starts with basic information collection, followed by underwriting review. How does the gateway handle disputes, chargebacks, and fraud prevention?

Payment Gateways

EBizCharge

JANUARY 16, 2025

For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud. Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML).

Credit Cards

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. They must also ensure that sub-merchants are compliant with the regulations set by card companies, e.g. PCI compliance.

Risk Management

Stax

DECEMBER 27, 2023

Setting up a merchant account involves choosing the right merchant account provider for your needs, identifying your type of business, submitting an application, and undergoing an underwriting process to assess risk. PCI compliance. Request Quote What Is a Merchant Account? The payment methods you want to accept. Scalability.

Accounts

Clearly Payments

DECEMBER 5, 2023

They serve as central points of contact, simplifying the merchant experience by managing relationships with various entities and providing supplementary services like fraud prevention and reporting. The level of detail required can vary, but accuracy is crucial to expedite the underwriting process.

Processors

EBizCharge

JUNE 6, 2025

Security and PCI compliance: Ensure the gateway is compliant with Payment Card Industry Data Security Standards (PCI DSS) and offers comprehensive security features, such as encryption, tokenization, and fraud prevention tools. This helps protect both your business and customers’ sensitive payment information.

Payment Gateways