Here are industries that typically require a high-risk gateway and the reasons behind their classification:
1. Online Gaming and Gambling:- Reason: High transaction volumes,... moreHere are industries that typically require a high-risk gateway and the reasons behind their classification:
1. Online Gaming and Gambling:- Reason: High transaction volumes, potential chargebacks, and industry regulations contribute to the elevated risk.
2. Adult Entertainment:- Reason: Legal complexities, reputational risks, and a higher likelihood of chargebacks make this industry high-risk.
3. Pharmaceuticals and Nutraceuticals:- Reason: Strict regulations, potential health claims fraud, and the need for secure transactions classify these industries as high-risk.
4. Travel Services:- Reason: International transactions, susceptibility to fraud, and the dynamic nature of the travel industry contribute to the elevated risk.
5. Subscription-Based Models:- Reason: Higher chargeback rates due to customer cancellations and disputes over recurring payments.
6. E-cigarette Retailers:- Reason: Regulatory uncertainties, potential legal challenges, and a higher risk of chargebacks characterize... less