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Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for acceptingcreditcardpayments. High-risk industries, such as gaming or adult entertainment, undergo more stringent scrutiny due to their higher likelihood of fraud or chargebacks.
These fees also vary depending on the card network. Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates creditcard transactions. Some risks include the level of creditcard fraud and the number of chargebacks.
Here are some of the most well-known companies accepting crypto as payment and what’s driving the adoption. 6 Major Companies Accepting Crypto as PaymentAccepting crypto payments as a business isn’t just for the tech-focused industries. Companies can start accepting crypto payments in less than a week.
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