RIGA, Latvia, July 18, 2013 /PRNewswire/ --
According to the volume of chargebacks, merchants are divided into three groups: low-, medium- and high-risk merchants. The main criteria for such division is a monthly level of chargebacks. Chargeback is a return of funds to a customer, forcibly initiated by the issuing bank of the instrument used by a consumer to settle a debt. Such an option exists for protection of consumer's interest, because a chargeback threat propels merchants to provide their customers with quality products, helpful customer service and timely refunds as appropriate.
Close partnership with a number of European acquiring banks gives RegularPay the possibility of cooperation with merchants working in high-risk industries. Recently founded startups with no processing history can now become a partner of European acquiring banks, which gradually allows merchants to reduce their level of chargebacks.
Payment process includes online payment gateway and RegularPay can provide merchant accounts for different types of businesses.
Built-in anti-fraud system permits merchants to be sure that all payment transactions are being carried out with no risks.
About the company: RegularPay is a European payment service provider based in Latvia. The company works with merchants worldwide and provides them with merchant accounts with 3-D secure technology, implemented anti-fraud system and other services that guarantee safety and convenience in online payment transactions.