A merchant identification number is a special code that can be used to identify the payment processing methods of a business. Payment processing companies provide merchant identification both for low-risk and high-risk clients. This identification code is important in verification of transactions. There are quite some hindrances for high-risk clients, especially in carrying out financial
Chargebacks are un-interestingly becoming a part of payment system. This is not good. Although, chargebacks can be unavoidable at times but it has other end too. Consumers claim that 67% such incidences could have been avoidable. But, is it really that easy? So, we need to dig deep to find the answers. Chargebacks happening again