Hello!
Just evaluating my options as I put together a web app that could be considered online gambling by some definitions. I am already evaluating high risk payment processors and understand that chargebacks can be a serious problem. Does anyone have any experience mitigating this risk? For example :
- Withholding payouts X number of days to reduce the risk of over paying a payout before/after a chargeback complaint is submitted by one or more users?
- Any agreement or terms similar to a digital signature as one would expect when paying for the bill at a restaurant?
- Do all high risk merchant services have similar policies?
Any advice, insight or experience is greatly appreciated.
Thank you!
Just evaluating my options as I put together a web app that could be considered online gambling by some definitions. I am already evaluating high risk payment processors and understand that chargebacks can be a serious problem. Does anyone have any experience mitigating this risk? For example :
- Withholding payouts X number of days to reduce the risk of over paying a payout before/after a chargeback complaint is submitted by one or more users?
- Any agreement or terms similar to a digital signature as one would expect when paying for the bill at a restaurant?
- Do all high risk merchant services have similar policies?
Any advice, insight or experience is greatly appreciated.
Thank you!