About Shark

Payment Solutions LTD.

Penny Auction

Why is “High Risk” a Problem?

An auction is a place where you can get anything you have ever wanted by bidding with your money for it. Since this modern era is forcing us to do everything via the Internet, there are numerous websites which are holding the penny auctions on a daily basis. Penny auction is a small fee which you have to pay to place your bid, and that’s where the real problem is. This is how all of those who are in this kind of business make money.  If you’re the one who is into this kind of businesses, you should be aware of the fact that you’re considered high risk, and that we and our services can significantly help you cope with everything with ease.

Why is Penny Auction High Risk?

The thing is with high-risk payments, especially when it comes to online payment, your money from fees which you’ve collected as well as the money of your customers can be easily stolen. This is when you need the services we can provide to you since our primary focus are the high-risk payments. We can help you and make you as one of the high-risk merchants just a regular retailer from which people can purchase anything with ease. Penny auction is considered high risk because it is pretty similar to gambling websites. There are many fake web pages which sole purpose is to fool you and steal everything your customers have. This, of course, doesn’t mean that you’re one of those kinds of websites, but a customer isn’t sure, especially if you’re new in this field of work.

Banks & Payment Gateways

Another reason why penny auction is listed as a high risk is that there are a lot of chargebacks, and when there are a lot of chargebacks, you immediately become a high risk, regardless what area of focus you’re in. Dealing with chargebacks can be tough, and since you considered high-risk, that makes it even more challenging, because there are not many online payment processors that will work with high-risk merchants, and that could be a problem for you. We are the ones that offer a solution, and we can help you to work with all those payment gateways. Another thing is that not many banks want to have any business with high-risk merchants such as you, and this can cause a significant problem, because if there are no banks, there is no flow of money which is the primary goal here.

In the end

The Internet is a dangerous place when you do not thread with caution, especially when you’re making payments. It’s a fact that we can provide you with the best security and solutions when it comes to high-risk merchants and businesses, but still, you need to be careful yourself as well. If you want to be successful and indeed want to make serious money from this kind of business, then you should consider using our services.

 

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