Who Shouldn’t be Using MoR Solutions?
Posted: Sat Dec 07, 2024 7:21 am
This is a controversial topic because high-risk businesses get labeled as such due to many factors, which include the number of chargebacks and refunds. It is true that there are high-risk niches, but because of the manner in which orders are processed, even SaaS businesses could easily be perceived as high-risk. In other words, in most cases, it’s the eCommerce partner’s fault that these businesses are placed in this category unless you have a natively, highly prone to fraud product.
In reality, a Merchant of Record, having increased risk and afghanistan telemarketing list compliance management capabilities, can help businesses in this category significantly improve their chargeback rate and reputation and, ultimately, boost revenue and continue to thrive.
Non-Compliant Businesses
Because Merchants of Records resell your products to shoppers worldwide, taking full liability for all transactions, they find it difficult to collaborate with businesses that market non-compliant products. When working with non-compliant products, MoRs could expose themselves to legal, reputational, or financial risk.
For this reason, most Merchants of Record will analyze each potential partnership and consider the associated risks before moving forward and processing payments, performing their own through KYC process. Additionally, some MoRs may impose stricter regulations and higher fees to navigate the connected risks when collaborating with businesses of this type to mitigate their own financial liability.
In reality, a Merchant of Record, having increased risk and afghanistan telemarketing list compliance management capabilities, can help businesses in this category significantly improve their chargeback rate and reputation and, ultimately, boost revenue and continue to thrive.
Non-Compliant Businesses
Because Merchants of Records resell your products to shoppers worldwide, taking full liability for all transactions, they find it difficult to collaborate with businesses that market non-compliant products. When working with non-compliant products, MoRs could expose themselves to legal, reputational, or financial risk.
For this reason, most Merchants of Record will analyze each potential partnership and consider the associated risks before moving forward and processing payments, performing their own through KYC process. Additionally, some MoRs may impose stricter regulations and higher fees to navigate the connected risks when collaborating with businesses of this type to mitigate their own financial liability.