How to secure transactions using a High Risk Merchant Account Authorize Net

How to secure transactions using a High Risk Merchant Account Authorize Net

For companies engaging in high-risk industries like entertainment services, travel, supplements, or online gaming, secure payment processing is essential. A high risk merchant account Authorize Net provides a dependable solution with tools and features tailored to high-risk industries. Below are the ways you can secure the payment processing experience using this trusted payment gateway. 

1. Recognize the nature of high risk transactions

Before securing transactions, it’s necessary to recognize why your business may be considered "high risk." A business could be considered high risk for a variety of reasons, including, but not limited to, high chargeback ratios, subscription billing, transactions from multiple countries, or industry regulatory scrutiny. High risk means your payment processes will require a greater degree of security, fraud protection, and compliance. 

2. Pick Authorize Net for All Your High-Risk Merchants

Authorize.Net is a powerful payment gateway that lots of high risk merchant account providers integrate with. Authorize.Net doesn't offer merchant accounts directly, but it connects with lots of high-risk payment processors and has features that allow companies to be compliant and reduce risk.

3. Turn On the Advanced Fraud Detection Suite (AFDS)

One of the best features of Authorize Net is the Advanced Fraud Detection Suite (AFDS). The AFDS gives you customizable filters to monitor transactions and prevent suspicious and/or unauthorized transactions. Filters include:

  • Velocity Filters for limiting transactions from a single card or IP.
  • Block IP Address feature to block known territories of fraud.
  • Transaction Amount Filters that allow the detection of abnormally high or low purchases.

Once you activate and customize these filters, there is a reduced instance of having chargebacks or fraudulent incidents.

4. Use SSL and Tokenization

Security starts with communicating under encryption. When using Authorize Net, you should properly secure your website. In addition, Authorize Net utilizes tokenization, where sensitive customer data is replaced with a secure, encrypted token during communication and storage. This significantly reduces your PCI compliance burden, as well as preventing data breaches.

5. Implement AVS and CVV Verified Institution Services

Two additional layers of fraud protection are the Address Verification System (AVS) and the Card Code Verification (CVV). These merely establish that the billing address and card verification code match the information on file with the issuing bank. By refusing billing matches or mismatches, you are reducing the likelihood of an unauthorized transaction.

6. Use Recurring Billing with Care

If your high-risk business model has subscriptions or a recurring billing structure, Authorize Net has Automated Recurring Billing (ARB). ARB is PCI compliant and can manage the frequency and amounts of billing and notify customers. Many chargebacks have reserved rights of changes in billing periods, or they honestly forgot. To mitigate chargebacks, always notify the customer prior to the charge and provide cancellation options.

7. Instant Transaction Monitoring 

Authorize.Net has a simple merchant dashboard that enables you to monitor transactions in real time. This allows you to proactively spot unusual activity. Monitoring your transactions means you are more likely to respond quickly and stay one step ahead to prevent fraud or chargebacks from occurring in the first place, which in turn protects your bottom line. 

Final Words 

Securing transactions using a high risk merchant account Authorize Net is a multilayered approach to security focused on fraud prevention: AFDS, tokenization, AVS/CVV checking, and transaction monitoring. If set up well, Authorize.Net can help high risk merchants secure their transactions, reduce fraud, remain compliant, and run their business! Using a payment provider like Trinity Consultings can help get you set up properly so that you can focus on not only securing your payments from accounts like Authorize.Net, but also optimizing them!


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