iGaming Payment Processor & Crypto Gateway
Payment gateway is a third-party between merchants and customers that securely take the money from customers and send it to merchant’s bank account. It is a virtual equivalent of a physical point-of-sale terminal that located in most of retail outlets. Payment gateway performs the important role in processing and authorizing the payment or transactions between customer and merchants. As for crypto payment gateway enables merchants to use Bitcoin and altcoins for their business and also to accept payments in traditional currencies such as USD, Euro, etc. The bitcoin payment service instantly converts the received bitcoins into the currency of your choice, eliminating the volatility risk. The money gets added to your account, and it finally gets credited to your designated bank account at the decided frequency once the accumulated account crosses the threshold limit.
There are currently 6 names in this directory beginning with the letter R.
Raw Account DataUnencrypted/untokenized credit card and bank account numbers.
Real-time ProcessingThe process of transaction processing that involves a transaction submission and returning of an immediate response.
Realtime Transaction CycleSubmission of a collection of realtime transactions received within a particular period of time, for an associated account. A new RTC is created when all previous cycles close for that account, and a new transaction is received.
Risk ManagementMerchants engage in risk management processes to identify, evaluate, analyze and prevent exposure to the risks that threaten capital and earnings. These risks come in many forms, including weatherrelated risks, liability judgments, employee theft and credit card fraud.
RISK-BASED APPROACHThe method for complying with AML/CFT standards based on the general principle that, where there are higher risks, countries should require digital financial services providers to take enhanced measures to manage and mitigate those risks. Where risks are lower, and there is no suspicion of money laundering or terrorist financing activities, simplified measures may be permitted.
RR (Rolling Reserve)A rolling reserve is a risk management strategy to protect the merchant and its banks from potential loss due to chargebacks. A portion of the credit card volume processed will be secured to cover for the potential business risk relating to chargebacks. Acquiring banks calculate the rolling reserve amount based on a certain percentage of each transaction (for example, between 5-15% on every transaction). Rolling reserves are kept on hold for 180 days and will be released at the end of this period.
