Description of Merchant Compliance
Within several areas the merchant acquiring branch are meeting new challenges all the time. Merchant compliance is something that has become synonym with in deep analysis of merchants, their history, what they claim to sell, and what site content they have. Areas where Samport have discovered wrong being is:
· Illegal or not approved merchandise and/or site content
· No existing business /no existing web shop page to inspect
· MCC inconsistency
· Trading of acquiring contracts
· Merchant switches to noncompliant contents after approval
· Terminated merchants seeking to renew acquiring contracts under different company names
How does this affect the acquirer?
· Financially. Revenue loss if the wrong fees are applied in case of MCC inconsistencies
· Company image. Processing offensive contents will hurt the company’s goodwill
· Fines from the Card Associations
