It keeps you awake if you have liability for chargebacks. “Which of the higher risk merchants I’ve booked will go bad…. fast?” “Which of the fraudsters who have been temporarily shut down by the FTC are applying for a merchant account in MY portfolio?”
The “nightmare” will keep you awake, but its not just a bad dream. It’s something you will face at the office in the morning. Every morning.
“Let’s see the transaction reports!” “Where are the spikes?” ‘What are the chargeback numbers?” “What are our reserves?” “Can we get them on the phone?” “What do you mean they’re not responding?”
Due Diligence done means fewer nightmares. Fewer scammers who have slipped by your underwriters. Fewer “nickel and dime” ($160,000 – $725,000) picks from your own pocket.
For less than the cost of your lunch you can, perhaps, sleep better.
Not including the tip, of course.
acquirerrisk.com