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Mastering the Art of High-Risk Transactions: Innovative Payment Solutions for Auction Houses

ByCTO June 17, 2023June 21, 2023

The world of auction houses, both offline and online, is a complex and intriguing sphere. They serve as a marketplace for a myriad of items, from antiquities and fine art to real estate and collectibles. However, beneath this fascinating facade, auction houses operate in what is widely recognized as a high-risk industry. This high-risk status is attributed to several elements including unpredictable markets, high-ticket transactions, potential for fraud, and increased chargebacks. These factors often lead to a cautious approach from conventional payment processors when dealing with auction houses.

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