To put it in simple words merchant onboarding is a process that verifies new merchants that you want to work with are legitimate businesses, processing genuine payments.
Engagement with fraudulent merchants can expose PSPs to serious danger because they put themselves at risk of supporting criminal conduct and customer lawsuits.
A good merchant onboarding procedure can help you reduce these risks!
To know more visit https://asiaverify.com/merchant-onboarding/
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