There are three categories payment risk falls under:
1. Credit – the risk that a customer will not have sufficient funds
2. Fraud – the risk that payments are accepted with deceptive information
3. Repudiation – the risk that a customer does not honor their payment (charge-backs)
It is best to work with a payment specialist that understands the global market when deploying your payment solution. Many markets are still fragmented and a misstep while navigating the global payment marketplace can set you back several months.