Press Release
The High Costs of Payment Processing for High-Risk Businesses and How to Manage Them
United States, 15th Apr 2025 – For businesses operating in high-risk industries, payment processing can often feel like an uphill battle. Between excessive fees, unpredictable account holds, and outright rejections from traditional banks, many businesses find themselves in a financial squeeze with few viable options. But while high processing costs might seem like an unavoidable price of doing business, solutions exist to help companies cut costs without sacrificing efficiency.
Why high-risk businesses face higher fees
Traditional payment processors tend to shy away from industries labeled as high risk. Whether due to regulatory challenges, chargeback concerns, or financial instability, banks and mainstream processors impose higher transaction fees or refuse to work with businesses in these sectors altogether. As a result, business owners often see their payment processing costs soar.
These added expenses can eat away at profit margins and make it harder for businesses to grow. Yet, according to industry experts, there are ways to navigate these challenges effectively.
Finding cost-effective payment solutions
Rather than relying on traditional banks that may not understand the needs of high-risk businesses, many entrepreneurs are turning to specialized payment processors. These providers offer tailored solutions designed to accommodate the specific challenges of high-risk industries, often with more competitive pricing, faster approval times, and fewer restrictions.
“Businesses in high-risk industries need payment solutions that work with them, not against them,” says Jeff Ragsdale, vice president of sales at eDebit Direct. “By choosing the right payment processor, companies can significantly reduce fees, avoid unnecessary delays, and streamline their transactions.”
Leveraging technology to reduce costs
Modern payment technologies do more than just reduce fees, they also help businesses operate more efficiently. The latest advancements in payment technology allow businesses to integrate secure, automated payment systems that minimize transaction friction and reduce operational costs.
For high-risk businesses, the key is to find a provider that offers reliable payment options without excessive fees or restrictive terms. Companies like eDebit specialize in serving high-risk industries by providing seamless payment solutions that help businesses maintain smooth financial operations while keeping costs in check.
A path forward for high-risk businesses
While high-risk businesses may always face additional scrutiny from traditional financial institutions, they don’t have to accept excessive fees as an inevitable burden. By partnering with the right payment processor, businesses can take control of their financial future, reduce operational expenses, and ensure that payment processing is an asset rather than an obstacle.
For more information about managing payment processing costs and exploring alternative solutions, contact Jeff Ragsdale at eDebit Direct via email at jeff@edebitdirect.com or visit www.edebitdirect.com.
For media inquires, contact Lisa Farias at lisa@edebitdirect.com.
About eDebit Direct
eDebit Direct is a leading provider of payment processing solutions tailored for high-risk businesses. With a commitment to reliability, security, and cost-effectiveness, eDebit Direct helps businesses navigate the complexities of payment acceptance while minimizing fees and maximizing efficiency.
Media Contact
Organization: eDebit Direct LLC
Contact Person: Jeff Ragsdale
Website: https://www.edebitdirect.com
Email: Send Email
Country:United States
Release id:26480
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The High Costs of Payment Processing for High-Risk Businesses and How to Manage Them
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
New York, NY – DigiPay.Guru, a leading provider of next-generation digital payment solutions, has announced the global expansion of its cross-border payment platform. This advanced upgrade is designed to meet the growing needs of banks, fintech companies, and financial institutions across the world. With this move, DigiPay.Guru is reshaping how cross-border transactions are handled by making them faster, more transparent, highly interoperable, and accessible to all.
In today’s world of interconnected economies and mobile workforces, cross-border payments have become essential. Whether it’s migrant workers sending money home or small businesses reaching new markets, a dependable and affordable global payment infrastructure has become a necessity for millions.
This latest advancement reflects DigiPay.Guru’s ongoing commitment to building a more inclusive and efficient financial ecosystem on a global scale.
Bridging the Financial Divide Across Borders
Cross-border payments have traditionally been weighed down by major challenges. These include high transaction fees, long processing times, unclear exchange rates, and tough compliance requirements. Unfortunately, these issues affect underserved communities and emerging markets the most which makes global commerce less accessible to those who need it.
DigiPay.Guru’s upgraded cross-border payment platform removes these obstacles. With a streamlined, API-first solution that includes strong compliance tools and support for multiple currencies, the platform allows users to send and receive funds around the world without the usual complications.
“Our goal is to make global payments more accessible for everyone,” said Rahul Patel, CEO of DigiPay.Guru. “This launch helps financial institutions deliver fast, affordable, and compliant cross-border services to people who rely on them—such as migrant workers, cross-border merchants, and small enterprises.”
Key Features That Make DigiPay.Guru Stand Out
DigiPay.Guru’s cross-border solution includes a range of powerful features that help financial institutions grow their international footprint with confidence:
- Multi-Currency Corridor Support
The platform enables seamless management of different currencies and exchange rates. Institutions can set corridor-specific pricing and offer real-time foreign exchange visibility, resulting in better customer satisfaction and improved profitability. - Peer-to-Peer Remittances
Customers can send secure, real-time transfers internationally using digital wallets, bank accounts, or mobile numbers. This feature is especially helpful for migrant workers sending money home or families sharing funds across countries. - Bulk and Business Payments
Enterprises can send salary payments, vendor payouts, or cross-border invoices to multiple recipients in different currencies with a single action. This functionality supports both SMEs and global payroll teams. - Cross-Border Bill Payments
Users can pay for things like education, utility bills, or insurance across countries. This brings added ease for students, expatriates, and families living abroad. - AML and Sanction Screening
The platform includes built-in KYC checks, anti-money laundering protocols, and real-time sanction screenings. This ensures every transaction complies with international standards while reducing the workload for compliance departments. - Smart Routing and Reconciliation
Transactions are routed intelligently based on speed, cost, and currency corridors. The system also includes a reconciliation dashboard that centralizes data and prepares audit-ready reports. - Agent Network Enablement
The platform enables financial institutions to build agent networks in strategic locations. This makes it easier for customers in cash-based regions to deposit or withdraw funds, bridging the gap between digital and physical banking.
Tackling a Market Worth $156 Trillion
Industry analysts estimate that the global cross-border payments market will surpass $156 trillion by the year 2030. Even today, many individuals and small businesses remain excluded due to high costs and lack of infrastructure. DigiPay.Guru’s solution is designed to fix this imbalance by combining modern fintech capabilities with an inclusive delivery model.
“When institutions use our platform, they are not just saving money. They are also extending financial dignity to the communities they serve,” added Patel. “Our solution helps them stay competitive and relevant in a world where borders matter less and digital access matters more.”
Technology That Delivers Real Impact
The foundation of DigiPay.Guru’s cross-border solution is its flexible, API-first architecture. This makes it easy to deploy, simple to integrate with legacy banking systems, and customizable to meet regional regulations.
The company is also exploring support for blockchain and digital currencies, including decentralized networks. These innovations are part of DigiPay.Guru’s plan to align with global initiatives around modern payment infrastructure like central bank digital currencies and stablecoins.
Supporting Both Banks and Fintech Innovators
DigiPay.Guru’s solution is designed to scale with its partners’ ambitions. Whether a regional bank in Africa wants to start offering international remittance services or a European fintech is planning expansion into Asia, the platform provides the right tools and flexibility. Its modular structure and regulatory support help institutions launch services faster with lower development costs.
Some key use cases include:
- Migrant Remittance Services
- International Payroll and Vendor Payments
- Cross-Border B2B Transactions
- Marketplace Payout-as-a-Service
- Education and Healthcare Payment Solutions
Creating a Future-Ready Ecosystem
Cross-border payment innovation requires collaboration. DigiPay.Guru is actively working with regulators, correspondent banks, telecom providers, money transfer operators, and fintech players to build a more open and inclusive financial system.
By offering open APIs, easy regulatory alignment, and adaptable corridor configurations, DigiPay.Guru invites all ecosystem stakeholders to work together toward real impact across global markets.
The Road Ahead
As financial inclusion continues to be a global priority, DigiPay.Guru’s expanded cross-border capabilities come at an important time. The new solution helps financial institutions modernize their services while unlocking opportunities for unbanked and underserved populations, as well as the increasingly mobile global workforce.
Over the coming year, the company plans to grow its presence in Africa, Latin America, and Southeast Asia. DigiPay.Guru aims to onboard more than 50 financial institutions by the end of 2025.
About DigiPay.Guru
DigiPay.Guru is a fintech company that delivers advanced digital payment solutions to banks, fintechs, and financial institutions. Its comprehensive product suite includes digital wallets, agency banking, prepaid cards, merchant acquiring, international remittance, and eKYC solutions. Trusted by clients in over 15+ countries, DigiPay.Guru empowers financial businesses to launch modern financial services quickly and securely.
Media Contact
Organization: DigiPay.Guru
Contact Person: Nikunj Gundaniya
Website: https://www.digipay.guru/
Email:
hello@digipay.guru
Country:United States
Release id:29371
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
SAN FRANCISCO, CA – 18/06/2025 – (SeaPRwire) – Data Turing, a new technology venture, launched today with a first-of-its-kind platform that automatically builds authoritative brand narratives from verifiable data. The company’s pioneering service automates the creation of websites, articles, and white papers directly from authenticated sources, empowering executives, brands, and public figures to establish and control their digital identity with provable accuracy.
In an era where digital misinformation is rampant, establishing authentic and trustworthy narratives has become a critical challenge for enterprises and public figures. Data Turing directly confronts this problem with a platform designed to ensure that all generated content is rooted in and cited by verifiable facts and real quotes. This creates a powerful tool for executive branding, corporate communications, and reputation management.
“The foundation of trust is truth. In the digital world, truth is easily manipulated, and narratives are often built on sand,” said Alex Chen, CEO and founder of Data Turing. “We created Data Turing to change that. Our platform provides a foundation of stone, using verifiable data to construct authentic narratives. We are giving control back to leaders and organizations, allowing them to build their digital legacy on a bedrock of provable fact, not fleeting fiction.”
Key Services of the Data Turing Platform:
- Verifiable Narrative Generation: Ingests authenticated documents, interviews, and data to construct compelling and accurate brand stories with cited sources.
- Automated Digital Assets: Generates a full suite of digital assets, including microsites, biographies, and articles, with every claim automatically linked to its source.
- Executive & Brand Legacy Building: Provides a strategic tool for public figures and brands to proactively define their legacy, ensuring it is preserved accurately for the future.
- Secure & Immutable Data Vault: Utilizes a cryptographically secured infrastructure to ensure the integrity of all source data.
- Transparent Reputation Management: Equips communications teams with a system to manage brand reputation using content that is inherently trustworthy and transparent.
Data Turing is already working with a select group of enterprise clients and public figures, who are using the platform to streamline content production for their owned media channels and enhance brand trust through radical transparency. A client digital legacy project powered by the Data Turing platform can be seen at https://jaredisaacmanquotes.com.
About Data Turing
Data Turing is a San Francisco-based technology company with a mission to preserve truth in the digital age. The company’s platform enables enterprises, executives, and public figures to generate authoritative brand narratives from verifiable data, fighting misinformation and building lasting digital legacies.
Media Contact
Brand: Data Turing, Inc.
Contact: Jessica Miller, Director of Communications
Email: media@dataturing.com
Website: https://dataturing.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Fintech and Global Growth in Focus as Russia National Centre Hosts Key Session at SPIEF 2025
MOSCOW, RUSSIA – 18/06/2025 – (SeaPRwire) – The St. Petersburg International Economic Forum (SPIEF) 2025 opened in St. Petersburg on June 18 with a high-level session hosted by the Russia National Centre, highlighting fintech innovation and strategies for global economic growth.
The forum’s business program opened on June 18 with the session “Shaping a New Platform for Global Growth,” where the final report on the results of the International Open Dialogue of the Russia National Centre was presented. The discussion focused on key challenges of modernity: economic and political fragmentation, demographic shifts, the implementation of breakthrough technologies, and the growing social and technological gap within and between states.
The CEO of Tanssi Foundation, Tiago Rudiger (Brazil), emphasised that the real fintech revolution is happening in Global South countries.
“Forget Wall Street – the fintech revolution is happening in Global South countries. Thanks to blockchain, money and assets are becoming programmable, and combined with artificial intelligence, this provides a powerful impulse for transforming the entire financial sector. Fintech is changing the game’s rules, affecting traditional banks and opening new opportunities for millions of people,” believes Tiago Rudiger.
He noted that Brazil and Russia are sharing their experiences in these areas with each other.
“I read that this will help people reduce transaction costs in global financial markets. I’m ready to discuss this with enthusiasm. I look forward to when these processes arrive in Brazil and worldwide,” emphasised Tiago Rudiger.
Maxim Oreshkin, Deputy Chief of Staff of the Presidential Administration of the Russian Federation, moderated the session. He emphasised that this year, the St. Petersburg International Economic Forum is taking place against turbulent world events.
“This year, the St. Petersburg International Economic Forum is taking place against turbulent world events. This includes the situation in the Middle East and trade wars. Much time will be devoted to this current agenda at the forum. We must not forget which long-term trends and challenges are basic and defining. It is important to conduct an open dialogue about how we build the world of the future and how to form a new platform for global growth. In which countries does this global growth occur, on which technologies will it be built, and on which principles and cultural code? Our task is to ensure that forward movement benefits people in all countries that, like Russia, are working on the future. It is through open dialogue that our future and its understanding are built,” emphasised Maxim Oreshkin.
At the session organised by the Russia National Centre, speakers also discussed the report on the results of the Open Dialogue prepared by the Centre for Cross-Industry Expertise “Third Rome.” The session took place in sequential discussions, in which speakers discussed economics, technologies, and people in a rapidly changing world.
The results of the session “Shaping a New Platform for Global Growth” became the foundation for the subsequent business program of SPIEF-2025. The recording of the session can be viewed on the Russia National Centre website.
Media contact
Brand: Russia National Centre
Contact person name: Vadim Samodurov
E-mail: info@russia.ru
Website: https://future.russia.ru
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
DigiPayGuru Expands Global Reach with New Cross-Border Payment Capabilities
Data Turing Launches to Automate Brand Reputation Using Verifiable Truth
Fintech and Global Growth in Focus as Russia National Centre Hosts Key Session at SPIEF 2025
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