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Wirecard collapses owing $4 billion

Wirecard collapses owing $4 billion

To all the affected merchants and partners of this sad news, going forward we will all need to undertake our own thorough due diligence and choose our future payment partners carefully, checking their heritage, their regulator and satisfy every test; especially around segregated client funds and security.

Transparency, Stability, Contingency and Trust are key to the ongoing success of your business.

CommerceGate has 20+ acquiring partners and is using this opportunity to say thank you to all of our clients who promptly replied to compliance requests, keeping their profiles updated and allowing our team to prepare backup MIDsin advance with no rush and delays.

If you are looking for a trusted payments partner please do not hesitate to reach out and we can tell you more.

CommerceGate Team
#acquiring #paymentprocessing #ecommerce #digitalpayments #partnerships #contingency #DisasterRecovery

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