Could that risk not have been averted by paying closer attention to merchant agreements and shopping around more?
Your merchant account has a limit. When you're about to blow it out of the water, you pick up the phone and call your merchant and talk about it, not wait for everything to go into automatic investigation fraud hell.
There are no flawless , fire and forget payment solutions that scale to any amount out there, there are just too many variables.
Possibly. But I've never actually been given a merchant agreement with any of the accounts I've ever set up. I've been given a rate sheet and little more beyond that. Shopping around is hard when you effectively have no prior business history. This has gotten a bit easier in recent years and Stripe makes the issue a bit moot. But, the point is the grass isn't necessarily greener and merchant banks can and will freeze funds if they think doing so will avert a bad outcome in a risky situation.
Your merchant account has a limit. When you're about to blow it out of the water, you pick up the phone and call your merchant and talk about it, not wait for everything to go into automatic investigation fraud hell.
There are no flawless , fire and forget payment solutions that scale to any amount out there, there are just too many variables.