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ReviewFederal Trade Commission · Payments & fraudPublished Sep 45/5 claims matched to source

Nuvei pays $4.85M; FTC requires screening merchants by chargeback rate

The FTC's second processor settlement in a week requires Nuvei to screen prospective merchants and investigate any client whose chargebacks exceed set limits. Expect tighter onboarding at every processor.

  • Settlement$4.85 million
  • Processed for one scammore than $30 million

What the document says

  1. Matched to source. Nuvei will pay $4.85 million for consumer redress.

  2. Matched to source. The order requires screening of all clients and enhanced investigation when chargebacks exceed the order's limits.

  3. Matched to source. The complaint cites merchants that other processors had already terminated for chargebacks or fraud.

  4. Matched to source. Nuvei is banned from serving tech-support sellers that use telemarketing or security pop-ups.

  5. Matched to source. Business-opportunity sellers with unsupported earnings claims were among the merchants cited.

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