Risk Management “Policy”
What is the Risk Management Plan? How can Risk Management affect your profile plan?
“The” classifications behind risk management are the reason why some plans cost more than others.
You might end up with a law risk plan or an increased risk plan as offered on our website, this might happen for a process called Risk management. This is a process of identifying, assessing, responding, monitoring, and reporting risks on a business or personal profile
How is your Risk plan defined?
Don’t be upset with Us If this happens. Let Us explain to you why.
Risk management is a complicated term.
Let’s make it easy: It’s a kind of “school mark” given on your profile, if by any chance you ended up in a different profile, please don’t be upset with clever money, we still are the cheapest and fastest in the market! Back in time at school, we were all convicted to have a mark, but we ended up with a different one.
THAT DOESN’T MEAN THAT YOU OR YOUR BUSINESS IS BAD FOR US.
THE OPPOSITE IS TRUE: IT JUST TAKES MORE WORK AND COMMITMENT TO PROVIDE YOU WITH THE BEST SERVICE.
Don’t worry! Our offer is fixed and defined in three categories for both personal and business (law – medium-high) you will always be charged for these three plans for personal and business.
It may happen that sometimes, even if you think you are eligible for a plan, you end up with a different one.
How is your Risk plan defined? Do you want to know more? Read below.
Any EU financial services provider as our Merchant, will use this Risk Matrix in regular risk assessments that will apply to your wallet, card, or any other payment facilities, now you know how it works.
An event may be defined as Risk Event = Probability (“x” or multiplied) by the Impact, where probability is the chance the event may occur, and impact is the effect of that event if it occurs.
A scale of 1-100% will be used to assess your profile and for Probability of risk: (1-20)% means very low; (21-40)% means low; (41-60)% means medium; (61-80)% means high; (81-100)% means it is a fact.
On the other side of the assessment matrix, the outcome above will match with a rating from 1 to 5 starting from a risk that is negotiable (by the merchant and manageable to severe, for the extreme outcome.
