Is Redde Payments Legit?

Is Redde Payments Legit?

So you typed “is Redde Payments legit” into Google, did you? Well good. That’s exactly the kind of question you should be asking before you let just anyone process your payments. Especially if you run a high-risk business and you’ve been burned by a processor that shut you down without warning.

Quick answer: Yes, Redde Payments is a legitimate, experienced payment processor built specifically for high-risk merchants

But here’s the thing... If we told you “yes, we’re 100% legit, TRUST US!” you’d probably roll your eyes. Every company says that. So instead, let’s actually look at why we’re not just another payment provider telling you to use us for your payments.

We've been doing this for 14 years 🤯

Redde Payments didn’t just show up suddenly last year. We’ve been in the payments industry for about 14 years, which in an industry that constantly crushes new processors, that’s worth something. High-risk merchants are especially familiar with how frequently “processors” appear, sign up a network of merchants, get flagged by their bank and disappear about a year later. That’s not us. We’ve stuck around and built our business the right way from day one.

We were built on a risk background 🔍

Most processors treat high-risk merchants as an afterthought, or a side of their business that they tolerate because margins are good. Redde was founded with a strong risk background that shaped our company from the very start. That’s the real difference. That means when we look at a CBD/supplements company, a firearms dealer or a nonprofit that got dropped by Stripe, we’re not sitting over here guessing what that business needs to be successful. Risk isn't a department we slapped on later, it's the reason Redde exists.

One of our founders helped write the CPP exam 📝

This part would be pretty hard to fake! The Certified Payments Professional (CPP) designation, issued by Electronic Transactions Association, is the payments industry’s credentialing standard. This is the test that payment professionals take to demonstrate that they know what they’re doing. One of Redde’s founders helped write questions for that very exam. This isn’t just a very cool marketing point, but it’s worth noting that one of our founders is respected enough in the industry to help define what “competent” looks like for everyone else in it.

Why this matters: Anyone can add "payment expert" to their LinkedIn bio. However, very few people are trusted to help write the exam that certifies everyone else.

So why does this question keep getting asked? 😐

Honestly? It’s not surprising. High-risk merchants have been burned before, and by before we mean a lot. If you’ve ever had your account frozen with no explanation, or if your funds are constantly being held or a processor just completely stopped answering your emails, you’re going to do some background digging on a new provider. That’s really smart and you should keep doing that. A company with nothing to hide should have no problem with you wanting to verify if they are legit or not. If a processor becomes defensive when you ask for proof, well, that’s your answer.

Closing ✌️

We will admit, it’s a little funny answering the question if we’re legit or not through our blog. Of course we’re going to say yes. But 14 years in an industry that doesn’t favor the reckless, a founding team that built its entire company on risk management, and a founder who literally helped write the test for industry competency, that might prove we’re legit. And hey, we’re proud of it.

References

• Rapyd, "Decoding High-Risk Payment MCC Codes"
• Credly, ETA Certified Payments Professional (CPP) Badge
• Electronic Transactions Association, What It Means to Be a Certified Payments Professional (CPP)