What is a chargeback fee and who pays a chargeback fee?
Chargebacks are a serious thing in businesses today. Not only can they threaten the company’s reputation but they also may cause merchants not to be approved for their accounts. They can also be the reason that companies report a loss time and time again. Chargeback don’t just mean that the sale was not made, or […]
How to Prevent Credit Card Fraud for Your Merchant Account?
One of the things that credit card fraud targets are merchant accounts. It can be very easy for credit card fraudsters to leave business owners’ financial transactions vulnerable to fraudulent activities. This situation can lead to serious financial consequences. In this article, we will explain how to prevent credit card fraud for your merchant account. […]
9 Challenges Every High-Risk Company Faces
The continuous growth of a business requires discipline and this indirectly affects customer satisfaction and company revenue. The success of your company may be your main goal, but the business risk in the sector you are doing may prevent you from reaching your goal. A company is considered to be a high-risk business based on […]
5 Best Payment Processing Companies for the Year 2021
One of the most perplexing facets of running a company is payment collection. A payment processor company makes your task easy by facilitating transactions. However, it is not essential to be a technology expert, especially if you have a reputable payment processor. These companies alleviate many of the headaches involved with the banking and accounting […]
A Step-By-Step Guide to Understanding the Payment Industry in Layman’s Language
The Payments Industry is a fast-paced environment that is continually evolving owing to new payment systems, mergers and acquisitions, and technological advancements. We see payment processing firms play a more prominent position in the payments market. Particularly as technology advances, many of them partner with conventional financial institutions to appeal to the new consumer and […]
Why is it important to have card security when shopping online?
Security is a vital aspect of any credit card payment, and as a business you expect your merchant services provider to give you the best in security. However, why is there so much emphasis on secure credit card processing? Your credit card processor may seem safe and secure to you, especially if you have a […]
Top 10 Reasons to Start E-commerce in 2021
E-commerce, which can be defined as internet commerce, refers to the purchase and sale of various goods and services using digital platforms. The online sale of all kinds of products and services that we can physically use or benefit from is a big part of internet commerce. The questions that many people who want to […]
What is a high-risk merchant account?
If you run an online business that has a higher risk of chargebacks and you want to process credit card transactions, then you need a high-risk merchant account. To open a high risk merchant account, you would need to find an acquiring bank that will underwrite your business. However, it is good to ask a […]
What is a Forex merchant account?
Forex is short for Foreign Exchange and is a global over the counter market from which foreign currencies are bought, sold and traded. It is the largest and most fluid trading market with over $5 trillion in transactions per day. The Forex market is open 24 hours a day, including most holidays. There are two […]
Tips for Securing a High-Risk Merchant
Any business that experiences a high number of chargebacks is deemed as a high-risk business. Some characteristics of a high-risk merchant are: Why Do You Need a High-Risk Merchant Account? Source: https://myventurepad.com/things-you-need-to-know-about-high-risk-credit-card-processing/ High Rate of Chargebacks If your company receives a lot of chargebacks, this is a warning sign for merchant account providers. Although this […]
