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 […]
How to choose the best travel merchant account
Travelling has become so easy due to a high number of low-cost carriers, hotel and apartment booking sites, and internet access to global sites. However, meeting customers’ expectations is a real hurdle for travel companies. But, with the right travel merchant account, you can stay ahead of the competition. The travel industry is labelled high […]
High-Risk Merchant Services for Nutraceuticals
People are increasingly turning to holistic and alternative modes of healthcare. This has resulted in an explosion in vitamins, supplements, and other products to improve people’s health without using medications or surgery. Nonetheless, since this is such a modern and emerging market with so many factors, many merchant service providers hesitate to provide payment processing […]
E-Commerce Tips for Your High-Risk Business
If your business or sector is considered risky, you’ll have a hard time having a regular account with most acquirers. Usually, most enterprises will be required to use a high-risk merchant account, which comes with a slew of limitations and higher transaction fees. Another repercussion that high-risk businesses should be mindful of is chargeback thresholds. […]
Do THC/CBD companies need a high-risk merchant account?
Talking about high-risk merchant accounts, a lot of modern businesses are in need of one. But first, why do businesses need a CBD merchant account? What makes it essential for businesses to go for CBD merchant processing? And what about CBD payment processing? We will try to answer all these questions in this write-up. CBD […]
