Subscription Merchant Accounts Surge in Popularity, Remain High Risk

Subscription Merchant Accounts Surge in Popularity, Remain High Risk

Because we’ve long offered subscription merchant accounts, we’re excited for the possibilities of the subscription business model. It is undergoing a resurgence as of late, and it’s not just newspapers, magazines and health clubs anymore. Businesses have gotten creative with subscriptions and recurring billing schemes by offering products such as shaving kits, pet supplies and…

High Risk Merchant Services Solutions for Sports Betting? It’s Going to Take Time

High Risk Merchant Services Solutions for Sports Betting? It’s Going to Take Time

We received quite a few calls this week regarding the possibilities for high risk merchant services solutions for sports betting from very excited merchants on the other end of the line. They were reacting to the U.S. Supreme Court’s overruling of the 1992 Professional and Amateur Sports Protection Act (PASPA) which made sports betting illegal…

Online Credit Card Processing More Challenging Than Ever Says Report

Online Credit Card Processing More Challenging Than Ever Says Report

We’ve offered online credit card processing for the better part of 20 years, but we never dreamed we’d see this kind of volume of cyber attacks. The ThreatMetrix Q1 2018 Cybercrime Report contains the most disturbing set of figures we’ve ever seen regarding attacks on small e-commerce businesses. E-commerce attacks were twice as high in…

Schneiderman Resignation: What Does it Mean for U.S. High Risk Merchant Services?

Schneiderman Resignation: What Does it Mean for U.S. High Risk Merchant Services?

American consumers are well aware of the certainties in life:  death, taxes and philandering politicians. Though our home office is located in coastal New England, we are disappointed in the news that led to Eric Schneiderman’s resignation as the Attorney General of New York State because of his advocacy in the U.S. high risk merchant…

How New Visa Protocol Helps with Merchant Credit Card Processing Chargebacks

How New Visa Protocol Helps with Merchant Credit Card Processing Chargebacks

Lately we’ve written extensively about the new Visa Claims Resolution process, which is going to be a game-changer for high risk merchant credit card processing. There are many industries – travel, online dating and virtually anything subscription-based – that fall under the high risk category because of the propensity for chargeback disputes. This is precisely…

How South Dakota vs. Wayfair Could Impact High Risk Merchant Processing

How South Dakota vs. Wayfair Could Impact High Risk Merchant Processing

Since we offer high risk merchant processing for e-commerce businesses in a sales tax-free state (New Hampshire), we’re taking particular interest in the South Dakota vs. Wayfair court case. We think many folks in the e-commerce payments industry are paying attention (or should be), since the U.S. Supreme Court will decide whether online retailers should…

Why 3D Secure Online Payment Processing is Made for Visa Claims Resolution

Why 3D Secure Online Payment Processing is Made for Visa Claims Resolution

Our endorsement of 3D secure online payment processing has grown exponentially over the last five years. When it debuted, we loved the concept, but the process needed refining as it caused an epidemic of shopping cart abandonment. We then started reading up on it, and warmed to the concept when we came across the Amtrak-Cardinal…

High risk credit card processors, merchants and acquirers need to collaborate

High risk credit card processors, merchants and acquirers need to collaborate

We feel Visa’s new chargeback handling scheme is going to create a more interdependent relationship among high risk credit card processors, merchants and acquiring banks. With the way the Visa Claims Resolution is structured, which went live last week, the three entities are going to need to depend on one another to mitigate chargebacks and…

Visa ‘Collaboration': Credit Card Payment Processing Merchants Must Be Better Communicators

Visa ‘Collaboration': Credit Card Payment Processing Merchants Must Be Better Communicators

With the Visa Claims Resolution in full effect, credit card payment processing merchants have no choice but to become better communicators. Earlier this week we blogged about the ‘allocation’ process – half of Visa’s new dual workflow approach to resolving chargebacks (which Visa now calls ‘disputes’), effective April 15, in which Visa initially decides whether…